PaymentProcessing

Barclays and Brookfield Set to Divest Payment Unit: A New Chapter in Banking

2 months ago

In a significant move within the financial sector, Barclays and Brookfield Asset Management have reached an agreement to divest their payment processing unit. This strategic decision is expected to reshape the landscape of payment solutions within the banking industry, reflecting ongoing trends towards specialization and efficiency in financial services.

Amex-Backed Blackbird Aims to Revolutionize Restaurant Payment Systems by Cutting Out Middlemen

2 months ago

In a bold move to redefine the restaurant payment landscape, Blackbird, a firm backed by American Express, is positioning itself as a disruptor in the food service industry. The company’s innovative approach seeks to eliminate the fees associated with traditional payment processors, ultimately presenting a more profitable solution for restaurants.

Mastercard Agrees to $200 Million Settlement in UK Fee Overcharging Case

6 months ago

In a significant development that has captured the attention of consumers and financial markets alike, Mastercard has announced its decision to settle a class-action lawsuit in the UK concerning allegations of overcharging merchants. The settlement amount stands at a sizeable £200 million (approximately $250 million), a move that underscores the mounting scrutiny tech and financial service companies face over their fee structures.