Visa, Mastercard Near Settlement Over Card-Swipe Fees
Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase, Citigroup and Bank of America would pay the merchants around $6.5 billion.
Visa Inc. and Mastercard Inc. are close to settling a long-running antitrust lawsuit with merchants over the fees they pay when they accept card payments, according to people familiar with the matter. Under the settlement, Visa, Mastercard and a number of banks that issue debit and credit cards including JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. would pay the merchants around $6.5 billion, some of the people said. It is not clear how the payment would be split up among the card networks and the issuing banks.”
Read More
By AnnaMaria Andriotis
Wall Street Journal
Updated June 29, 2018 4:01 a.m. ET
FROM THE WEB
WhatsApp is getting set to be Africa’s biggest payments and ad platform
Quartz Africa
June 26, 2018
American Express to Launch New Amazon Cobrand Card to Enhance How Small Businesses Buy
Business Wire
June 26, 2018 09:00 AM Eastern Daylight Time
Supreme Court rules for American Express in credit card case
Washington Post
June 25, 2018
Venmo officially launches its own MasterCard-branded debit card
TechCrunch
Jun 25, 2018
Plastiq founders Eliot Buchanan and Dan Choi. ©2015 Jon Chomitz Photography
Two Harvard alums built a payment app so people can pay for rent, tuition, and even taxes with a credit card
Business Insider
JUN 22, 2018, 05.12 PM
ASC X9 Publishes New Report on Card-Not-Present Fraud Mitigation and White Paper on Distributed Ledger/Blockchain Technologies
Business Wire
June 21, 2018 09:00 AM Eastern Daylight Time
FROM THE TUBE
Adyen shares soar after Amsterdam IPO
CNBC Life
Published on June 13, 2018
The Edison (Mastercard)
Digital Ninja
Published on Jun 4, 2018
Money20/20 Europe 2018 Highlights
Money20/20.tv
Published on Jun 6, 2018
Mary Meeker’s 2018 internet trends report | Code 2018
Recode
Published on May 30, 2018
CHINA IS BEYOND CASHLESS
Mamahuhu
Published on May 27, 2018
Jack Dorsey: Facts About The CEO Of Twitter And Square | CNBC
CNBC
Published on May 21, 2018
