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Corporate conductRulingAgainst
Mastercard investigated Eaze for routing customers through fake websites with misleading billing descriptors to fool banks about the nature of the transaction
Mastercard investigated and, according to court documents, found that Eaze had been routing its customers through fake websites with innocuous billing descriptors to fool banks about the nature of the transaction.
Mastercard investigated and, according to court documents, found that Eaze had been routing its customers through fake websites with innocuous billing descriptors to fool banks about the nature of the transaction.
Reproductive careConfirmedYou decide
Mastercard covers employee travel for out-of-state abortions
With the move, Mastercard is joining companies including Citigroup Inc., Apple Inc. and Match Group Inc. in promising to cover employees’ travel costs incurred to access abortion.
Mastercard joins other companies in covering employees’ travel for out-of-state abortions
Mastercard has long paid for workers to travel to access other health services, including organ transplants and other specialty surgeries, according to the memo.
Mastercard Inc. said it would help pay for workers to travel to access abortions if pregnancy terminations aren’t available in their home state.
MasterCard, PayPal and Starbucks are among the companies on a growing list to say they'll help pay for employees to travel for abortions if the procedure is not available where they live.
Corporate conductRulingAgainst
The European Commission fined Mastercard €570 million for obstructing merchants' access to cross-border card payment services
The final decision states that Mastercard was fined antitrust law.
Antitrust: Commission fines Mastercard €570 million for obstructing merchants' access to cross-border card payment services The European Commission has fined the card scheme Mastercard €570 566 000 million for limiting the possibility for merchants to benefit from better conditions offered by banks established elsewhere in the Single Market, in breach of EU antitrust rules.
The post Mastercard Agrees To Settle $26M Discrimination Lawsuit That Accused It Of Underpaying Female, Black, And Hispanic Employees appeared first on AfroTech.
Mastercard Agrees To Settle $26M Discrimination Lawsuit That Accused It Of Underpaying Female, Black, And Hispanic Employees
Mastercard has agreed to settle a discrimination lawsuit impacting its minority employees.
14, Mastercard, a credit card company with roughly 32,000 employees globally (after last year's layoffs), agreed to a $26 million class action settlement in a race and gender discrimination lawsuit, two years after negotiations began.
Mastercard slapped with $26 million discrimination lawsuit after being accused of underpaying thousands of employees
Mastercard slapped with $26 million discrimination lawsuit after being accused of underpaying thousands of employees | Fortune
14, Mastercard, a credit card company with roughly 32,000 employees globally (after last year’s layoffs), agreed to a $26 million class action settlement in a race and gender discrimination lawsuit, two years after negotiations began.
Mastercard slapped with $26 million discrimination lawsuit after being accused of underpaying thousands of employees
By Hailey Konnath ( January 14, 2025, 9:15 PM EST) -- Mastercard Inc. has agreed to shell out $26 million and change its hiring practices to put to rest a proposed class and collective action alleging sex, gender, race and ethnicity-based employment discrimination, according to a motion filed Tuesday, the same day the workers sued in New York federal court....
In January 2025, Mastercard, while denying wrongdoing, agreed to pay $26 million to settle claims that it “systematically” hired female, black and Hispanic workers into lower-level roles than male and/or white new hires, which resulted in them being paid less for performing “substantially equal or similar work.”14 The complaint claimed that “[i]nequity in compensation based on gender and/or race compounds over time because periodic compensation decisions, such as salary increases and promotions, are based on current job code.”15 In addition to the financial payout, Mastercard “agreed to hire consultants to audit its pay practices and an industrial psychologist who will review the company's ‘career ecosystem,’”16 assessments that a racial equity audit could draw on.
Elections & votingConfirmedYou decide
Mastercard suspends donations to election-voting Congress members
Mastercard suspended donations to members of Congress who voted to object to the 2020 election certification.
Mastercard stated that it was suspending donations “to members of Congress who voted to object to the certification of the 2020 election,” according to an internal announcement obtained by Popular Information.
Corporate conductConfirmedAgainst
CFPB orders Mastercard and UniRush to pay $10 million in restitution
The CFPB has ordered Mastercard and UniRush to pay an estimated $10 million in restitution to tens of thousands of harmed customers.
The combination of workforce cuts and an AI focused product launch suggests that Mastercard is reworking its priorities around where capital and talent are deployed.
Corporate conductConfirmedAgainst
Mastercard settles consumer protection violation
The U.S. CFPB settled with Mastercard over unfair practices in the Rush Card program.
Antitrust: Commission prohibits MasterCard's intra- EEA Multilateral Interchange Fees The European Commission has decided that MasterCard's multilateral interchange fees (MIF) for cross-border payment card transactions with MasterCard and Maestro branded debit and consumer credit cards in the European Economic Area (EEA) violate EC Treaty rules on restrictive business practices (Article 81).
UNITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU File No. 2017-CFPB-0010 In the matter of: UniRush LLC and Mastercard International Incorporated STIPULATION AND CONSENT TO THE ISSUANCE OF A CONSENT ORDER The Consumer Financial Protection Bureau (Bureau) intends to initiate an administrative proceeding against Mastercard International Incorporated (Respondent), under 12 U.S.C. §§ 5563 and 5565, for its activities related to the conversion of the Rush Card prepaid card program onto the payment processing platform of the Mastercard Payment Transaction Services division of Mastercard International Incorporated (MPTS) in violation of the Consumer Financial Protection Act of 2010's (CFPA) prohibition on unfair, deceptive, or abusive acts or practices, 12 u.s.c.
Respondents ended the extended blackout period before all the files containing RushCard account activity information (including recent transaction and balance information) were loaded on MPTS’s processing platform, but only after Mastercard agreed to cover any losses to UniRush caused by consumers who spent more funds than they had available on their RushCards, a possibility resulting from MPTS’s authorization of transactions without the most up to date account balance information. 19.
ITED STATES OF AMERICA CONSUMER FINANCIAL PROTECTION BUREAU AD MINISTRATIVE PROCEEDING File No. 2017-CFPB-0010 In the Matter of: CONSENT ORDER UniRush LLC and Mastercard International Incorporated Th e Consumer Financial Protection Bureau (Bureau) has reviewed the practices of UniRush LLC (UniRush) and the Mastercard Payment Transaction Services division of Mastercard International Incorporated (MPTS) and has identified the following law violations: UniRush and MPTS engaged in unfair acts or practices by failing to conduct adequate testing and preparation for the conversion of the RushCard prepaid card program onto the MPTS payment processing platform in violation of sections 1031 and 1036 of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C.
The Mastercard Foundation Scholars Program supports highly talented, service-oriented young people, primarily young Africans, in pursuing higher education and leadership development.
Corporate conductConfirmedAgainst
Mastercard modifies network rules for cross-border competition
Mastercard modified some network rules to allow more cross-border competition between its member banks.