Mastercard

Mastercard £14bn 'overcharge' legal action fails

<b>A £14bn class action lawsuit against Mastercard has been thrown out by the Competition Appeals Tribunal.</b><p>The former financial ombudsman, Walter Merricks, had claimed that 46 million consumers had been overcharged by Mastercard over a 16-year period.<p>But the court ruled that the case could not proceed …

Business

Ethereum Price Jumps After Mastercard Joins

Share Email<p>Cryptocurrency Ethereum price has jumped more than 50 percent, recovering from losses over the last several days.<p>According to a report, …

Cryptocurrency

Mastercard and Scotiabank join Enterprise Ethereum Alliance

Mastercard, Cisco and Scotiabank have added their weight to the Enterprise Ethereum Alliance as part...

Banking

Credit card fees to be banned from January

Extra charges for card payments are to be banned, the government has said, saving UK consumers hundreds of millions of pounds.<p>From next January, …

Banking

Ethereum Enterprise Alliance Welcomes Big Names Including Mastercard And Cisco

Interesting things are happening for the Ethereum Enterprise Alliance these days. This open-source blockchain initiative is attracting a lot of …

Ethereum

Why Visa And MasterCard Earnings Can Beat Expectations

<b>Barclays' Darrin Peller</b> is out with an update on credit card companies Monday, in which he raised his target prices on both <b>MasterCard</b> (MA) and <b>Visa</b> …

Markets

Will India choose Rupay over Visa, Mastercard?

RuPay has 42% of total debit cards, but contributes only 16% of PoS, e-commerce transactions. With banks scheduled to renew deals with Visa, …

Banking

Hold Onto Your Wallet, The Cashless Quest Just Surged Forward

While the Internet was on fire yesterday about the fact that tennis star Serena Williams once tried to deposit a check for $1 million dollars via a bank drive-thru ATM, such stories about such procedures around money exchange may soon disappear quicker than a post on Snap. In fact, the very day …

Banking

With APIs, Mastercard Looks To A 'World Beyond Plastic'

Share Email<p>Could APIs be the great payment equalizers? One major payment company is ready to take that chance in an effort to expand the reach of its …

Banking

Mastercard’s new credit card has a built-in fingerprint scanner

Instead of using a PIN or signature to authorize a payment, you scan your fingerprint<p>The rise of mobile payments has made buying things with your fingerprint commonplace, so why not put that technology in a credit card? Mastercard thinks it’s worth a shot, and has built a credit card with a …

Banking

​Sydney commuters can choose Mastercard over Opal for ferry trial | ZDNet

Transport for NSW has launched a trail that will see commuters using a Mastercard card or mobile wallet to tap 'on-and-off' ferries in …

Banking

Tequila, Switchblades, and Big Credit Card Balances: A Tale of Scott Walker

×<p>Scott Walker for Governor<p>Scott Walker on his "brown bag" bus tour, which was meant to illustrate his financial responsibility. Whoops.<p>When Wisconsin …

Liberal POV

Visa and Mastercard potential suitors for Denmark's Nets: analysts

(Reuters) - Visa (V.N) and Mastercard (MA.N) are both seen as suitors for Danish card payment services company Nets A/S (NETS.CO), which confirmed over the weekend it had been approached by potential buyers.<p>Analysts at Morgan Stanley and Nordea Equity Research both said the U.S. giants could be …

News (U.S.)

Five amazing things to do with Mastercard’s one million miles

If you suddenly had one million Mabuhay Miles, what would you do?<p>For one, you’d probably spend less time planning and more time traveling. You could …

Philippines

Visa vs Mastercard: One Is A Buy, The Other Isn’t

As far as most consumers are concerned, there is no real difference between <b>Mastercard</b> (MA) and <b>Visa</b> (V). The two are both widely accepted in over two …

Banking

Visa, MasterCard, PayPal Under Pressure To Halt Extremist Funding

An action group pressuring payment entities to block funds destined for white supremacists has successfully lobbied PayPal and is going after Visa …

Banking

MasterCard bags TSB as a customer in a win for its digital operations

LONDON — TSB plans to switch all its customers from Visa debit cards to MasterCard from 2018, a major win for the card issuer in the UK.<p>TSB, which was spun out of Lloyds in 2013, will reissue debit cards to all of the bank's current account customers in 2018 as part of a 7-year deal with MasterCard.<p>…

Business (UK)

Allianz and Mastercard Join Forces for Faster Payments

<i>PHOTO: Travel insurance transactions get faster with push payments. (photo courtesy of Thinkstock)</i><p>The speed of your refund can be of the utmost …

Banking

Merchants given right to apply Visa, MasterCard surcharges

Retailers will be able to charge customers extra for using Visa or MasterCard to pay for their purchases under settlements of a class-action lawsuit, threatening to leave some consumers with bigger bills.<p>Visa and MasterCard this week issued separate but similar $19.5-million settlements each in a …

Business (UK)

Drive to hit sales goals sees bank employees put customer's finances at risk, committee hears

MPs told of bank employees selling Canadians products they don't need, loans they can't handle<p>Canadians are being sold banking products they don't …

Bay Street

First international remit pay service launched in Ethiopia

Kifiya works with Mastercard to launch first international remit to pay service in the Ethiopian market as first step. (image: …

Banking

New Credit Stats Bode Well for MasterCard, Visa

America is awash in credit cards again. Credit scores just hit a record high and the number of cards in circulation is back at pre-recession levels. …

Credit Cards

What should you do now Travelex is closing Supercard?

<b>Travelex announced yesterday that it is closing Supercard, its 0% foreign exchange fee payment card.</b> Your card will cease to work on 24th …

Banking

Mastercard's plan for new African consumers

Mastercard's president of MEA, Raghu Malhotra, talks about new digital payment systems the company is launching across Africa.

Africa

How The On-Demand Economy Is Reshaping Traveler Expectations

<i>The rise of the On-Demand Economy, where goods and services are only a click away, has fundamentally changed the expectations of the modern consumer:</i> …

Travel

How Mastercard Plans to Make Chip-and-Pin Payments Speedier

Mastercard has developed a new method intended to make chip-and-pin transactions faster, and the financial giant is partnering with Verifone and …

Banking

Chip cards may be getting faster thanks to Mastercard’s M/Chip Fast technology

Why it matters to you<p>Chip cards may be secure, but chip readers don't seem that efficient. Luckily, Mastercard is teaming up with payments providers …

Banking

Mastercard aims to speed up your chip-and-PIN payments

Chip cards are ultimately faster than paying with a magnetic stripe and a signature (or worse, a check), but they're sometimes slow -- and it's bad enough that Mastercard wants to do something. The company is partnering with Verifone and Global Payments to build its speedy M/Chip Fast technology …

Business (UK)

$10 off of $50 Mastercard (and other gift cards) at ACME / Safeway / Albertson's / Von's

Several supermarket chains participating in “Just4U” Rewards (ACME Markets, Safeway, Von’s, Albertson’s, etc) have an offer out this week for an</b> …

Banking

China Opens Market Access to U.S. Credit-Card Networks

Markets reacted coolly to what could be great news for card networks Visa and Mastercard given the U.S.-China access agreement announced late Thursday.<p>While China opening market access to these firms and others could be a significant victory for the companies, investors have seen this play out …

Banking