Teen pop sensation Justin Bieber will plug a new prepaid debit card, according to BillMyParents, a financial company that focuses on a trackable and reloadable MasterCard that promotes responsible teen spending habits.
Groupon is throwing itself into the crowded field of mobile payments systems, promising merchants a guaranteed lowest cost option for accepting credit cards.
The National Retail Federation said today it has the go-ahead from its Board of Directors to seek a court-ordered injunction against the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard “swipe fees.”
Google’s quickly expanding piece of the mobile-payments space is capturing headlines and causing consumers to ponder the security of storing credit and debit card data in their smart phones.
Visa, MasterCard and some of the top U.S. banks have reached a $7.25 billion settlement on behalf of about seven million U.S. merchants who charged price-fixing among the issuers of credit cards and debit cards.
PayPal’s venture into offline, in-store retail transactions has made significant strides, signing deals with 15 retailers to add its payment system.
MasterCard is introducing PayPass Wallet Services, a new mobile payment platform for merchants, banks and partners that allows consumers to make purchases in stores or online with a “simple click of the mouse, touch of the tablet screen or tap of the smartphone.”
The United States – along with Singapore, Canada, Kenya and South Korea – are the most prepared markets for all forms of mobile payments, according to a new index from MasterCard Worldwide.
Average fees that big banks charge merchants for each debit card transaction on Visa, MasterCard or other networks have dropped from 43 cents to 24 cents, a 45 percent decline, according to new data from the Federal Reserve.
MasterCard’s profit in the first quarter jumped 25 percent as more consumers uses their credit and debit cards, especially in overseas markets.