Credit Card Expertise

Your wallet is likely filled with plastic of all stripes: debit and credit cards from Citi or Chase or Capital One. "But in the lower right-hand corner, hopefully you have a little mark for MasterCard," says MasterCard SVP Ed Olebe. "So why don't we bring that same approach to the digital space?" Toward that end, the financial company today announced PayPass Wallet Services, an agnostic suite of tools designed to simplify the digital...  

On the eve of the CTIA Wireless mobile trade show, MasterCard—one of the leading credit-card companies behind fledgling mobile-wallet-payment systems (including Google Wallet)—announced its own service, PayPass Wallet. PayPass Wallet will work with smart phones that support wireless NFC (near-field...  

American Express is all over the deals and promotions space, with its Link Like Love campaign on Facebook; Twitter offers; and Geo-based deals on FourSquare. Its Serve product also has been providing deals for AOL’s Patch.com. Until now, there has been little response from the bank-owned credit card companies: MasterCard or Visa. Today, MasterCard announced ...continue reading »  

This week, two of the major players in the credit card industry, Visa and MasterCard launched their online digital wallet services. Known as V.me (Visa's) and PayPass Wallet Services (MasterCard), both are very similar initiatives which see the companies clamoring to become the credit card of choice for digital transactions, the way they fight today to be the credit card for all the other transactions taking place out there in the real world...  

ORLANDO — Don't call MasterCard (MA) a one-trick pony, says chief product officer Timothy Murphy. In the wake of the financial crisis, MasterCard "has really transitioned from being principally a credit card company that also did some debit to a much ...  

In the wake of the financial crisis, MasterCard “has really transitioned from being principally a credit card company that also did some debit to a much more holistic payments company,” Murphy told American Banker in an interview Wednesday. The network ...  

's Paypass is already one of the biggest names in contactless payments, but it appears that the credit card company is looking to making a bigger bid at controlling a large portion of the mobile payment market. Mastercard unveiled Wallet services for Paypass on Monday - an ambitious plan to roll together in-store NFC purchases, ...  

EPAYMENTNews1 new result for "Near Field Communications" MasterCard expands PayPass wallet service into a platform GigaOMThe PayPass Acceptance Network will allow merchants to handle electronic payments both online and contactless using near field communications. PayPass Wallet gives consumers a way to pay for things using any number of credit, debit and pre-paid cards ...See all stories on this topic »  

MasterCard WorldWide announced a digital wallet on Monday that consumers will be able to use for purchases in stores, on the Web and on their mobile phones. The global credit-card company's entry into digital wallets will tie into its PayPass point-of-sale ...  

MasterCard (Photo credit: Wikipedia) This Mother’s Day, MasterCard “World Beyond Cash” Survey Finds More Americans Plan to Pay for Mom’s Gift Electronically MasterCard also announces sweepstakes for people who use “Cash Less”; to tweet this news, copy and paste http://bit.ly/IHYjRq to your Twitter handle with the hashtag #CashlessConvo PURCHASE, N.Y.--(BUSINESS WIRE)--Americans are using less cash today than they did 10 years ago...  

The trends are worrisome for both companies. Visa and MasterCard make money by charging processing fees, so they need people to use their credit cards more. The companies could make up some of the decline from debit card usage. But most banks ...  

Most rewards credit cards only let you redeem rewards over the phone or the internet. Citi has introduced a credit card with new technology that allows you to redeem your ThankYou rewards right at the register, just by pressing a button on the credit card. Cool, right? Learn more about the Citi ThankYou 2G Card With Request Rewards. More Citi Credit Cards Citi Simplicity MasterCard Review Citi Dividend Platinum Select MasterCard...  

(RTTNews) - Credit and debit card payment processor MasterCard Inc. (MA: News ) reported Wednesday a 21 percent increase in profit for the first quarter, as strong growth in volumes and processed transactions boosted its revenues. Both earnings per share ...  

