14 May 25 @ 10:23

In a high-stakes move that underscores the strategic value of embedded finance, Visa has reportedly tabled a $100 million offer to displace Mastercard as the network provider behind the Apple... read more

14 May 25 @ 10:01

In a stark move for the crypto and payments industries, Kraken and Mastercard have announced a strategic partnership aimed at enabling seamless crypto payments across the UK and Europe. This... read more

10 Dec 24 @ 10:13

EU antitrust regulators are scrutinising Visa and Mastercard’s Scheme Fee structures as they investigate whether these charges pose an undue burden on European retailers. With a detailed set of questionnaires... read more

22 Oct 24 @ 13:46

The card giants are facing collective UK claims for historical multilateral interchange fee (MIF) overcharging. The Competition Appeal Tribunal has approved UK businesses to seek compensation for losses due to... read more

22 Oct 24 @ 13:20

Mastercard has expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. Recorded Future is the world’s largest threat... read more

14 Aug 24 @ 08:05

Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver payments and core banking (critical back-end technology for product and account management and the customer... read more

31 May 24 @ 13:34

Weeks after reaching a landmark $30 billion settlement on interchange fees designed to provide relief to retail businesses, Mastercard appears to be planning to increase certain credit card fees beginning... read more

06 Jun 23 @ 12:39

Mastercard has announced that the US Justice Department (DOJ) is conducting an antitrust investigation of its US debit program and competition with other payment networks. The company says it had... read more

29 Dec 22 @ 03:28

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

25 Aug 22 @ 10:54

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

25 Aug 22 @ 10:48

The Indian 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

21 Apr 22 @ 09:30

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

21 Apr 22 @ 09:29

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

01 Apr 21 @ 13:19

On 25th January, Mastercard announced an increase in the interchange rate for cross-border e-commerce transactions on credit cards between the UK and EU, from 0.3 percent to 1.5 percent. The... read more

01 Apr 21 @ 12:53

Intuit, a US business and financial software company that develops and sells financial, accounting, and tax preparation software is reported to be suing Mastercard and Visa for fixing interchange fees... read more

01 Apr 21 @ 11:59

Mastercard has partnered with NMI and Global Payments to launch its first live Cloud POS on Phone pilot with the Computer Engineering Group (CEG). In Q3 2020, contactless penetration represented... read more

18 Feb 21 @ 10:18

Mastercard has announced that it will raise interchange fees by about five times the current limit when a UK card holder uses a debit or credit card to buy from... read more

18 Feb 21 @ 10:16

The UK Supreme Court has ruled that it will allow a $18.5 billion (£14 billion) class action to proceed against Mastercard for allegedly overcharging on interchange fees to more than... read more

18 Feb 21 @ 09:51

Mastercard says it will enhance contactless payments by applying the latest quantum-resistant technologies. Mastercard says it has designed the Enhanced Contactless (Ecos) specifications to increase the security and convenience of... read more

19 Oct 20 @ 03:07

Visa and Mastercard recently reported quarterly results. In its fiscal third-quarter earnings, Visa said that revenue expectations had been hit, but the COVID-19 crisis continues to drive mixed spending trends,... read more