Mastercard

A landmark class action case against Mastercard, which if successful could see millions of UK consumers potentially receive £100s each in damages, has been given the green light to go ahead.

A landmark class action case against Mastercard, which if successful could see millions of UK consumers receive £100s each in damages, is set to return to court next month. It's the latest step in a case that has rolled on for almost five years. Here's an update on the most recent developments and what the next stage means for consumers. 

Some Ocado customers who made orders before Christmas using their Mastercards have only just had their payments taken, leaving them with delayed charges of £100+ in some cases.

We've long warned travellers to pay in the local currency rather than pounds to avoid hideous exchange rates – and from Friday, if you've a Mastercard prepaid card you won't be offered transactions in pounds at all.

Card schemes are taking action to deal with a security flaw which means lost or stolen contactless cards can be used AFTER they've been cancelled – but some of the changes will take months to come in and cards will continue to be usable in some cases.

Mastercard users will be able to verify their identity using fingerprint scans or facial recognition when they pay for something online next year.

Mastercard users can collect points when shopping at 'sustainable' retailers as part of a new loyalty scheme.

Holidaymakers paying by card are being hit with hideous exchange rates because some card machines allow foreign shops, hotels and restaurants to rip off customers by switching the currency AFTER they've entered their PIN, a MoneySavingExpert.com investigation reveals.

The former financial services ombudsman behind a £14 billion lawsuit against Mastercard on behalf of 46 million consumers hopes to appeal its dismissal.

An unprecedented legal bid to bring a class action lawsuit against Mastercard – which could have seen  46 million consumers each receive £100s in compensation – has been turned down by a tribunal.