Gulf Times - MasterCard
EU accepts Visa and Mastercard fees offer to end antitrust probe

EU accepts Visa and Mastercard fees offer to end antitrust probe

The European Union has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation.

EU fines Mastercard 570 mn euros in anti-trust action

EU fines Mastercard 570 mn euros in anti-trust action

The European Union has fined global credit card giant Mastercard 570 million euros ($647 million) for limiting competition between banks offering cheaper payment fees.

QIB & Mastercard offer cash prizes to cardholders during travel

QIB & Mastercard offer cash prizes to cardholders during travel

Qatar Islamic Bank (QIB) has teamed up with MasterCard to launch a summer promotion, titled ‘Win Weekly with QIB Mastercard Cards’, with a grand prize of QR100,000.

British law firm sues MasterCard for £14bn over fees

British law firm sues MasterCard for £14bn over fees

A British lawyer suing MasterCard for £14 billion (17 billion euros, $19 billion) over card charges accused the US financial giant on Friday of indirectly pushing up prices for all British consumers.

Pele unable to light Olympic cauldron due to poor health

Pele unable to light Olympic cauldron due to poor health

Brazil football legend Pele said poor health will prevent him from lighting the Olympic cauldron at the Games' opening ceremony on Friday as he had hoped to do.

Visa, MasterCard antitrust settlement with merchants is voided

Visa, MasterCard antitrust settlement with merchants is voided

A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement among Visa Inc, MasterCard Inc and millions of retailers over credit card fees.