Credit Card Services

Mastercard Announces Acquisiton of Finicity for $825 Million

Reuters | |

(Reuters) - Mastercard Inc said on Tuesday it would buy Finicity in a deal valued at $825 million, adding a fintech firm that helps banks share customer data with other financial firms.The world’s second-largest payments processor also said Finicity’s existing shareholders can get an earn-out of up to an additional $160 million, if performance targets are met.Finicity will help Mastercard strengthen its open banking services, which allow customers to determine how and where third parties suc...

Mastercard CEO Ajay Banga To Step Down, Insider Michael Miebach Tapped

Reuters | |

Mastercard warned its Q1 net revenue would take a hit if the coronavirus outbreak persists.

Visa Planning Biggest Changes to U.S. Swipe Fees in a Decade

Reuters | |

Visa’s shares were up 1.2% in premarket trading.

Visa Misses First Quarter, Sees Muted Revenue Growth in 2020

Reuters | |

Net income rose 10% to $3.27 billion, or $1.46 per Class A share.

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