Visa & Mastercard to increase fees for processing transactions
The two biggest United States’ card networks, Visa Inc. and the Mastercard Inc. had been preparing to increase certain fees on US merchant accounts for processing the transactions
Credit Cards
Visa’s European wing pays $15 million to settle Italy tax dispute
The US credit card group Visa’s European arm had paid around $15 million (13.2 million euros), in order to settle a legal dispute in Italy over an accusation of tax escaping, a legal document filed by the Italian prosecutors revealed on Friday
RBI issues 31st December deadline for replacement of magstripe-based cards
After 31st December 2018, the existing magnetic strip-based cards will be invalid following the Reserve Bank of India directive