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
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
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
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
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 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
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
Retailers are no doubt popping open the champagne to celebrate the Department of Justice’s settlement of a lawsuit challenging rules that American Express, MasterCard and Visa
Americans borrowed less because they had to, since credit card companies raised their interest rates even as personal income and credit limits dropped.
American Express has recently launched The Members Project, where it will contribute $1 for every AMEX cardholder who registers for the project by August 5, 2007 – up to a total of $5 million. Registration is free, and as best as I can tell, there are no costs for participants.