Search Results for: MasterCard

The Law Commission of England and Wales Thursday released new recommendations for reforming the criminal code surrounding the taking and sharing of non-consensual sexual images. In England and Wales only “upskirting” and voyeurism are criminalized, but other offenses such as “deepfakes” (putting someone’s face on an existing pornographic video), “downblousing,” and “nudifiying” images (adding someone [...]

In his epochal, controversial and highly polarizing essay, “The Social Responsibility of Business Is To Increase Its Profits,” published in the New York Times Magazine some 70 years ago, Nobel Prize-winning economist Milton Friedman argued against the social responsibility of businesses, and explicitly declared that “the business of business is business.” The shareholder value theory of the [...]

The United Kingdom Payment Systems Regulator (PSR) Tuesday found five payment companies, Mastercard, allpay, Advanced Payment Solutions (APS), Prepaid Financial Services (PFS) and Sulion, infringed competition law by agreeing not to compete or poach each other’s customers in the UK prepaid card market. The case concerns the issue of pre-paid cards that are used by [...]

The Reserve Bank of India on Wednesday indefinitely barred Mastercard, a payment operating company, from issuing new debit, credit or prepaid cards to customers in India over the company’s non-compliance with Indian rules on local data storage. The order, which is an exercise of the Central Bank’s supervisory powers under the Payment and Settlement Systems [...]

In case you haven’t heard, cryptocurrencies have gone mainstream. Well, namely Bitcoin. MicroStrategy, the business software behemoth, was the first corporation to make waves with Bitcoin when it sold $650 million of convertible notes in December to buy the crypto. On February 16, the company added that they will sell an additional $600 million of [...]

Mastercard may be required to pay up to 14 billion pounds ($18.5 billion) after the UK Supreme Court allowed a class action lawsuit to go forward Friday. The lawsuit, which covers 46 million UK adults, was initially blocked by the Competition Appeal Tribunal (CAT) on grounds that the class action case would be too complex [...]

The Uniform Bar Examination is always given on the last Tuesday and Wednesday in July, even, it turns out, in the midst of a pandemic. On July 27, the date of the bar exam, 1,126 lives were lost to COVID-19. Despite this, today almost 200 future lawyers — myself included — sat in-person for the [...]

The US Supreme Court ruled Wednesday in Expressions Hair Design v. Schneiderman that a New York state law that prohibited sellers from applying a surcharge to customers who paid with a credit card regulated...

The US Supreme Court on Monday denied a petition to revive a $7.25 billion antitrust settlement with Visa and Mastercard over claims the corporations illegally filed debit and credit card fees. The...

Attorneys general from 20 states filed an antitrust suit on Thursday alleging price fixing conspiracy against drug giant Mylan NV and five other drugmakers. The complaint alleges that the anti-competitive practices of Mylan and the other...