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Banking & Finance / Government & Politics / Legal

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 >
Banking & Finance / Public Companies

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 >
Banking & Finance / Legal / Public Companies

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 >
Banking & Finance / Legal / Public Companies

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 >
Business Services / Public Companies / Small Business

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 >
Banking & Finance / Public Companies

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 >
Black Friday shoppers at a Target store in Raleigh, North Carolina
Restaurants & Food / Retail / Small Business

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 >
Banking & Finance / Government & Politics / Legal

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 >
Banking & Finance / Tourism

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 >
Government & Politics / Public Companies / Retail

Despite Supply Issues and Omicron, Holiday Sales Rise 8.5%

Sales increased at the the fastest pace in 17 years. read more >
A protestor holds a sign during protests outside the state Capitol on Sunday. Little Rock Mayor Frank Scott Jr. re-instituted a nightly curfew on Monday.
Banking & Finance / Nonprofits / Public Companies

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 >