Visa Profit Drops 23% as Card Spending Slows
Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
Visa Makes Fintech Move With $5.3B Plaid Buy
The deal gives Visa access to software that fintech app developers use to interface with customers' bank accounts.
Visa Rolls Out Cross-Border B2B Network
The move is part of Visa’s effort to push into the high-value cross-border transaction market.
Mastercard Buys Transfast After Earthport Rebuff
“We believe Transfast gives us the strongest platform to immediately enhance our cross-border [payments] capabilities," Mastercard says.
Visa, Mastercard Settle Long-Running Fee Suit
The companies said they have already set aside funds to cover the penalty.
SEC Halts $600M Bank ICO Scam
AriseBank called itself the first "decentralized bank" and claimed to have acquired two FDIC-insured institutions.
Companies Share Tax Savings With Workers
A minority but growing number of employers give employees bonuses and raises based on this year's tax windfall; Visa leads the way with huge 401(k) boost.
Mastercard Profit Jumps 21% to Record $1.43B
Strong consumer spending overseas helped drive Mastercard's gross dollar volume to $1.4 trillion in the third quarter.
MasterCard Shares Surge on 12% Profit Gain
The company is benefiting from healthy consumer spending but faces increased costs as it spends on digital payment initiatives.
Home Depot Joins Battle Over Chip Card Security
The retailer says in an antitrust suit that Visa and MasterCard are trying to block the use of PINs to verify chip-card transactions.
Wal-Mart Sues Visa Over Chip Card Verification
The retailer says Visa is encouraging fraud by requiring it to allow customers to verify transactions with a signature rather than a PIN.