Tag Archives: Visa

Bloomberg News reports: The US Justice Department sued Visa Inc. Tuesday, alleging the global payments giant illegally monopolized the debit card market, in the Biden administration’s first major antitrust case in the financial services industry. Antitrust enforcers alleged in a complaint filed in Manhattan federal court that Visa, which handles more than 60% of US debit transactions, entered into a …

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 Associated Press reports: Payment processor Visa Inc. said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting. But the decision by Visa, the world’s largest payment processor, will …

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. …

The BBC reports: Customers across the UK and Europe have been unable to pay for their purchases with Visa cards because of a network failure. Some shoppers reported they were stuck in queues in supermarkets and petrol stations as Visa transactions could not be processed. Banks have advised customers that they can still withdraw cash from ATMs. Visa says it …

Visa tonight announced it has signed an endorsement deal with Michael Sam. The first ad in the campaign has launched on YouTube as the first round of the NFL draft is underway in New York City. In his first spot, Sam, the SEC Defensive Player of the Year out of Missouri, is shown working out while a voiceover urges the …

Pink News reports: Labour MEP for the West Midlands, Michael Cashman stunned the European Parliament today by publicly cutting up his Visa card in protest at the company’s sponsorship of the Winter Olympics in Sochi, Russia. Mr Cashman, who was a co-founder of Stonewall and a star of British soap opera EastEnders, has previously said that “hate speech” from Russian …

A coalition of 40 human rights groups have issued a joint letter to the top ten corporate sponsors of the Sochi Olympics which demands that they denounce Russia’s abuses against LGBT people. Via press release: Corporate sponsors of the Sochi Winter Olympics should act now to urge Russia to halt the rising tide of discrimination, harassment and threats against lesbian, …

Via Memographs.