Visa and Mastercard Agree to Pay $197 Million to Settle ATM Fee Class Action Lawsuit
- 1 year 2 months ago
- ATMs
In a significant development, Visa and Mastercard have reached a settlement totaling $197 million to resolve a prolonged class action lawsuit alleging the manipulation of ATM fees to artificially inflate costs. The lawsuit, which has been ongoing for a considerable period, asserts that the ATM network regulations imposed by Mastercard and Visa resulted in inflated access fees for individuals withdrawing cash from bank-operated machines.
SeABank and Visa Strategically Cooperate to Accelerate Digital Payments
- 1 year 2 months ago
- Payments
Southeast Asia Commercial Joint Stock Bank (SeABank, stock code SSB) and Visa Inc. further tightens their comprehensive cooperative partnership by a strategic cooperation agreement on developing digital payments. This cooperation aims to facilitate SeABank's delivery of the best solutions, improvement of data capacity and expertise to open up new opportunities for advancements, thereby accelerating SeABank's payment services development strategy.
Coinbase Derivatives and Coinbase International Exchange Data Now Available Through Coin Metrics’ Market Data Feed
- 1 year 2 months ago
- Cryptocurrencies
Coin Metrics, a leading provider of crypto financial intelligence, is pleased to announce that it has added data from Coinbase Derivatives and the Coinbase International Exchange to its Market Data Feed.
Visa’s New AI Tool for Faster Payments Could Help Save UK Over £330M a Year on Fraud and APP Scams
- 1 year 2 months ago
- Payments
In a groundbreaking pilot in partnership with Pay.UK, Visa, a world leader in digital payments, has shown how leveraging the latest AI technology has the potential to drastically cut the £600m1 lost annually to account-to-account scams and fraud over recent years in the UK.
Mastercard Accelerates Commitment to Digital Transformation in Africa
- 1 year 2 months ago
- Payments
Mastercard and the African Development Bank Group have launched the Mobilizing Access to the Digital Economy (MADE) Alliance: Africa to extend digital access to critical services to 100 million individuals and businesses in Africa over the next 10 years. The announcement was made on the sidelines of the U.S.-Africa Business Forum hosted by the U.S. Chamber of Commerce.
Fime and ITC PLC Bring Local EMV® L3 Payment Terminal Testing to Bangladesh
- 1 year 2 months ago
- Payments
Fime has partnered with Bangladesh-based technical service provider ITC PLC to deliver local EMV® Level 3 test services. This supports the nation’s expanding digital payments ecosystem. Stakeholders can now validate and integrate their payment terminals locally, reducing time to market and costs.
payabl. Partners with Zimpler to Accelerate Instant Payments Growth
- 1 year 2 months ago
- Payments
payabl., one of Europe’s leading PayTechs, announced today its partnership with Zimpler, a leading company in instant bank payment solutions, with one of the highest bank coverages in the Nordics.
myPOS Enables Tap to Pay on iPhone for Merchants in Italy
- 1 year 2 months ago
- Payments
UK-based payments company myPOS has enabled Tap to Pay on iPhone for businesses in Italy. With Tap to Pay on iPhone and the myPOS Glass app, merchants can seamlessly and securely accept in-person contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets, using only an iPhone and the myPOS Glass iOS app. No additional hardware or payment terminal is needed.
Axis Bank Collaborates with Mastercard to Launch NFC Soundbox
- 1 year 2 months ago
- Payments
Axis Bank, one of the largest private sector banks in India, today announced the launch of NFC Soundbox in collaboration with Mastercard. An industry-first proposition for the merchant community, the new soundbox will act as an all-in-one solution allowing the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.
NatWest's Mastercard® Business Savings: Effortless Merchant Discounts for Business Cardholders
- 1 year 2 months ago
- Payments
NatWest introduces Mastercard® Business Savings, a hassle-free merchant discount program designed exclusively for eligible NatWest business credit, charge, and debit cardholders. This complimentary program offers automatic cashback on essential business expenses, empowering businesses to save effortlessly while conducting everyday transactions.
"Rapyd": 73% of Businesses Struggle with Payment Delays
- 1 year 2 months ago
- Payments
Rapyd, the global fintech leader, today released its report, “2024 State of Payments: High-Opportunity Industries.” This comprehensive study dives into the evolving landscape of cross-border payments, focusing on the needs of fast-growing industries such as online gaming, content creation platforms, online travel, marketplaces, and e-commerce.
Flutterwave Mozambique Receives Payment Aggregator License Approval in Principle
- 1 year 2 months ago
- Payments
Flutterwave, Africa’s leading payment technology company, today announced it has received an approval-in-principle for its payment aggregator license from the Central Bank of Mozambique. This license enables Flutterwave to offer its comprehensive payment services within Mozambique and strengthen its operations in southern African markets.
Nexi Now Offers Tap to Pay on iPhone for Merchants in Italy with Nexi SoftPOS
- 1 year 2 months ago
- e-Payments
Nexi, the European PayTech, now enables merchants in Italy to accept in-person contactless payments seamlessly and securely with Tap to Pay on iPhone. It will continue to expand the availability of Tap to Pay on iPhone to its customers in Europe where the service is available.
Mastercard and HSBC Middle East Accelerate Travel Payment Innovation Through Bank’s First Wholesale Travel Program
- 1 year 2 months ago
- Payments
Mastercard has joined forces with HSBC Middle East to launch Mastercard Wholesale Program in the region. The move marks the continuation of a long-standing strategic partnership between the two companies and aims to advance automation of buyer and supplier payments for HSBC’s travel merchant customers.
Worldline Signs Agreement with Banque Raiffeisen for Cloud-Based Instant Payments Processing in Luxembourg
- 1 year 2 months ago
- Payments
Worldline, a global leader in payment services, has signed a contract with Banque Raiffeisen, making them Worldline's first client on its cloud-based instant payments solution in Luxembourg. Worldline already works closely with Banque Raiffeisen, providing services including Clearing and Settlement of SEPA Credit Transfers, Issuing Processing and ATM Acquiring.
