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Visa, MasterCard To Settle Government Antitrust Suit; AmEx Vows To Fight It
The suit centers on rules and fees the companies impose on merchants. They are charged with making it difficult for businesses to allow alternative forms of payment.
MasterCard Reports Major Security Breach
In what is likely to be the largest computer-information breach yet reported, MasterCard says a computer hacker gained access to 40 million credit-card accounts. Many other credit card companies were affected. What should customers do?
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A new Mastercard design is meant to make life easier for visually impaired users
Mastercard is distributing a new bank card next year that aims to help customers with vision impairments. The card has notches cut into the sides to help customers find the right card by touch alone.
Credit Card Companies Accused of Antitrust Breach
Mastercard and Visa collect billions of dollars in fees each year from the nation's retailers. Merchants have long complained about the way those fees are determined. A lawsuit accusing Mastercard and Visa of antitrust violations is expected to go to trial in Brooklyn soon.
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Try Curling at Ardsley Curling Club
Try Curling - the hottest sport on ice - at the Ardsley Curling Club Thanksgiving Open House. You get 60 minutes on and off the ice with our instructors. Learn rock delivery, sweeping, and more! $35 per person Register at acc-openhouse.eventbrite.com Visit ardsleycurling.com for more information
SportsJam with Doug Doyle
Vote for Your Favorite Tunes
Why many business owners would love it if you stopped using your credit card
The fees merchants pay for accepting credit cards are much higher in the U.S. than in Europe. Ice cream shop owner Victor Garcia, for example, paid more than $25,000 in swipe fees last year.
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3:56
No Need To Sign On Dotted Line: Credit Cards Are Phasing Out Signatures
Mastercard, Discover, American Express and Visa have all announced that they are limiting policies requiring you to make your mark. They say advances in technology make fraud less likely.
Capital One is acquiring Discover in a deal worth $35 billion
The companies are teaming up, in part, to expand their payment network. Discover is the smallest of the four U.S.-based payment networks, which also include Visa, American Express and Mastercard.
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