The trend toward plastic is in full force. After Visa reported record revenue last week, MasterCard destroyed the earnings expectations this morning.
While the investment world is still concerned with Italy's and Spain's sovereign debt issues, earnings reports continue to offer a rare glimpse into the state of the different sectors of the economy.
Many small business owners are befuddled by complex financial statements. And it could be costing them.
Google wants to replace your wallet with a phone. The underlying technology isn't actually that different from a credit card, but just make sure to keep the battery charged.
After some disciplined belt-tightening, shoppers who enjoyed a tasty splurgefest over the holidays seem ready to buy more than just T-shirts and socks in 2011.
U.S. stocks ended the day mixed Tuesday as investors mulled a disappointing report on consumer confidence and ongoing weakness in the housing market.
The Federal Reserve rolled out a proposed rule Thursday that caps the fees banks can charge retailers when customers swipe their debit cards.
U.S. stocks were poised to open higher, after slightly better-than-expected data on the the number of Americans filing for first-time unemployment benefits.
The corporate websites of Visa and MasterCard were inaccessible at times Wednesday due to an apparent cyberattack by purported Wikileaks backers.
The Justice Department filed a lawsuit against Visa, MasterCard and American Express on Monday for allegedly anti-competitive practices that prevent merchants from offering discounts and raise prices for consumers.
The second most famous quote from the movie "The Graduate" --- the top undoubtedly has to be "Mrs. Robinson, you're trying to seduce me." -- is the one where Mr. McGuire wants to tell Dustin Hoffman's Benjamin "just one word" about his future.
A move to rein in the "swipe fees" retailers pay when shoppers use plastic is poised for adoption when Congress takes up the final version of its sweeping Wall Street reform bill.
Shares of Visa and MasterCard tumbled Friday amid fears that a new rule proposed by Congress would take a severe bite out of the money they earn when consumers use their debit cards.
Retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees issuers levy every time a buyer pays with a debit card.
Getting credit? Not easy in this market. But it's even more difficult if you're between the ages of 22 and 34 according to a new survey.
It's all too easy to think that a stock that has risen sharply is no longer a bargain -- or conversely that shares that have been cut in half must be a good deal. If only investing were that simple.
Since the market began to rally in March, just about every type of investment has shot up. But the riskiest ones -- like junk bonds, emerging-market stocks, and shares of companies with a lot of debt -- have soared the highest.
Nanci Moll's travel agency goes bust without paying her hotel in the Cayman Islands. Now the resort wants her to pay for her stay -- again. Shouldn't her credit card protect her against a double billing? And what if it doesn't?
On the desktop screens at MasterCard Worldwide, you can see the economic pulse of the globe in real time. In the suburban St. Louis control center of MasterCard's global-payments network, rows of analysts keep watch over the flow of nearly 20 billion transactions a year in 210 countries, more than the United Nations has members. When the matrix of green lights flashes a red spot, the money traffic controllers immediately reroute the transactions to keep commerce flowing.
American Express said Wednesday MasterCard will pay it as much as $1.8 billion to settle an antitrust lawsuit, as it warned credit losses may increase as business conditions deteriorate
When gas station manager Roger Randolph realized it was costing him money each time someone filled up with $4-a-gallon gas, he hung a sign on his pumps: "No more credit cards"
While the rest of the financial services industry has zigged, Visa has zagged.
MasterCard's profit more than doubled in the first quarter as more customers outside the United States used their credit and debit cards for purchases
Gasoline demand has fallen for the first time in years as drivers appear to recoil from near-record prices, throwing doubt on America's seemingly insatiable thirst for fuel.
MasterCard Inc., a credit card processor, said on Wednesday that second-quarter earnings excluding items rose, helped by rising purchase volume.
London is the world's top center of commerce, according to a study by MasterCard rating leading cities by how they influence the global economy.
To anyone who's rushing to bet that Americans are finally tiring of their favorite past-time - shopping - think again.
IPOs are back in style, and private owners are putting some of their biggest names up on the block.
Warehouse club operator Sam's Club announced Thursday that the company will immediately begin accepting MasterCard credit cards for the first time at its stores.
Investors were cheering MasterCard's first quarterly results as a public company - revenue and earnings beat expectations and the company issued an upbeat forecast for further growth.
It's been just over two months since MasterCard shrugged off the shackles of private ownership to emerge as the biggest, and one of the most highly touted, initial public offerings of the year.
