Skip to content
MasterCard RSS
Spending tops $20 trillion on global card networks in 2016 – Infographic
Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report. UnionPay debit cards were the most popular payment product based on purchase volume, followed by Visa [...]
The post Spending tops $20 trillion on global card networks in 2016 – Infographic appeared first on Payments Cards & Mobile.
Mastercard gains regulatory approval to acquire VocaLink
Mastercard says the UK’s Competition & Markets Authority’s decision has cleared the way for the completion of the company’s planned acquisition of VocaLink. The CMA gave final approval for the proposed set of remedies that address the competition concerns the CMA identified earlier this year. The deal is now expected to close in the coming weeks. “We [...]
The post Mastercard gains regulatory approval to acquire VocaLink appeared first on Payments Cards & Mobile.
Mastercard Periodic Table of Payment Elements
The payments industry is ever-evolving and, with it, the terminology used to describe it. With the Mastercard PERIODIC TABLE OF PAYMENTS, you don’t have to be a financial genius to understand the complex bonds between payments and technology.
The post Mastercard Periodic Table of Payment Elements appeared first on Payments Cards & Mobile.
High Court win for Mastercard in retailers interchange fees showdown
Mastercard has fought off a legal battle against a group of retailers including Asda, Morrison, New Look and Next in the High Court connected to interchange fees. Mastercard is fighting at least 10 separate lawsuits from retailers in the UK seeking upwards of £1.2bn in compensation over the interchange fees. The central issue in all the lawsuits is whether the [...]
The post High Court win for Mastercard in retailers interchange fees showdown appeared first on Payments Cards & Mobile.
Competition Authority slows Mastercard acquisition of VocaLink
The Competition and Markets Authority (CMA) has found that Mastercard’s acquisition of VocaLink gives rise to competition concerns. Mastercard already owns and operates credit and debit card schemes Mastercard, Maestro and Cirrus, and has also bid to supply infrastructure services to UK interbank payment systems. VocaLink is a supplier of payment infrastructure services to three major UK [...]
The post Competition Authority slows Mastercard acquisition of VocaLink appeared first on Payments Cards & Mobile.
