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The Latest Breaking News from Mastercard

Bank customers experience problems with online Mastercard payments

The credit card giant says it is aware of reports and is looking into them

Wales Online

FA Cup final: How to spot and avoid ticket scams

Evening Standard

I can’t get a refund as my John Lewis card is now defunct

The issuer, HSBC, says there’s nothing it can do … and so does John Lewis Finance

The Guardian - UK

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Asian trade subdued as economic outlook weakens

RECAP: Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from the US and China fuelled concerns about a global slowdown.

Bangkok Post

Philip Belamant net worth | Evening Standard Tech Rich List

A serial fintech entrepreneur, the Rand Afrikaans University IT graduate set up and sold on two other payment companies before founding Zilch in 2018. It raced to a $2 billion valuation in just two years, offering a transparent approach to buy-now-pay later services. Belamant’s experience in providing payment platforms in…

Evening Standard

Virtual card option for Google Wallet

TrueMoney, a leading e-payment and financial service provider, has joined forces with Mastercard and Google to enable users to add TrueMoney Mastercard virtual prepaid card, previously known as WeCard, to Google Wallet.

Bangkok Post

Mastercard Stock, IBD Stock Of The Day, Makes Bullish Move In Buy Zone

Mastercard, Stock Of The Day, made a bullish move Friday within a buy zone. The credit card giant is benefiting from strong cross-border payments.

Investors Business Daily

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Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

The Independent UK

Market Rally Wobbles Amid Big Earnings Moves From Microsoft, Meta, Crocs, Cloudflare: Weekly Review

The stock market rally went to "under pressure" amid big earnings moves and revived banking fears, but the major indexes ultimately closed tightly again.

Investors Business Daily

Dow Jones Futures Rise: Meta Soars, Drug Giants Climb, Specialty Chip Plays Dive

Futures: Meta Platforms boomed on earnings, but megacap techs can't hide broad market rally weakness. First Republic dived again.

Investors Business Daily

Mastercard Tops Expectations On Cross-Border Volume; Visa Stock Eyes Buy Zone

Mastercard cruised past forecasts for its Q1 results Thursday. Visa stock eyes a buy zone after the Dow Jones payment giant beat Q2 expectations.

Investors Business Daily

Reverse ATMs take bills, dispense cards as stores go cashless

Sports stadiums and amusement parks are all shunning cash — but often required to take it

Axios

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

Insider UK

List of companies and organisations which have left the CBI

The trade body claims to represent around 190,000 businesses across the UK.

The Independent UK

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Investors Business Daily

Mastercard Stock Scores Rising Relative Price Strength Rating

Mastercard sees its Relative Strength Rating hit the 80-plus level.

The Independent UK

New India-born World Bank chief: Real change or rebranding?

The incoming president of the World Bank was born in India and had his early success in business there

Investors Business Daily

Visa Is Stock Of The Day: Unfazed By Banking Crisis, Payments Giant Nears Buy Point

IBD Stock Of The Day: Visa is benefiting from cross-border payments and solid overall transaction growth.

Fortune

Inside the struggles of Summit Powder Mountain and its ill-fated tech utopia

It was designed to be a haven for techies and billionaires. Instead, ten years on, it’s a “9,000-foot monument to the hubris of Silicon Valley’s big ideas.”

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news in one place.

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Asharq Al-Awsat

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

Investors Business Daily

How Apple Pay Later Will Pressure PayPal, Cash App And Affirm

Apple's launch of buy now, pay later offerings didn't move AAPL stock much, but investors in PayPal, Square and Affirm took notice.

The Independent UK

Biden pick Ajay Banga cleared to take top job at World Bank

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job

The Conversation

Can this former CEO fix the World Bank and solve the world's climate finance and debt crises as the institution's next president?

Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state.

The Independent UK

Apple rolls out buy now, pay later service, with guardrails

Apple is getting into the buy now, pay later space with a few tweaks to the existing model, including no option to pay with a credit card

Investors Business Daily

Dow Jones Up As 3 Warren Buffett Stocks Eye Buy Points; Coinbase Dives As Bitcoin Falls On This

The Dow Jones gained as the bank crisis eased. A trio of Warren Buffett stocks are near buy points. Bitcoin tumbled while Apple stock rose.

The Guardian - UK

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

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