Visa
Visa and Mastercard Seek to Close 20-Year Antitrust Case With $38 Billion Deal
- The revised settlement aims to end one of the longest-running antitrust cases in the history of U.S. payments.
- Under the proposal, Visa and Mastercard would reduce swipe fees by 0.1 percentage point for five years.
Monday, 10/11/2025 | 20:07 GMT by
Jared Kirui
Visa and Mastercard to Pay Nearly $200M in Decade-Long Merchant Class Action
- The lawsuit was originally filed in 2016 and accused Visa and Mastercard of violating antitrust laws.
- As part of the settlement, Visa will reportedly pay $119.7 million while Mastercard will contribute $79.8 million.
Monday, 13/10/2025 | 20:00 GMT by
Jared Kirui
Banks Go Digital-First: The New Standard for 2025
- 44% of young consumers in the UK believe neobanks offer significantly better tools and services than high-street banks.
- 50% of survey respondents said they want their bank to help them manage subscriptions.
Monday, 16/06/2025 | 04:21 GMT by
Finance Magnates Staff
Payments in 2025: A Simpler, Smarter, and Faster World—But Challenges Remain
- Over 70% of consumers in Europe already use digital apps to manage their finances, and younger generations are leading the shift.
- 67% of marketplace sellers say slow payouts hurt their ability to do business.
Friday, 30/05/2025 | 09:40 GMT by
Finance Magnates Staff
Revolut vs. The UK Regulator: Battle Over Interchange Fees Heats Up
- Revolut & Visa challenge UK regulator’s plan to cap interchange fees as anti-competitive.
- The companies argue the cap would harm fintech innovation and market dynamics.
- Meanwhile, Revolut may be expanding into South Africa, adding to its global ambitions.
Monday, 10/03/2025 | 10:15 GMT by
Louis Parks
Musk's X Introduces X Money Account for Peer-to-Peer Payments with Visa
- The service will allow creators to accept payments and store funds without institutions.
- This marks X’s first step toward a financial ecosystem, following Musk’s $44 billion acquisition in 2022.
Tuesday, 28/01/2025 | 15:36 GMT by
Tareq Sikder
Visa Participating in FMLS:24 as Key Partner
- Visa brings a wealth of knowledge and innovation to the table for other attendees.
Tuesday, 29/10/2024 | 13:49 GMT by
Jeff Patterson
Visa Acquires AI Firm to Boost Fraud Detection Capabilities
- Featurespace’s algorithmic solutions analyze transaction data to detect fraud.
- The merger, expected to close in fiscal year 2025, promises real-time fraud detection for financial institutions.
Thursday, 26/09/2024 | 19:42 GMT by
Jared Kirui
Visa Faces Anti-Trust Lawsuit for “Illegal” Monopoly: How Will It Impact Debit Card Users?
- The Justice Department alleged that Visa charged higher fees to merchants and consumers who used alternative payment networks.
- It even squashed competition by partnering with them.
Wednesday, 25/09/2024 | 06:06 GMT by
Arnab Shome
Visa and Revolut Announce Global Partnership to Enhance Business Payments
- The service reportedly enables businesses to transfer funds to over 78 countries and supports more than 50 currencies.
- The agreement is based on previous initiatives, such as Visa Direct-powered peer-to-peer payments and virtual cards for the B2B travel sector.
Tuesday, 27/08/2024 | 16:04 GMT by
Jared Kirui
Visa and Mastercard Settlement: Merchants Get Extra Time to Claim $5.5 Billion
- The new claim deadline for the Visa and Mastercard settlement is February 2025.
- It covers US businesses accepting Visa or Mastercard from January 1, 2004, to January 25, 2019.
Monday, 19/08/2024 | 17:00 GMT by
Tareq Sikder
Visa Expands Partnership with Wirex to Boost Web 3 Payments in Europe
- Central to the partnership is the introduction of Wirex Pay, a Zero Knowledge payment chain.
- This product enhances payments by enabling transactions between blockchain technology and traditional finance.
Monday, 15/07/2024 | 13:05 GMT by
Jared Kirui
Visa and HSBC Partner for Multi-Currency Transaction Platform
- The new platform supports holding funds in over ten currencies, sending money in over 30 currencies, and transacting in more than 200 countries.
- Launched in the UK this year, the Zing app plans to expand to additional markets.
Tuesday, 09/07/2024 | 14:25 GMT by
Jared Kirui
US Judge Delays Visa, Mastercard $30 Billion Settlement on Swipe Fee Lawsuit: Report
- The federal judge halted the settlement that sought to cap merchant fees, signaling a possible rejection.
- The settlement, aimed at reducing and capping transaction fees, has encountered resistance from major retail groups.
Wednesday, 26/06/2024 | 17:03 GMT by
Jared Kirui
Visa and Dash Solutions Expand Partnership for Instant Payments across Sectors
- This collaboration aims to digitize payouts in near real-time across the healthcare and insurance sectors.
- The offering seeks to enhance efficiency in cards, bank accounts, and digital wallet transactions.
Tuesday, 11/06/2024 | 17:07 GMT by
Jared Kirui
Visa and Mastercard Face Fresh Trouble in the UK as Tribunal Approves Merchant Lawsuits
- The Competition Appeal Tribunal in London ruled that collective lawsuits against Visa and MasterCard over fees can continue.
- This ruling enables more merchants to join forces in seeking damages.
Friday, 07/06/2024 | 18:14 GMT by
Jared Kirui
AI Enters the Fight Against A2A Scams
- A look into VISA's pilot program with Pay.UK.
Friday, 31/05/2024 | 16:00 GMT by
Pedro Ferreira
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