Search Results for: Mastercard
Multinational law firm success in landmark class action case sought against MasterCard
July 25th, 2017
Freshfields Bruckhaus Deringer has had a major success after the Competition Appeal Tribunal (CAT) ruled against certifying a US-style £14bn opt-out consumer damages antitrust class actions against its client MasterCard. Mr Justice Roth, CAT President, ruled against allowing the ...
Mastercard Expands QR Payments Choice
July 20th, 2017
Mastercard outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs. Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants ...
Android Pay is Now Live in Canada with Mastercard
June 1st, 2017
Today, Google confirmed that Android Pay, enabling contactless mobile payments with Android-based devices, is now live in Canada. It provides millions of Mastercard cardholders with yet another innovative, fast and secure way to pay, wherever Mastercard contactless payments are ...
Mastercard reports Fourth-quarter net income of $933 million
February 1st, 2017
Fourth-quarter net income of $933 million, including a special item, or $0.86 per diluted share Fourth-quarter net income of $940 million, excluding a special item,1 or $0.86 per diluted share Fourth-quarter net revenue increase of 9%, to $2.8 billion ...
Mastercard issued a statement regarding a judgment
January 30th, 2017
Mastercard has issued a statement regarding a favourable judgment of Popplewell J. of the UK Commercial Court regarding UK retailer action on Interchange Fees. Mastercard is grateful that the Court has found in its favour with respect to the ...
Mastercard `Preying on Millions’ Sparked $17 Billion Fee Lawsuit
January 18th, 2017
Consumers seek permission to bring U.K.’s largest class action Mastercard says damages would be impossible to calculate Mastercard Inc. preyed on more than 46 million unknowing consumers by unfairly charging card fees over a 16-year period, lawyers seeking to ...
Competition concerns over Mastercard/VocaLink merger
January 4th, 2017
Mastercard UK Holdco Ltd, a subsidiary of Mastercard International Incorporated (Mastercard), is buying VocaLink Holdings Ltd (VocaLink). It already owns and operates credit and debit card schemes Mastercard, Maestro and Cirrus, and has also bid to supply infrastructure services ...
Mastercard announces ‘Selfie’ Payment Technology is a Reality
December 1st, 2016
Mastercard Identity Check Mobile allows cardholders to authenticate online payment by scanning their fingerprint or by taking a selfie. Technology eliminates the need to remember passwords to confirm online payments, while improving the security in these transactions. The application ...
Mastercard and BMO make Fingerprint and ‘Selfie’ Payment Technology a Reality
October 25th, 2016
Mastercard today announced the North American rollout of Identity Check Mobile™, a new payment technology application that uses biometrics, including fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping. BMO Financial Group (BMO) will be the first bank ...
MasterCard sued for £14bn in largest ever British legal claim
September 9th, 2016
MasterCard ‘firmly disagree’ with allegations in landmark case of overcharging 46m UK customers for card fees Credit card group MasterCard is being sued for £14bn, the largest legal claim in British history, in a landmark lawsuit over allegations that ...
