Content about MasterCard

March 6, 2014

Walgreens and Roush Fenway Racing recenty launched a partnership to stage “The Race Around America” Interactive Promotion, presented by Balance Financial Prepaid MasterCard from Walgreens.

DEERFIELD, Ill. — Walgreens and Roush Fenway Racing recenty launched a partnership to stage “The Race Around America” Interactive Promotion, presented by Balance Financial Prepaid MasterCard from Walgreens.

The multi-faceted campaign will be fueled by fan interaction and will culminate with the awarding of the grand prize — the fully-enhanced Roush Stage 3 Mustang used in the promotion by Roush Fenway drivers.

December 27, 2013

U.S. retail sales reportedly rose 3.5% between Nov. 1 and Dec. 24, 2013 compared to the same period in the prior year.

PURCHASE, N.Y. — U.S. retail sales reportedly rose 3.5% between Nov. 1 and Dec. 24, 2013 compared to the same period in the prior year. According to data from MasterCard Advisors SpendingPulse, sales of holiday-related categories, such as clothing, electronics and luxury goods, rose 2.3%, after rising 0.7% in 2012.

October 7, 2013

Walgreens on Monday announced Balance Financial, a full suite of integrated financial services that will be launching in phases over the coming months, all built around its new Balance Financial Prepaid MasterCard.

DEERFIELD, Ill. — Walgreens on Monday announced Balance Financial, a full suite of integrated financial services that will be launching in phases over the coming months, all built around its new Balance Financial Prepaid MasterCard.

August 19, 2013

Global losses from credit, debit and prepaid card fraud reached $11.27 billion, an increase of 14.6% over the year before, according to a new report.

CARPINTERIA, Calif. — Global losses from credit, debit and prepaid card fraud reached $11.27 billion, an increase of 14.6% over the year before, according to a new report.

July 22, 2013

Sears is offering electronic coupons for back-to-school shopping that it's calling the first of their kind.

HOFFMAN ESTATES, Ill. — Sears is offering electronic coupons for back-to-school shopping that it's calling the first of their kind.

The retailer announced Monday that it was the first retailer to offer "eCoupons" that can be redeemed in the store, online and from a mobile device, personalized for members of the Shop Your Way loyalty program based on their interests, style preferences and shopping habits. Members can download the coupons at ShopYourWay.com or through the mobile app and receive rewards like 2% back in points when using their Sears MasterCard.

February 13, 2013

Canadian pharmacy retailer Shoppers Drug Mart and RBC Insurance have announced the launch of co-branded travel insurance product offerings to be sold exclusively online through the Shoppers Drug Mart website beginning Feb. 16.

TORONTO — Canadian pharmacy retailer Shoppers Drug Mart and RBC Insurance have announced the launch of co-branded travel insurance product offerings to be sold exclusively online through the Shoppers Drug Mart website beginning Feb. 16.

February 5, 2013

Target has made its REDcard cards available for customers at its Canadian stores, the mass merchandise retailer said.

TORONTO — Target has made its REDcard cards available for customers at its Canadian stores, the mass merchandise retailer said.

January 14, 2013

Medagate, a wholly owned subsidiary of InComm Holdings, announced the launch of the MasterCard Dual Value Health Card, the first dual network healthcare spending card.

ATLANTA — Medagate, a wholly owned subsidiary of InComm Holdings, on Monday announced the launch of the MasterCard Dual Value Health Card, the first dual network healthcare spending card. The Dual Value Health Card enables employers and health plans to combine a member/employee healthcare funding purse with a restricted-spend purse for targeted items and incentives.

December 17, 2012

A slowdown in retail spending happened after a boost that followed Hurricane Sandy, according to a new report by a division of MasterCard.

PURCHASE, N.Y. — A slowdown in retail spending happened after a boost that followed Hurricane Sandy, according to a new report by a division of MasterCard.

MasterCard Advisors released its SpendingPulse report, finding that a three-week recovery in retail spending after Sandy began to slow during the week that ended Dec. 8, while some sectors, like specialty apparel, slipped into negative growth.

November 29, 2012

Kroger remained one of the few outperforming supermarket operators Thursday morning as the grocer exceeded analyst consensus adjusted earnings per diluted share by 3 cents with 46 cents per share.

CINCINNATI — Kroger remained one of the few outperforming supermarket operators Thursday morning as the grocer exceeded analyst consensus adjusted earnings per diluted share by 3 cents with 46 cents per share. Actual reported net earnings were even higher — 60 cents per share — as Kroger benefitted from a settlement with Visa and MasterCard and from a reduction in the company's obligation to fund the UFCW consolidated pension fund created in January. 

Kroger shares were up 3.4% to $25.90 in late morning trading. 

November 2, 2012

The National Retail Federation and more than a dozen retailers on Thusday asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit filed against Visa and MasterCard because of credit card swipe fees.

