The COVID-19 epidemic has wreaked havoc on the corporate world in various ways, one of the most significant of which is the quick shift toward contactless payments via credit cards. Individuals and companies all around the globe are using…
On Tuesday, the Payment Systems Regulator (PSR) fined five payments companies, including Mastercard, a total of £33 million for cartel behaviour involving prepaid cards issued to vulnerable people.
On the back of last week’s news that PayPal decidedly pulled out of the alliance backing Libra, Facebook’s new cryptocurrency project, Mastercard, Visa, eBay, Stripe and Mercado Pago have also announced their withdrawal from Libra.
We’re in the midst of a business banking revolution. In the past, legacy structures and slow banking processes were commonplace, with innovation and new technologies from the retail banking world rarely being available for businesses.