April 3, 2024 by MMR
credit card fees, MasterCard, swipe fees, the Merchants Payment Coalition, Visa
Leading Headlines, Money, Retail News, Topics
WASHINGTON – Almost immediately after agreeing to reduce “swipe” fees charged to merchants to process credit card transactions, Mastercard plans to increase fees for both credit and debit card transactions by more than $250 million this month, the Merchants Payments Coalition said Wednesday. “This new increase proves the credit card companies are continuing to take
June 19, 2023 by MMR
MasterCard, The Credit Card Competition Act, Visa
2023, Issue 06-19-2023, Issues
WASHINGTON — U.S. retailers and industry groups representing them are lauding the latest bipartisan effort to diminish the power of credit card giants Visa and Mastercard. The move comes as lawmakers in the Senate and House reintroduced The Credit Card Competition Act, which allows merchants to get a choice of at least two routing networks
June 7, 2023 by MMR
credit card swipe fees, MasterCard, National Retail Federation, Visa
Leading Headlines, Retail News
WASHINGTON – The National Retail Federation today called on Congress to address credit card “swipe” fees by passing legislation allowing retailers to route transactions over competing networks offering lower fees and improved security. “It’s time for big banks and global card networks to compete the same as small businesses do every day,” Stephanie Martz,
September 2, 2021 by MMR
InComm Payments, MasterCard, MetaBank, Scarlet, Walgreens
Leading Headlines, Money, Retail News
DEERFIELD, Ill. – Walgreens and InComm Payments have launched Scarlet, a bank account and debit card powered by Mastercard and issued by MetaBank, and available exclusively at Walgreens. Scarlet provides tools to help account holders build healthy financial habits, earn rewards, and save on future purchases. It will be available at more than 9,000 Walgreens
March 16, 2021 by MMR
debit card, MasterCard, swipe fee, Visa
Leading Headlines, Retail News
WASHINGTON — Citing the continuing effects of the coronavirus pandemic on businesses, Visa Inc. and Mastercard Inc. said they will hold off on increasing interchange fees for merchants until next April. The move was applauded by the Merchants Payments Coalition (MPC), which represents supermarkets, retail pharmacies, convenience stores, gasoline stations, online merchants and others in
January 13, 2021 by MMR
MasterCard, Synchrony, Walgreens
Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens is expanding its financial services offering in partnership with Synchrony and Mastercard, as part of its ongoing commitment to offer differentiated health care services and benefits to customers. In the coming months, Walgreens will launch credit cards, issued by Synchrony, as well as a prepaid debit card, both of which will
January 14, 2019 by Jeffrey Woldt
Jeffrey Woldt, MasterCard
2019, Issue 01-14-2019, Issues, Opinion
The just concluded holiday selling season was a good one for most retailers. Ample anecdotal evidence of strong consumer demand was confirmed shortly after Christmas in a report issued by Mastercard. Based on tracking of retail activity within the credit card company’s network, supplemented with survey-based projections for such forms of payment as cash and
June 30, 2016 by MMR
appeals court, class-action lawsuit, credit card swipe fees, MasterCard, Visa
Featured Articles, Leading Headlines, Retail News, Topics
NEW YORK — An appeals court ruling has struck down the 2012 settlement of a class-action lawsuit over credit card swipe fees imposed by Visa and MasterCard. The settlement had been opposed by a significant portion of the retail industry. The case originated in a 2005 lawsuit filed by 19 retailers and trade associations against
December 14, 2015 by MMR
data breach, MasterCard, Target Corp.
2015, Issue 12-14-2015, Issues
MINNEAPOLIS – Target Corp. will pay $39.4 million to settle claims by banks and credit unions that said they lost money due to Target’s data breach in 2013. Filed earlier this month, the settlement ends class-action claims by lenders seeking to hold Target responsible for money it had to pay out in reimbursements for fraudulent