Analysis of News relating to the Digital Money Ecosystem

Visa, MasterCard Asked To Help Monitor Fee Cap Compliance - Law360

19/09/2018 Link to source

Visa, MasterCard Asked To Help Monitor Fee Cap Compliance The Payment Systems Regulator has asked Visa Europe Ltd. and MasterCard Europe SA to help it identify whether card issuers such as banks are complying with rules that prohibit them from side-stepping caps on interchange fees by charging other costs to ...

Context

	Authorize.Net (CybesSource, Visa) Since 1996, Authorize.Net has been a leading provider of payment gateway services, managing the submission of billions of transactions to the processing networks on behalf of merchant customers.
	Datacash Group Plc (MasterCard) Datacash Group Plc was originally founded as a payment gateway procided to cater to the needs of merchants requiring e-commerce services. It became a wholly owned subsidiary of MasterCard in 2010.
	MasterCard WorldWide MasterCard has a range of alternate payment services within contactless payments, remittances and online payments.
	Simplify Commerce (MasterCard) MasterCard has developed Simplify Commerce that allows merchants to accept credit and debit card payments online. At present, Simplify Commerce may be used only by businesses and individuals in USA.
	Cash Passport The Prepaid Travel Card MasterCard allows you to purchase goods and services from millions of locations, as well as access to local currency from more than one million ATMs worldwide.
	Visa Europe Visa Europe is a Payment Provider in UK
	Payment Systems Regulator (PSR) The new Payment System Regulator (PSR) launched in UK in April 2015 as a subsidiary of the FCA, but as an independent economic regulator.
	Travelex-Mastercard Travelex Cash Passport Mastercard; Standard Chartered First Bank & Bc Card
	Authorize.Net (CybesSource, Visa) Since 1996, Authorize.Net has been a leading provider of payment gateway services, managing the submission of billions of transactions to the processing networks on behalf of merchant customers.
	Simplify Commerce (MasterCard) MasterCard has developed Simplify Commerce that allows merchants to accept credit and debit card payments online. At present, Simplify Commerce may be used only by businesses and individuals in USA.
	Visa Inc. - International 201007: Acquired CyberSource Visa operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered un
	Visa Europe Visa Europe is a Payment Provider in the UK.
	Banknet Banknet is MasterCard’s global telecommunications network. It is the foundation of their payments processing platform and is built as a virtual private network (VPN).
	MasterPass Wallet Brazil MasterCard has launched a digital wallet MasterPass for use via multiple channels. It can be used online, on mobile phones and for in-store purchases.
	MasterPass Wallet MasterPass by MasterCard is the way to pay online with the multi-tiered security of the MasterCard network in partnership with a consumer bank.
	MasterPass Wallet - Europe MasterCard has launched a digital wallet MasterPass for use via multiple channels. It can be used online, on mobile phones and for in-store purchases.
	Visa Europe/ Akbank contactless microSD Trial Visa and Akbank to Launch Trial of Contactless microSDs. Akbank customers will be able to insert the contactless microSDs into their BlackBerrys with appropriate slots to tap to pay at payWave terminals in Istanbul and beyond. The cards have tiny a
	Simplify Commerce by MasterCard MasterCard Simplify Commerce is offered to merchants as a hosted payments service. With just a few lines of HTML it is claimed they can use Simplify's secure hosted payment form for their payments.
	Visa Europe Mobile Alerts Visa Europe developed and promoted mobile financial services, from their research and pilot studies aimed at determining consumer preferences.
	Visa Europe Personal Payments Handset-to handset and online-to-handset money transfer.
	Visa Europe Mobile offers Targeted offers and coupons delivered directly to the mobile device and redeemed at near-by retailers and businesses
	Mobile Visa payWave Secure mobile Near Field Communication (NFC)-based and SIM-based point-ofsale payments using Visa payWave embedded in a mobile device.
	Visa Europe Smart Poster Co-branded mobile posters, signposting nearby coffee shops with the offer of exclusive mobile 'buy one, get one free' offers
	Visa Mobile Money - Kenya Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Regulatory compliance Regulatory compliance describes the goal that corporations or public agencies aspire to achieve in their efforts to ensure that personnel are aware of and take steps to comply with relevant laws and regulations.
	Payment Systems Payment systems refers to operational networks, governed by laws, rules and standards, that link bank accounts and provides the functionality for monetary exchange.
	Banknet Banknet is MasterCard’s global telecommunications network. It is the foundation of their payments processing platform and is built as a virtual private network (VPN).
	MasterPass Wallet MasterPass by MasterCard is the way to pay online with the multi-tiered security of the MasterCard network in partnership with a consumer bank.
	Chunghwa Mobile Payment With Visa and Chinatrust Chunghwa Trials Mobile Payment With Visa and Chinatrust
	Visa, Maxis NFC Trials Visa and Maxis conducted the first payWave Trial in Malaysia, where Visa had first introduced Visa contactless cards.
	Simplify Commerce MasterCard Simplify Commerce is offered to merchants as a hosted payments service. With just a few lines of HTML it is claimed they can use Simplify's secure hosted payment form for their payments.
	Visa Europe Mobile Financial Services Visa Europe developed and promoted mobile financial services, from their research and pilot studies aimed at determining consumer preferences.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.

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