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Here's a peculiar investment strategy: Sell something for $39, and then buy it back less than a year later for more than $100. That's essentially what MasterCard International is proposing to do with its own stock. MasterCard, the credit-card giant, said Tuesday it would seek to repurchase as much as $500 million of its shares [...]

... , which compete with one another in the issuance of payment cards and the acquiring of merchants' transactions." Id., at *4 (internal citation and quotations omitted). These members agree to abide by certain regulations and bylaws promulgated by ... a signed sales receipt, the funds are generally restored to the merchant's account. As set forth in the opinion, in this respect, MasterCard essentially "guarantees payment to CP merchants that retain signed sales receipts reflecting the physical use of ...

... discovered and disclosed by TJX in January of 2007, but it is believed that the fraud began in July of 2005. Visa and MasterCard have pledged support of nearly $65 million combined to help cover losses to banks and retailers due to ... Neff has extensive experience in dealing with these types of matters. We retain experts in the fields of immigration and international law, as well as certified interpreters in nearly every language and dialect. For a confidential consultation, contact Marc Neff via ...

... Circuit: Perfect10 v. Visa International: Perfect 10, Inc. (Perfect 10) sued Visa International Service Association, MasterCard International Inc., and several affiliated banks and data processing services (collectively, the Defendants), alleging secondary ... makers, software companies and even utility companies. "The electric companies should be liable far faster than Visa and MasterCard," said Andrew P. Bridges, the San Francisco attorney who represented Visa and MasterCard. "Hey, it takes ...

... a lawsuit brought by more than 300 New England banks against the retailer -- cite Visa USA and Mastercard International executives as well as a security consultant to paint a grim picture of the lack of security that allowed intruders into the retailer's ... 2007, Visa established that 65 million unique accounts had been compromised because of the breach, Majka stated. Mastercard International estimated that at least 29 million cards of its cards had been compromised, the card company's Director of ...

... , I'm guessing hundreds if not thousands of others, appears to have caught the attention of the Department of Justice, judging by the 10Q that Mastercard International (MA) filed a short time ago. In the filing, the company notes a new investigation by DOJ that was launched on Oct. 10: On October 10, 2008, the Antitrust Division of the DOJ issued a CID to MasterCard and other payment industry participants seeking information regarding certain rules relating to merchant acceptance, ...

... good idea to head up law firm marketing departments with people outside the profession? Here's the internal memo from Ralph Baxter, Chairman and Chief Executive Officer of Orrick. "I am very pleased to announce ... He has served in senior roles at Washington Mutual, General Electric's Genworth Financial and MasterCard International. Earlier in his career, he was with Grey Advertising and Coca-Cola. He will lead our talented senior staff of Jolie Goldstein, Chief Client Relations Officer, John Hodder, ...

... a super-banner year. After all, in the last year-and-a-half client American Express Company settled its antitrust cases against Visa, Inc., and Mastercard International, Inc., for a series of payments that could reach $4.05 billion; David Boies had previously told The American Lawyer that the firm was working for a partial contingency fee. Korologos declined to discuss details of the fee. We don't expect to ...

... . "If you're MasterCard, and you're sitting in New York and saying to yourself, 'I represent MasterCard worldwide, I want this to be an international player' -- why not Toronto?" I'm not sure this passes the smell test. Last time I ... Quebec, but does that make Canada "European"? There's two other possible explanations; both are rooted in the fact that the MasterCard foundation is more of a corporate governance device than a philanthropic endeavor. Neutral Territory. The US and European banks who ...

... their cardholders." Mr. Hanft continued, "Banks that were prevented from fully evaluating MasterCard's debit offering because of the SSF will now be permitted to terminate their agreements ... SSF effectively prevented Visa's top 100 debit issuers from issuing on MasterCard's network. Mr. Hanft said Visa's intention to put in place ... making independent brand decisions was unmasked by the Court through extensive evidence, including Visa's own internal documents. Barry Barnett Get hungry for our feed ...