PURCHASE, N.Y.–(BUSINESS WIRE)–Jul. 13, 2012– MasterCard Incorporated (NYSE: MA) has agreed to a Memorandum of Understanding (MOU) to settle the current U.S. merchant class litigation. The MOU has been executed by all of the defendants – which include MasterCard, Visa and a number of banks – and the court-appointed class counsel for the merchants. Separately, …
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BRUSSELS–(BUSINESS WIRE)–May. 24, 2012– MasterCard Europe today announced its disagreement with today’s judgment of the General Court in Luxembourg concerning cross-border interchange fees and said that it intends to appeal the judgment. Commenting on the judgment, Javier Perez, President, MasterCard Europe said: “MasterCard balances the interests of both consumers and retailers, so that each party …
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You may have heard about today’s decision by the European Court in Luxembourg regarding the fees merchants pay to accept credit and debit card payments – specifically on cross-border transactions in Europe. As you can imagine, we are disappointed by the result and intend to appeal the judgment. There will be no change in our commitment …
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TORONTO, May 8, 2012, 2012 (Canada NewsWire via COMTEX) –The MasterCard Canada rules that the Canadian Competition Bureau has challenged were established to protect consumers and ensure the efficient operation of the MasterCard payments system. We function in a very competitive market and compete every day for consumer preference and merchant acceptance. If successful, the …
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Straight Talk at the Gas Pump

April 12, 2012 10:25

This week, you may have seen some reports that blame payment card fees for higher gas prices Americans are facing today.  However, that couldn’t be farther from the truth. With consumers and businesses alike painfully aware of rising gas prices, we want to set the record straight on how electronic payments help both consumers and …
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