WASHINGTON — The National Retail Federation and more than a dozen retailers on Thusday asked a judge to reject a proposed class-action settlement of a federal antitrust lawsuit filed against Visa and MasterCard because of credit card swipe fees. The NRF suggested the settlement would not bring credit card swipe fees under control and does not give retailers who oppose it an adequate mechanism to opt out.

September 20, 2012

Retailers are up in arms over the proposed settlement filed in July of antitrust lawsuits by merchants against Visa, MasterCard and the nation's largest banks.

ARLINGTON, Va. — Retailers are up in arms over the proposed settlement filed in July of antitrust lawsuits filed by merchants against Visa, MasterCard and the nation's largest banks. A total of nine associations representing a broad swath of retail industry expressed their reservations to members of Congress on Thursday, charging that their interests were not represented and asking Congress to reject that settlement. 

September 11, 2012

The National Retail Federation is set to go to court in order to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard credit card swipe fees.

WASHINGTON — The National Retail Federation is set to go to court in order to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over Visa and MasterCard credit card swipe fees.

September 7, 2012

Royal Bank of Canada and Canadian pharmacy retailer Shoppers Drug Mart have introduced a new cobranded RBC Shoppers Optimum MasterCard.

TORONTO — Royal Bank of Canada and Canadian pharmacy retailer Shoppers Drug Mart have introduced a new cobranded RBC Shoppers Optimum MasterCard. In conjunction with the launch, RBC announced its intention to acquire the existing Shoppers Optimum MasterCard credit card portfolio.
 

September 30, 2011

Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

WASHINGTON — Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

August 4, 2011

MasterCard Advisors SpendingPulse revealed that online retail sales rose 14% over the year-ago period, marking the 24th straight month of year-over-year growth, as well as the ninth consecutive month of double-digit growth, with improvement in every subcategory except for electronics.

PURCHASE, N.Y. — MasterCard Advisors SpendingPulse revealed that online retail sales rose 14% over the year-ago period, marking the 24th straight month of year-over-year growth, as well as the ninth consecutive month of double-digit growth, with improvement in every subcategory except for electronics.

June 14, 2011

One week after the Senate failed to pass an amendment that would have delayed swipe-fee reform for an additional 12 months, the Department of Justice Antitrust Division reportedly is addressing anticompetitive practices related to credit cards.

WASHINGTON — One week after the Senate failed to pass an amendment that would have delayed swipe-fee reform for an additional 12 months, the Department of Justice Antitrust Division reportedly is addressing anticompetitive practices related to credit cards.

The agency has submitted a final consent decree in its enforcement action against Visa and MasterCard, according to the Food Marketing Institute.

April 6, 2011

Most retail segments showed solid year-over-year retail growth in March, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

PURCHASE, N.Y. — Most retail segments showed solid year-over-year retail growth in March, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

March 3, 2011

Retail sales in February rose in most categories, despite winter storms and rising gas prices, according to MasterCard Advisors' SpendingPulse.

NEW YORK — Retail sales in February rose in most categories, despite winter storms and rising gas prices, according to MasterCard Advisors' SpendingPulse.

The increase maintained the positive performance that began in fall 2010, but February’s year-over-year growth rates were smaller in most categories than those recorded in the November 2010 through January 2011 period.

February 14, 2011

Total retail sales grew 5.5% during the month of January, according to MasterCard Advisors’ "SpendingPulse" report.

PURCHASE, N.Y. — Total retail sales grew 5.5% during the month of January, according to MasterCard Advisors’ "SpendingPulse" report.

The increase underscored that shopping and spending maintained its momentum, following a strong holiday season. The last two months, MasterCard Advisors noted, marked the strongest growth rate for total U.S. retail sales (excluding autos) since April 2010. Additionally, "year-to-year growth for three-month totals stood at 4.9% in January, the highest growth rate since August 2007," MasterCard Advisors reported.

February 4, 2011

January saw strong growth across most retail categories, continuing the positive performance from fourth quarter 2010, albeit at a slightly slower pace, according to MasterCard Advisors SpendingPulse.

NEW YORK — January saw strong growth across most retail categories, continuing the positive performance from fourth quarter 2010, albeit at a slightly slower pace, according to MasterCard Advisors SpendingPulse, a report on national retail and services sales that is based on aggregate sales activity in the MasterCard payments network and survey-based estimates for such payment forms as cash and check.

December 27, 2010

Between Oct. 31 and Dec. 24, consumers spent more than $36.4 billion online — a 15.4% increase over 2009, according to SpendingPulse estimates.

PURCHASE, N.Y. — MasterCard Advisors’ SpendingPulse, a macroeconomic report tracking national retail and services sales, announced results for e-commerce sales for the 2010 holiday shopping season. During the period ranging from Oct. 31 to Dec. 24, consumers spent $36.4 billion online, a 15.4% increase compared with the same period in 2009, according to SpendingPulse estimates.

October 24, 2010

Kroger announced that it has teamed up with U.S. Bank to offer credit cards and...