MasterCard

Mastercard Innovation Forum 2024: Driving the innovation of the future together – Economic Postman –

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Mastercard Innovation Forum 2024: Driving the innovation of the future together – Economic Postman –

The Athens Mastercard Innovation Forum 2024, entitled “Innovating the Future Together”, is back this year with a focus on the payments ecosystem and the latest innovations in the banking and digital economy industry. On Thursday, October 17, leading institutional representatives, distinguished executives from the banking and technology industries, as well as Mastercard senior executives gathered … Read more

The US attacked Visa. They accuse her of illegally stopping competition – News

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The US attacked Visa. They accuse her of illegally stopping competition – News

It’s Tuesday name US Department of Justice. Visa said the claims were baseless and would defend itself in court, Reuters reported. According to the suit, Visa penalized businesses that wanted to use other payment networks and bribed potential competitors to maintain its market position. The moves have slowed innovation and caused significant additional costs for … Read more

Energie Südbayern, Mastercard & Smartlab start a pilot project for a payment terminal

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Energie Südbayern, Mastercard & Smartlab start a pilot project for a payment terminal

The companies Energie Südbayern, Mastercard and Smartlab have entered into a partnership. The aim of the collaboration is to offer another contactless payment option using debit, credit or prepaid cards. As part of a pilot project, the payment center will be integrated into the backend architecture of Energie Südbayern’s charging systems. The solution aims to … Read more

Digitální euro: Alternativa k hotovosti usnadní platby i konkuruje Visa a Mastercard

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Digitální euro: Alternativa k hotovosti usnadní platby i konkuruje Visa a Mastercard

The European Commission has proposed the introduction of a digital euro, which could be available to citizens within a few years. This alternative to cash aims to simplify cross-border payments and enable offline transactions, putting pressure on companies such as Visa, Mastercard, and Apple, or even becoming their competitors. Merchants could potentially save on transaction … Read more

“The Credit Card Clause That Guarantees Price Protection by Refunding the Difference for Cheaper Products”

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“The Credit Card Clause That Guarantees Price Protection by Refunding the Difference for Cheaper Products”

Sometimes the satisfaction of getting a good deal is when you find the same item you bought at a higher price elsewhere. However, this can be reversed, and those headphones you bought for $77 at one store can be $38 at another store down the block. The bad drink can be resolved if the customer … Read more

That’s what a Spotify Premium subscription costs in 2023

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That’s what a Spotify Premium subscription costs in 2023

The logo of the music streaming service Spotify is displayed on a smartphone. Spotify has been tradable on the stock exchange since April 2018. (Foto: imago images/photothek) The music streaming service Spotify provides its users with over 80 million songs for retrieval. For comparison: Competitor Apple broke the 100 million song mark in October 2022 with … Read more

Visa increases profits and revenues strongly

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Visa increases profits and revenues strongly

SAN FRANCISCO Visa’s quarterly results exceeded the average expectations of Wall Street pundits. The stock initially rose by around 1.5 percent in after-hours trading. Visa’s international business in particular posted strong growth as tourism and international travel recovered from the coronavirus pandemic. For example, hotel and flight bookings are often paid for by credit card. … Read more

Visa and Mastercard attribute the increase in costs to fraud

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Visa and Mastercard attribute the increase in costs to fraud

Visa and Mastercard accused of fraud and elevated competition for tax hikes amongst the Uk and the European Union after Brexit, though payment companies deal with a sequence of investigations into the performing of the card industry. The two teams – which accounted for 99% of Uk card payments last calendar year– present their arguments … Read more

UK regulator investigating Visa and Mastercard fees

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UK regulator investigating Visa and Mastercard fees

– Visa and Mastercard logo The supervisors explained the focus on Visa and Mastercard with the market share of the two companies. – (Foto: imago images/Pius Koller) – – – – London The British supervisory authority for payment systems is examining the fee structure of the credit card providers Mastercard and Visa. The Payment Systems Regulator … Read more

World’s largest credit card issuers suspend business in Russia

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World’s largest credit card issuers suspend business in Russia

– Visa and Mastercard credit cards Because of the Russian invasion of Ukraine, the two credit card providers are suspending their business in Russia. – (Photo: dpa) – – – – Washington Because of the Russian invasion of Ukraine, the world’s two largest credit card providers, Visa and Mastercard, are suspending their business in Russia. … Read more