The UK FCA says it is investigating PayPal, Mastercard, and Visa for alleged anti-competitive behavior; Visa says it is “regarding the PayPal digital wallet”
The UK FCA says it is investigating PayPal, Mastercard, and Visa for alleged anti-competitive behavior; Visa says it is “regarding the PayPal digital wallet”
Move is rare exercise of Financial Conduct Authority's competition law powers — PayPal, Mastercard and Visa are being investigated …
The US DOJ sues Visa, alleging it has an illegal monopoly over debit network markets and has tried to unlawfully crush competitors, including PayPal and Square
Gaby Del Valle / The Verge :
Sources: as part of the US DOJ's two-year Visa investigation, officials are looking at the company charging merchants more for not using its “tokenization” tool
Bloomberg :
Internal docs detail efforts by Tether Holdings and Bitfinex to maintain access to the global banking system by using shadowy intermediaries and shell companies
the Cullen Commission in Canada on money laundering asked Bitfinex - Tether people to testify at our govt inquiry on money laundering, and asked them nothing about their operations. https://twitter.co...
Visa and Mastercard end ties with the ad arm of Pornhub owner MindGeek, after a court ruled Visa must face a lawsuit alleging it is liable for CSAM distribution
Visa (V.N) and Mastercard (MA.N) on Thursday said they had suspended ties with the advertisement arm of MindGeek …
Sources: DOJ is investigating whether Visa used financial incentives to keep Square, Stripe, and PayPal from using other card networks or payment systems
Wall Street Journal :
Payments company Paddle announces an alternative in-app payments system for iOS, charging 5%-10% fees and launching December 7, following Epic v. Apple ruling
which makes it not “in-app” but more like how we've been doing it on the web for the past 20 yrs 😉 Fees: 10% or 5% + $0.50 https://twitter.com/... Elena / @virtualelena : $689m is an incredible number...
DOJ files an antitrust lawsuit challenging Visa's proposed $5.3B acquisition of Plaid; Visa says the arguments are “legally flawed”
Jonathan Shieber / TechCrunch :
DOJ files an antitrust lawsuit challenging Visa's proposed $5.3B acquisition of Plaid; Visa says the arguments are “legally flawed”
The Department of Justice has filed an antitrust lawsuit challenging Visa's proposed $5.3 billion acquisition of Plaid .