Visa and MasterCard are potential buyers to acquire fintech Pismo
In a move that signals its ambition to expand into cloud-based banking and payment services, Visa is reportedly looking to buy Pismo, the Brazil-based FinTech firm. According to reports, Visa has upped its bid from $1 billion to $1.4 billion for Pismo, which offers cloud services to banks and boast... Read more
FTC orders Mastercard to end “illegal business tactics”
The government agency alleges Mastercard has violated U.S. law and Federal regulations.
The United States Federal Trade Commission is ordering an end to what it says are illegal business tactics that Mastercard has been using to force merchants to route debit card payments through its payment ne... Read more
Mastercard buys identity verification company Ekata
Mastercard will acquire Ekata's Identity Engine SaaS in a deal worth $850 million
This week Mastercard moved to advance its identity verification efforts with the acquisition of Ekata for US$850 million.
Ekata provides global identity verification data via application programming interfaces.... Read more
US tech executives sold 3.6 billion dollars in company shares in May
American executives of large tech companies sold 3.6 billion dollars (3.3 billion euros) in company shares in May. According to financial data collected by FinWiz.
While stock markets around the world are struggling with the consequences of the ongoing corona crisis, many board members of large ... Read more
Major tech companies collaborate in CyberPeace Institute
A number of major tech companies have decided to collaborate and set up a non-governmental organization (NGO) that aims to stop the growth of global cybercrime. The group is called the CyberPeace Institute, and was founded by Microsoft and Mastercard, among others.
The CyberPeace Institute was s... Read more
Tim Cook confirms rollout of Apple Card next month
Apple CEO Tim Cook has confirmed that the Apple Card, Apple's own credit card, will roll out next month. Earlier there were rumours that the credit card would appear at the beginning of August.
At the moment there is a beta test of the map, says Cook opposite TechCrunch. Thousands of Apple employees... Read more
Contactless payments and mobile wallets increasingly important for consumers
Consumers are getting used to the idea of being able to pay anytime, anywhere, anytime and however they want. Research on social media shows that the attention for contactless payments and mobile wallets is increasing considerably. The convenience of this seems to be leading to its popularity.
Each ... Read more
Mastercard wants to take over part of the GDPR responsibility of companies
Little data is more sensitive than customers' personal and payment data. Anyone who is hacked not only has a great responsibility but also suffers irreversible damage to their image. Payment specialist Mastercard wants to meet these requirements.
Mastercard is no longer a credit card company, but a ... Read more
Binance makes it possible to buy cryptic currency with a credit card
Binance now also allows users to spend money they don't have. To this end, the platform has added support for Mastercard and Visa credit cards.
The use of credit cards in cryptographic currency is somewhat controversial. This is because of the risks involved. Just think of the way in which the pric... Read more
Mastercard and Microsoft work together on digital universal ID technology
Mastercard and Microsoft have joined forces to create a universal, digital ID technology. Although not much has been officially announced about the plans, it is clear that the two companies want to streamline everything from shopping to basic services such as health care.
Yesterday Mastercard and Mi... Read more