MasterCard

Walgreens launches bank account, debit Mastercard

Walgreens launches bank account, debit Mastercard

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

Merchants welcome delay in ‘swipe fee’ increase

Merchants welcome delay in ‘swipe fee’ increase

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

Turbulent times for retailers

Turbulent times for retailers

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

Court rejects Visa, MasterCard settlement

Court rejects Visa, MasterCard settlement

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