When Amazon.com engineer Gaurav Oberoi went on vacation to Europe with friends in 2004, they decided not to worry about who paid for what until after the trip.
WHEN AMAZON.COM ENGINEER GAURAV Oberoi went on vacation to Europe with friends in 2004, they decided not to worry about who paid for what until after the trip. But that meant recording expenses in ...
MasterCard shares have been on a tear since its highly anticipated initial public offering late last month but legal concerns continue to hang over the company, an issue that could give investors a reason to proceed with caution.
From 1987 to 1997, MasterCard maxed out five advertising campaigns--and failed to narrow the gap with Visa. So when the company decided to get a new ad agency, it looked like desperation. To McCann...
A new report tracking national retail sales in May indicates that this year's run-up in gas prices has started to eat into an already slowing rate of consumer spending.
MasterCard and Vonage headline this week's IPO calendar. Both firms are looking to trade on the New York Stock Exchange, but their similarities end there.
MasterCard is expected to hit the market with a bang when it makes its debut on the New York Stock Exchange as early as next week.
In late May, MasterCard Inc., the world's second-largest credit card association, is scheduled to go public in what should be the richest IPO on Wall Street in two years. The offering, led by Goldm...
Upward of 50 credit cards reward their customers with flights, upgrades, car rentals, hotel stays and cruises. Each card differs in the kinds of perks and the ways they're doled out, so what's the smartest approach for you?
MasterCard International announced Thursday that the company is extending its zero liability policy to MasterCard BusinessCard and Debit MasterCard BusinessCard cards.
Cost of two commercials during the Oscars: $3.4 million. Nudging consumers to MasterCard's Web site to compete in two interactive contests: priceless.
NEW YORK (CNNMoney.com) - Chase wants you to 'Blink' when buying a latte. MasterCard wants you to 'Tap and Go' your double cheeseburger. American Express will let you ExpressPay for just about anything.
Some 5.3 billion credit-card solicitations have been mailed this year, and it probably seems like half of them landed in your mailbox. It's a veritable fantasia of marketing gimmicks: No late fees!...
Debit or credit?" When a cashier asks you that inevitable question, the natural response is to dutifully report which kind of card you're about to swipe.
NEW YORK (CNN/Money) - If the $7 toothbrush, the $4 grande caramel macchiato or even having someone clean out the gutters on your home are spending staples for you, your social status might be better than you think.
Expensive smart cards like Target's will likely stay on the sidelines until U.S. companies experience a big problem with fraud. But another payment system--"contactless" cards that replace small ca...
If you're looking for plastic, chances are there's an option out there for you. Banks and other financial institutions offer some 30,000 different credit cards to consumers.
MasterCard and American Express say they have a solution for those frustrating lines at the checkout counter: "contactless" credit cards.
Sign a receipt or punch in a PIN? When it comes to debit cards, this seemingly banal decision at the checkout is a big deal for retailers. So much so that soon you may have less choice. On Feb. 1 y...
If you're like most people, you'll charge about $1,275 on your credit card this holiday season. What if you could get 1% back in cash? Or how about those $200 monthly gas station bills? What if you...
MORTGAGES Average rate
SPEND AND SAVE Swiping a credit card that puts a 1% rebate into your kid's college savings plan is not new. So what is? A card that adds 1% to your retirement funds. In April, Vesdia, which also ow...
If you used your credit card overseas between 1996 and 2000, you could be getting a piece of a $500 million penalty against Visa and MasterCard.
--STILL WAITING FOR YOUR REFUND? You're not alone. Based on last year's returns, the IRS estimates that it still owes 5.9 million taxpayers--most of them late filers--a refund for 2001. Now the age...
--CREDIT REWARDS. There's no shortage of cards that reward you with loyalty points, but in most cases you can redeem them only at certain retailers. With the new no-fee I-Card from Chase (www.credi...
In this age of plummeting consumer confidence, crashing stocks, and a slumping GDP, at least one statistic is hanging tough. Too bad it's your credit card rate. Although the Federal Reserve has cut...
With the December relaunch of the Carte Blanche card, those looking for an exclusive, perk-laden credit card have more options. Here's the latest in credit-card elitism from AmEx, Diners Club, Visa...
You've found what you want to buy on the Internet. Now how will you pay? The obvious choice is a credit card, but seemingly every day a new online-payment option appears. In particular, so-called p...
