Content about Credit cards

May 23, 2013
Macy’s, Target file suit against Visa and MasterCard

A group of large U.S. retailers – including Macy’s, Target and J.C. Penney – filed suit against Visa and MasterCard on Thursday, abandoning a proposed $7.2 billion settlement reached last year over allegedly inflated credit card processing fees.

February 25, 2013
Visa in deal with ROAM to increase retailers’ acceptance of mobile payments

Visa Inc. has entered into an agreement with mobile commerce provider ROAM, an Ingenico company, to enable merchants of all sizes to accept electronic payments using mobile technology.

February 19, 2013
Galeries Lafayette selects VeriFone for payment solutions

Verifone Systems said that it has secured a deal with French department store chain Galeries Lafayette to handle its payment solutions and services over a five-year contract period.

February 11, 2013
MasterCard partners with Mu Sigma to launch analytics products

MasterCard Advisors, a division of MasterCard, and analytics firm Mu Sigma announced a new partnership to develop analytic products toward solving business challenges such as acquiring customers and increasing customer loyalty.

January 30, 2013
NRF: Retailers unlikely to surcharge for credit card use

Despite some groups’ claims, the National Retail Federation said that few, if any, merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.


January 16, 2013
Mastercard: Canada trailed U.S. in December sales growth

A report released by MasterCard revealed that Canadian retail sales, which grew just 1.6% in December, trailed the U.S., which also posted less than stellar results for the month.

January 9, 2013
MasterCard Advisors: December total U.S. retail sales up 2.4% year-over-year

Total retail sales (excluding automotive) for December 2012 grew by 2.4% year-over-year, according to a SpendingPulse report released Wednesday by MasterCard Advisors, the professional services arm of MasterCard.

January 3, 2013
SpendingPulse: Key categories over holiday in slight 0.7% year-over-year gain

Spending in key categories experienced a slight year-over-year gain of 0.7% during the 2012 holiday period, with the season slowed down by a combination of factors, according to a SpendingPulse report released by MasterCard Advisors, the professional services arm of MasterCard.

December 17, 2012
MasterCard: Mid-season holiday spending growth slows

A SpendingPulse report released Monday by MasterCard Advisors found that after a three-week recovery of retail spending growth that started two weeks after Superstorm Sandy and lasted through the week ending Dec. 1, a slowdown occurred in the week ending Dec. 8.

December 12, 2012
MasterCard Spending Pulse shows small retailer rebound in November

A SpendingPulse report released by MasterCard Advisors in partnership with Wells Fargo found that spending at small retailers in November picked up a percentage point since October, showing a 5.2% year over year improvement.

November 27, 2012
Merchants to appeal preliminary ruling in proposed interchange settlement

On Tuesday, a majority of named class plaintiffs filed a notice of appeal to challenge a ruling from the U.S. District Court for the Eastern District of New York granting preliminary approval to a proposed settlement of a long-standing antitrust class action filed by merchants against Visa, MasterCard and the largest banks.

November 21, 2012
MasterCard Advisors: Hurricane Sandy takes a bite out of early November sales

Spending in most of the key holiday categories, for the first two weeks of the retail month of November was down on a year-over-year basis, according to a SpendingPulse report released by MasterCard Advisors, the professional services arm of MasterCard.

November 14, 2012
Sales growth of smaller retailers lag industry

A report released by MasterCard Advisors, the professional services arm of MasterCard in partnership with Wells Fargo, found that spending at small retailers in October slowed to an increase of 4.2% year over year, down from a 5.8% growth rate in September.

November 9, 2012
NRF exploring legal options after preliminary approval of swipe fee deal

The National Retail Federation said it will explore all legal options following a judge’s preliminary approval of a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.

November 9, 2012
NRF: Proposed swipe fee settlement ‘benefits no one’

Lawyers representing the National Retail Federation and many of the nation’s most prominent retail companies are set to appear in court today to ask a federal judge to reject a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.



November 1, 2012
NRF asks judge to reject swipe-fee settlement

The National Retail Federation and more than a dozen of the nation’s most prominent retailers today asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit, saying it would not bring credit card swipe fees charged by Visa and MasterCard under control and does not give retailers who oppose it an adequate mechanism to opt out.

September 25, 2012
Finish Line teams with VeriFone for mobile payment options

VeriFone Systems said that The Finish Line is deploying VeriFone’s latest mobile checkout and multimedia-driven countertop payment solutions.

September 20, 2012
Retailers charge that proposed Visa/MasterCard interchange settlement unacceptable

Retailers are up in arms over the proposed settlement filed in July of antitrust lawsuits filed by merchants against Visa, MasterCard and the nation's largest banks.

September 11, 2012
NRF seeks to block swipe fee lawsuit settlement

The National Retail Federation announced that its board of directors has authorized the Federation to go to court to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over skyrocketing Visa and MasterCard credit card swipe fees that cost consumers hundreds of dollars a year.

August 14, 2012
MasterCard Advisors report: Small retailers’ sales growth slows in July

A SpendingPulse report Tuesday by MasterCard Advisors, in partnership with Wells Fargo, found that July spending at small retailers slowed to 6% year over year.

July 24, 2012
Walmart issues statement in opposition to proposed interchange fee settlement

Wal-Mart Stores Inc. issued a statement on indicating its position on the proposed settlement with Visa and MasterCard over credit card fees.

July 19, 2012
Moody’s on Credit Card Interchange Fee Settlement

The July 13 settlement of a lawsuit over allegedly fixed credit card interchange fees is a credit positive for the two largest industry players Visa and Mastercard, but will have a smaller impact on merchant acquirers, retailers and banks, said Moody’s Investors Service in a new special comment "Credit Card Interchange Fee Settlement is Credit Positive For Visa, MasterCard."

July 18, 2012
New MasterCard report: Small retailer growth outpaces larger retailers for nine consecutive months

June spending at small retailers increased 8% in 2012 compared to June 2011, higher than the overall U.S. retail growth rate of 6.9%, according to a new SpendingPulse report issued by MasterCard Advisors in partnership with Wells Fargo.

July 16, 2012
Discover card now accepted at Neiman Marcus stores

Discover announced that its cards are now accepted at Neiman Marcus stores nationwide.

May 29, 2012
PayPal signs on 15 national retailers for its mobile payment service

PayPal has confirmed partnership with 15 national retailers, including J.C. Penney, American Eagle Outfitters, Toys “R” Us and Foot Locker, for its mobile wallet service.

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