Authors

Curtis Arnold
Curtis Arnold, Editor-in-Chief
Joe Taylor
Joe Taylor Jr., Reporter
Amber Stubbs
Amber Stubbs, Managing Editor

MasterCard

  • MasterCard pledges up to $4 million in new Stand Up To Cancer donations when diners pay with plastic

    Major League Baseball mascots Mr. Met and the Phillie Phanatic joined sitcom star Eric Stonestreet in a new series of television ads highlighting MasterCard's "Dig In and Do Good" charity campaign. The payment platform operator has earmarked up to $4 million in donations for Stand Up To Cancer (SU2C), an entertainment community initiative that encourages [...]

  • FTC cuts off credit card processing to phone spam operators after MasterCard cites fraud

    Federal investigators widened the hunt for companies suspected of scamming consumers with promises of credit card rate reduction services. According to officials at the Federal Trade Commission, eight more defendants have joined the original list of seven alleged fraudsters accused of using robocalls to sign up new members for a program called "Treasure Your Success." In [...]

  • MasterCard plans shift to EMV-enabled ATMs by 2016

    MasterCard officials expanded its roadmap for EMV, or smart-chip enabled, debit and credit card technology to include automatic teller machines. After October 2016, banks can hold ATM operators liable for fraudulent withdrawals and cash advances from debit and credit cards. MasterCard's announcement was the first to specifically address ATM operators, who had been waiting for [...]

  • Concert wristbands link to MasterCard PayPass for food and beverage

    For the second year in a row, payment platform companies used European music festivals as proving grounds for contactless credit card technology. Last year, Isle of Wight Festival organizers encouraged VIP ticketholders to pay for food and drink with wristbands linked to prepaid debit card accounts. This year, the festival issued wristbands to over 10,000 [...]

  • MasterCard credit cards getting Intel Inside

    Consumers used to seeing "Intel Inside" stamped on their computers could soon enjoy similar technology in their credit cards, thanks to an alliance between the chip maker and payment platform provider MasterCard. This month, the companies announced a strategic collaboration to explore streamlined customer experiences that include enhanced payment security. In a statement to reporters, company [...]

  • Credit or debit? Duo card lets shoppers choose

    Fifth Third Bank hopes to slim down its customers' wallets with the introduction of Duo, a single magnetic stripe card that can swipe through retail checkouts as either a debit or a credit card. Other banks have experimented with storing multiple account profiles on a single piece of plastic. Most notably, Citi has launched overseas trials [...]

  • Visa, MasterCard settle anti-steering lawsuit, AmEx continues the battle

    Visa and MasterCard may have put "steering" challenges behind them, but American Express continues to fight merchants for access to consumer purchases at the checkout lines. According to a Wall Street Journal report, Visa and MasterCard settled government allegations of unfair practices related to retail debit and credit card processing rules. Although company officials and [...]

  • New Citi/AA airline credit card offers "chip and PIN" plus elite perks

    Citi Cards and American Airlines offer unprecedented benefits and a "chip and PIN" option to lure elite travelers to their latest airline credit card. Travel rewards and perks The Citi Executive / AAdvantage World Elite MasterCard builds on the 24-year relationship between Citi and American Airlines, while promising extended compatibility with European merchants' point-of-sale terminals. Following a [...]

  • MasterCard launches Priceless New York experience rewards

    MasterCard wants to treat cardholders to "priceless" experiences in New York and other cities around the world with the debut of a new loyalty program. Company officials told reporters they intended to launch a series of city-specific websites offering special access to special events and performances reserved exclusively for MasterCard customers. For its first featured [...]

  • Concertgoers test MasterCard's futuristic credit card replacement

    Music fans often wear wristbands to access concerts. MasterCard merged that tradition with its own vision of mobile technology at a spring festival in the United Kingdom this month. Guests of the VIP tent at the 2011 Isle of Wight Festival received special MasterCard wristbands featuring embedded PayPass chips like those in the company's credit [...]

  • MasterCard automates carbon emissions reporting for business credit card users

    The best business credit cards will soon help companies reduce their environmental impact, according to officials from MasterCard and Brighter Planet. The credit card platform and the business intelligence bureau announced plans to integrate cardholders' spending details with carbon emissions data. Select corporate credit card users could then see the carbon footprint of their company [...]

