PaymentsIndustry

Mastercard Under Fire: $200 Million Settlement Amid $10 Billion Antitrust Case

1 month ago

Mastercard Inc. is currently facing intense scrutiny following a proposed $200 million settlement concerning a major antitrust lawsuit that has the potential to reach a staggering $10 billion. This proposed settlement has sparked a heated debate among several state attorneys general, who argue that the agreement might not be sufficient to adequately compensate the millions of consumers allegedly harmed by Mastercard’s business practices.

Visa Reports Robust Profit Growth Fueled by Increased Payments Volume

5 months ago

In a favorable turn of events for the global payments giant, Visa Inc. has announced a significant increase in its quarterly profits, outpacing market expectations due to a notable uptick in payment volumes across its network. The company attributes this growth to strong consumer spending patterns and the expanding acceptance of digital payments.

Visa Boosts Anti-Fraud Efforts with Featurespace Acquisition

6 months ago

Visa Inc. announced today that it has agreed to acquire Featurespace, a leader in machine learning and adaptive behavioral analytics, in an aggressive step to strengthen itself against financial fraud. The move furthers Visa's commitment to leveraging AI for the betterment of security within its extensive payment network.