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Posts Tagged ‘Mastercard’

Mastercard Announces ‘Fintech Express’ In Asia-Pacific Region

Mastercard proudly announced its new ‘FinTech Express’ platform at the Singapore FinTech Festival. In an interview with Bloomberg, Mastercard Asia Pacific Co-President, Ari Sarker discussed the platform, and also gave some insight into Mastercard’s withdrawal from the Libra Association. Doesn’t Quite Live Up To The Billing Sarker’s portrayal of the initiative was of expanding Mastercard’s…

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Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project

UPDATE (Oct. 11, 2019, 20:27 UTC): Mastercard and Visa have also confirmed they will not be joining the Libra Association. UPDATE (Oct. 11, 2019, 22:57 UTC): Payments platform Mercado Pago confirmed to CoinDesk that it, too, would “suspend its participation” in the Libra Association. Mastercard, Visa, digital auction company eBay, payments firm Stripe and Mercado Pago have…

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US Senators Directly Caution Visa, Mastercard On Libra After PayPal Exit

Facebook Libra backers Visa, Mastercard and Stripe have received a direct warning from US politicians about their involvement with the project. Senators: ‘You Should Be Concerned’ In a strongly-worded letter quoted by Bloomberg on October 9, two senators warned the three payment firms about compliance risks of Libra, Facebook’s unlaunched digital currency. Its authors were…

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Visa And Mastercard Start To Get Cold Feet Over Facebook’s Libra

Visa, Mastercard, and other early Libra Association members are having second thoughts about their involvement with Facebook’s ‘cryptocurrency’. The change of heart follows widespread international regulatory concerns, according to a report in the Wall Street Journal. Libra Partners Reportedly Can’t Stand The Heat Visa and Mastercard, along with PayPal and Stripe, are reportedly reconsidering their…

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Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms

With the United States government threatening to prohibit payment companies from processing transactions in Venezuela, citizens may be forced more than ever before to adopt Bitcoin. No More Visa and Mastercard Payments for Venezuelans According to Bloomberg, U.S. government officials say the Trump administration is considering further economic sanctions against the President Maduro-led regime in…

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Analyst: ‘Bitcoin Poses Existential Threat To Visa, Mastercard, and Paypal’

Investors should not ignore cryptocurrencies’ threat to incumbent payment services like Visa, Mastercard, and PayPal, according to Lisa Ellis. In a note to clients, the MoffetNathanson analyst said that emerging use-cases could pose an existential crisis in the future. As Ludicrous As It May Sound “Why would I ever buy coffee with bitcoin?” asked Ellis, before…

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Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t

Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants. Fees-Us Christ According to sources, the increases will firstly affect interchange fees, which merchants pay their banks when accepting a…

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Binance Now Supporting Visa and MasterCard Payments

Binance, the world’s largest cryptocurrency trading exchange by volume, announced today that both debit and credit card payments for cryptocurrencies are now open — thanks to a partnership with Simplex, a fully-licensed financial institution that offers online fraud-protected payment processing solutions.  Binance users are now afforded the opportunity to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC),…

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Why Bitcoin? Patreon Pushed By Mastercard to Ban Accounts in ‘Terrible Precedent’

Crowdfunding platform Patreon is grappling with fiat currency centralization after MasterCard demanded it must block the account of a prominent US author and several others. Spencer: Patreon ‘Axed’ Me Citing an email from the company in August, Robert Spencer, who penned multiple books about countering Jihad and advised law enforcement agencies, said it had “axed” him…

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Mastercard Files Patent for Increasing Anonymity of Blockchain Transactions

Mastercard has filed a patent for a method of anonymizing transactions on a blockchain, according to an application published by the United States Patent and Trademark Office (USPTO) Dec. 9. The filing outlines that “the use of one or more intermediary addresses to obscure the source and destination of funds in a blockchain transaction” can…

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