In a quarterly federal lobbying disclosure record report, it was discovered that MasterCard would be paying lobbying firm Peck Madigan Jones to focus on peer-to-peer decentralized digital currencies like bitcoin. Five of the firm’s lobbyists will centre on bitcoin and mobile payments … [Read more...]
Smart businesses are interested in bitcoin’s marketing, low-cost transactions
Businesses don’t want to bring down the Federal Reserve. Merchants aren't interested in ending the conventional financial system. Retailers aren’t looking to eliminate Visa, MasterCard or PayPal. No, they’re a neutral body and just want to succeed in today’s difficult economy. Over … [Read more...]
Visa and MasterCard team up to combat credit card fraud with EMV technology
In the wake of the massive data breach at Target that compromised more than 110 million accounts, credit card companies MasterCard and Visa have decided to coalesce in order to establish a group that will enhance payment security for customers. The group will consist of various banks, … [Read more...]
DFS, American Express say bitcoin isn’t a threat to payment network
The most ardent bitcoin holders see a bitcoin industry that takes down the traditional payment network outlets, such as Visa, MasterCard, American Express and an array of others. In fact, because of the low-cost involved in transactions, bitcoiners think it’s inevitable. However, the … [Read more...]
More Merchants Move to Block Swipe Fee Settlement
A major settlement proposed in July is expected to be submitted to the U.S. District Court in Brooklyn later this week. The $7.2 billion class-action settlement between Visa, MasterCard and U.S. retailers was previously reached following seven years of litigation when retailers … [Read more...]
