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A BP station at Ashland and Fullerton in Chicago, March 7, 2011. (Nancy Stone/Chicago Tribune)
U.S. retail gasoline demand rose 1.7 percent last week but remained below year-earlier levels, MasterCard Advisors’ SpendingPulse report showed Tuesday.
Average gasoline demand by the world’s top consumer hit 9.3 million barrels per day in the week to March 18, the report showed, the second straight week of gains. Get the full story »
MasterCard Inc. on Tuesday said increased use of credit and debit cards overseas helped lift its third-quarter profit by 15 percent.
The Justice Department sued American Express on Monday for allegedly violating antitrust law over credit card acceptance rules, and settled with Visa and MasterCard on the same issue.
The Justice Department, in a filing with the U.S. District Court for the Eastern District of New York, said the case was focused on credit card companies’ efforts to stop merchants from steering customers to credit cards with lower fees imposed on the merchant.
In a proposed final judgment, Visa and MasterCard must allow merchants to offer discounts to customers who use cards that charge the stores less. Get the full story »
American Express tells online customers that they’re 30-plus days past due when they’ve only missed their payment deadline by a few days, according to a study released Monday on late-payment policies of credit card companies. Get the full story »
