MasterCard Incorporated announced financial results for the first quarter of 2015. The company reported net income of $1.0 billion, an increase of 17% or 24% adjusted for currency, and earnings per diluted share of $0.89, up 22% or 29% adjusted for currency, in each case versus the year-ago period. Acquisitions had a $0.02 dilutive impact
MasterCard announced that it has entered into an agreement to acquire Applied Predictive Technologies (APT) for $600 million, subject to customary purchase price adjustments. Applied Predictive Technologies is a leading cloud-based analytics provider. APT’s Test & Learn® platform helps companies tailor investments and maximize bottom-line impact by harnessing analytics to design, measure and calibrate marketing,
Heartland Payment Systems, one of the nation’s largest payment processors, announced it has teamed with PAX Technology, Inc., one of the fastest-growing terminal providers in the world, to provide Europay, MasterCard, and Visa (EMV)-compliant payment terminals through its Heartland Secure card data security solution and comprehensive breach warranty. EMV chip-based “smart cards” and terminals are
CPI Card Group, a global leader in financial, EMV and commercial card production, and related services, announced that Barry Mosteller, director of research and development for the company, was recognized with the Outstanding Member Service Award at the ICMA 25th Anniversary Expo in Phoenix, Ariz. The Outstanding Member Service Award is bestowed on a member
Two more banks, First National Bank (Slayton, Minnesota), and First National Bank (Davenport, Iowa), now offer the BlazePays Visa Prepaid Cards powered by Capital Prepaid Services. Under the banks’ agent programs which are managed by Capital Prepaid Services, these Minnesota and Iowa banks are now able to cost-effectively tap into the prepaid market, which is
MasterCard announced it has reached a settlement with Target Corporation to resolve claims by MasterCard and its issuers related to the retailer’s 2013 data breach. Under the agreement, Target will make available up to $19 million in alternative recovery offers to eligible banks and credit unions across the globe. These funds will settle their claims
Steward Bank has launched the first MasterCard World Rewards Credit and Debit cards, giving cosmopolitan customers access to unique privileges and rewards not seen before in Zimbabwe. This affirms Steward Bank’s position as a leading innovator in the country’s growing financial services sector. The premium card programme was launched at an exclusive golf day at
The Cost of Chargebacks Though accepting credit card payments is beneficial to a business, chargebacks can cause major drawbacks. We covered a few aspects of the chargeback process here and here. In this post we’ll discuss how to avoid chargebacks. If a customer disputes a transaction for one reason or another, the merchant will have
It can sometimes be difficult to totally avoid chargebacks. In light of this its best for a merchant to understand how the chargeback process works and what to expect when a chargeback request against you is requested by a cardholder. Before we look at the process, here are some of the terms you need to
Accepting credit cards as payment in your business transactions is a very promising concept. You can increase your revenue, your customer base and improve productivity. Getting a merchant account to be able to accept cards for payments adds convenience, cost-effectiveness and a gives the impression that your business is professionally run. If you have already
