Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs). The pilot program, part of the “Digital Hong Kong Dollar” initiative organized by the Hong Kong Monetary Authority (HKMA), aimed to...
Transforming the world takes time, even when innovations aim at just one part of it. That, at least on the surface, appears to be the story with crypto and blockchain technology, which have together been honing their real-world utility within the traditional financial services and...
Mastercard is cooperating with an antitrust investigation by the U.S. Department of Justice (DOJ). The firm received a Civil Investigative Demand (CID) from the DOJ Antitrust Division in March and is cooperating with the investigation, Mastercard said in its quarterly report released Thursday (April 27)....
The Federal Trade Commission (FTC) wants Mastercard to share card data with competing payment networks. Under a proposed order announced Friday (Dec. 23), Mastercard will have to share with competing networks the customer account information needed to process debit payments, the FTC said in a press release. “This is a victory for...
May 03, 2022
There’s a fundamental vulnerability within the great digital shift, amid the contactless payments, the digital wallets, the new and mobile ways in which we pay: Sensitive account information — who you are, where you live, the data that makes you, well, you — travels right alongside the transaction. The myriad data breaches that seem to […]
February 07, 2024
Payments Canada, the public purpose organization responsible for owning and operating Canada’s payment systems, is undergoing a leadership transition. Tracey Black, the president and CEO, has decided not to renew her term, the organization said in a Wednesday (Feb. 7) press release. Black, who has been instrumental in leading major payment modernization initiatives since joining Payments […]
November 02, 2023
Visa, in collaboration with HSBC and Hang Seng Bank, has successfully completed a pilot test in Hong Kong to study tokenized deposits using central bank digital currencies (CBDCs). The pilot program, part of...
April 27, 2023
Mastercard is cooperating with an antitrust investigation by the U.S. Department of Justice (DOJ). The firm received a Civil Investigative Demand (CID) from the DOJ Antitrust Division in March and...
December 23, 2022
The Federal Trade Commission (FTC) wants Mastercard to share card data with competing payment networks. Under a proposed order announced Friday (Dec. 23), Mastercard will have to share with competing networks the customer account information needed...
