Tag: Visa Inc. (NYSE:V)

Visa and Mastercard
June 14, 2024 BY Robert Bell

Visa and Mastercard $30bn Settlement Proposal To Be Rejected

The case arose when businesses complained that Visa and Mastercard were charging them excessive fees when they processed credit or debit card payments for customers. These included swipe fees and interchange fees. The complaint was also based on the merchants being unable to guide their customers towards cheaper ways of paying. The latest twist came…

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Visa and Mastercard
March 26, 2024 BY Simon Mugo

Visa and Mastercard Reached a Settlement With Retailers To Save $30Bn

Pending judicial approval, this agreement aims to settle allegations from legal action initiated in 2005. For years, retailers have voiced grievances against Visa and Mastercard, alleging that the credit card giants imposed excessive charges on interchange fees, also known as swipe fees, whenever consumers made purchases using credit or debit cards. Furthermore, the retailers contended…

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February 26, 2024 BY Simon Mugo

EU Approves Instant Euro Payments To Compete With Visa, Mastercard

The groundbreaking regulation enables the swift transfer of funds denominated in euros, allowing transactions to be completed within a mere 10 seconds, irrespective of the time or whether it involves transfers within a single country or across EU member states. Traditionally, transaction processes through conventional card payments and banking deposits have been slow, often extending…

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August 04, 2016 BY Valentina Kirilova

Visa to launch financial education program for Olympic athletes

Visa Inc. (NYSE:V) has announced a global financial education program at the Rio 2016 Olympic Games that will help Olympic athletes take control of their financial futures. The program, developed in partnership with the International Olympic Committee (IOC), will help current athletes, and those nearing sports retirement, to access resources that can build their financial skills…

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