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Reuters - 1 araw ang nakaraan

Visa settles Discover unit's antitrust lawsuit over debit card network

Visa settles Discover unit's antitrust lawsuit over debit card network By Mike Scarcella June 14 (Reuters) - Discover Financial Services DFS.N unit Pulse Network has agreed to settle a lawsuit in Texas accusing Visa of obstructing competition in the multibillion-dollar debit card network services market, causing merchants to pay higher fees. Pulse and Visa disclosed the accord in a court filing on Friday in federal court in Houston, where Pulse had sued the payment card giant in 2014. Pulse said
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Reuters - 2 araw ang nakaraan

Lawsuits claim PornHub, Visa and hedge funds profited from child abuse

Lawsuits claim PornHub, Visa and hedge funds profited from child abuse By Diana Novak Jones June 14 (Reuters) - Eleven people who allege videos or images of their sexual abuse as minors were uploaded to PornHub have filed lawsuits in California federal court against the company, Visa and two hedge funds over claims they knowingly profited from the content, court records show.
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Reuters - 2 araw ang nakaraan

Wall Street Journal - June 14

PRESS DIGEST - Wall Street Journal - June 14 June 14 (Reuters) - Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Atos ATOS.PA said it received a non-binding offer letter from the French government for the acquisition of part of the French IT-firm's big data and cybersecurity division.
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Reuters - 2 araw ang nakaraan

Visa, Mastercard $30 billion fee settlement in peril

Visa, Mastercard $30 billion fee settlement in peril Judge signals she is unlikely to approve settlement Critics see little or no benefit for merchants Litigation began in 2005 By Jonathan Stempel NEW YORK, June 13 (Reuters) - Visa's V.N and Mastercard's MA.N proposed $30 billion antitrust settlement to limit credit and debit card fees for merchants is in peril, after a New York judge signaled she was preparing to reject the accord.
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Reuters - 3 araw ang nakaraan

World Bank to issue bond to boost Amazon reforestation

UPDATE 1-World Bank to issue bond to boost Amazon reforestation Adds details about bond model, quote in paragraphs 2, 7 By Gabriel Araujo SAO PAULO, June 13 (Reuters) - The World Bank said on Tuesday it will issue a new bond expected to raise some $200 million to support its sustainability activities and reforestation in Brazil's Amazon, and has chosen HSBC HSBA.L to structure the transaction.
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Reuters - 3 araw ang nakaraan

World Bank to issue $200 million bond to boost Amazon reforestation

World Bank to issue $200 million bond to boost Amazon reforestation By Gabriel Araujo SAO PAULO, June 13 (Reuters) - The World Bank will issue a new bond expected to raise some $200 million to support reforestation efforts in Brazil's Amazon rainforest, it said on Thursday, choosing banking giant HSBC HSBA.L to structure the transaction. The principal-protected bond will provide financing for reforestation initiatives selected by Brazilian startup Mombak, which buys degraded land from farmers an
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Reuters - 3 araw ang nakaraan

Visa Relaunches Savingsedge With New Offers To Deliver Greater Value To Small Businesses

BRIEF-Visa Relaunches Savingsedge With New Offers To Deliver Greater Value To Small Businesses June 13 (Reuters) - Visa Inc V.N : VISA RELAUNCHES SAVINGSEDGE™ WITH NEW OFFERS TO DELIVER GREATER VALUE TO SMALL BUSINESSES Source text for Eikon: ID:nBw1bN8qJa Further company coverage: V.N
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Reuters - 1 linggo ang nakaraan

Law firm defends work in $5.6 bln card fee case after disclosing fake claims

Law firm defends work in $5.6 bln card fee case after disclosing fake claims By Mike Scarcella June 7 (Reuters) - A law firm that earlier said it unknowingly submitted fake claims as part of a $5.6 billion settlement with Visa and MasterCard told a U.S. judge on Thursday that other parties had also submitted fraudulent material in the case. Responding to a request for more information from the Brooklyn judge overseeing the antitrust case, New York-founded Milberg Coleman Bryson Phillips Grossman
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Reuters - 1 linggo ang nakaraan

Visa and MasterCard face new UK lawsuits over merchant fees

Visa and MasterCard face new UK lawsuits over merchant fees LONDON, June 7 (Reuters) - Global payments processors Visa V.N and Mastercard MA.N must face a new set of lawsuits over fees charged to retailers, after a London tribunal ruled on Friday that collective cases brought on behalf of merchants can proceed. The two firms already face a long list of lawsuits in London over multilateral interchange fees, which retailers pay when consumers use a card to shop.
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Reuters - 2 linggo ang nakaraan

Capital One scales banking’s Mount Improbable

RPT-BREAKINGVIEWS-Capital One scales banking’s Mount Improbable The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, May 30 (Reuters Breakingviews) - It’s easy to imagine that a bank chief nearly 40 years into the job would be looking for new challenges. Capital One COF.N boss Richard Fairbank is taking that to extremes.
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Reuters - 2 linggo ang nakaraan

