Visa and MasterCard on May 23 reportedly indicated they plan to stay in Russia, despite a new law that could cost them billions to remain. Representatives from both card networks met with members of the Russian government earlier in the day. “In any situation, we...
According to a source close to the reported negotiations, Sberbank considered the possibility of buying the Maestro brand from MasterCard, but the latter refused to sell, reports the KyviPost. The news comes from the sidelines of St. Petersburg International Economic Forum. The rejected move by the...
Vantiv's recently announced plans to acquire Mercury Payment Systems rounds out its strategic roadmap with an integrated business solutions platform serving small and midsize businesses. As CEOs Charles Drucker (Vantiv) and Matt Taylor (Mercury) told Market Platform Dynamics CEO Karen Webster in a recent podcast...
MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. ECS provides electronic payment processing...
Mobile wallets are convenient, but apparently not that convenient, consumers say. While more and more of them are choosing among a growing selection of mobile wallet apps, a recent TSYS study indicates that consumers are still hesitant to completely chuck their physical cards and physical...
Small and microbusinesses are vulnerable – especially when it comes to getting credit. And in the absence of traditional forms of credit, many turn to credit cards for working capital. But 46 percent of SMBs say they don’t or can’t. MasterCard and Corporation for Enterprise...
Day Two of National Small Business Week has officially begun. Today, MasterCard and Habitat for Humanity will together launch a pilot program in Flint, Michigan that will help build houses for families who manage home-based businesses, according to a Habitat release. The initiative aims to...
Mercury Payment Systems Inc. accepted a $1.65 billion purchase offer from Cincinnati-based payments processor Vantiv Inc. yesterday. With the deal Vantiv will expand its online commerce business into Mercury Payment Systems’ network. “The emergence of integrated payment technology at the point-of-sale delivers a differentiated merchant experience...
Small Businesses create two out of every three jobs in the US and keep the wheels of commerce spinning. Today marks the first day of a weeklong celebration of the role of Small Business in driving this country’s economic growth engine. Ed Glassman, MasterCard’s Global...
