Tag Archives: Mastercard

ABC News reports: Visa and Mastercard paused their decision to start categorizing purchases at gun shops, a significant win for conservative groups and Second Amendment advocates who felt that tracking gun shop purchases would inadvertently discriminate against legal firearms purchases. The decision is, at the same time, also a defeat for gun control groups. There had been hope that categorizing …

The BBC reports: Visa and Mastercard have announced they will suspend all operations in Russia in protest at its invasion of Ukraine. Cards issued by Russian banks will no longer be supported by their networks, the payments giants said late on Saturday. Both firms have also said that cards issued abroad will no longer work at businesses or ATMs in …

Reuters reports: U.S. payment card firms Visa and Mastercard have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine. Visa said on Monday it was taking prompt action to ensure compliance with applicable sanctions, adding that it will donate $2 million for humanitarian aid. Mastercard also promised to contribute $2 million. …