Visa, Mastercard pause crypto push in wake of industry meltdown
A representation of bitcoin is seen in an illustration picture taken on June 23, 2017. REUTERS/Benoit Tessier/File Photo By Manya Saini (Reuters) - U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms
Visa, Mastercard profits expected to jump as travel rebounds
Reporting by Niket Nishant in Bengaluru; Editing by Lananh Nguyen and Shounak Dasgupta (Reuters) - U.S. card companies are expected to benefit as pandemic-weary consumers continue to fuel demand for travel, one of the biggest contributors to revenue, despite rising inflation. With
Mastercard to phase out magnetic stripe cards
The company’s goal is to gradually eliminate magnetic tapes by 2023 Mastercard has recently announced that it will phase out the magnetic stripes on its debit and credit card, starting from 2024, while contactless payments continue to rise.The company stated that