MasterCard will vault itself deep into the faster payments landscape and position itself better to compete with Visa in the U.K. if a £1 billion acquisition of VocaLink unfolds as reported on a U.K. news site.

The Purchase, N.Y.-based card brand has entered exclusive talks over the possible takeover of VocaLink, which operates the U.K.'s Faster Payments system and Zapp mobile service, according to Sky News.

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