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The Steady Ascent of the Debit Card
Raquel Garcia is serious about avoiding debt. The 18-year-old customer-service representative for U-Haul recently canceled her credit card. Now she gets her entire paycheck deposited onto a prepaid debit card, which she uses for all her purchases. Since she can access only what's in the account, Garcia no longer worries about breaking her budget: "I'm spending just what I need."
Source:(BusinessWeek)
2008-11-02
MasterCard, Visa settle Discover suit for $2.75 billion
NEW YORK - MasterCard Inc (MA.N) and Visa Inc (V.N) said they agreed to pay credit card issuer and network Discover Financial Services Inc (DFS.N) a total of $2.75 billion to settle a lawsuit over anti-competitive practices.
2008-10-28
MasterCard to pay $1.8 billion to settle AmEx suit
NEW YORK - American Express said Wednesday MasterCard will pay it as much as $1.8 billion to settle an antitrust lawsuit, as it warned credit losses may increase as business conditions deteriorate.
Source:(AP)
2008-06-25
Phone-wallets still years away
The new technology which enables small payments from mobile phones by just flashing the handset is likely to reach masses only around 2012, when one phone from five sold will be equipped with the technology.
Nations:U.K. Finland
2008-05-15
MasterCard earnings more than double
MasterCard Inc (MA.N), a credit- and debit-card network, said first-quarter earnings more than doubled, beating expectations, helped by the weak dollar and increased customer spending on a growing number of outstanding cards, pushing its shares up more than 9 percent.
2008-04-29
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