It's 9 A.M. Monday, Feb. 14, and three Intel executives are huddled around a table cluttered with telephones and computers. Eyes glued to their monitors, they cradle receivers between their shoulde...
Card companies are vying to be the Web currency of choice in two ways: beefed-up fraud protection and rewards. While the former is more hype than help, you could profit from the latter.
Most card issuers provide some assistance in a medical emergency. If you carry any American Express, MasterCard or Diners Club card, a 24-hour hotline will refer you to an English-speaking doctor. ...
The money you'll need for a year's tuition ($3,243)[1] and room and board ($4,530)[1] is only the beginning.
--Debit miles. Chase, the first bank to offer debit-card rewards, has just launched the first frequent-flier debit MasterCard (800-242-7324). For $30 a year, you earn one Continental OnePass mile f...
Credit-card companies have outdone themselves again this year, breaking records with the quantity and variety of attention-getting twists and incentives. "We're seeing an urgent need to differentia...
Cash is king, at least where credit-card rebates are concerned. After all, unlike frequent-flier miles, cash back is a sure bet and pays off within the year; no wonder Discover and Private Issue to...
Three months ago, when we praised the Shell Gold MasterCard--which rewards you with free gas--as one of the best cards for big spenders, one drawback we noted was that heavy chargers could max out ...
LONG-DISTANCE PHONE SERVICE...
THIS MONTH: --Line up a mortgage before you go house hunting. --Global CDs glitter, but the risks are high.
MasterCard International is aiming two new "prestige" cards at people who earn more than $75,000 a year. One is a Platinum Class card, which offers a credit line up to $100,000, vs. a $25,000 cap o...
If you blithely assume that each item you charge on a credit card helps you rack up fat cash rebates or valuable frequent-flier miles, you may be in for a disappointment. Reason: Because savvy cons...
YOU MIGHT THINK THE TAX DEDUCTIBILITY of credit-card interest had vanished after 1986's tax reform. But some cards still allow you to write off interest. How so? They tap into a home-equity line of...
IF YOU COVET A GOLD VISA OR MASTERCard for its high credit limit and lavish perks, think again. Introduced in the '80s, gold cards used to gleam brightly indeed: They typically offered a credit lim...
THIS MONTH: The weak link that threatens credit unions Why to skip a quickie mortgage prequalification What brokers in banks will have to tell investors
IF YOUR CREDIT HISTORY IS BLEMISHED or nonexistent, you may need a secured card--a MasterCard or Visa that requires a security deposit typically equal to the credit line, usually a low $250 to $500...
What is the price of civic pride? How about 14.7%? But only if you carry a balance on your Hometown MasterCard.
The most populous economy in the world is breeding a bragging contest between MasterCard and Visa International. Hank Chiang, head of MasterCard's China operation, boasts that some six million bank...
You can't open your mail these days without being bombarded with credit-card offers. Surviving this avalanche requires a sharp eye for fine print and a capacious trash can. Here are four dubious de...
Merchants, the first line of defense against phony credit-card charges, are asleep on the job. Their near-universal failure to check card signatures is one reason credit-card crime soared 16% last ...
Joint accounts are the bane of many a household, but not in the credit card business. Co-branded credit cards -- those issued jointly by businesses and card companies, like those shown here -- are ...
You may be taking a vacation soon, but criminals seem to be working harder than ever. Howard Apple, chief of the FBI's Interstate Theft Unit, says that worldwide, ''crime against travelers is incre...
April's Travel Wise column inaccurately reported the Canadian toll-free telephone number for the Canadian Airlines and Royal Trust MasterCard program. The correct number is 800-668-1990 and can be ...
Eight years ago, Diners Club came up with a bright idea called the Club Rewards Program: card users would be awarded points for every dollar they charged and then be allowed to redeem those points ...
Sun block is not all you need to avoid getting burned on your next vacation or business trip. If you plan to rent a car, pack a magnifying glass and calculator. Once you read the fine print of the ...
Most consumer lending rates inched upward during August's lull. For example, the average new-car loan rose to 10.45% from 10.37% at a time when auto manufacturers began their 1.9% financing campaig...
''I will say never -- my advice to the public is never, never, never -- under any circumstances, engage the services of a lawyer who advertises.'' -WARREN E. BURGER, 78, Chief Justice of the U.S. S...
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