Topic: MasterCard Inc.

Credit card giants pay 1.1 billion dollars in settlement

<div><p>Credit card giants Visa and MasterCard are to pay out about 1.1 billion dollars to merchants across the United States as part of an antitrust settlement, lawyers said Tuesday.</p><p>The settlement was the largest of its kind ...
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Senator Presses Credit Card Companies on Unauthorized Charges

<div id="subtitle">Rockefeller wants more information about 'data pass'</div><div><p> Responding to complaints about unauthorized credit card charges, Senate Commerce Committee Chairman Jay Rockefeller (D-WV) is asking credit card companies what they know about the practice.</p&gt ...
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MasterCard sees higher marketing costs, stock down

<div><p>NEW YORK (Reuters) - MasterCard Inc <MA.N>, the world's second-largest credit card network, forecast marketing expenses will increase 20 percent, and rebates and incentives will go up in the fourth quarter, sending shares down up to 6 percent.&lt ...
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Lower costs, higher volume drive MasterCard profit

<div id="subtitle">MasterCard earns $452 million in 3rd quarter as transaction volume rises, costs decline</div><div><p>MasterCard Inc. said Tuesday its third-quarter profit was bolstered by continued cost-cutting measures and an increase in the number of transactions it processed ...
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