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London pips Bangkok, Paris as world's top tourist destination

Last Updated: Wednesday, July 09, 2014, 19:44

Bangkok was the second most popular city with 16.4 million visitors predicted for 2014 while Paris was placed third.

MasterCard acquires Pune-based ElectraCard Services

Last Updated: Monday, May 19, 2014, 18:43

MasterCard today said it will acquire Pune-based electronic payment software firm ElectraCard Services (ECS), which had its systems attacked in a USD 45 million global ATM heist.

Wal-Mart sues Visa for $5 billion over card swipe fees

Last Updated: Friday, March 28, 2014, 05:07

Visa and other card networks charge retailers fees, called swipe fees or interchange fees, each time a shopper uses a debit or credit card to pay.

MasterCard, Visa form group to enhance payment security

Last Updated: Saturday, March 08, 2014, 00:18

Visa Inc and MasterCard Inc, the world`s two largest payment networks, have formed a new cross-industry group to improve payment system security following a number of high-profile data breaches.

Arctic Monkeys say rock-and-roll is the winner at top UK music awards

Last Updated: Thursday, February 20, 2014, 05:47

In the past, the band had responded frostily to their BRIT wins.

Retailers lead Dow, S&P 500 to record closing highs

Last Updated: Friday, December 27, 2013, 06:00

US stocks rose on Thursday, with the Dow and S&P 500 ending at record highs as retail shares rallied following strong data about the holiday shopping season.

US judge approves retail credit card fee settlement

Last Updated: Saturday, December 14, 2013, 02:53

A US federal judge on Friday approved an estimated $5.7 billion class action settlement between merchants and Visa Inc and MasterCard Inc over credit card fees despite objections from thousands of retailers who complained it was inadequate.

MasterCard CEO Banga among Fortune's top 50 people in business

Last Updated: Thursday, November 21, 2013, 23:30

MasterCard's India-born CEO Ajay Banga and the co-CEO of Workday Aneel Bhusri are among the 50 top business leaders in the list which is "filled with executives who defied expectations - buying a newspaper, leaving luxury for Apple - executed big turnarounds and delivered stellar results for their shareholders."

India ranked lowest in basic money mgmt skills: MasterCard

Last Updated: Thursday, August 01, 2013, 16:09

India has been ranked lowest in basic money management skills among Asia-Pacific countries, according to MasterCard's latest Index of Financial Literacy.

WikiLeaks claims victory in Iceland court case

Last Updated: Thursday, April 25, 2013, 09:02

WikiLeaks has said it has secured a victory in Iceland`s SC against financial blockade imposed by Visa and MasterCard on donations for the secret-spilling site.

India No. 4 in MasterCard Consumer Confidence Index: Report

Last Updated: Monday, March 25, 2013, 21:44

India is ranked fourth in the MasterCard Consumer Confidence Index, which is topped by Japan and Hong Kong, according to a report by the global real-time payment processing firm.

Google seeks to cut funds to illegal piracy sites

Last Updated: Wednesday, February 20, 2013, 20:57

Internet search giant Google is in talks with Visa, Paypal and Mastercard to block illegal websites from receiving funding.