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August 30, 2008 4:44:14 AM CDT

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Stories related to: MasterCard

Stories

10 Stories

  • June 2008

    • MasterCard to Pay Amex $1.8B

      Wall Street Journal  |  Jun 25, 08 8:51 AM CDT

      MasterCard to Pay Amex $1.8B

      (Newser) - MasterCard will pay American Express $1.8 billion in 12 quarterly installments, settling a lawsuit that claimed it had blocked banks from offering American Express cards to customers, the Wall Street Journal reports. American Express said the antitrust settlement would "help to lessen the impact of this weakening economic cycle." Amex also sued Visa, which settled for $2.25 billion in November. More »

      Tags

      settlement  • American Express  • MasterCard  • Visa  • antitrust suit

  • May 2008
  • March 2008

    • Supermarket Breach Exposes 4M Credit Cards

      Boston Globe  |  Mar 18, 08 9:20 AM CDT

      Supermarket Breach Exposes 4M Credit Cards

      (Newser) - A data security breach at Hannaford, an East Coast supermarket chain, has exposed the credit card information of 4.2 million customers and resulted in 1,800 cases of fraud so far, the Boston Globe reports. The breach, which went undetected for three months, is one of the largest ever, the AP notes. Hannaford, which also runs Sweetbay supermarkets, says no names or personal information got out, just account numbers of credit and debit cards. More »

      Tags

      fraud  • identity theft  • credit card  • computer security  • data theft  • MasterCard  • Visa  • supermarket

  • February 2008

    • Visa Plans $17B IPO in Risky Market

      Wall Street Journal  |  Feb 25, 08 8:55 AM CST

      Visa Plans $17B IPO in Risky Market

      (Newser) - Visa is hoping to surpass rival MasterCard’s 2006 stock market debut with a $17 billion IPO that would be the largest in Wall Street history. The company today said it hopes to sell some 406 million shares for $37 to $42 each, reports the Wall Street Journal. The biggest previous IPO was AT&T Wireless Group’s $10.62 billion offering in 2000. More »

      Tags

      SEC  • IPO  • New York Stock Exchange  • shares  • MasterCard  • Visa  • AT&T Wireless

  • January 2008

    • Dow Tanks on Consumer Woes

      Wall Street Journal  |  Jan 11, 08 3:25 PM CST

      Dow Tanks on Consumer Woes

      (Newser) - The Dow plunged 246.79 points to 12,606.30 today as investors, worried about consumer spending, fled retailers and credit-card issuers. Analysts are concerned the mortgage crisis has finally hit pocketbooks, hurting credit, jobs, and public confidence, the Wall Street Journal reports.The Nasdaq slid 48.58 to close at 2,439.94, and the S&P 500 fell 19.31 to 1,401.02. More »

      Tags

      S&P 500  • Nasdaq  • Dow Jones  • McDonald's  • consumer  • American Express  • MasterCard  • Capital One  • Discover  • Tiffany

  • November 2007

    • PayPal Swiping Credit Card Market

      BusinessWeek  |  Nov 21, 07 1:05 PM CST

      PayPal Swiping Credit Card Market

      (Newser) - With identity theft jumping 50% since 2003, more people are turning from credit cards to Internet-based payment services like PayPal and Google Checkout for online purchases and, increasingly, everyday transactions, Business Wee k reports. Roughly 30% of US online shoppers used an alternative payment service last year. "Consumers are afraid to give out their credit-card information," said one retail expert. More »

      Tags

      credit card  • PayPal  • MasterCard  • business tech

    • Now PayPal Is Everywhere MasterCard Is

      Reuters  |  Nov 20, 07 10:16 AM CST

      Now PayPal Is Everywhere MasterCard Is

      (Newser) - PayPal is offering a new way for customers to pay on sites that don't normally accept the service. PayPal Secure Card creates a new MasterCard number for every transaction and retrieves members' payment information from their PayPal accounts. "From a merchant's perspective this looks like any other MasterCard transaction," says a PayPal exec. "And it's just another PayPal purchase to the customer." More »

      Tags

      Internet  • eBay  • Internet security  • shopping  • online retailers  • phishing  • PayPal  • MasterCard  • online fraud

    • Visa Heads for Biggest IPO in US in Years

      Wall Street Journal  |  Nov 10, 07 12:18 PM CST

      Visa Heads for Biggest IPO in US in Years

      (Newser) - Visa is moving ahead on a massive initial public stock offering expected early next year. Papers filed yesterday show that shares could be valued at $10 billion, which would make it the second-largest public offering in US history, the Wall Street Journal reports. The biggest is the $10.62 billion IPO by AT&T Wireless in 2000. More »

      Tags

      stock market  • San Francisco  • IPO  • credit card  • shares  • MasterCard  • Visa

    • Visa Settles $2.25B AmEx Suit

      Associated Press  |  Nov 8, 07 8:28 AM CST

      Visa Settles $2.25B AmEx Suit

      (Newser) - In what could be the largest settlement ever to resolve an antitrust lawsuit, Visa has agreed to pay American Express up to $2.25 billion for blocking member banks from offering rival credit cards, the AP reports. The deal helps clear the way for Visa’s IPO, expected early in 2008. MasterCard, also named in the suit, has refused to settle. More »

      Tags

      lawsuit  • civil lawsuits  • American Express  • MasterCard  • Visa

  • October 2007

    • TJX Data Breach Exposed 94M Credit Cards

      Associated Press  |  Oct 24, 07 7:15 PM CDT

      TJX Data Breach Exposed 94M Credit Cards

      (Newser) - Cyber thieves have pinched 94 million credit cards from a discount retailer—double the last estimate—and spent up to $83 million as far as Hong Kong and Sweden, the AP reports. Banks are now suing the retailer, TJX Cos., to recover their losses. But those losses keep growing: "You know, these [card numbers] are going to be sold off for a period of time in the future, so it's going to continue," says a Visa exec. More »

      Tags

      hackers  • Hong Kong  • credit card  • Sweden  • MasterCard  • Visa  • TJX

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