Consumers recently got some financial relief when Congress passed a bill making it illegal for credit card companies to raise interest rates arbitrarily on monthly balances. And now, some politicians think retailers should get a break, too.

The PCI Council, in an attempt to show that it can be flexible and truly is listening to industry feedback, is now on the third version of its controversial policy on audio recordings since the beginning of the year.

Visa has announced plans to offer its No Signature Required program to the majority of merchant categories in the United States beginning July 2010. According to Visa, "under the new expanded program, for domestic transactions $25 and less, retailers can accept U.S.-issued Visa cards for purchases without requiring a cardholder signature; this program has the potential to increase speed at the point of sale and enhance customer satisfaction."

Proposed regulation of interchange is stalled in Congress, but California lawmakers are investigating the controversial revenue generator for credit and debit card issuers that merchants ultimately pay. It's not clear yet, however, whether the informational hearing held this week by the California Assembly's Banking and Finance Committee ultimately will result in a law.

American Express, MasterCard and Visa have all announced responses to the devastating earthquake in Haiti - including waiving interchange fees for a period for specific US-based charities that are providing support to Haitian relief.

A rising swarm of cyber-robberies targeting small firms, local governments, school districts, churches and non-profits has prompted an extraordinary warning. The American Bankers Association and the FBI are advising small and midsize businesses that conduct financial transactions over the Internet to dedicate a separate PC used exclusively for online banking.