Visa and Mastercard block Russian banks from their networks due to sanctions

Visa and Mastercard block Russian banks from their networks due to sanctions

Visa and Mastercard also pledged $2 million in humanitarian aid funds for Ukraine. Photo: Karolis Kavolelis/Shutterstock Payment and credit card giants Visa and Mastercard have blocked Russian financial institutions from their networks in response to sanctions against Russia after its invasion of Ukraine. Last week, Russia launched an unprecedented invasion of Ukraine, forcing the United … Read more

Visa and MasterCard join sanctions on Russian financial institutions

Visa and MasterCard join sanctions on Russian financial institutions

Payment institutions have joined the economic blockade against the Russians. Photo: NICHOLAS KAMM/AFP/Getty Images The sanctions that the Russian government is receiving for the invasion of Ukraine have not stopped, since not only various governments of the world have joined, but also private companies, especially from the financial sector. Mastercard and Visa have determined to … Read more

Mastercard increases its income and cross-border spending

Mastercard increases its income and cross-border spending

MAster Card announced that its quarterly revenue expectations had been exceeded, thanks to the fact that there was also an increase in domestic spending and cross-border spending when it comes to international travel. As the report indicates, everything seems to be a consequence of the fact that the restrictions due to the pandemic have been … Read more

Bitcoin outperforms PayPal in transaction value and is expected to do the same with Visa and MasterCard

Bitcoin outperforms PayPal in transaction value and is expected to do the same with Visa and MasterCard

Bitcoin network could pass your competition. Photo: Edward Smith / Getty Images A report from Blockdata, a market intelligence platform, let it be known that The Bitcoin network has surpassed the PayPal payment system in transaction volume in US dollar. The centralized network of the cryptocurrency with the most value in the market, reported a … Read more

Black Friday: Mastercard advisor says this year’s discounts aren’t that big

Black Friday: Mastercard advisor says this year’s discounts aren’t that big

This week formally kicks off the peak sales season for major US retail businesses with the traditional Black Friday shopping day and that will culminate at Christmas. Millions of Americans expect deep discounts on all sorts of items that usually don’t get on sale until this time of year, where they can be bought. find … Read more

Mastercard partners with cryptocurrency platform Bakkt to offer credit and debit cards in digital currency

Mastercard partners with cryptocurrency platform Bakkt to offer credit and debit cards in digital currency

Mastercard announces alliance with cryptocurrency platform Bakkt. Photo: Photo by David McBee from Pexels / Pexels Cryptocurrencies continue to give something to talk about, and therefore, more and more companies are offering services in crypto assets. In this sense, the digital asset platform Bakkt announced together with Mastercard a joint work in order to offer … Read more

Mastercard announces that it will eliminate the magnetic stripe from its cards starting in 2024

Mastercard announces that it will eliminate the magnetic stripe from its cards starting in 2024

Starting in 2029, none of the new Mastercard cards will use the magnetic stripe. Photo: MIKE CLARKE / AFP / Getty Images Mastercard will phase out the use of magnetic stripes on its credit and debit cards over the next few years so It will become the first payment network to eliminate this technology that … Read more

Mastercard to become the first card company to phase out the use of magnetic stripes

Mastercard to become the first card company to phase out the use of magnetic stripes

Mastercard will be the first to remove the magnetic stripe on its cards. Photo: Steve Buissinne / Pixabay With an eye toward innovation in payments technology, Mastercard will initiate a process to eliminate the use of magnetic stripes on its credit and debit cards over the next decade and will become the first company in … Read more

Americans are spending more than before the pandemic: Mastercard

Americans are spending more than before the pandemic: Mastercard

Americans are spending more now on travel, lodging and restaurants. Photo: Tima Miroshnichenko / Pexels Sachin Mehra, Chief Financial Officer of Mastercard, said that US consumer spending is on track to exceed pre-pandemic levels, based on data from the second quarter earnings report for the financial institution you represent. The company disclosed that gross dollar … Read more