Capital One scales banking’s Mount Improbable

RPT-BREAKINGVIEWS-Capital One scales banking’s Mount Improbable The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, May 30 (Reuters Breakingviews) - It’s easy to imagine that a bank chief nearly 40 years into the job would be looking for new challenges. Capital One COF.N boss Richard Fairbank is taking that to extremes.
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Reuters - 2 linggo ang nakaraan

Capital One scales banking’s Mount Improbable

BREAKINGVIEWS-Capital One scales banking’s Mount Improbable The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By John Foley NEW YORK, May 30 (Reuters Breakingviews) - It’s easy to imagine that a bank chief nearly 40 years into the job would be looking for new challenges. Capital One COF.N boss Richard Fairbank is taking that to extremes.
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Reuters - 3 linggo ang nakaraan

Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit

REFILE-Visa, Mastercard to pay $197 million to settle consumer ATM fee lawsuit Refiles to add dropped word 'are' in 2nd to last paragraph, adds closing punctuation to same paragraph By Mike Scarcella May 29 (Reuters) - Visa V.N and Mastercard MA.N have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high.
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Reuters - 3 linggo ang nakaraan

Law firm says fake claims were submitted in $5.6 bln credit card settlement

Law firm says fake claims were submitted in $5.6 bln credit card settlement By Mike Scarcella May 28 (Reuters) - A U.S. law firm said it unknowingly filed fraudulent claims in a $5.6 billion antitrust settlement with Visa and Mastercard, telling a judge it was “embarrassed” and would strengthen its review process. The firm, New York-founded Milberg Coleman Bryson Phillips Grossman, said in a Brooklyn federal court filing on Friday that it received paperwork from a “referral” source and t
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Reuters - 4 linggo ang nakaraan

Britain seeks to rein in Mastercard and Visa fees on retailers

UPDATE 2-Britain seeks to rein in Mastercard and Visa fees on retailers Adds Visa statement in paragraph 11, detail on transactions, graphic By Huw Jones LONDON, May 21 (Reuters) - There is little evidence that big fee hikes imposed by U.S. duo Visa and Mastercard on retailers have led to a major improvement in service, Britain's Payment Systems Regulator said on Tuesday, flagging concerns competition was not working.
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Reuters - 4 linggo ang nakaraan

Britain proposes obligations on Mastercard and Visa to increase competition

Britain proposes obligations on Mastercard and Visa to increase competition LONDON, May 21 (Reuters) - There is no effective competition in core credit card services where Visa and Mastercard are the biggest players, and more transparency for users is needed, Britain's Payment Systems Regulator said in an interim report on Tuesday. "The PSR found that over the past five years, and after taking account of volume changes, Mastercard and Visa have increased their scheme and processing fees by more
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Reuters - 1 buwan ang nakaraan

Visa Announces Expiration And Results Of Exchange Offer For Class B-1 Common Stock

BRIEF-Visa Announces Expiration And Results Of Exchange Offer For Class B-1 Common Stock May 6 (Reuters) - Visa Inc V.N : VISA ANNOUNCES EXPIRATION AND RESULTS OF EXCHANGE OFFER FOR CLASS B-1 COMMON STOCK VISA INC - VISA HAS ACCEPTED 240.7 MILLION SHARES OF CLASS B‑1 COMMON STOCK TENDERED IN EXCHANGE OFFER VISA INC - TO ISSUE 120.3M CLASS B-2 & 4
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Reuters - 1 buwan ang nakaraan

Visa Inc. And J.P. Morgan Payments Forge Strategic Collaboration To Revolutionize Faster Money Movement In The US Through Visa Direct

BRIEF-Visa Inc. And J.P. Morgan Payments Forge Strategic Collaboration To Revolutionize Faster Money Movement In The US Through Visa Direct May 6 (Reuters) - Visa Inc V.N : VISA INC. AND J.P. MORGAN PAYMENTS FORGE STRATEGIC COLLABORATION TO REVOLUTIONIZE FASTER MONEY MOVEMENT IN THE US THROUGH VISA DIRECT Source text for Eikon: ID:nBw6JSHzya Furthe
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Reuters - 2 buwan ang nakaraan

Global Payments forecasts full-year profit above estimates on strong spending

Global Payments forecasts full-year profit above estimates on strong spending May 1 (Reuters) - Global Payments GPN.N forecast better-than-expected profit for 2024 on Wednesday, as a strong labor market boosts consumer spending. Payment technology companies have largely downplayed worries of a spending slowdown despite higher-for-longer rates and elevated inflation as finances of most U.S.
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Reuters - 2 buwan ang nakaraan

Mastercard's profit beats as consumer spending defies inflation worries

UPDATE 3-Mastercard's profit beats as consumer spending defies inflation worries Adds analyst comment in paragraph 4, settlement details in paragraphs 10-12 By Mehnaz Yasmin May 1 (Reuters) - Mastercard MA.N reported first-quarter profit that exceeded Wall Street expectations on Wednesday, on higher card spending by consumers despite rising borrowing costs and persistent inflation.
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