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News Summary: MasterCard 2Q profit rises

BIG SPENDERS: MasterCard, the payments processing company, reported a 19 percent increase in its second-quarter profit as more people worldwide used its debit and credit cards to make payments. Full story

Earnings Squad: MA, BUD & BKW

   The CNBC "Earnings Squad" dissects the earnings stories and play on MasterCard, Anheuser Busch Inbev, and Burger King.

MasterCard posts 21 percent rise in profit, shares rise

(Reuters) - MasterCard Inc <MA.N> reported a better-than-expected 21 percent rise in quarterly profit as more people used cards to make payments, sending its shares up 3 percent before the bell. Full story

News Summary: EU cracks down on card payment fees

CAP PROPOSED: The European Union is considering legislation to cap the fees paid by retailers to banks every time a customer pays with plastic. Full story

How Far Can Visa Earnings Climb?

The card giant is still on top of its industry, and Visa earnings growth looks to stay strong for years to come. Full story

M&T Bank 2Q profit up 53 percent

M&T Bank's second-quarter net income rose 53 percent, helped by a $62 million gain from the sale of the bank's holdings of Visa and MasterCard shares. Full story

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Articles

European Commission proposal calls for cap on card transaction fees: FT

6 stocks that stand out in a sizzling stock market

Why did Blackrock Advisors Bet Big on These Financial Companies?

WikiLeaks claims victory as credit card donations flow again

MasterCard in final battle to overturn EU ban on card fees

Visa, Mastercard ask U.S. court to declare card fees are lawful

For banks in cyber heist, how to get their money back?

Indian companies at center of global cyber heist

Exclusive: Indian card processor in $45 million heist is ElectraCard - sources

Visa enjoys upbeat quarter, MasterCard lags

Video

  Credit Card Users: Brace for 'Checkout Fees'?

A look at brand new checkout fees Visa and MasterCard users could be facing, with CNBC's Kayla Tausche. Courtney Reagan says retailers understand additional charges will not make consumers happy.

  Credit card users could get hit with four percent 'checkout fee'

CNBC's Mandy Drury reports on the new surcharge some merchants could impose on Mastercard and Visa customers.

  Businesses can now charge for credit card use

Good news for retailers, not for consumers: The fallout of a class-action lawsuit in July means that businesses may charge 4 percent for using a Visa or Mastercard. NBC’s Katy Tur reports.

  Cramer's Six in 60: Weyerhaeuser, Best Housing Play

Cramer shares six stocks to watch, and reveals them in under 60 seconds, including, McDonald's, MasterCard and Lululemon.

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Related Photos

An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon
An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon

An employee stands behind a MasterCard logo during the launch of the international credit card issuer's first ATM transaction in Myanmar, in Yangon November 15, 2012.REUTERS/Soe Zeya Tun

MasterCard credit cards are seen in this illustrative photograph taken in London
MasterCard credit cards are seen in this illustrative photograph taken in London

MasterCard credit cards are seen in this illustrative photograph taken in London December 8, 2010.

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong
MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong

MasterCard and VISA credit cards are seen in this illustrative photograph taken in Hong Kong December 8, 2010. REUTERS/Bobby Yip