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Mastercard To Debut Payment Passkey Service In India

Mastercard To Debut Payment Passkey Service In India

Payment technology najor Mastercard announced the worldwide launch of its new Payment Passkey Service in India as an alternate transaction authentication method for more secure and easier online shopping. The company, during a keynote presentation at Global Fintech Fest in Mumbai, noted that the service will debut first in India as a pilot in partnership with select payments players...
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UK Payments Regulator Proposes To Cap Cross-border Fees On Mastercard, Visa Cards

UK Payments Regulator Proposes To Cap Cross-border Fees On Mastercard, Visa Cards

UK's Payment Systems Regulator or PSR provisionally proposed to introduce a price cap on cross-border interchange fees on credit and debit cards, mainly of U.S. payment tech majors Mastercard Inc. and Visa Inc. With this, the regulator aims to protect UK businesses from overpaying on these interchange fees.
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Visa, Mastercard Set To Raise Credit-Card Fees

Visa, Mastercard Set To Raise Credit-Card Fees

Visa and Mastercard, the top two payment networks in the U.S., are set to raise their credit-card fees which merchants pay when customers use the credit cards for transactions, according to The Wall Street Journal report on Thursday. Though these charges are generally borne by merchants themselves, a small portion of it is transferred to customers.
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