mastercard
Judge rejects Visa, Mastercard $30B settlement over controversial swipe fees
The settlement announced in March was intended to resolve most litigation that began in 2005 over so-called swipe fees, also known as interchange fees, that merchants pay to accept Visa and Mastercard,...
Premium credit card holders may pay more thanks to $30B Visa-Mastercard settlement
Visa and Mastercard on Tuesday reached a landmark $30 billion settlement that will limit credit and debit card fees for merchants.
Visa and Mastercard agree to slash fees in $30B landmark settlement
Visa and Mastercard on Tuesday reached a landmark $30 billion settlement that will limit credit and debit card fees for merchants, with some savings likely to be passed on to...
Republican senator wants to cap credit card APR at 18%: report
"Americans are being crushed under the weight of record credit card debt," the Missouri Republican told the news site RealClearPolitics.
Mastercard denies report it plans to raise credit card fees on merchants, calls news coverage 'misleading'
Meanwhile, Visa also said in a blog post that recent press coverage on the issue was "misleading."
Visa, Mastercard reportedly plan to hike credit card fees for merchants
Many of the fee increases are for online purchases, the Journal said.
Mastercard blocks marijuana transactions on debit cards, citing federal illegality
Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States.
US retail sales grow 7.6 percent during holiday season
U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on...
Visa joins Mastercard, AmEx in specifically labeling gun store sales
Payment processor Visa announced Saturday its plans to separately categorize gun shop sales, joining Mastercard and American Express, which have already said they would categorize purchases at firearm stores.
'Destroying our livelihoods': Sex workers say Wells Fargo shut their bank accounts
“I don’t bounce checks, I’ve never done anything bad with my bank account, I don’t have fraud alerts or do chargebacks,” adult performer Alana Evans said.
Bill Ackman wants Visa to pressure Pornhub to ban child pornography
“My interest comes from the fact that I have four daughters,” Ackman said on Tuesday.
Gas stations reportedly put holds of up to $175 on card swipes as prices soar
US gas prices have surged so much in recent months that major payment processing firms have reportedly increased the size of credit “holds” placed on customer accounts when they pay...
Bronx congressman joins Dems in demanding Visa, Mastercard cut ties to Belarus
Seven Democratic lawmakers — including Bronx Rep. Ritchie Torres — are demanding Mastercard and Visa suspend business with Belarus amid the Russian invasion of Ukraine.
Holiday shopping surged despite Omicron, supply-chain snags
Holiday retail sales across the US surged to their biggest yearly increase in 17 years despite this season's humbugs.
Mastercard expands cryptocurrency services with wallets, loyalty rewards
Mastercard said on Monday it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them...
Mastercard will enable more merchants to accept cryptocurrency
Mastercard said it will enable more merchants to accept cryptocurrency by opening up its payment network to certain digital coins this year. The credit-card giant became the latest major company...
Mastercard, Visa investigate Pornhub business relationship following report
Credit card giants Visa and Mastercard said Sunday that they are investigating their business relationship with Pornhub after a prominent newspaper columnist alleged that the pornographic website shows videos of...
Holiday sales jump as online spending hits new record
American shoppers spent a record amount online this holiday season as overall retail sales jumped 3.4 percent, a new report shows. E-commerce sales spiked 18.8 percent from last year and...
Mastercard is assembling its own cryptocurrency team
Big payment companies face revolutionary pressures from the development of digital money. Mastercard, which is partnered with Facebook on its Libra cryptocurrency announced in June, is now putting together its...
Mastercard will allow transgender people to use chosen name
Mastercard will allow transgender people to use their chosen names on credit cards in an effort to combat discrimination at the cash register.