The testimony of several of the witnesses at today's heading on interchange fees by the US House Judiciary Committee is now available online in PDF format. Included is testimony from: Thomas L. Robinson (Vice President of Regulations, National Association of Convenience Stores), Joshua R. Floum (General ...

In a press release, MasterCard Worldwide said that "it is pleased that the Government Accountability Office (GAO) report examining interchange fees recognized the benefits the federal government receives from both payment card usage and acceptance. MasterCard urges Members of Congress ...

In a press release, MasterCard commented that "merchants do not need price control legislation or an antitrust exemption to lower costs for payment card acceptance, as they already have real opportunities to negotiate fees." Joshua Peirez, Chief Payment System Integrity Officer at MasterCard ...

The MasterCard Foundation has announced the launch of its Scholars Program by awarding grants totaling $600,000 to six leading microfinance training institutes. The foundation says its program will fund 200 scholarships for staff working in microfinance in Africa, Asia, Eastern Europe, Latin ...

In an article titled 'Welch pushes bill to trim back credit card fees on businesses' in the Barre-Montpelier Times Argus, Peter Hirschfeld reports from Vermont about Rep. Peter Welch's news conference yesterday where he attacked 'rising credit card fees' and announced plans to introduce new legislation ...

On the eve of President Bush's visit to Saudi Arabia, crude oil prices set a record for the fifth day in a row yesterday, eating into tax rebates being mailed to U.S. households and prompting FedEx to slash its quarterly earnings forecast by $100 million because of rising fuel costs.

On the eve of President Bush's visit to Saudi Arabia, crude oil prices set a record for the fifth day in a row yesterday, eating into tax rebates being mailed to U.S. households and prompting FedEx to slash its quarterly earnings forecast by $100 million because of rising fuel costs.

The U.S. Department of the Commerce (DOC) has selected JPMorgan as its provider for charge card services. The order is part of the U.S. General Services Administration’s (GSA) SmartPay 2 program, the largest government charge card program in the world.

MasterCard Worldwide says it is 'the first payments company to offer small businesses automatic savings on fuel and maintenance through the addition of the Fuelman Network to the MasterCard Easy Savings program.' MasterCard says its BusinessCard credit and signature debit ...

ACI Worldwide has announced that MasterCard Worldwide has selected ACI's electronic payment solutions as key elements of the new MasterCard Integrated Processing Solutions (IPS) announced in early April. MasterCard IPS provides banks a suite of branded debit network and card ...