Mastercard

Visa Inc. and Mastercard Inc. are getting close to settling a 13-year-old lawsuit over fees charged when merchants accept card payments, according to a person familiar with the agreement.

American Express prevailed Monday in an eight-year antitrust battle with the government. Here’s a look at how other card networks, banks, retailers and consumers will be affected.

Mastercard's Cardless ATM service, developed with Diebold Nixdorf, resembles the technology many banks have adopted in the last few years — but Mastercard's offering sheds the limitation of being tied to a specific bank's ATMs.

Two factions that have taken on the card networks on separate fronts are combining their might in the latest effort to pressure Visa and Mastercard. Even so, there is not a lot of reason for the credit card brands to change their methods.

While the 'buy button' is designed to benefit merchants, issuers and the card networks alike, merchants may not be willing to risk any tradeoff in their access to customer data.

Mastercard is working with Starling Bank as its strategic partner to settle funds sent within the U.K. through its Mastercard Send service.

One thing is clear: This outage, however brief, undermines the card networks' ability to market themselves as the fundamental platforms for a new era of payments technology.

Mastercard is launching AI Express, a service to help companies develop and deploy tailored payment solutions leveraging artificial intelligence.

In an advancing digital age, banks and merchants rarely question the data that advanced analytics and artificial intelligence can provide about their customers' financial and payments habits. But are they using data analytics to its fullest potential?

Avoiding repeating past mistakes will not be enough. Visa, Mastercard, Amex and Discover need to bring some added value that could trump PayPal’s already end-user-friendly solutions, writes Adriana iordan, vice president of product management for 2Checkout.

Visa Canada plans to offer real-time B2B and B2C disbursements via its Visa Direct card-to-card transfer service, competing head-on with Canada's Interac network and a product Mastercard launched in the country earlier this year.

Bank executives say artificial intelligence will create jobs, while analysts say the opposite. Employees are anxious but willing to try to work with it. All agree AI is already making an impact.

Despite Canada's high penetration of contactless POS terminals and consumer affinity for the technology, the country has lagged behind nations such as the U.K. and Singapore in contactless payments. That is set to change as Canada's transit schemes launch contactless open-payment systems.

From a refresher on basic payments terminology to the new battle of VHS vs. Betamax, here are some of the highlights from the recent Trellance conference in Fort Lauderdale.

A challenge for governments and banks in emerging countries is persuading consumers and small businesses to move from the informal cash economy to electronic payments. A project in Peru may be the answer.

Visa and Mastercard's "single button" for online payments seems like it would most directly threaten PayPal, but the card networks' campaign puts just as much pressure on Amazon's omnichannel push.

Mastercard's CEO sang the praises of a single "button" for online purchases, a stance that puts heat on online payment leader PayPal without the whiff of a direct attack.

In the ongoing quest to replace PINs and passwords, Mastercard has introduced a kit enabling consumers to register their own fingerprint on a biometric card at home, bypassing the need to visit a bank.

Mastercard has appointed Caroline Louveaux, one of its longtime data privacy experts, to be chief privacy officer, operating from the company’s offices in Brussels.

IoT and omnichannel require fast informed data-driven decisions for merchants, a challenge Mastercard hopes to address with predictive analytics, driving more transactions and fee income.