MasterCard Card Acceptance Requirements
MasterCard requires merchants accepting their cards to comply with specific rules, which were recently challenged by the Department of Justice....
Tag: MasterCard
American Express Refuses to Settle, DoJ Files an Antitrust Suit
American Express to fight in court government antitrust charges stemming from its policies prohibiting merchants to steer customers to other cards....
Visa and MasterCard to Settle an Antitrust Probe
Visa and MasterCard are close to settling an antitrust probe over restrictions the two card associations impose on merchants accepting their cards....
Visa Joins MasterCard in NY MTA’s Contactless Card Payment Test
Visa is joining MasterCard in testing a pilot program that allows NY commuters to pay fares by waving their phones by a specially equipped turnstile....
How to Manage ‘Not as Described or Defective Merchandise’ Chargebacks
Both Visa (53) and MasterCard (4853) have Reason Codes designating chargebacks issued when cardholders state a purchased product was not as described....