Mastercard

RBI lifts restrictions on Mastercard: Explaining why the company was not allowed to add new customers in India

The ban restricting Mastercard from adding new customers in July 2021 had come after it had failed to adhere to the Reserve Bank of India's rules of data storage. The central bank had then mandated that all service providers store the data relating to payment systems in India

RBI lifts curbs on Mastercard, allows it to onboard new customers

In July last year, the Reserve Bank had barred the US-based entity from issuing new credit, debit and prepaid cards for its failure to comply with data storage guidelines

Ukraine crisis: Mastercard, Visa suspend operations in Russia after invasion

Mastercard said cards issued by Russian banks will no longer be supported by its network and any Mastercard issued outside the country will not work at Russian stores or ATMs.

Russia-Ukraine conflict: From Apple to Amex, the exodus of Western brands from Moscow

Russia's currency, the ruble, has crashed to a record low against the US dollar, pushing authorities to scramble to avoid a financial meltdown

ExxonMobil, Apple, Boeing, Visa, Mastercard, Amex latest giants to cut ties with Russia

The moves, in diverse industries, highlight the rising economic toll on Russia after its assault on Ukraine unleashed massive sanctions across Western governments.

Digital payments: A look at how they work, the cost of your transaction and other questions answered

Even though a transaction is mainly a debit and credit between two banks, there are many intermediaries that facilitate these transactions.

MasterCard won't use magnetic stripes on its cards starting from 2024

MasterCard announced it will become the first to say goodbye to magnetic stripe technology that was introduced back in the 1960s, moving forward.

Why Mastercard earned RBI ire and what's next for the payment network processor in India

The failure of Mastercard to store data of card transactions done in India within the country itself is in direct violation of India's Personal Data Protection Bill

RBI bars Mastercard Asia Pacific from acquiring new customers in India from 22 July

The directions will not impact existing Mastercard customers, but onboarding new credit, debit and prepaid card customers will not be allowed

Sponsors hail Naomi Osaka's 'courage' on mental health after star's French Open pullout

Osaka received criticism by some who say the media events are just “ part of the job." But Nike, Sweetgreen and other sponsors put out statements in support of the 23-year-old star after she revealed her struggles.