Tech Stock News
Saturday, January 28, 2023
Crypto.com has signed a new business deal with Visa Inc (NYSE:V). This Hong Kong-based payment and cryptocurrency platform targets unveiling fiat lending against bitcoin. If possible, it will apply the same to the rest of the cryptocurrencies. According to Crypto.com, the Crypto.com Visa Card will streamline the service delivery and […]
Discover Financial Services (NYSE:DFS) has joined MasterCard Inc. (NYSE:M) and Visa Inc. (NYSE:V) in blocking users from using their credit cards to make payments on Pornhub. The move comes following allegations published in The New York Times on December 4, 2020, that the site has been showing child porn content […]
MasterCard Inc. (NYSE:MA) and Visa Inc. (NYSE:V) have indicated that they will block the use of their cards on Pornhub a week after they indicate that they would reconsider their association with the site. The move came following a recent New York Times report claiming that content on the site […]
The US federal government has filed a lawsuit blocking Visa Inc.’s (NYSE:V) acquisition of fintech company Plaid, stating that the $5.3 billion acquisition is against antitrust laws. According to the Justice Department, Visa is a monopolist in online debit transactions, and the merger will do away with an emerging competitive […]
Profits of credit card companies Visa Inc. (NYSE:V), MasterCard Inc. (NYSE:MA), and American Express (NYSE:AXP) have been greatly affected by the pandemic as global travel came to a halt. Pandemic impacted profits of credit card companies In the most recent quarter, the companies reported a double-digit drop in their bottom […]
There is a digital payments boom and a shift from the traditional electronic payments systems. Most countries have had a national payment network authorized by a central authority to transfer money between banks. This is time-consuming as the funds could take days and their tracking was challenging. Growing competition in […]