After complaints from merchants and an update from the Fed, Visa has modified debit routing rules, noting that merchants can route U.S. EMV debit transactions through any of more than a dozen available networks, and not just Visa's. The move could have implications for chip-and-PIN use.
What does the title National Protection and Programs Directorate mean to you? It's not so clear, unless you are familiar with the Department of Homeland Security's organizational chart. To clarify its mission, the House has voted to rename - and revamp - the DHS agency.
Hubris has a new name: Bitfi. The cryptocurrency wallet-building company, backed by technology eccentric John McAfee, earned this year's not-so-coveted Pwnies Award for "Lamest Vendor Response" for how it mishandled security researchers' vulnerability disclosures. Bitfi has promised to do better.
European Parliamentarians finally had their opportunity on Tuesday to ask Facebook CEO Mark Zuckerberg questions about its data handling and privacy practices. But the session, which lasted roughly 90 minutes, turned into a somewhat frustrating flop.