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Mastercard Inc

Visa & Mastercard execs grilled by senators on high swipe fees

by Valentin Shriner
Visa & Mastercard execs grilled by senators on high swipe fees

The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other …

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Mastercard to buy subscription management startup Minna Technologies

by Sipho Sepamla
Mastercard to buy subscription management startup Minna Technologies

BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan …

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DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’

by Merchant Moller
DOJ accuses Visa of monopoly that impacts price of ‘nearly everything’

Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing …

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What’s likely to move the market

by Merchant Moller
What’s likely to move the market

Traders work on the floor of the New York Stock Exchange during morning trading on September 04, 2024 in New York City.  Michael M. Santiago | Getty Images Stocks @ …

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Visa to launch pay-by-bank payments, an alternative to credit cards

by Sipho Sepamla
Visa to launch pay-by-bank payments, an alternative to credit cards

Nurphoto | Nurphoto | Getty Images Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. Visa, which alongside …

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Food delivery fees are rising, and everyone’s feeling the pinch

by Mark McDuffie
Food delivery fees are rising, and everyone’s feeling the pinch

A food delivery messenger is seen in Manhattan.  Luiz C. Ribeiro | New York Daily News | Tribune News Service | Getty Images Food from the restaurant of your choosing, …

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FTC launches probe into ‘surveillance pricing’

by Merchant Moller
FTC launches probe into ‘surveillance pricing’

Lina Khan, chair of the Federal Trade Commission, speaks during the 2024 CNBC CEO Council Summit in Washington, D.C., on June 4, 2024. Shannon Finney | CNBC The Federal Trade …

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Mastercard to phase out card entry for e-commerce by 2030 in Europe

by Sipho Sepamla
Mastercard to phase out card entry for e-commerce by 2030 in Europe

Roberto Machado Noa/ LightRocket via Getty Images LONDON — The experience of paying for products and services online could feel a lot different in the coming years. Starting from 2030, …

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UBS backs $37 million round for climate fintech startup Doconomy

by Merchant Moller
UBS backs  million round for climate fintech startup Doconomy

From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on …

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Trustly posts 51% profit jump; CEO says IPO at least 2 years out

by Sipho Sepamla
Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, …

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