New research supported by MasterCard not surprisingly shows most merchants would like all card brands to be forced to cap how much they charge for acceptance, not just bankcard brands. Who wouldn’t want their costs reduced? But under current pending legislation, such “three-party” networks as...
April showers bring May flowers … and consumer spending, as it turns out. MasterCard SVP Sarah Quinlan tells MPD CEO Karen Webster that spending by consumers remains strong, fueled by travel and increased spend in a retail category that may surprise you. Listen in to...
MasterCard announced that it has released its Ukash Travel Money Prepaid card designed to give UK tourists the best possible foreign exchange rate this summer, according to a company release. Launched by Ukash, a payments innovator, there are no charges for sign-up, transactions, or ATM...
MasterCard and eNett International announced earlier this week that they had extended their international partnership, and plan to redefine travel payments globally. According to a joint company statement, the two organizations have worked with travel agents, airlines, hotels and travel wholesalers to fine-tune their payments...
Russian President Vladimir Putin reportedly has signed amendments to a recently enacted law that make it easier for MasterCard and Visa to remain operating in that country. Specific details, remain sketchy, and there may be a $3 billion string attached to the deal.
An inaugural quarterly fraud-index report from online-payments provider 2Checkout identifies Discover and Diners Club credit cards as experiencing the most amounts of fraud and Acculynk payments as having the least fraudulent activity. Discover and Diners Club scored a fraud-index rate of minus-75, indicating that consumers...
MasterCard is extending its zero-liability policy in the U.S. to include all MasterCard PIN-based purchases and ATM transactions, the company announced May 28. The network has provided similar protections on signature debit and credit card transactions for quite a while. The major card networks have...
Visa and MasterCard on May 23 reportedly indicated they plan to stay in Russia, despite a new law that could cost them billions to remain. Representatives from both card networks met with members of the Russian government earlier in the day. “In any situation, we...
According to a source close to the reported negotiations, Sberbank considered the possibility of buying the Maestro brand from MasterCard, but the latter refused to sell, reports the KyviPost. The news comes from the sidelines of St. Petersburg International Economic Forum. The rejected move by the...
