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Mastercard

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Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins
business25 days ago

Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins

Mastercard is acquiring BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion (including $300 million in performance-contingent payments), in its largest crypto investment to date. The deal would let Mastercard connect traditional payment rails with blockchain-based stablecoins and tokenized deposits, leveraging BVNK's platform across 130+ countries and major networks as digital currencies gain traction.

via CNBC|
#acquisition#business#bvnk
business25 days ago

Mastercard to Link On-Chain Payments with Fiat Rails via BVNK Buy

Mastercard announced a definitive agreement to acquire BVNK for up to $1.8 billion (including $300 million in contingent payments) to expand its digital-asset capabilities and connect fiat rails to on-chain payments. The deal aims to enable financial institutions to offer stablecoins and tokenized deposits across 130+ countries, combining BVNK’s cross-network infrastructure with Mastercard’s network for faster, interoperable value transfer across currencies and use cases like cross-border remittances, P2P and B2B payments. The transaction remains subject to regulatory review and is expected to close by year-end.

via Mastercard Investor Relations|
#acquisition#business#bvnk
business5 months ago

Legal Settlement May Impact Your Rewards Credit Card Usage

Visa and Mastercard have proposed a settlement that could allow merchants to discriminate between different tiers of their credit cards, potentially leading to declined rewards cards or surcharges for consumers, amid ongoing litigation over interchange fees. The settlement also includes temporary fee reductions but faces opposition from merchant groups who argue it doesn't go far enough to address interchange fee issues.

via 5 EYEWITNESS NEWS|
#business#credit-cards#mastercard
Visa and Mastercard Settlement Could Impact Rewards Credit Card Usage and Fees
business5 months ago

Visa and Mastercard Settlement Could Impact Rewards Credit Card Usage and Fees

Visa and Mastercard have proposed a settlement that could allow merchants to discriminate between different tiers of their cards, potentially leading to declined high-reward credit cards or surcharges for consumers, amid ongoing litigation over interchange fees. The settlement also includes temporary fee reductions but faces opposition from merchant groups who argue it doesn't go far enough, and it does not involve American Express or debit cards.

via AP News|
#business#credit-cards#mastercard