Mastercard – News Stories About Mastercard - Page 3

MARKETS

Jan 11, 2008 3:25 PM CST

Dow Tanks on Consumer Woes

Index nosedives after more bad news about spending

(Newser) - The Dow plunged 246.79 points to 12,606.30 today as investors, worried about consumer spending, fled retailers and credit-card issuers. Analysts are concerned the mortgage crisis has finally hit pocketbooks, hurting credit, jobs, and public confidence, the Wall Street Journal reports.The Nasdaq slid 48.58 to close...

PayPal Swiping
Credit Card Market

Nov 21, 2007 1:05 PM CST

PayPal Swiping Credit Card Market

Fraud-wary consumers turn to alternative payment methods

(Newser) - With identity theft jumping 50% since 2003, more people are turning from credit cards to Internet-based payment services like PayPal and Google Checkout for online purchases and, increasingly, everyday transactions, Business Week reports. Roughly 30% of US online shoppers used an alternative payment service last year. "Consumers are afraid...

Now PayPal Is Everywhere MasterCard Is

Nov 20, 2007 10:16 AM CST

Now PayPal Is Everywhere MasterCard Is

New service aims to protect financial info, simplify shopping

(Newser) - PayPal is offering a new way for customers to pay on sites that don't normally accept the service. PayPal Secure Card creates a new MasterCard number for every transaction and retrieves members' payment information from their PayPal accounts. "From a merchant's perspective this looks like any other MasterCard transaction,...

Visa Heads for Biggest IPO in US in Years

Nov 10, 2007 12:18 PM CST

Visa Heads for Biggest IPO in US in Years

Offering expected early next year could surpass $10B

(Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion...

Visa Settles $2.25B AmEx Suit

Nov 8, 2007 8:28 AM CST

Visa Settles $2.25B AmEx Suit

Antitrust settlement could be largest ever

(Newser) - In what could be the largest settlement ever to resolve an antitrust lawsuit, Visa has agreed to pay American Express up to $2.25 billion for blocking member banks from offering rival credit cards, the AP reports. The deal helps clear the way for Visa’s IPO, expected early in...

TJX Data Breach Exposed 94M Credit Cards

Oct 24, 2007 7:15 PM CDT

TJX Data Breach Exposed 94M Credit Cards

Still no arrests after up to $83M is spent with stolen numbers

(Newser) - Cyber thieves have pinched 94 million credit cards from a discount retailer—double the last estimate—and spent up to $83 million as far as Hong Kong and Sweden, the AP reports. Banks are now suing the retailer, TJX Cos., to recover their losses. But those losses keep growing: "...