MasterCard and eNett International announced earlier this week that they had extended their international partnership, and plan to redefine travel payments globally. According to a joint company statement, the two organizations have worked with travel agents, airlines, hotels and travel wholesalers to fine-tune their payments...
Russian President Vladimir Putin reportedly has signed amendments to a recently enacted law that make it easier for MasterCard and Visa to remain operating in that country. Specific details, remain sketchy, and there may be a $3 billion string attached to the deal.
An inaugural quarterly fraud-index report from online-payments provider 2Checkout identifies Discover and Diners Club credit cards as experiencing the most amounts of fraud and Acculynk payments as having the least fraudulent activity. Discover and Diners Club scored a fraud-index rate of minus-75, indicating that consumers...
MasterCard is extending its zero-liability policy in the U.S. to include all MasterCard PIN-based purchases and ATM transactions, the company announced May 28. The network has provided similar protections on signature debit and credit card transactions for quite a while. The major card networks have...
Visa and MasterCard on May 23 reportedly indicated they plan to stay in Russia, despite a new law that could cost them billions to remain. Representatives from both card networks met with members of the Russian government earlier in the day. “In any situation, we...
According to a source close to the reported negotiations, Sberbank considered the possibility of buying the Maestro brand from MasterCard, but the latter refused to sell, reports the KyviPost. The news comes from the sidelines of St. Petersburg International Economic Forum. The rejected move by the...
MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. ECS provides electronic payment processing...
Nearly 70 percent of Americans carry a mobile device. It’s no wonder, then, that within the SMB world, more and more owners are depending on their mobile phones and tablets to check business accounts and transfer funds. While National Small Business Week has come to...
Small and microbusinesses are vulnerable – especially when it comes to getting credit. And in the absence of traditional forms of credit, many turn to credit cards for working capital. But 46 percent of SMBs say they don’t or can’t. MasterCard and Corporation for Enterprise...
