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Breaking News articles for December 2021

NRF: Digital options stretch holiday shopping

Friday, December 3, 2021

The National Retail Federation reported on Nov. 30, 2021, that 2021 Black Friday sales exceeded expectations, with 179.8 million shoppers making in-store and online purchases over the holiday weekend. The NRF expects these increases to continue, based on early data culled from the association's October and November surveys, NRF analysts stated.

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Mastercard hardens SaaS billing rules

Thursday, December 2, 2021

Growing popularity of subscription-based services prompted Mastercard to update guidelines for direct marketing, continuity and subscription merchants classified as MCC 5968 in Mastercard's merchant category code list. Revised rules require "high-risk negative option billing merchants" to be transparent and responsive with customers enrolled in free trials and subscription services, according to Mastercard's Security Rules and Procedures – Merchant Edition, published Feb. 9, 2021, and subsequent bulletin distributed in November.

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