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VISA AND MASTERCARD COMPETITION
Mastercard to settle UK overcharging lawsuit for £200 millionThe credit card provider was facing a lawsuit worth at least £10 billion - which would have made it the largest-ever claim of its kind. The...- US DOJ to sue Visa over debit card market monopoly: ReportsThe U.S. Department of Justice is set to sue Visa, alleging the company monopolized the debit card market through anticompetitive practices...
- Visa, Mastercard to extend non-EU card fee caps to 2029, EU saysVisa and Mastercard will extend tourist card fee caps with EU antitrust regulators until 2029, announced by the European Commission. Set in...
- Visa’s pricing of token technology under DOJ probe: reportThe DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the de...
- Mastercard reports US antitrust probe of debit card program"Mastercard is cooperating with the DOJ in connection with the CID," the company said in the filing.
- UK watchdog to review post-Brexit Visa and Mastercard feesThe first review will look at why there was a fivefold post-Brexit increase in the cross-border interchange fee that Mastercard and Visa ch...
- WhatsApp gets delayed Brazil nod for paymentsWhatsApp is only allowed to do peer-to-peer payments, not involving merchants. Facebook is still seeking approval to operate with merchants.
- Visa and Mastercard are firming up plans to increase competition against NPCIThe companies – among the most valued financial entities on the planet – are pursuing partnership opportunities with prospective applicants...
- EU fines Mastercard 570 mln euros over cross-border barriersThe Commission granted Mastercard a 10 percent fine reduction for cooperating with its investigation
- Visa takes minority stake in Billdesk, valuation hits $1.8 billionVisa’s investment and collaboration will help BillDesk develop new product lines for its payments and loyalty businesses.
- RuPay set to emerge No 2 card in volume and value of dealsVisa and Mastercard have dominated the debit and credit card industry in India for three decades. NPCI launched RuPay cards about six years...
- Jan Dhan Yojana: RuPay gaining currency irks US companies MasterCard & VisaUS card companies MasterCard and Visa have complained of an invisible mandate to keep them out of Jan Dhan Yojana, the govt's flagship prog...
- Why RuPay has potential to end the dominance of Visa and MasterCard in IndiaThe payment gateway has surely helped the govt achieve its social objective, and it may even end up being a profitable one, competing with ...
- RuPay forces MasterCard to call for fair competitionFacing stiff competition from India's own payment gateway RuPay, MasterCard has called for a level-playing field to stay put in the Indian ...
- MasterCard Calls for a level playing field in Indian marketFacing stiff competition from India's own payment gateway RuPay, MasterCard has called for a level playing field to stay put in the Indian ...
- Visa, MasterCard beat top financial companies as electronic payments boomVisa and MasterCard produced better risk-adjusted returns than 81 US financial firms as the two benefit from a long-term global shift to e-...
- Discover seeking $6 billion in anticompetition lawsuit against MasterCard, VisaDiscover Financial Services is seeking $6 billion in damages in a 2004 lawsuit against Visa Inc. and MasterCard Inc. over anti-competitive ...
- EU in contact with banks about possible rival to Visa, MasterCardThe European Commission said Wednesday that contacts had been held with banks on setting up a payments card network that could rival Visa a...
- Visa in the dock, faces anti-trust probe over price-fixing chargesEU regulators opened an in-depth investigation on Wednesday into whether cross border fees charged by credit card company Visa Europe amoun...
- Visa, MasterCard face Congressional investigationVisa International and MasterCard, which agreed to pay $3 billion to settle a retailers’ antitrust suit and have been targeted by US and Eu...
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