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Today in Data: AmEx’s $96M Discriminatory Payout

PYMNTS

Fair practices among credit card companies are determined by the Federal Trade Commission. One credit card company that is in hot water is American Express. Virgin Island and other U.S. Virgin Island cards versus those in the U.S. territories that were inferior to those given to customers in the U.S.

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Bitcoin Daily: WisdomTree US Money Manager Ventures Into Bitcoin Exchanges; Nordea Bank Cleared To Prohibit Employee Bitcoin Trading

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The British Virgin Islands has plans to release its own national cryptocurrency pegged one-to-one to the greenback so that its 35,000 residents can use it within its territory. Think of it like a prepaid card,” Lewis said. “It was important for us and our members to establish what rights managers have.

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This Week In Retail: Funding, Finance And Tech

PYMNTS

American Express is in the hot seat this week as the Consumer Financial Protection Bureau (CFPB) ordered the credit card company to pay out a very large amount to consumers in Puerto Rico and the U.S. Virgin Islands. Virgin Islands consumers. 200 | Starting point for potential Walmart installment loans.

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Kroger Is Taking Visa Payments Again After Ban

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Supermarket chain Kroger has started taking Visa credit cards again at all of its stores, according to reports. In April, Kroger stopped accepting Visa credit cards at Smith’s, which has about 130 locations throughout seven states. The company stopped accepting Visa cards at Foods Co. Virgin Islands tied to a “ vaping illness.”

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Amex charged higher rates and fees in U.S. territories, CFPB says

Payments Source

Virgin Islands and other U.S. American Express charged higher interest rates and annual fees to cardholders in Puerto Rico, the U.S. territories than in the U.S., the CFPB said Wednesday.

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Radial Fights Fraud, Releases Annual Holiday Fraud Index

PYMNTS

Since EMV launched and chip technology has made it harder to defraud card-present transactions, fraudsters are moving over into card-not-present transactions. Virgin Islands boasts highest order approval rate at 99.77 “Fraud is growing at 30 percent year over year,” said KC Fox, head of payments, tax and fraud at Radial.

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Google Tracker: Google Earth, Air And Sea

PYMNTS

Virgin Islands recover from Maria, and that supporting the reconstruction of communications infrastructure will be a major part of that, Pai said. The high-altitude balloons are solar-powered and designed to provide internet service in remote areas. Self-Driving Ships.

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