Tag: statements

Mastercard: Fight ‘Gobbledygook’ On Statements

It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. Consumers panic and call their issuers to question these charges.

Sometimes they’re just looking for more information, but other times they skip right to demanding chargebacks because they’re quite sure these purchases aren’t theirs and that they’ve been victims of fraud. But Johan Gerber, Mastercard’s executive vice president of security and cyber innovation, told Karen Webster in a recent conversation that too often consumers are dealing with merchants they did shop with, but whose names showed up funny on credit card statements and weren’t immediately recognizable.


“All of this confusion leads to a really big chunk of chargebacks,” Gerber said. “By 2021, we’re looking already at a cost of $8.6 billion

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TikTok hopes Trump will back off statements to approve Oracle deal

ByteDance Ltd.’s TikTok website is displayed on a smartphone in an arranged photograph.

Andrew Harrer | Bloomberg | Getty Images

Of the many questions still revolving around the fate of TikTok, the biggest one may be if the Trump administration will approve a restructuring plan that keeps China-based ByteDance in control, both financially and operationally, in the U.S.

If you go by his words, President Donald Trump has already ruled this option out. 

“I set a date of around Sept. 15 at which point it’s going to be out of business in the United States,” Trump said in an Aug. 3 news conference. “But if somebody — whether it’s Microsoft or somebody else buys it, that’ll be interesting. … So it’ll close down on Sept. 15 unless Microsoft or somebody else is able to buy it and work out a deal, an appropriate deal, so that the Treasury of the

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