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Log In / Register | Dec 22, 2014

Convenience Stores Hold Out on Interchange Settlement

Visa MasterCard settlement

ALEXANDRIA, Va. — Visa, MasterCard and major banks announced on July 13 that they had entered a memorandum of agreement to pay $7.25 billion to settle a seven-year lawsuit with retailers and merchants over card swipe fees. 

Small Retailers Outperform Overall Retailers

Data source: Mastercard SpendingPulse report, July 18, 2012

PURCHASE, N.Y., and SAN FRANCISCO – A U.S. retail report by MasterCard and Wells Fargo found that consumer spending with small retailers increased eight percent in June compared to the same period in 2011.

Businesses Set to Benefit from Debit Card Proposal

A proposed limit on fees charged for debit card transactions could save businesses substantially on their POS debit card expenses.

Google Announces Mobile Wallet Phone

Nexus S
Google phone revealed at Web 2.0 Summit 2010, photo via YouTube

Google’s CEO Eric Schmidt announced that the next incarnation of smart phones will be launched in the next few weeks.