Mastercard

Mastercard launches global plan to recycle credit cards

Pilot scheme to begin with British lender HSBC Mastercard offers to partner with every bank in the world Total cards in circulation more than 25 bln - analysts By Simon…

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U.S. retail sales grows 7.6% in holiday season -Mastercard data

Dec 26 (Reuters) - U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a…

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Mastercard launches next-generation identity technology with Microsoft to help more consumers shop online safely

Mastercard announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp. Now more than…

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Mar

Russian banks may issue cards with China’s UnionPay as Visa, Mastercard cut links

LONDON, March 6 (Reuters) - Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas after March 9, Russia's central bank said on Sunday, adding…

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Visa, Mastercard block Russian financial institutions after sanctions

U.S. payment card firms Visa Inc and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow's invasion of Ukraine. Visa said…

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British retailers declare war on Visa and Mastercard over transaction fees

Retailers have ramped up a battle against Visa and Mastercard with more than a dozen major brands logging fresh legal claims over card payment fees.The High Court writs, which count Levi,…

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UK court sets scene for $14 bln-plus class action against Mastercard

A London court approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard that claimants said could entitle 46 million British adults to roughly 300 pounds…

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India’s ban on Mastercard to hit banks’ card operations, income

India's decision to ban Mastercard Inc for non-compliance with data storage rules has unsettled the country's financial sector as it will disrupt banks' card offerings and hit revenues, payments and…

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Mastercard drops branding from Copa America amid COVID concerns

Mastercard Inc has decided to temporarily remove its branding from the Copa America amid criticism over a last-minute decision to host the soccer tournament in Brazil, which is struggling with…

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Mastercard to open up network to select cryptocurrencies

Mastercard Inc said on it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support. The…

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Mastercard to increase charges for UK purchases from EU – FT

Financial Times - Mastercard will increase fees more than fivefold when a British shopper uses a debit or credit card to buy from an EU-based company, sparking alarm among companies…

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UK Supreme Court enables £14 billion class action against Mastercard

LONDON (Reuters) -The UK Supreme Court on Friday allowed a 14 billion pound ($18.5 billion) class action to proceed against Mastercard for allegedly overcharging more than 46 million people in…

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Mastercard, Visa halt payments on Pornhub over allegations of child sex-abuse content

(Reuters) - Mastercard Inc and Visa Inc on Thursday stopped processing payments on Pornhub after a New York Times report last week that many videos posted on the adult website…

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Mastercard to investigate allegations against Pornhub

(Reuters) - Mastercard Inc said on Sunday it was investigating allegations against Pornhub.com following a newspaper column which said many videos posted on the adult website depicted The New York…

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Mastercard collaborates with Microsoft to accelerate innovation across digital commerce and startup ecosystems

.Mastercard and Microsoft Corp. announced a collaboration to shape the future of digital commerce, drive startup innovation and enable financial inclusion. The collaboration will accelerate Mastercard Labs’ cloud native research…

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Using your Mastercard with eCabs pays!

Bringing more value is one of eCabs’ main commitments. In line with this, eCabs are announcing a new cashback campaign in conjunction with Mastercard and Credorax. Customers using their Mastercard…

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Visa discloses FTC probe on debit transactions

Visa Inc said the Federal Trade Commission (FTC) has initiated an inquiry into whether the payments processor’s actions prohibited merchants from using other debit payment networks. Bloomberg reported on Wednesday…

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Mastercard, Visa and eBay quit Facebook’s proposed Libra global digital currency group

Facebook's proposed global digital currency has suffered a setback after major payment companies including Mastercard, Visa and eBay pulled out. Stripe and Latin American payments company Mercado Pago also announced…

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Poland: Companies buy adult magazine to shut it down, in an effort to empower women

For 27 years, “Your Weekend” – one of Poland longest running and most read adult magazines, reduced women to sex objects. So when it was put up for sale, Gazeta.pl, VMLY&R, MasterCard,…

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Mastercard adopts new policy for transgender and non-binary consumers

Mastercard has adopted a new policy aimed at reducing a major source of stress for transgender and non-binary consumers. The company is introducing the “True Name” card, which will allow card…

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Court ruling paves way for £14bn lawsuit against Mastercard

A £14bn lawsuit against Mastercard for imposing charges on UK consumers has moved a step closer towards proceeding after a court reversed an earlier decision by the Competition Appeals Tribunal…

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