All posts tagged "MasterCard"
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3.2KContributed ArticleWirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020 -
1.2KFintech / RegtechMastercard Launches Virtual Testing Environment for CBDCs
The platform enables the simulation of issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers.
September 9, 2020 -
763ChinaAmex Joint Venture Commences Card Clearing Operations in China
The joint venture has launched bank card clearing services in partnership with 16 commercial banks, three mobile payment platforms, and nonbanking payment services providers.
September 3, 2020 -
1.0KChinaChina to Deepen Financial Sector Opening-up Despite Worsening US Ties
PBOC governor Yi Gang says China will continue to open up its financial sector in line with the phase one trade deal signed with the US in January.
August 12, 2020 -
611Australia & NZWestpac to ‘Proactively’ Switch Merchants to Least Cost Routing
The RBA has signalled it was considering taking regulatory action to force banks to move faster in moving merchants from Mastercard and Visa to lower cost networks.
August 6, 2020 -
534IndiaRBI Updates Oversight Framework for FMIs, Retail Payment Systems
The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.
June 14, 2020 -
407China
PBOC Grants Bank Card Clearing Licence to Amex JV
American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.
June 14, 2020 -
969Fintech / RegtechTemasek Joins Libra Association as First Asia Pacific Backer
Temasek's participation in the Libra Association will allow it to contribute toward a regulated global network for cost effective retail payments.
May 17, 2020 -
357China
China Green Lights Mastercard JV to Enter Bank Card Clearing Market
The approval follows a commitment from China to expedite pending licence applications from US payments providers as part of the phase one trade deal.
February 12, 2020 -
354Australia & NZRBA Considers Mandating ‘Least Cost Routing’ – Reports
Forcing banks to route payments through EFTPOS rather than Visa or Mastercard could save retailers an estimated A$500mn a year.
February 7, 2020
