In a press release, the National Association of Convenience Stores (NACS) says that "the nation’s 115,000-plus convenience stores will communicate their outrage over devastating credit card fees via pumptoppers that will educate consumers and Congress about the problem." NACS will be making "pumptoppers" available free of charge to retailers "communicating the industry’s fight against sky-high interchange rates."   » Continue Reading

In a press release today, the Merchants Payments Coalition commented on yesterday's announcement by Visa of changes to its interchange fees and authorization holds for fuel purchases.   » Continue Reading

In a press release this morning, Consumers Union, publisher of Consumer Reports, praised a plan announced yesterday by Visa to "virtually eliminate excessive holds on debit card transactions beginning this October when customers pay for gas at the pump. Right now, many gas stations impose a hold on funds in their customer's bank accounts for an amount that exceeds what has been spent on gas. These debit holds can last for up to three days and can be particularly burdensome for consumers in today's economy." Consumers Union called on gas stations to take advantage of the new procedure and for MasterCard to adopt a similar policy.   » Continue Reading

Alliance & Leicester Commercial Bank has announced that it has implemented 3D Secure on its BillPay websites. "Better known to the public as “Verified by Visa” and “MasterCard SecureCode”, 3D Secure is designed to protect cardholders against unauthorised use of their debit or credit cards online."   » Continue Reading

• The Virginian-Pilot: Credit Card fees are cutting into gas station owners' profits
• Credit Card Pundit: Maxed Out Movie Review
• Dow Jones Newswire: Credit Card Issuers Face Bigger Losses Than Expected
• New PCI Compliance Software Makes It Easy to Comply With Tougher Credit Card Standards
• Visa Inc. to Announce Fiscal Third Quarter 2008 Financial Results on July 30, 2008