  • MasterCard ad campaign aims to lure customers from American Express, Visa Signature

    MasterCard Worldwide officials announced an advertising campaign to highlight new benefits of the brand's World Elite premium credit cards. The marketing push arrives as credit card issuers step up competition over less risky, high income borrowers. Positioned as an alternative to the American Express Centurion Card and the Visa Signature Card, MasterCard World Elite credit [...]

  • MasterCard PriceAssure locks in lowest airfares on participating airlines

    Travelers now have a major incentive to use MasterCard when purchasing airline tickets, with the debut of a new airfare price assurance program. In a statement to reporters, company spokesperson Chris Aguas revealed that a MasterCard consumer survey showed 77 percent of travelers worry about timing their purchases to get the best deal on airfares. The payment [...]

  • Business is booming for MasterCard

    MasterCard has released its quarterly report for 2011, showing a 24 percent rise in credit card profits over the same quarter last year and fueling speculation over how it will measure up to its biggest rival when Visa reports its own quarterly profits on Thursday. On May 3, MasterCard reported its first quarter earnings for 2011. [...]

  • Chrysler Group, MasterCard announce new rewards credit card

    Chrysler Group announced it will introduce a new automotive rewards credit card in May. The carmaker is collaborating with First National Bank of Omaha and MasterCard on this co-branded card that would bear one of the following names: Chrysler, Jeep, Ram Truck, Dodge or Fiat. The purpose of the new credit card rewards program is to [...]

  • MasterCard waives credit card processing fees for Japan relief donations

    Americans donating to a group of disaster relief organizations can stretch their gifts by using MasterCard, thanks to a pledge from the global payment platform provider. Company officials announced plans to waive interchange fees on relief donations made by American MasterCard holders to select non-profit organizations. Eligible charities include: American Red Cross AmeriCares Doctors Without Borders International Rescue [...]

  • MasterCard and Citizens Bank bring inControl to business credit cards

    Companies using business credit cards from Citizens Bank will soon enjoy access to advanced reporting and compliance tools, according to bank officials. A partnership between Citizens Financial Group and MasterCard Worldwide will bring the payment platform provider's inControl suite of services to one of the most prominent U.S. credit card issuers. In a statement to reporters, [...]

  • MasterCard: Jan 2011 retail spending up 5.5 percent from year ago

    American retailers weathered fears of a slump in January 2011 to post their biggest year-over-year gains since April 2010, according to a new report from MasterCard Advisors. Factoring out automotive sales, MasterCard Advisors' SpendingPulse reported retail growth of 5.5 percent in January 2011 compared to the same period a year earlier. When using seasonally adjusted [...]

  • Top 10 personal finance tips from MasterCard's Smart Consumer website

    MasterCard offers consumers a way to kick start their new year's resolutions with a checklist of ten tips for financial stability. The credit card processor's global operations team has developed a new financial education program, called Smart Consumer. As part of the initiative, program managers posted their tips to a new global website: http://www.smartconsumer.ws. Know your [...]

  • IntelliSpend offering MasterCard Wellness prepaid debit card

    Employees could soon find it easier to participate in corporate wellness initiatives, thanks to a new MasterCard debit card from IntelliSpend. In a statement to reporters, IntelliSpend CEO Darryl Hutson announced that his company would make its MasterCard Wellness Prepaid Card available to corporate clients in the first quarter of 2011.According to MasterCard spokesperson Ron [...]

  • Banco Popular launches 0% APR balance transfer MasterCard

    Banco Popular North America recently launched its MasterCard Platinum XTRA credit card, offering substantial rewards for customers who transfer balances from its Platinum or Secured credit cards, or from other accounts. The Banco Popular MasterCard Platinum XTRA account offers a zero percent APR for nine months on all balance transfers completed in the first three [...]

  • MasterCard takes on Groupon with Overwhelming Offers

    MasterCard revealed a new program that aims to make every day Black Friday through the duration of the holiday shopping season. In a statement to reporters, company officials announced a new series of special daily deals under the Overwhelming Offers brand on the company's own MasterCard MarketPlace website. Mirroring the success of daily deal services [...]

  • Contactless MasterCard powers San Francisco electric vehicle charging stations

    San Francisco residents can now charge up electric vehicles without having to swipe their credit cards, thanks to technology from MasterCard. Operators of ChargePoint America unveiled a pair of new EV charging stations, located at Pier 27 on the city's Embarcadero. To park and charge electric vehicles in the popular tourist area, drivers simply tap [...]

