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On Wednesday, MasterCard announced that it has signed on with InterContinental Hotels Group to provide an exclusive co-branded "loyalty" credit card for the hotel management company in the U.S.
IHG and Chase just launched a limited-time offer on the IHG Rewards Club Premier Credit Card: New cardholders get 125,000 bonus points after they spend $3,000 in the first three months from ...
Card schemes are payment networks linked to payment cards, such as debit or credit cards, of which a bank or any other eligible financial institution can become a member. By becoming a member of the scheme, the member then gets the possibility to issue cards or acquire merchants operating on the network of that card scheme.
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On 7 September 2006, American Express, Discover Financial Services, Japan Credit Bureau, Mastercard and Visa International formed the Payment Card Industry Security Standards Council (PCI SSC) with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard. The council itself claims to be independent of the ...
Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...
A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. The ruling likely means the credit card ...
Like credit cards, debit cards are used widely for telephone and internet purchases. Debit cards can also allow instant withdrawal of cash, acting as the ATM card , and as a cheque guarantee card . Merchants can also offer "cashback"/"cashout" facilities to customers, where a customer can withdraw cash along with their purchase.
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