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...]
A bitcoin economy would lead to ‘unrest’: David Yermack, professor of finance
Is bitcoin (BTC) a revolutionary currency on the verge of taking down the financial establishment or is it an electronic payments system that is on the cusp of competing and defeating the likes of Visa and PayPal? That's the debate that is going on right now in Silicon Valley and in … [Read more...]
Banksters (JPMorgan) continue their assault to undermine Bitcoin to no avail
It's understandable: bitcoin could very well be competition to Visa, PayPal and traditional fiat currency. That’s why those on Wall Street and central banking officials have been on the defensive in the past few months when it comes to cryptocurrencies. From Jamie Dimon to Alan … [Read more...]
Visa CEO Dismisses Bitcoin, Supports Traditional Payment Systems
To professional bitcoiners, the digital currency can be utilized as both a currency and an electronic payment system. Although finance experts and technology entrepreneurs in Silicon Valley aren't very interested in virtual currency, they do see it as a fierce payment technology … [Read more...]
