Mastercard Inc news and trends

Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions
Mastercard // July 26, 2023

Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards. Following cease-and-desist letters sent by Mastercard last week, companies that facilitated PIN debit payments for cannabis have been attempting to provide alternatives to the dispensaries that were using them,...

Delivery Hero Wins $43.6 Million UK Lawsuit Against Mastercard
Legal // July 19, 2023

German food delivery company Delivery Hero has been awarded $43.6 million from Mastercard in a victory in the United Kingdom courts. The online food delivery company took legal action in December after a payment processing deal with Mastercard went south last year, Bloomberg reported Wednesday (July 19). Mastercard did not...

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MTN Group CEO: Open to Selling Up to 30% of FinTech Business

August 15, 2023
African telecommunications company MTN Group Ltd. is seeking to include up to three more strategic investors in its telecom unit, said MTN Group CEO Ralph Mupita. “We are open to selling up to a maximum of 30% of the FinTech business. There might be three or maybe even four strategic partners within that,” stated Mupita told Bloomberg Tuesday […]

Mastercard’s Cease-and-Desist Letters Halt Cannabis Debit Card Transactions

July 26, 2023
Mastercard has told payment processors and banks to stop allowing marijuana transactions on its debit cards. Following cease-and-desist letters sent by Mastercard last week, companies that facilitated PIN debit payments...

Delivery Hero Wins $43.6 Million UK Lawsuit Against Mastercard

July 19, 2023
German food delivery company Delivery Hero has been awarded $43.6 million from Mastercard in a victory in the United Kingdom courts. The online food delivery company took legal action in December after a payment...