VENTURE CAPITAL POST

Visa and Mastercard have agreed to a $30 billion settlement that would limit credit and debit card fees for retailers.

Fintech company Coin has bounced back from its near failure and partner Visa and MasterCard in providing integrated payment service. Meanwhile regulators are preparing set of regulation for fintech innovation.

It will be a different experience for consumers and golf fans alike as they take part in the Arnold Palmer Invitational PGA Tour event. MasterCard has teamed up with Wearality that develops VR glasses and other wearables and with Callaway Golf Company to enable people to engross themselves in the virtual and augmented reality.

Experts said the new chip-enabled or EMV credit and debit cards can help reducing fraud. However, incomplete adoption of chip cards and readers will make consumers and merchants vulnerable.

Korean biggest technology company, Samsung today announces that its Samsung Pay service is now accepting credit and debit card from Chase Banks. The new announcement set its service in par with other rivals such as Apple Pay and Android Pay.

Numerous miles and points blogs would always mention the benefits of gift cards with some regularity. Moreover, most of travelers want to use gift earning credit cards so that they can earn miles and points for purchases.

MasterCard announces to go global with its well-known hackathon event 'Masters of Code'. The company is expanding the event to multiple cities in the search for best coders.

U.S. stocks ended stronger on Wednesday as Visa's potential expansion into China and talk of a turnaround at McDonald's helped investors look beyond a mixed bag of quarterly earnings.

Facebook Inc said it is adding a new feature to its messaging app that allows friends to send and receive money through it. Users can tap or click a dollar icon in a new chat window to send money to their friends, after they link a Visa

The best performing technology fund since the peak of the dot com boom did it all without owning Apple Inc (AAPL.O), whose soaring stock price has pushed the Nasdaq near a new record high.

Samsung Electronics Co Ltd unveiled its latest Galaxy S smartphones featuring a slim body made from aircraft-grade metal, in a bid to reclaim the throne of undisputed global smartphone leader from Apple Inc.

U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report.

Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday.

American Express Co, the world's largest credit card issuer, reported an 8.1 percent rise in quarterly profit due to higher spending by U.S. customers using its credit cards and a rise in its net interest income.

Moscow, Russia-based mobile payments startup 2can landed $5 million in a Series B funding round led by InVenture Partners to integrate its service with banks in the country.