The world's two largest credit and debit card companies, Visa Inc and MasterCard Inc, said on Friday they could no longer support bank cards being used in Crimea, following U.S. sanctions imposed earlier this month.
Tags: Visa Inc
Musk's $70M GOP Donations Under Fire as Biden Claims Visa Violations for Alleged Illegal Work in US
President Biden criticized Elon Musk for supporting strict immigration policies despite allegedly working without proper authorization in the US on a student visa in the 1990s.
Visa working on Blockchain-based remittance project
For a quicker and consumer-friendly remittance service, Visa Inc is working on a proof of concept for Blockchain-based remittance system through its subsidiary Visa Europe.
AmEx profit beats estimates as U.S. card holders spend more
American Express Co, the world's largest credit card issuer, reported a better-than-expected rise in quarterly profit, helped by higher spending by U.S. card holders and an increase in net interest income.
Fidelity tech fund trounces all rivals without holding Apple
The best performing technology fund since the peak of the dot com boom did it all without owning Apple Inc (AAPL.O), whose soaring stock price has pushed the Nasdaq near a new record high.
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Apple Inc plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.
Retailers in the US are feeling the pressure to increase their cybersecurity spending as they compete against online rivals and strive to meet the October 2015 deadline by Visa and MasterCard to be able to use chip-enabled payment cards, Reuters reported.
Investors see in Bitcoin the potential to provide a payment technology that could undermine the dominance of Visa Inc, Western Union or Citigroup Inc in the industry, Bloomberg reported.
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