On the 21st of August, Mastercard launched its CBDC program, to help central banks explore the benefits and limitations of CBDCs.
Visa
Mastercard denied a report saying it is planning to increase the fees that merchants are charged when their customers use credit cards to pay.
Mastercard issued a memo instructing financial institutions to disallow cannabis payments on its debit cards, igniting a nationwide debate.
1. Lithium Price Slide Deepens as China Battery Giant Bets on Cheaper Inputs By now, it is out in the open that the COVID-19 pandemic played a remarkable role in hastening the global reliance on lithium for EV batteries as the world pushes to reduce carbon emissions as it marches on a path towards an […]
U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and […]
Visa Inc plans to invest $1 billion over the next five years in Africa to capitalize on the emerging economy’s rapid growth in digital payments, the company said at the U.S.-Africa Leaders Summit on Wednesday. U.S. President Joe Biden is hosting dozens of African leaders for the three-day event, which started on Tuesday in Washington, […]
Payments giant Visa Inc said on Wednesday it has issued over 4 billion network tokens worldwide through its security technology Visa Token Service (VTS), outpacing the total number of its physical cards in circulation. VTS replaces 16-digit Visa account numbers with a token that only Visa can unlock, protecting the underlying account information. “Without exposing […]
U.S. payments firms Visa Inc and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients and partners to cease all transactions there. Within days, all transactions initiated with Visa cards issued in Russia will no longer work outside of the country […]
A new service was launched on Wednesday by the world’s largest payment processor, Visa Inc, which is a global crypto advisory service for clients such as banks and also merchants. “We came to Visa to learn more about crypto and stablecoins and the use cases that are most relevant for our retail and commercial business […]
By KEN SWEET AP Business Writer NEW YORK (AP) — Visa is purchasing the financial technology company Plaid for $5.3 billion, a major push by the payment processing giant into other types of money transfer systems outside of Visa’s traditional credit and debit card business. Plaid allows consumers to link their bank accounts to financial […]