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

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

03 Jun 19 @ 15:10

Mastercard has published its strategy for a global, consumer-led future in digital ID. The result of an eighteen-month consultation with governments, security experts and consumers around the world, Mastercard’s paper... read more

03 Jun 19 @ 15:05

Visa and Mastercard have offered to cut interchange fees on payments made by tourists using cards issued outside the European Union to limit fines and end an EU antitrust investigation.... read more

03 Jun 19 @ 15:04

The UK Court of Appeals has overturned a formerly favourable Mastercard interchange fee ruling. The £14 billion lawsuit against Mastercard for imposing charges on UK consumers looks set to proceed... read more

09 Aug 18 @ 14:39

Visa and Mastercard are reported to be close to settling a 13-year-old legal challenge over interchange fees, according to people familiar with the agreement. The two companies and banks including JPMorgan Chase, Citigroup... read more

09 Aug 18 @ 14:01

Mastercard says it will launch Mastercard Send in the UK. Mastercard Send is a payment service that allows financial institutions, FinTechs, digital customers and other businesses to send real-time payments... read more

24 Nov 17 @ 14:01

It can now take as little as nine minutes for stolen card and account data to be used via the darkweb. With this in mind, Mastercard has announced the launch... read more

12 Oct 17 @ 09:52

UnionPay has consolidated its position as the largest card scheme worldwide with more than six billion cards in circulation at the end of 2016, according to recent RBR figures. UnionPay... read more

11 Oct 17 @ 14:46

Mastercard has unveiled a pilot project in Poland to turn smartphones into payment terminals for accepting contactless payments. The solution is aimed at small and micro merchants that have traditionally accepted... read more

08 Jun 17 @ 12:31

Mastercard has unveiled its next generation biometric card, combining chip technology with fingerprints to conveniently and safely identify cardholders for in-store purchases. South Africa is the first market to test the evolved... read more

03 Feb 17 @ 12:57

Mastercard and Visa have committed to accelerating the adoption of an open digital wallet. The card networks announced their agreement to allow each network to request tokenised credentials from the... read more

30 Jan 17 @ 11:53

The Competition and Markets Authority (CMA) has found that Mastercard’s acquisition of VocaLink gives rise to competition concerns. Mastercard already owns and operates credit and debit card schemes Mastercard, Maestro... read more

28 Sep 16 @ 05:55

The largest UK banks are set for another windfall with the sale of the bank-owned payments company VocaLink to Mastercard for £700 million ($920 million). NEWS OF THE deal came... read more

03 Aug 16 @ 07:24

MASTERCARD IS FACING a multi-billion pound damages claim for imposing interchange fees that were ultimately borne by UK consumers. The claim, which could reach £19 billion, would be the biggest... read more

24 May 16 @ 15:24

MASTERCARD HAS entered exclusive talks to buy VocaLink, the British operator of the Faster Payments service, as it bids to capture a greater share of UK debit card payments. Sky... read more

05 Apr 16 @ 15:57

MasterCard has reportedly drawn up plans for a takeover of VocaLink, the bank-owned company which handles £6 trillion-worth of payments in the UK each year. Sky News has learnt that MasterCard,... read more

02 Feb 16 @ 10:10

MasterCard and Visa account for 69 percent of the 2.9 billion payment cards issued in the Americas, and this share continues to rise at the expense of private label cards,... read more

30 Mar 15 @ 07:16

MasterCard is reportedly set to invest an additional $20 million in cyber security measures this year, including biometric protection for mobile apps, and early warning alerts on potential threat vectors.... read more

30 Jan 15 @ 15:04

MasterCard, Comdata and Behalf have teamed up to enable small- and mid-sized businesses (SMBs) to have a more flexible and convenient way to pay their vendors. The initiative helps improve... read more