June 30, 1998 |
In another sign the gap between baseball's rich and poor teams is growing, MasterCard announced sponsorship agreements yesterday with seven large-market teams. Atlanta, Baltimore, Boston, Cleveland, Los Angeles, the New York Mets and St. Louis signed deals that make MasterCard their preferred card. Last October, MasterCard agreed to a national marketing agreement with baseball. "These are teams that in the future, I think, will be at the top of baseball," said Bill Daily, MasterCard's vice president of sponsorships and events.
October 8, 1998 |
In a move aimed at giving credit card customers a better shake, the U.S. Justice Department yesterday sued Visa and MasterCard, accusing the world's largest providers of credit cards of limiting competition and consumer choice. Visa and MasterCard unfairly dominate the market and control which credit cards banks can issue, the Justice Department said in an antitrust lawsuit filed in federal court in New York. MasterCard, Visa and others argue, however, that the credit card industry already is a battlefield that benefits consumers.
August 7, 1994 |
You did it again. Racked up another colossal credit card bill. The $5,000 entertainment center is on there, along with the $1,500 wide-screen TV and the new computer system you just had to have. Just looking at the long bill makes you sweat and shiver. Funny thing is, the town fathers here couldn't be happier. In fact, they wouldn't mind if you only paid part of the bill, letting the interest rates kick in and crank up their payoff even more. Not that they want you in debt, mind you. Just that they're looking to make a quick buck off your purchases.
July 24, 2016 |
Credit cards are more than just a convenient way to pay for stuff. When you use one, you automatically get very strong protection against most lousy-service scenarios and companies that sell faulty goods. The genesis of these protections is the federal Fair Credit Billing Act, a law that protects you from fraud by requiring credit-card companies - not consumers - to deal with fraudulent charges. The law also provides important protections against billing errors. What many consumers don't know is that the law also requires your credit-card company to give you the chance to dispute charges and withhold payment for goods and services that you didn't accept or weren't delivered as promised.
October 5, 2010 |
WASHINGTON - The Justice Department yesterday sued the three largest U.S. credit-card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. In papers filed in federal court in Brooklyn, the Justice Department sued all three companies, saying they were attempting to insulate themselves from competition. At the same time, the Justice Department filed a settlement it has reached with Visa and MasterCard. Under the settlement, Visa and MasterCard agree not to prohibit merchants from offering customers discounts or rebates for using a particular kind of card.
July 27, 1989 |
Visa and MasterCard, the nation's credit card mainstays, conspired to monopolize and stall the introduction of a new type of plastic-payment card that could save merchants and consumers billions of dollars annually, according to a lawsuit filed yesterday by New York state Attorney General Robert Abrams. "The Visa-MasterCard combination has deprived merchants and consumers of what is an extremely useful, safe alternative to checks or cash," said Abrams. He said Visa and MasterCard established a joint venture for a "point-of- sale debit card," called Entree, but they allowed it to flounder to protect huge profits banks make on traditional credit cards.
March 19, 1992 |
A credit card scheme that victimized more than 150 Philadelphia- area consumers last year apparently has resurfaced at a new location under a new name, Pennsylvania Attorney General Ernie Preate Jr. said yesterday. In a suit filed in Philadelphia Common Pleas Court, Preate charges that defendant Steve Carpenter doesn't deliver on his promise to get a Visa or Mastercard credit card for consumers who pay him a $139.50 fee. Neither the firm nor Carpenter could be reached yesterday.
February 26, 1986 |
Philadelphia shoppers next month will be bombarded with pleas to add another slice of plastic to their wallets. Starting the week of March 17, Sears will be mailing 1 million pre-approved applications to shoppers here, pleading with them to ask for the giant retailer's new Discover credit card. Is this a good deal? At least initially, the card will be accepted at fewer than 10 retailers locally besides Sears. Sears eventually wants Discover to compete with Visa and MasterCard.
October 5, 2004 |
In separate rulings yesterday, the Supreme Court turned away a challenge to the federal do-not-call registry, and rebuffed Visa and MasterCard's bid to bar member banks from issuing American Express and Discover credit cards. The do-not-call case ends telemarketers' efforts to invoke free-speech arguments to get the popular ban on unwanted phone solicitations thrown out. The court, without comment, let stand a decision by the U.S. Court of Appeals for the 10th Circuit that upheld the registry of more than 64 million phone numbers as a reasonable government attempt to safeguard personal privacy and reduce telemarketing abuse.
November 12, 1986 |
Hyatt Legal Services, the country's second largest law firm with 201 offices, announced yesterday that residents of Pennsylvania and seven other states can receive legal services for $10 a month, charged to their Citibank Visa or MasterCard. Sandra DeMent, director of legal services for Kansas City, Mo.-based Hyatt, said the firm will begin mailing applications for the program, called LawPlan, this month to Citibank's credit card holders in Pennsylvania, New Jersey, New York, Maryland, Illinois, Oregon, California and Wisconsin.