MasterCard, the world's second-largest credit and debit card network, reported higher quarterly profits as consumers spent more with their cards. Net income in the first quarter was $682 million, or $5.36 a share, compared with $562 million, or $4.29 a ...  

PURCHASE, N.Y. -- A rise in credit card use helped MasterCard post a 21.2 percent increase in first-quarter profit, the company said Wednesday, adding that revenue grew 17.1 percent to $1.76 billion, beating forecasts. The results were "driven by an ...  

Domain Name Wire Friday, April 27th, 2012 WIPO arbitration panel finds against Mastercard on “Priceless” claims. A World Intellectual Property Organization panelist has ruled against Mastercard in a dispute over domain names related to its “Priceless” trademark. The credit card company filed complaints againstpricelessistanbul.com andpricelessamsterdam.com, saying they violated their trademark rights. In both cases the owner of the...  

A major security breach is currently under investigation. CBS News' Alexis Christoforous reports that the credit card companies are scrambling to regain control.MasterCard, VISA cardholders could face security breach SAN DIEGO (AP) -- Authorities say a ...  

Eric Savitz / The Tech Trade: Priceless: MasterCard Sets Plan To Enter The Daily Deals Sector  —  MasterCard this morning announced that it plans to enter the daily deals business via a partnership with a Chicago-based company called Local Offer Network.  —  The credit-card giant said that the idea is to …  

MasterCard Inc. (MA) is launching a new service offering its bank and merchant clients a way to deliver targeted deal offers to consumers, making the credit-card processor the latest company to charge into the daily-deals arena. The rapid growth ...  

MasterCard Inc. (MA) awarded President and Chief Executive Ajay Banga $8.3 million in compensation for 2011 as the credit-card processor grew its profit while grappling with new curbs on debit-card processing fees. Banga, who joined MasterCard ...  

Credit card giant MasterCard is debuting a new study today, called the MasterCard Mobile Payments Readiness Index, which analyzed 34 countries and their readiness to use three types of mobile payments: person to person, mobile commerce and ...  

MasterCard Inc. (NYSE:MA) is launching a new service offering its bank and merchant clients a way to deliver targeted deal offers to consumers, making the credit-card processor the latest company to charge into the daily-deals arena. The rapid ...  

NEW YORK - Americans have reached for their credit cards less often this year. That's bad news for Visa and MasterCard, which report their quarterly earnings Wednesday. MasterCard is scheduled to report results before the stock market opens ...  

We expect the company to report strong results with a positive outlook for the credit card industry, largely due to increased consumer spending and consequently higher transaction volumes. MasterCard is well-positioned to benefit from the ...  

Learning to live without credit cards is difficult. I got my first credit card at the age of 19 for emergency purposes. I never had a lot of money in the bank and if my car broke down or some other expensive event happened, I wanted to have the funds available. That one credit card soon ballooned into six credit cards and $8,700 worth of credit card debt. It was a combined bill of $400 and ...  

? Since folks have fallen back in love with their credit cards, putting $48 billion in new debt on credit cards in the fourth quarter of 2011 alone, CardHub.com?s look at the credit card landscape for the first quarter of this year is worth a peek. First the good news. Zero percent introductory offers are ...  

MasterCard is making the case for eliminating cash — not because credit is better, but because it’s cheaper. The credit card company, located in aptly named Purchase, New York, explained in a blog post today that cash is expensive and ...  

Credit Cards » Who Needs To Take An EMV Credit Card Abroad? In the year since the first major issuer debuted an EMV credit card for U.S. consumers, a handful of national banks and credit unions have rolled out their own versions.  

A Montreal-based gang has targeted banks and stores in British Columbia and across the West in a wave of credit- and debit-card crime a Vancouver Crown prosecutor describes as a "tsunami fraud," CBC News has learned.  

Two separate credit card issues have some shoppers feeling a bit nervous. Here is who was affected, and what the companies and regulators are doing to fix the problems.  

Credit card company christens HTC, RIM, Samsung and Nokia devices as safe to use for contactless payments.