Search Results for: Mastercard
Advanced Payment Solutions (APS) links up with Post Office to become the first FinTech non-bank to offer banking services through its network
February 24th, 2015
APS Cashplus account holders can now access real time banking services through the Post Office’s 11,500 branches Advanced Payment Solutions, a leading FinTech player and alternative provider to traditional banks is announcing today a link up with the Post ...
International payment provider ECommPay becomes VISA Principal Member
February 19th, 2015
In February 2015, VISA’s European Board of Directors granted VISA Principal Member status to payment processing company ECommPay. ECommPay creates state-of-the-art, bespoke payment solutions for e-Commerce merchants, enabling them to make and to accept payments via VISA/MasterCard and China ...
New Visa Europe Interchange Programme: Opportunity for Merchants and Acquirers
January 2nd, 2015
Early 2015, Visa Europe will introduce their so-called Cross Border Domestic Interchange Programme (CBDIP). This programme will cap interchange fees for domestic transactions processed by European cross-border acquirers. This seems to be excellent news for merchants as it could ...
New Payment Systems Regulator sets out how it will regulate the £75 trillion industry
November 14th, 2014
The new Payment Systems Regulator (PSR) today sets out how it proposes to regulate the £75 trillion payments industry when it becomes fully operational on 1 April 2015. The proposals will further the PSR’s three objectives: to promote competition, ...
2 Drug Chains Disable Apple Pay, as a Rival Makes Plans
October 27th, 2014
A consortium of merchants plans to introduce a payment system next year that will supplant the use of credit and debit cards. Apple Pay, the Silicon Valley giant’s highly anticipated mobile wallet, has been available for only one week ...
American Express ‘Take It or Leave It’ Rule Goes on Trial
July 3rd, 2014
American Express Co. (AXP) drives a hard bargain with businesses that want to attract its affluent cardholders: treat the card like any other form of payment despite higher processing costs if you want those customers. The lender prohibits businesses ...
Clifford Chance, Eversheds and Allen & Overy triumph at Middle East awards
May 16th, 2014
Clifford Chance (CC), Eversheds and Allen & Overy (A&O) were the main law firm winners at the third annual Corporate Counsel Middle East Awards last night (15 May), which saw CC named International Law Firm of the Year, while ...
Russia Staring at Recession on Sanctions
March 24th, 2014
Western sanctions are pushing Russia toward recession and the pain could intensify if U.S. and European leaders turn the screw over tensions in Ukraine. Banks including state-run VTB Capital say the world’s ninth-biggest economy will shrink for at least ...
Putin Clears Crimea Annexation as Ukraine Signs EU Pact
March 21st, 2014
Russia completed the process of annexing Crimea and the European Union signed a political pact with Ukraine, escalating the worst standoff between Russia and the West since the Cold War. Russian President Vladimir Putin signed legislation approved by lawmakers ...
Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax
March 14th, 2014
The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to. The multinational companies have accumulated $1.95 trillion outside the U.S., up ...
