Visa and Mastercard and FTC…Oh My!
Tuesday, February 9th, 2010
- Image by Getty Images via Daylife
Visa, Mastercard and the Federal Trade Commission are working out a new series of regulations to protect consumers and businesses from fraudulent online business transactions. To date, there are already hundreds of internet businesses which have lost their merchant accounts in the past couple weeks.
There are always pros and cons in making regulations for a few which affect the many, and this situation is no different.
