MasterCard – Follow To Know

MasterCard Won’t Let Companies Automatically Bill You After Free Trials | Engadget

January 17, 2019January 17, 2019 mdbincbi

We’ve all made the mistake of starting a free trial and forgetting to cancel it before the billing period kicks in. Now, MasterCard will protect against this. The company announced a new policy that will require merchants to get authorization from you before hitting you with recurring charges for subscriptions. It will also require companies to provide you with monthly updates with pricing and clear instructions on how to cancel if you need it. Read full story here: MasterCard Won’t Let Companies Automatically Bill You After Free Trials | Engadget

Why Aren’t Chip Credit Cards Stopping “Card Present” Fraud In The US? | Ars Technica

November 16, 2018 mdbincbi

A security analysis firm called Gemini Advisory recently posted a report saying that credit card fraud is actually on the rise in the US. That’s surprising, because the US is three years out from a big chip-based card rollout. Chip-based cards were supposed to limit card fraud in the US, which was out of control compared to similar fraud in countries that already used EMV (the name of the chip card standard). Gemini Advisory now says that 60 million credit and debit card numbers were stolen in the US in…