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NewsBriefs

This article contains excerpts from news stories recently posted under Congres is approaching Visa and Mastercard's practices
Breaking Industry News on our homepage. For links to these and other from another direction. Senator Richard Durbin, D-Ill.,
full news stories, please visit www.greensheet.com/breakingnews.php. wants to put his proposed new credit card routing rules on
the legislative fast track. He and Senator Roger Marshall,
R-Kan., proposed an amendment to a major defense
funding bill that mirrors legislation the two introduced in
July 2022 to allow merchant choice in the routing of credit
card payments.
CFPB slams Global's Active Network
over alleged trickery
The Consumer Financial Protection Bureau is taking to
task a payments company that helps register folks for
fundraising events, alleging the outfit tricked consumers
into signing up for club memberships they never used, to
the tune of about $300 million. The CFPB disclosed it is
suing Active Network LLC in U.S. District Court for the
Amadis, nexo promote simplified, Eastern District of Texas, alleging the Plano, Texas-based
standardized payments firm tricked people registering for fundraising events into
enrolling in its annual subscription discount club through
Recent meetings in Montreal and Madrid, separately the use of "digital dark patterns" and other forms of online
hosted by Amadis and nexo standards, addressed deception.
efforts to standardize global payment acceptance,
the organizations stated. Jacques Soussana, secretary Active Network has been in business since at least 2011
general of nexo standards, noted that consumers expect and is used by organizers of charity events, such as
flexible payment options at all points of interaction. fundraising races and YMCA camps, to register and accept
"Implementation, management and evolution of such payments from participants. The company also operates
services can be complex, due to the intricate upgrades Active Advantage, a paid membership club offering
needed, fragmentation between different stakeholders discounts for products and activities that are rarely related
and increasing regulation," he said in a statement. "The to fundraising events supported on the other side of the
upcoming annual conference is key to bringing the entire house.
value chain together to ensure the ecosystem evolves to
suit everyone's needs." FIDO advances passwordless future

Normand Provost, program manager officer & liaison at Authenticate 2022 held in Seattle in October drew
nexo, agreed consumers and businesses are adapting to approximately 500 on-site and 400 virtual attendees
an integrated software culture. "EMV, PCI and ISO were from the global identity community. Hosted by FIDO
a good start, but we need to address the full transaction Alliance with signature sponsors Google, Microsoft,
chain," he said in a recent interview with The Green Sheet. Visa and Yubico, the three-day event highlighted
"Fortunately, European regulators remain focused on advanced approaches to online and mobile authentication
globalization, harmonization and interoperability." in exhibits, live demos, keynote presentations, and
interactive breakout and networking sessions. In opening
FTC investigating Visa, Mastercard security tokens remarks, Andrew Shikiar, executive director at FIDO
Alliance, welcomed service providers, enterprises, users,
In an article titled "Visa, Mastercard Draw New compliance specialists and software developers, all of
Government Scrutiny Over Debit-Card Routing," the Wall whom, he noted, are part of FIDO's expanding global
Street Journal reported the Federal Trade Commission is ecosystem.
investigating Visa and Mastercard's security tokens (Visa
Token Service and Mastercard Digital Enablement Service)
for potentially restricting debit card routing competition
in online payments. A Also find us on Facebook,
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The article noted that the FTC is already investigating the L LinkedIn & Twitter for the
two major card brands for alleged blocking of merchants mos t u p-t o-d a t e s t o ri es,
most up-to-date stories,
from routing payments over other debit card networks.
can’t miss events and newest
The tokens, which replace cardholder information with a c a n ’ t miss e v e n ts a nd ne w es t
unique digital identifier, are of additional interest to the industry announcements.
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FTC for potentially inhibiting merchants' processing of
debit card transactions on rival networks.
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