31 Oct 22 @ 18:04

Its that time again…and its been another stellar quarter for most of the big payments companies even as the rival Big Tech sector has seen a sell off. Strong consumer... read more

12 Oct 22 @ 08:13

In Q1 2021, Mastercard saw 1 billion more contactless transactions compared to the same period in 2020, and in Q2 2021, 45% of all in-person checkout transactions globally were contactless.... read more

05 Oct 22 @ 12:23

A significant class action lawsuit has been served against Visa and Mastercard at the UK’s specialist competition tribunal on behalf of a large number of claimants seeking damages for allegedly... read more

21 Sep 22 @ 16:34

Last week, 1,668 retailers and more than 200 trade organisations urged the US Congress to pass the The Credit Card Competition Act, which gives merchants a choice in the routing... read more

25 Aug 22 @ 13:24

Visa and Mastercard have both cited fraud as the primary reason for their respective increase in interchange fees between the UK and the EU after Brexit. Both companies face a... read more

21 Jun 22 @ 16:57

The UK’s Payment Systems Regulator (PSR) has set out its plans showing how it proposes to carry out two market reviews focusing on card fees. One looks at scheme and... read more

17 Jun 22 @ 11:47

The India Central Bank has lifted its restrictions on Mastercard issuing new cards in the domestic market, nearly a year after imposing the ban, after it demonstrated “satisfactory compliance” with... read more

01 Jun 22 @ 13:02

Mastercard finds itself in the dock with the Australian Competition and Consumer Commission (ACCC) which has launched an civil action over alleged anti-competitive pricing activity in the card payments market.... read more

17 May 22 @ 16:10

Mastercard says it will trial a biometric payment system for physical stores, using facial recognition biometrics rather than contactless cards, smartphones or memorable PINs. The Biometric Checkout Program, as it... read more

13 Apr 22 @ 16:00

Mastercard has joined the land grab by major payments players and banks into the Metaverse, with new filings related to NFTs, virtual worlds and more. The 15 filings by Mastercard,... read more

10 Mar 22 @ 12:04

As per previous Payments Cards & Mobile reports, former financial services ombudsman Walter Merricks is bringing, a now £14 billion interchange fees claim, on behalf of around 46 million people... read more

07 Mar 22 @ 10:01

Visa, Mastercard and American Express have suspended operations in Russia. The decision followed a request by Ukraine’s President Volodymyr Zelensky and threatens to further isolate a Russian economy facing crippling... read more

01 Mar 22 @ 16:43

Visa and Mastercard say they have blocked multiple Russian financial institutions from their network, complying with government sanctions. Visa said it was taking prompt action to ensure compliance with applicable sanctions,... read more

22 Feb 22 @ 09:30

Berkshire Hathaway, as has been widely reported, sold more than $3 billion in stock in the payment giants Visa and Mastercard – but why? According to a securities filing in... read more

28 Jan 22 @ 15:35

Its earning week! Visa topped $7 billion in quarterly revenue for the first time, buoyed by a quicker-than-expected resumption in travel spending and sustained growth in categories like e-commerce that... read more

09 Sep 21 @ 16:22

Mastercard has extended its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. As... read more

19 Aug 21 @ 13:26

A £10 billion ($14 billion) class action against Mastercard for unfair interchange fees, in which the claimants say 46 million British adults could be eligible for roughly £300 each if... read more

09 Aug 21 @ 10:55

Sainsbury’s has reached a settlement with Mastercard over over interchange fee that the UK’s highest court ruled are unlawful last year. British courts ruled last year that so-called interchange fees... read more

06 Aug 21 @ 15:04

Apple Cash has made a significant update to its product to include Instant Transfer support for Mastercard debit cards, while an upcoming change will increase transfer fees to 1.5% of... read more

16 Jul 21 @ 10:50

India’s decision to ban Mastercard for non-compliance with data storage rules has unsettled the country’s financial sector as it will disrupt banks’ card offerings and hit revenues, payments and banking industry... read more