MasterCard‘s ‘PayPass’ is Newest e-Wallet Service
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, ...
Visa, MasterCard ‘Swipe Fees’ on Merchants Fall 45%: Fed
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 ...
Justice Officials Probe Visa’s ‘Competitive Responses’ to Reform
Visa, the world’s largest payment network, revealed today that the U.S. Justice Department is investigating changes to its debit card processing system in response to reform rules on so called merchant “swipe ...
Average Rate on Credit Card Offers Holds at 14.91%
The average annual percentage rate (APR) on new credit card offers was unchanged this week at 14.91 percent from the previous week, according to the CreditCards.com.
The average is composed of 100 of the most popular ...
Smart Phone Swiping Could Replace Cards, Cash by 2020
By 2020, swiping with smart phones or other devices will gain mainstream acceptance as a method of payment and could replace cash and credit/debit cards for most online and in-store purchases.
That is the consensus ...
U.S. Data Theft Involved 1.5M Credit, Debit Cards
As many as 1.5 million credit card and debit card numbers – from Visa, MasterCard and other brands – may have been stolen from the Atlanta-based, third-party payments processor Global Payments, the company said ...
Visa, MasterCard Alert Banks to ‘Massive’ Card Data Theft
Visa, MasterCard and Discover have alerted banks about a potentially large-scale security breach at an Atlanta-based credit card processor.
The theft of credit card data involves possibly the accounts of tens of ...
Visa Profit Up 21% as Credit, Debit Card Use Rises
Visa, the top payments processor, rode higher credit and debit card usage to a fiscal first-quarter profit 21 percent above a year earlier, showing some resilience to new limits on “swipe fees” mandated by Wall ...
More Credit, Debit Usage Lifts MasterCard Profit 24%
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 ...
eBay’s PayPal Going In-Store at Home Depot, Other Retailers
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 ...
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