Mastercard Beats Views With Record Revenue
Overseas transactions played a "major role" in Mastercard's Q1 performance as gross dollar volume increased 23.5% compared to 10.5% in the U.S..
U.S. Blocks Sale of MoneyGram to Ant Financial
The demise of $1.2 billion deal suggests U.S. officials are concerned about the data security implications of takeovers by Chinese investors.
Visa Agrees to Buy Visa Europe for $23.4B
The deal will create a windfall for the banks and other entities that now own Visa Europe, with U.K. banks alone expected to pocket $1.4 billion.
Electronic Payments 10 Times Cheaper Than Checks
A new survey appears to support the cost-saving case for businesses to shift from check to ACH and other forms of electronic payment.