Mastercard has reached an agreement in principle to settle a collective London lawsuit brought on behalf of British consumers over card fees, it said on Tuesday. The global payments processor was facing a lawsuit brought by consumer champion Walter Merricks …
Visa Inc. said it allocated $1.5 billion to cover litigation costs. The global payments firm authorized the deposit of the money into a litigation escrow account that’s used for covered litigation, it said in a filing Thursday, without specifying any …
Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high. The plaintiffs’ lawyers revealed the proposed accord on Wednesday in …
A team of computer scientists at the University of California, San Diego and the University of Illinois has developed an app that allows state and federal inspectors to detect devices that steal consumer credit and debit card data at gas …
MasterCard Inc is investigating a potential security breach related to a third-party vendor and has alerted banks and law enforcement officials, the company said on Friday. The credit-card processor said the issue involves a company based in the U.S. and …
Independent ATM operators are accusing MasterCard and Visa of fixing prices and forcing them to charge consumers set fees. A lawsuit that the ATM operators filed Wednesday in federal court in Washington, D.C. claims MasterCard and Visa require them to …