Founded by self-proclaimed bitcoin enthusiast, Darwin Ramon, the startup, YesToBitcoins.com now allows users to settle payments on all Canadian credit cards.
Square has poached the chief marketing officer of Visa Inc., Kevin Burke, to head up 'customer acquisition' across the company's portfolio of payments products.
Several Russian banks, including some subject to Western sanctions, will next week begin testing the country's new card payments system, designed to take on Visa and MasterCard.
Tieto has implemented Card Suite contactless solution for acquiring and issuance of VISA and MasterCard payment cards, as well as completed certification project for PASHA Bank in Azerbaijan.
Santander, Telefonica and MasterCard are to invest £49.2 million in Monitise, providing a welcome boost to the London-based mobile money outfit after Visa decided to sell off its stake in the company.
Discover has filed a lawsuit accusing rival card scheme Visa of anti-competitve practices in its debit card business.
Visa Inc says that it may have to find $10 billion to fund the acquisition of Visa Europe should European banks exercise their option to sell the business to its US counterpart.
MasterCard says a forthcoming wholesale upgrade of the 3DSecure protocol for authenticating online transactions will pave the way for the introduction of more secure biometric and token-based prompts and the ultimate eradication of static passwords.
U.S. Bank is expanding its card-based and cardless corporate payment solutions to Europe. In partnership with Visa, the bank will be the first in Europe to offer Visa Payables Automation, Visa’s paperless electronic payment service that replaces checks, eliminates tedious processing work and can improve an organization’s cash flow by extending credit by more than seven weeks. The bank will also begin offering corporate purchasing cards in Europe.
Visa and MasterCard have finally caved in to pressure from Canadian competition authorities and agreed to set a 1.5% ceiling on interchange rates in the country for the next five years.
© Finextra Research 2014