CURA_1170x120

MasterCard

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