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 [...]

Categories: MasterCard
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 [...]

Categories: MasterCard
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 [...]

Categories: MasterCard
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 [...]

Categories: MasterCard
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 [...]

Categories: MasterCard
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 [...]

Categories: MasterCard
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 [...]

Categories: Credit Card Interest Rates / Fees, Visa, MasterCard, American Express
New Citi/AA airline credit card offers "chip and PIN" plus elite perks

Editor's Note: Thank you for your interest, this offer expired and is no longer available. 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 [...]

Categories: Rewards / Travel Cards, MasterCard, Citi Bank, Testing / Technology
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 [...]

Categories: MasterCard, Rewards / Travel Cards
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 [...]

Categories: Testing / Technology, MasterCard
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