The U.K. financial watchdog the Financial Conduct Authority (FCA) is telling credit card companies to reduce fees on nonpayers’ debt rather than cancel cards, the agency announced on Monday (Feb. 3). The FCA sent letters to credit card firms asking them to review policies for...
While U.S. states got the nod from the Supreme Court to allow betting on sporting games, it still faces challenges as to how those bets are placed. According to a report in Bloomberg, gamblers may not be able to place bets via a credit card,...
As chief innovation officer Garry Lyons prepares to leave Mastercard, the company has announced that its physical and digital payments teams will be integrating into one organization. The structure change becomes effective on April 2, 2018. Lyons, who will depart the company on June 1...
When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic...
January 10, 2018
When Mastercard launched the Start Path accelerator program in 2014, the goal – according to VP and senior business leader, Amy Neale – was to make it easier for emerging companies to enter “our world” through a combination of operational support, commercial access and some strategic funding. “And when we talk about our world, we mean […]
July 17, 2017
The CFPB opens the door to class action suits, and possibly trial lawyer riches, while across the pond, some warnings on regulatory compliance rumble, and Barclays begins ring-fencing efforts.
April 23, 2025
As the economy faces potential challenges, credit card companies are taking proactive measures to prepare for a downturn. These companies, recognizing the possibility of more customers struggling to pay their bills, are tightening lending practices and setting aside funds to cover potential losses. Recent earnings reports from major credit card companies indicate a growing concern […]
February 03, 2020
The U.K. financial watchdog the Financial Conduct Authority (FCA) is telling credit card companies to reduce fees on nonpayers’ debt rather than cancel cards, the agency announced on Monday (Feb....
May 21, 2018
While U.S. states got the nod from the Supreme Court to allow betting on sporting games, it still faces challenges as to how those bets are placed. According to a...
March 08, 2018
As chief innovation officer Garry Lyons prepares to leave Mastercard, the company has announced that its physical and digital payments teams will be integrating into one organization. The structure change...