  • MasterCard tests 3D credit card in Taiwan

    MasterCard may have made headlines with the world's first 3D credit card, released in Taiwan this month. However, the card's underlying technology enables advanced security features more beneficial to cardholders than just an eye-popping graphic display. The MasterCard SinoPac Display Card features a dynamic, 3D display that shows a sequence of six digits at the [...]

  • Overstock.com MasterCard credit card offers up to 8% rebate

    Bargain hunters can earn extra rewards when making online purchases, thanks to a new credit card partnership between First National Bank of Omaha and Overstock.com. The popular online retailer will lend its logo to the Overstock.com MasterCard credit card. Customers can earn extra rewards when using the card to check out at Overstock.com, along with [...]

  • MasterCard MoneySend Enables Instant iPhone Credit Card Transfers

    MasterCard's latest mobile banking service could enable consumers to transfer money directly between debit or credit card accounts, as long as issuing banks adopt the underlying technology. In a report from trade publication American Banker, MasterCard officials celebrated the launch of MoneySend, a fast money transfer service available to users of Apple iPhones. By downloading [...]

  • MasterCard Invites Software Developers to Mash Up Credit Card Data

    MasterCard officials beckoned software developers to explore their credit card payment platform with the release of a new open programming toolkit. The API allows software, such as mobile phone apps, to directly interface with MasterCard processing systems that were once only available with expensive merchant accounts. "Over the past few years, we have used some of [...]

  • Visa, MasterCard React to Wall Street Reform Bill

    Wall Street lobbyists couldn't stop the Senate from approving a financial reform bill that critics say could hamper credit card issuers' ability to lend. While most of the bill's measures target derivatives trading and other high-risk financial activity, a new wave of rules would restrict cash flow to consumer and small business credit lines. Tighter [...]

  • Small Business Credit Card Holders Get Easy Savings from Chase and MasterCard

    A new partnership between JPMorgan Chase and MasterCard may result in millions of dollars in savings for small business credit card holders. Starting this month, Chase credit card holders with small business accounts can participate in MasterCard's Easy Savings program. Easy Savings provides business buyers with automatic rebates from thousands of popular vendors, ranging from [...]

  • MasterCard Labs Promises Credit Card Innovations

    MasterCard officials affirmed their commitment to payment innovation this month with the launch of MasterCard Labs. Headed by former Orbiscom CEO Garry Lyons, MasterCard Labs will develop new payment technology for consumers and for credit card issuers. Bringing research and development in-house can help MasterCard compete more effectively with other payment platform providers, including Visa, Discover, [...]

  • Credit Cards Evolving into Contactless Payment Solutions, Say Platform Providers

    Panelists at a conference session in Las Vegas debated the future of point-of-sale payments, and whether the cash register of the future will be fueled by contactless credit cards or by mobile phone applications. The debate took place during the CTIA conference in Las Vegas, where representatives of the banking, technology, and communications industries converged [...]

  • MasterCard and Gates Foundations Fund Microfinance in Africa

    American small business owners take microfinance for granted, especially when swiping credit cards for office supplies or deductible lunch meetings. In Africa, however, a small business loan can mean the difference between living in poverty and building a thriving community. A pair of large donations from the MasterCard Foundation and the Bill & Melinda Gates Foundation [...]

  • Credit Card Casino Transactions Blocked Ahead of Schedule by Visa and MasterCard

    Credit card processors have cut off thousands of online gaming enthusiasts from casino action, months before new laws would have caused the same result. This month, officials from Visa announced that they would suspend the charging privileges of companies using credit card transactions to fund online gambling accounts, regardless of those companies' home countries. The Unlawful [...]

  • MasterCard Sweetens Deals for Utility Company Business Credit Card Acceptance

    As more Americans use credit cards and debit cards to eliminate paper bills from their households, merchant banks and payment platforms hope new initiatives can convince more utility companies to accept plastic. According to a report in Digital Transactions News, MasterCard has started a pilot program that significantly cuts the interchange fees on utility payments made [...]

  • MasterCard Offers Expense Management Tools for Corporate Credit Card Customers

    MasterCard officials announced plans this week to attract more corporate accounts by allying with a leading provider of expense automation software. A partnership with CyberShift will allow credit card issuers to offer leading edge travel and expense management tools as added value features to business accounts. CyberShift CEO Robert Farina commented [...]