Technology/Services
Thirteen Indicted in Gas Station Skimming Scheme
Manhattan D.A. indicts data thieves who used devices at RaceTrac stations in South, stole funds on both coasts
Regulation & Legislation
Judges Challenge Push for Lower Debit Swipe Fees
Panel grills retailers, rejects arguments over interpretation of Fed rules
After a credit or debit card is swiped to accept payment, many entities may be taking a cut of your money from that transaction. You might think that the card brand—such as MasterCard, your processor and the bank issuing the card—are all taking cuts, and you would be correct. However, many others that are almost always hidden from merchants may also be taking a cut.