Substantial Payout to Retailers Looms for Visa, MasterCard

Credit Cards

Substantial Payout to Retailers Looms for Visa, MasterCard

Substantial Payout to Retailers Looms for Visa, MasterCard

The controversial settlement between a number of retail groups and the world’s two largest processors of debit and credit card payments is set to move forward after receiving preliminary approval, but objections to the deal still linger. U.S. District Court Judge John Gleeson recently said that the antitrust settlement between merchants groups and both Visa… Read More

MasterCard’s Newest Creation: A Credit Card With a Keypad

Credit Cards

MasterCard’s Newest Creation: A Credit Card With a Keypad

MasterCard’s Newest Creation: A Credit Card With a Keypad

Many companies have been trying to make credit card transactions safer for consumers in recent years, and one of the world’s largest payment processors might just have a new solution. MasterCard, the world’s second-largest processor of debit and credit transactions, recently unveiled a new “display card” technology that could make it far easier for users… Read More

New Data Show Consumers Using Their Plastic More Often

Managing Debt

New Data Show Consumers Using Their Plastic More Often

New Data Show Consumers Using Their Plastic More Often

While people around the world are still reeling from the recent recession, many consumers now feel they’re in a better position to handle added debt and spending, and that was reflected in third-quarter statistics from the world’s second-largest card payment processor. MasterCard saw the number of transactions it handled on its branded debit and credit… Read More

MasterCard to Begin Selling Customer Data

Credit Cards

MasterCard to Begin Selling Customer Data

MasterCard to Begin Selling Customer Data

Many consumers use their credit and debit cards on a daily basis to make all sorts of purchases, and now it seems one of the world’s largest processors of those purchases is willing to sell consumer data to advertisers. MasterCard – the world’s second-largest processor of debit and credit card transactions, handling 34 billion per… Read More

Verizon’s $2 Fee: Can They Do That?

Credit Cards

Verizon’s $2 Fee: Can They Do That?

Verizon’s $2 Fee: Can They Do That?

When I heard today about Verizon’s announcement that it will charge a $2 convenience fee for debit and credit card payments made online or by phone, my first reaction was one of outrage. I am a Verizon customer who pays online with plastic, and I don’t want to pay an extra $24 a year for… Read More

Profits Climb for MasterCard on More Spending

Credit Cards

Profits Climb for MasterCard on More Spending

Profits Climb for MasterCard on More Spending

Profits for MasterCard rose 33 percent to $608 million during the second quarter of the year, up from $458 million in the same period last year, as consumers used the company’s branded debit and credit cards more frequently, according to a report from the Wall Street Journal. During this period, revenues increased 22 percent to… Read More

Credit Cards that Help You Build a Nest Egg

Credit Cards

Credit Cards that Help You Build a Nest Egg

Credit Cards that Help You Build a Nest Egg

It’s June and that means a lot of weddings are taking place. If you’re a newlywed, it might not sound very romantic to discuss finances so soon after a dreamy ceremony. But getting old and then facing a lousy retirement together doesn’t sound romantic either, does it? It’s so much better to grow old together when you can afford… Read More

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