Showing results for 'Mastercard ' in all areas
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UK Supreme Court rules against Visa and Mastercard in interchange fees battle

17 Jun 20 @ 11:40

The UK’s Supreme Court has ruled in favour of a group of retailers including J Sainsbury in the long running battle around historic interchange fees the networks charged leading to... read more

Mastercard defends £14 billion interchange fee action in supreme court

14 May 20 @ 10:54

Mastercard is facing a claim of up to £14 billion in a landmark UK collective action case over interchange fee charges that were passed on to shoppers. This week, a... read more

Mastercard updated Q2 2020 operating metrics reflect COVID-19 impact

14 May 20 @ 10:11

Mastercard has updated its operating metrics with an additional two weeks of information, in which it is monitoring the impact of the COVID-19 pandemic and related actions being taken by... read more

IBM, R3, Mastercard join digital identity consortium Trust over IP (ToIP)

06 May 20 @ 15:47

The Linux Foundation has launched the Trust over IP (ToIP) Foundation with the aim of creating digital identity standards to enable parties to share data with trust. Aiming to ensure interoperability... read more

Visa and Mastercard hit quarterly revenue estimates despite COVID-19

04 May 20 @ 15:18

Despite tough trade winds, both Visa and Mastercard have been able to post good quarterly results. Shares of Mastercard rose after it posted Q1 earnings that exceeded expectations. Adjusted earnings... read more

MASTERCARD TRIALS DIGITAL IDENTITY IN REAL-WORLD TESTS

12 Feb 20 @ 15:14

Mastercard is to test a new digital identity service with the potential to verify a person’s identity immediately, safely and securely in both the digital and the physical world. The... read more

Mastercard prepare for domestic operations in China through NetsUnion JV

11 Feb 20 @ 15:56

Mastercard has announce that it has received in-principle approval from the People’s Bank of China (PBOC) to begin formal preparations to set up a domestic bankcard clearing institution in China.... read more

Australian regulator seeks to break Visa and Mastercard debit card dominance

10 Feb 20 @ 16:29

It has been reported that the Australian regulator, RBA, will consider intervening to stop banks from automatically directing contactless debit card payments through the Visa and Mastercard networks, the central... read more

Visa and Mastercard heading to be the next trillion dollar companies

03 Feb 20 @ 18:35

Soaring stock prices are propelling Visa and Mastercard up the market value charts, where they currently rank 7th and 11th among companies in the benchmark S&P 500 index. The stock... read more

PAYPAL BEATS VISA AND MASTERCARD TO FIRST CHINESE PAYMENTS LICENCE

18 Dec 19 @ 15:09

PayPal has beaten off competition from payments giants Visa and Mastercard to become the first foreign company to acquire a payments licence in China. PayPal obtained the license through the... read more

Mastercard trials Digital Identity in real world tests

16 Dec 19 @ 16:41

Mastercard is to tests a new digital identity service that has the potential to verify a person’s identity immediately, safely and securely in both the digital and the physical world.... read more

FTC targets Visa and Mastercard in Debit card transactions enquiry

18 Nov 19 @ 10:51

The Federal Trade Commission (FTC) has initiated a preliminary inquiry on Visa and Mastercard for possibly prohibiting merchants from using other debit networks, Bloomberg Law reports. The regulator is looking... read more

Consumer purchase volume send Mastercard beyond results expectations

29 Oct 19 @ 10:47

Consumer purchase volume running through the Mastercard network rose by 14% during Q3 2019, accelerating slightly from Q2, driving revenue and earnings per share past Wall Street’s expectations. Revenue at... read more

MASTERCARD BETS BIG ON ACQUISITIONS

13 Oct 19 @ 14:06

Mastercard has reported strong growth in its core business in Q2 2019, at a time when the network continues its push for contactless cards and development of the new Secure... read more

Visa and Mastercard reconsider involvement in Libra Coin

03 Oct 19 @ 14:55

First it was a group of influential banks, then it was the EU regulator, now, Visa, Mastercard and other key financial partners are reconsidering their involvement in Libra Coin, Facebook’s... read more

PayPal beats off Visa and Mastercard to obtain first Chinese payments licence

01 Oct 19 @ 07:57

PayPal has beaten off competition for payments giants Visa and Mastercard to become the first foreign company to acquire a payments licence in China. PayPal obtained the license through the... read more

Mastercard to offer retailers fee incentive to boost cashback in the UK

12 Sep 19 @ 10:04

Mastercard has outlined a new initiative to increase the UK’s access to cash. Local shops and businesses who choose to offer cashback in conjunction with a purchase, will from April... read more

Mastercard and R3 partner on blockchain powered cross border payments

11 Sep 19 @ 10:11

R3 and Mastercard have signed a strategic partnership to develop and pilot a new blockchain-enabled cross border payments solution that will initially focus on connecting global faster payments infrastructures, schemes... read more

Mastercard buys Nordic payments platform Nets for $3.19 Billion

06 Aug 19 @ 14:06

Mastercard has once again been the more aggressive as it muscled in front of Visa to buy the Nordic payments platform Nets for €2.85 billion ($3.19 billion), using its biggest-ever... read more

Mastercard betting big on acquisitions as volume increases 18%

02 Aug 19 @ 09:44

Mastercard has reported strong growth in its core business in Q2 2019, at a time when the network continues its push for contactless cards and development of the new Secure... read more

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Major UK Banks unite to develop digital verification service

30 Jun 26 @ 07:05

Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and Santander UK are working with UK Finance in the development of a voluntary ... more

Legacy infrastructure leaves Banks unprepared for real-time

06 Jul 26 @ 20:34

European banks risk falling behind in the race towards real-time payments and faster securities settlement unless they accelerate investment in automation and m... more

Visa expands AI and Cybersecurity strategy in Europe

07 Jul 26 @ 19:13

Visa has unveiled a new cybersecurity platform designed to help financial institutions identify threats before they develop into fraud, while simultaneously rev... more