MasterCard's Contactless Mandate Preps Europe for Mobile Wallets
MasterCard is establishing a foundation for mobile wallets in Europe by requiring the continent's merchants to accept contactless payments by the end of the decade.
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WM Morrison Supermarkets Plc is leading a group of U.K. retailers seeking to add as much as 1 billion pounds ($1.6 billion) to the amount it's seeking from MasterCard Inc. in an antitrust suit over payment fees. more »
Image: Bloomberg News
MasterCard Inc. lost its final court challenge to a European Union antitrust order for it to cap fees it sets for cross-border card payments in Europe. more »
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Canadian Finance Minister Joe Oliver is pressing credit-card companies and banks to accept lower transaction fees paid by retailers, which the government claims are among the highest in the world, according to two people familiar with the talks. more »
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Getting payment cards operating under a Single Euro Payments Area framework is the next big hurdle facing those seeking a common system in Europe. more »
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It sometimes seems that two issues dominate payments: the ongoing battle over the price of payments between major retailers and issuing banks, and the organizations in developed markets that are tumbling over each over to announce their latest wallet, wearable token or smartphone app is going to revolutionise the payments world as we know it. more »
CoinPrices.io's Matt Odell
Recently we have seen both Argentina and Ukraine fall into two very different types of crises, but the economic results appear to be the same. more »
ZipZap CEO Alan Safahi
As banks cut cross-border transfer services to emerging markets because of perceived risk, the market for remittance services opens up for digital payments startups. more »
The Ben Thanh market in Ho Chi Minh City
MasterCard and Sacombank are equipping the Ben Thanh market in Vietnam with mobile point of sale capabilities, introducing digital payments to what had been a cash only market for more than a century. more »
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Prepaid processor i2c, Inc. has opened a new office in Singapore as it extends its operations the Asia Pacific region. more »
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As a new Russian law took hold July 1 to help support a new national payment system, the country may have extended an olive branch to Visa and MasterCard regarding its fees. But Visa says these reports are conflicting, and the details are not yet finalized. more »
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Visa Inc. said Russia hasn't done enough to ease new rules requiring payment-system operators to make a deposit that would be at risk if services are interrupted. more »
Tomasz Krajewski
Imagine that one day people from your country’s rural areas start paying with their mobiles. Would it be strange? Definitely. That would mean they are more advanced in mobile payments adoption than the majority of people living in cities, who still prefer to use plastic. more »

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