Tag: Visa

Visa and Mastercard have cited fraud and increased competition to justify post-Brexit fee increases on cross-border payments from the UK, Finextra has revealed.

LoginID, a biometrics authentication services provider, has received strategic funding from payments giant Visa, hot off the heels of its seed round.

After a year marred by an antitrust suit, Visa's acquisition of Plaid has officially been called off as the CEO says regulatory reviews threatened consumers' interests.

Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.

Coinbase has been accused of having created a culture fraught with bullying, racism and discrimination against black people in a new exposé from the New York Times.

Visa's $5.3bn acquisition of Plaid was supposed to be one of the biggest FinTech deals this year, but the US Department of Justice seems dead set against it and has filed a suit to stop the deal.

Visa bought Plaid January in a $5.3bn deal, but now fears about it creating a monopoly situation could make regulators put a stop to the deal.

These 33 FinTech funding rounds from last week highlight the rise of Scandi challenger banks, the importance of cybersecurity and how competition in the buy now, pay later space is heating up.

Visa is being investigated by the European Commission in regards to how it treats FinTech companies in its network.

While the Wirecard scandal truly came to light this summer, it seems as if Mastercard and Visa have been concerned for many years about the now insolvent FinTech giant.