Mastercard
Should Gun Store Sales Get Special Credit Card Tracking? States Split on Mandating or Prohibiting It
Many Republican lawmakers and gun-rights advocates fear the retail code could lead to unwarranted suspicion of gun buyers who have done nothing wrong. Over the past 16 months, 17 states with GOP-led legislatures have passed measures prohibiting a firearms store code or limiting its use. read more >
by Associated Press -
Using AI, Mastercard Expects to Find Compromised Cards Quicker, Before They Get Used by Criminals
Mastercard, which is based in Purchase, New York, says with this new update it can use other patterns or contextual information, such as geography, time and addresses, and combine it with incomplete but compromised credit card numbers that appear in databases to get to the cardholders sooner to repl read more >
by Associated Press -
Deadline Looms for Businesses to Apply for Their Share of $5.5B Credit Card Company Settlement
The settlement stems from a 2005 lawsuit that alleged merchants paid excessive fees to accept Visa and Mastercard credit cards, and that Visa and Mastercard and their member banks acted in violation of antitrust laws. read more >
Visa, Mastercard Settle Long-Running Antitrust Suit Over Swipe Fees With Merchants
The deal would lower and cap the fees charged by Visa and Mastercard and allow small businesses to collectively bargain for rates with the payment processors in a similar way that the large merchants do on their own now. read more >
by Associated Press -
Microsoft and Others are Making New Tools to Help Small Businesses Capitalize On AI
MasterCard is piloting a product called MasterCard Small Business A.I., aimed at helping small business owners analyze data and offer other resources to help grow their business. read more >
by Associated Press -
Visa, Mastercard Pause Decision to Track Gun Shop Purchases
There had been hope that categorizing credit and debit card purchases would allow authorities to potentially see red flags — like significant ammunition purchases — before a mass shooting could happen. read more >
by Associated Press -
Holiday Sales Up 7.6% Despite the Squeeze of Inflation
It's a slower pace than the 8.5% increase from a year earlier, when shoppers began spending the money they had saved during the early part of the pandemic. read more >
by Associated Press -
Republican AGs Push Visa, Mastercard, AmEx Not to Track Gun Sales
In their letter, the AGs threaten to use all legal tools at their disposal to stop the payment networks from tracking gun sales. read more >
Simmons Bank Arena Goes Cashless as Consumer Payment Methods Change
The arena joins Razorback Stadium in Fayetteville and a host of professional sports venues in saying goodbye to greenbacks. read more >
by Scott Carroll -
Despite Supply Issues and Omicron, Holiday Sales Rise 8.5%
Sales increased at the the fastest pace in 17 years. read more >
by Associated Press -
Corporations Become Unlikely Financiers of Racial Equity
In the months since the police killing of George Floyd sparked a racial reckoning in the United States, American corporations have emerged as an unexpected leading source of funding for social justice. read more >
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