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Payment industry giants MasterCard and Visa have joined forces to create of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. Announced on Friday, the group will initially focus on the adoption of EMV chip technology in the United States, in addition […]

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NEW YORK (AP) — Visa and MasterCard are introducing Internet-based technologies to make it easier for shoppers to buy things at retail stores without pulling out a credit card.

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NEW YORK (AP) — MasterCard said its third-quarter profit rose 14 percent as it got a boost from overseas growth and processed more payments.

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