Mastercard
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The two heavyweights of the payments industry, Visa and Mastercard, have agreed to settle a lawsuit brought but ATM users who accused the defendants of anti-competitive behavior by controlling fees charged by ATM networks. According to court papers, Visa and Mastercard have agreed to pay a combined $197 million to settle the case. Chase, Wells…
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Commuters who use Apple Pay to tap in and out of public transport could be at risk of having “unlimited” sums of money stolen from their Visa payment cards. Researchers from two British universities identified a vulnerability that occurs when an Apple Pay user sets a Visa credit or debit card as their “Express Transit” payment…
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Ahead of Pride Month celebrations, Mastercard Inc. will allow transgender customers to use their chosen names on credit and debit cards—recognizing trans identities as valid and legal. “We are allies of the LGBT+ community, which means if we see a need or if this community is not being served in the most inclusive way, we…
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Microsoft Wallet app, the company’s cashless mobile payment app, will be discontinued at the end of February, the company said on its website. “Starting on Feb. 28, 2019, the Microsoft Wallet app will be officially retired,” the company said. The wallet app let users load debit or credit card info into the app on their phones…
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