Consumers relying more on their MasterCard for credit and debit purchases helped the second largest payments processor see a net income of $514 million, or $4.03 a share, in the fourth quarter of 2011 – that’s ...

PayPal, eBay Inc.’s e-commerce payment provider, is taking on Visa and MasterCard in the off-line world of in-store purchases, and it will start with 2,000 Home Depot stores. By March, customers with PayPal accounts ...

Credit and debit card spending is climbing worldwide as payment-processing giant MasterCard today reported a healthy third-quarter profit that beat estimates, following a similarly solid earnings result last month ...

Visa and MasterCard have agreed to allow merchants to encourage customers to use lower cost credit or debit cards — and potentially provide rebates or discounts for doing so — under a settlement with ...

Bolstered by jumps in international credit and debit card transactions, MasterCard posted a second quarter earnings increase of 31 percent. The No. 2 payments processor said today that net income climbed to $458 ...

Retailers large and small are closer to a years-long goal of lower “interchange fees” – the per-transaction cost charged by banks on the MasterCard and Visa debit cards used by customers. But under a new compromise, ...

Beginning June 1, credit and debit card processors must have “reasonably designed policies and procedures” in place to detect if U.S. transactions are tied to bets placed with Internet gambling sites, according ...

As a contingent of House Democrats scramble to push a framework for legalizing and taxing online gambling, Internet poker parlors and other betting sites are bracing for June 1 – the effective date of a 2006 U.S. ...

After years of attempting to even get a bill on the floor of Congress, business groups finally saw enough support to draw a bipartisan vote in the Senate for the first-ever regulation over the fees charged merchants ...

A leading Democratic senator wants the Federal Reserve to determine if interchange fees -  charged businesses every time a customer uses a credit or debit card – are “reasonable and proportional” to the costs ...