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Visa, Mastercard reach $38B swipe fee settlement, draw opposition
Visa and Mastercard proposed an antitrust settlement to lower swipe fees after a judge rejected a deal; retail groups say it’s inadequate.
Relief for Marylanders is waiting with the Credit Card Competition Act
Maryland merchants and consumers face rising swipe fees. The Credit Card Competition Act could bring relief by boosting payment network competition.
MasterCard sets new standards for payroll cards
PURCHASE, N.Y. — MasterCard has set new standards for its payroll cards, and says it says should help employees take better advantage of its benefits. Payroll cards, which are similar […]
Last-ditch effort to stop $6B fee fixing settlement
NEW YORK — A group of retailers and trade groups has launched a last-ditch effort to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and […]
Groupon launches payments service
NEW YORK — Groupon launched a payment service Wednesday that allows businesses to accept credit cards using an iPhone or iPod Touch, becoming the latest company to enter the growing […]
Retail group says it opposes card fee settlement
NEW YORK — The National Retail Federation is opposing a proposed $7.25 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee […]
Lawyers wary of charging ‘swipe fees’
In the wake of a proposed settlement between credit card-issuers Visa and MasterCard and merchants that would allow vendors to pass along “swipe fees” to their customers, lawyers who accept credit card payments are grappling with the issue of whether such up-charges are a good practice.
Settlement has merchants unsure
About 80 percent of Lisa Ponzoli’s customers pay for their purchases with credit cards.
Data breach affected up to 1.5 million cards
A company that processes credit card transactions said Monday that as many as 1.5 million card numbers were compromised in a data breach early last month. The CEO of the […]
Google adds Visa, Amex, Discover cards to Wallet
NEW YORK — Google’s Wallet is getting thicker, with the addition of Visa, American Express and Discover to the search company’s payment system, which aims to make cellphones the credit […]
Capital One to buy HSBC U.S. credit card arm
MCLEAN, Va. — Capital One Financial Corp. said Wednesday that it will buy the U.S. credit card arm of Britain’s HSBC for a premium of about $2.6 billion as a way […]
Slow start to spring projected for retailers
NEW YORK — A late Easter, lingering cold weather and rising gas prices are squeezing discretionary spending this spring, according to data being released Wednesday. Figures from MasterCard Advisors’ SpendingPulse […]
