All the updated news related to mastercard

All the news related to mastercard updated in real time

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City

Mastercard and others fined for cartel behaviour in prepaid cards market

Five companies including Mastercard have been handed fines totalling more than £33 million for infringing competition law in relation to Britain’s prepaid cards market. The Payment Systems Regulator (PSR) said it had concluded that the companies ...

18 Jan 2022 at 14:25

City

CBI future in doubt as firms end or pause relationship amid rape allegations

Dozens of the UK’s largest firms have paused or ended their relationship with the Confederation of British Industry (CBI) following a second rape allegation from a woman working for the business group. NatWest, the John Lewis Partnership, ...

21 Apr 2023 at 19:17

Shoppers hit the high street for Boxing Day sales

Shoppers are expected to pack out high streets across the UK looking for bargain buys in the Boxing Day sales. But some shoppers in Oxford Street, London, said sales felt unusually quiet on Tuesday. Several retailers including Marks & ...

26 Dec 2023 at 14:54

City

Mastercard and Visa face cross-border fee caps after ‘unduly high’ increases

Mastercard and Visa look set to face a cap on their cross-border interchange fees after Britain’s payment watchdog raised concerns that they have increased charges to “an unduly high level”. The Payment Systems Regulator (PSR) said a ...

15 Dec 2023 at 10:11

Personal Finance

NatWest initiative could save hassle for some shoppers at online checkouts

NatWest is taking part in an initiative which could save hassle at the checkout for customers when doing their online shopping. The banking group has enabled Click to Pay for customers with a Mastercard debit card. Those with a ...

12 Oct 2023 at 14:58

City

MPs demand answers from Visa and Mastercard over post-Brexit card fees hike

MPs have written to Visa and Mastercard to demand to know why they have increased fees nearly sixfold when Brits shop with European businesses. The Treasury Select Committee said fees have risen from 0.2% to 1.15% when a UK ...

14 Jul 2022 at 12:06

Personal Finance

Mastercard helping banks predict scams before money leaves customers’ accounts

Mastercard says it is helping banks to stop payment scams in their tracks, before funds leave a victim’s account. The payments provider said that in partnership with UK banks including Lloyds Bank, Halifax, Bank of ...

06 Jul 2023 at 00:01

Banks solve problems with Mastercard payments

Bank customers experience problems with online Mastercard payments

NatWest has said an issue which its customers were having with Mastercard payments has been resolved. “Some customers who tried to use their Mastercard debit or credit card online may have experienced issues when ...

12 Jun 2023 at 17:24

World

Biden nominates former Mastercard boss Ajay Banga to lead World Bank

The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate ...

23 Feb 2023 at 15:54

City

Mastercard and Visa raising fees but not improving quality, watchdog warns

Mastercard and Visa do not face enough competition in the payments market, meaning UK businesses are forced to pay higher fees to process transactions, according to a new report by the UK payments watchdog. ...

21 May 2024 at 15:00

City

Visa seals deal with Lloyds to take millions of cards from rival

Visa has snubbed its biggest rival by clinching a new deal with Lloyds Banking Group that will see some 10 million cards converted to the payments giant over the next two years. Visa and Mastercard are the ...

24 Jun 2024 at 15:44

Personal Finance

Mastercard expands AI technology to help banks detect scams as they happen

Mastercard has expanded an initiative that helps banks to detect payment scams as they are happening. Since early 2023, the Mastercard scheme has helped UK banks identify and stop potentially fraudulent ...

24 Sept 2024 at 00:01

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