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Mastercard (MA) collaborates with Emirates NBD and Marriott Bonvoy to introduce co-branded credit cards and enable Cardholders to enjoy exclusive hotel stay benefits with the accumulated card spending points.
Mastercard is one of two giant payment processing companies that dominate the industry. As the use of card-based payments increases, Mastercard's business should grow along with it.
Merchants have taken legal action against Visa and Mastercard for allegedly colluding to keep fees high. A court ordered the companies to cut their rates, which could have a significant impact on revenue.
Mastercard (MA) expands the use of its Click to Pay solution in Australia and partners with Worldpay in a bid to reduce payment fraud.
MasterCard (MA) reachead $477.95 at the closing of the latest trading day, reflecting a +0.24% change compared to its last close.
Mastercard (MA) decides to lower credit card interchange rates for the next five years, thereby providing nationwide merchants with greater transparency on card acceptance programs.
U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard , Wall Street analysts said.
Visa (V) and Mastercard (MA) are to reduce their credit card swipe fees. Renita Young discusses this as the settlement comes after almost 20 years of litigation.
The card networks would cap credit-card interchange fees for five years as part of a settlement with merchants.
Visa Inc. (V) and Mastercard Inc. (MA) agreed to a settlement in a longstanding lawsuit that would lower the fees businesses pay to complete credit card transactions, and cap them from being raised until 2030.