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The Commission's proposed regulation on payment services will legitimize dynamic currency conversion (DCC), a practice where consumers are charged a hefty mark-up to pay bills on card in their own currency, writes Eric Grover. Eric Grover is
I spend most of my waking hours studying businesses and the industries they operate in, and trying to identify those businesses that have a long-lasting competitive advantage. Businesses that consistently generate strong free cash flow, or FCF,
Fifteen QIB customers stand a chance to win back their international purchases when they use their MasterCard debit cards between July 21 and September 20. Affluent and private customers purchasing items outside Qatar with a QIB MasterCard Platinum
are the obvious beneficiaries of this continued growth as two of the purest payment processing plays. Weakness in interest related income Despite positive volume numbers, loan balances and the resulting interewt revenue has not kept pace. Average
According to tech blog The Information , 'conversations between Apple and payments-industry companies have heated up in recent months.' It claims 'several people briefed on the talks say that Apple executives have discussed launching a mobile wallet
Click Ticker to See live coverage Visa Inc. ( V ) is expected to announce third-quarter earnings on July 24. Analysts estimate that the company will report revenue of $3.15 billion (up by 0.04% YoY) and EPS of $2.1 (up 11.7% YoY) this quarter.
by retailers who claim the two companies fixed credit card fees and discouraged the use of lower-priced competition. source: company This could end up costing the company billions of dollars over the next several years. Just what are the companies
Visa Inc. (V) and MasterCard Inc. (MA) have lost their bid to dismiss more than 30 retail claims seeking potentially billions of dollars in compensation for the Fees for processing transactions. Retailers including target Corp.
Pago (Senor Pago), one of the two largest mobile point of sale (mPOS) services in Mexico, today announced the closing of a seed round of $1 million in funding that includes Silicon Valley tech veterans Jay Adelson and Barrett Lyon...Pago Card System ,
has been around for 50 years, but believe it or not, it is still a growth company. MasterCard's CEO, Ajay Banja, recently said: The future of money won't be about cash or the form it takes. The future of money and commerce will be about breaking down