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Mastercard denies pressuring game platforms, Valve tells a different story

The outcry after a recent marketplace crackdown on games with adult content, seemingly due to pressure from payment processors, prompted Mastercard to release a brief statement Friday pushing back against recent headlines. “Mastercard has not evaluated any game or required restrictions of any activity on game creator sites and platforms, contrary to media reports and allegations,” the company said, adding, “At the same time, we require merchants to have appropriate controls to ensure Mastercard

Visa and Mastercard: The global payment duopoly (2024)

The global payments processing market is dominated by two major players: Visa and Mastercard. These two companies account for 90% of all payment processing outside of China and have a combined market value of approximately $850 billion. How is it possible that, in the era of global competition, such a large market niche is completely dominated by only two players? Let's explore this in-depth and examine the increasing challenges they face in protecting their market positions. Key Insights Domi

Apple, Mastercard and Visa's antitrust lawsuit over payments has been dismissed

Apple, Mastercard and Visa have successfully dodged a lawsuit that claimed the companies were colluding to maintain the current status quo in point-of-sale-payment card services, Reuters reports. The original 2023 lawsuit filed by beverage retailer Mirage Wine and Spirits alleged that Apple was essentially accepting bribes to not develop its open payment network or open up the iPhone's NFC-based "tap to pay" functionality to competitors. The judge on the case ultimately dismissed it over a lack

Credit, Debit or Crypto? Mastercard Says It'll Add Stablecoin as a Payment Option

Cheng Xin/Getty Images How does a carousel of currencies -- cash, credit, crypto, installment -- attached to a single payment credential sound to you? Well, that's what Mastercard is touting with its One Credential, noting a particular interest in attracting Gen Z. Mastercard announced it's partnering with payment processor Fiserv to bring its recently announced stablecoin, FIUSD, to the Mastercard network. That means Mastercard One Credential users will be able to choose to pay with FIUSD, ca