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Visa, Mastercard reach $30 bn settlement over card fees

Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants, with some savings likely to be...

Cap proposed on Mastercard, Visa cross-border fees

LONDON: Britain's payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees charged by Mastercard and Visa on transactions made between the...

Mastercard moves to ban cannabis purchases

Mastercard has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes...

Mastercard forecasts downbeat revenue growth on economic slowdown

Mastercard's current-quarter revenue growth forecast fell short of Wall Street estimates, fanning fears that the card company was heading into a much tougher environment...

Mastercard warns of inflation pinch

Mastercard warned on Thursday that runaway inflation was sapping spending from lower-income customers, after rounding out a strong quarter for card issuers. Consumers across the...

Mastercard rolls out new program

Mastercard unveiled on Tuesday a buy now, pay later (BNPL) program that will allow consumers to pay for online and in-store purchases through equal...

Mastercard fights bid to add 14 million dead customers to class action

“A claim cannot be brought in the name of a deceased person,” Mark Hoskins, representing Mastercard, said at the hearing

Mastercard to open up network to select cryptocurrencies

Asset manager BlackRock and payments companies Square and PayPal have also recently backed cryptocurrencies

Facebook’s Libra faces support test

Mastercard and Visa abandoned the Geneva-based Libra Association on Friday, as did eBay, fintech startup Stripe and payments company Mercado Pago

Visa, Mastercard mull increasing fees for transactions

Visa Inc and Mastercard Inc, the two biggest US card networks, are preparing to raise certain fees levied on merchants for processing transactions from this April

Nisar suspends accord between Nadra and Mastercard

ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Thursday ordered to suspend an accord between National Database and Registration Authority (Nadra) and financial services...

Mastercard starts biometric payments – with a selfie!

PARIS: Shoppers in a dozen European countries can make online payments using a selfie from Tuesday, under a rollout by Mastercard of new payment technology. Removing...

Bangkok edges out London as world’s top travel destination: Mastercard

The Thai capital of Bangkok has beaten London to be crowned the world's most popular travel destination this year, according to an annual ranking by global payments and technology company Mastercard released on Thursday.

Mastercard sued for $19 billion in Britain’s biggest damages claim

LONDON, UNITED KINGDOM: Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard (MA.N) demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, according to court documents filed in London.

FIFA fires Secretary General Valcke

ZURICH: FIFA said on Wednesday it had fired Secretary General Jerome Valcke amid alleged corruption involving World Cup ticket sales, one of many scandals surrounding soccer's governing body.

US MasterCards will soon work in Cuba

WASHINGTON: MasterCard in March will begin processing transactions made on US-issued cards in Cuba, becoming the first major credit card company to do so since Cuba and the United States started to normalize relations.

Showtime for Apple: Big phones, smart watches and high expectations

SAN FRANCISCO: It has been four years since Apple Inc introduced a completely new gadget and the pressure is on for the world's largest tech company to wow at its "special event" in Cupertino, California, on Tuesday.

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