Tag Archives: mastercard

Visa has announced some updates for merchants. Transactions on e-commerce sites will have higher rates, while retailers in certain services categories, such as real estate and education, will see fees decline.It got about the plan of financial corporation Visa to change the point-of-sale system for the U.S. merchants. According to the company, the move is the major system’s update through which Visa aims to persuade more people to give up using checks. Besides, the company is planning to...

Tech and internet companies were the first that succeeded to reach $1 trillion in stock market value. However, the next U.S. companies that could join this prestigious clique are better known for something else. We are talking here about card companies as are Mastercard Inc. and Visa Inc.Take Mastercard for example. In its fourth-quarter earnings report, the company said that its GAAP earnings per share (EPS) surged incredible 138% in the fourth quarter to arrive at $2.07, while revenues...

The United Kingdom (including London) fintech ecosystem has reached a new record of $4.9 billion in investment. And as a result, it has managed to secure its position for another year as the number one destination for European fintech investment. Only the United States has a better record, according to the recent report from City AM, London.Exclusive data from Innovate Finance has revealed that the UK recorded a 38% increase in venture capital and private equity investment into its fintech...

Indexes went strongly up today as investors were waiting for the Federal Reserve’s interest rate decision (probably stays the same). Traders were also focused on the economic data published today. The Census Bureau reported wholesale inventories decrease of 0.1% in December, while the trade deficit increased $5.3 billion compared to November. Some companies have already released their quarterly earnings and some are still waited for.The Dow Jones Industrial Average went up at the open by...

Syscoin, which launched in 2014 as one of the earliest pioneers of ICO fundraisers, has announced the launch of the Syscoin Bridge protocol, allowing ERC20 tokens to move from the Ethereum network into the Syscoin ecosystem. For network users who wish to take advantage of the newfound interoperability, block 348,000 on the Syscoin blockchain will provide the first opportunity.The pitch from Syscoin is for a decentralized, secure, low fee blockchain with high transaction throughput –...

Mastercard has been partnering with several other payment products and services providers aiming to grow its customer base throughout the world. In the latest news, Mastercard teamed up with SoFi, a digital personal finance company, on a lot of products and experiences. The new partnership will benefit SoFi’s almost one million customers, according to a press release from the companies.The new deal kicks off with the SoFi Money debit card, which is an offering that will exist on the...

British multinational telecommunications conglomerate Vodafone has quit Facebook‘s Libra Association. Both Vodafone and Libra have already confirmed the information.According to Vodafone, they will use resources intended for Libra to develop its digital payment service M-Pesa. M-Pesa enables customers to send, receive and store money securely via a basic smartphone. Used mostly in Africa, the service enables all businesses to collect payments, make stock purchases and pay salaries. Moreover,...

Less than a week ago, Coinspeaker reported that payment giant Visa now owns fintech startup Plaid. Visa acquired the San Francisco-based company in an interesting deal worth $5.3 billion. As we reported, the figure is more than double of Plaid’s 2018 valuation and is expected to stoke the fintech flame already burning in the company.So far, reactions to the acquisition have been great as people believe that their collaboration will do wonders for the fintech industry.The financial world is...

Amazon, the company which once only focused on e-commerce, now is also a technology giant. But it just doesn’t stop there. Now the company has revealed its future plans to step into the financial game and wants you to pay with your hands not credit cards.Amazon is now working on a system with which customers might be able to pay for their items with their palms or hands. This system is specifically for physical stores so that people could purchase their items at checkouts much faster.This...

Charlie Bilello highlights the performance of Mastercard and Visa in an attempt to shoot down bitcoin. In terms of returns, bitcoin has dramatically outperformed the two financial companies. When it comes to transaction volume, Visa and Mastercard have significantly outpaced the cryptocurrency. Bitcoin has no shortage of critics. Some of them love to cherry pick statistics to rip the top cryptocurrency. I have yet to see someone slam bitcoin in an area where it...