Independent thinking for complex markets and current events
ECB President Christine Lagarde has called for Europe to break its dependence on American payment infrastructure, warning that every card transaction sends European consumer data to the United States. A coalition of 16 banks thinks it has the answer. QUICK ANSWER What’s happening? ECB President Christine Lagarde told Irish radio that Europe needs its own …
This is private sector censorship in plain view. No debate, no regulation, just quiet threats from the people who handle the money. When two companies can dictate what art or speech survives online, that is power no one voted for.
“Mastercard Inc. is joining the competition for big spenders, announcing a higher-yet tier of rewards card designed to help banks challenge offerings from Chase, American Express and Capital One, among others. The company plans to debut the World Legend category with one of the firm’s largest US partners before the end of September, according to …
No paywall: https://finance.yahoo.com/news/60-billion-visa-mastercard-slump-184854735.html Paywall: https://www.bloomberg.com/news/articles/2025-06-13/a-60-billion-visa-mastercard-slump-seen-as-buying-opportunity ChatGPT highlights: Stock Drop: Visa fell 7.1% and Mastercard dropped 6.2% on Friday, wiping out over $60 billion in combined market value. Trigger: Wall Street Journal report said Amazon, Walmart, and others are exploring issuing stablecoins to bypass credit card fees. Other Players: Companies like Expedia and major airlines are also considering …
European Central Bank President Christine Lagarde has called for the European Union to break away from dependence on American financial platforms such as Visa, Mastercard, PayPal, and even China’s Alipay. She emphasized the need for Europe to establish its own financial infrastructure under full European control. 🇪🇺 EU Seeks to Ditch U.S. Payment Giants like …
European Central Bank chief Lagarde calls for an alternative to American Visa and Mastercard in “a march to independence”. The completion of the Capital Market Union would pave the way for the Fiscal Union. Further European integration would add €3 trillion in value (!) every year byu/EUstrongerthanUS ingeopolitics
Mastercard takes a bold step into the crypto world by launching a new card tailored for digital currencies. With this innovation, users can boost their budgets with promising altcoins. Discover which five cryptocurrencies show strong potential for growth and could enhance the value of the new Mastercard crypto card. The future of spending just got …
NEW YORK, June 25 (Reuters) – A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab agreed to limit fees they charge merchants that accept their credit and debit cards. U.S. District Judge Margo Brodie in Brooklyn said she was not …
https://twitter.com/DC_Draino/status/1733176689700553186
https://www.youtube.com/watch?v=ukd4IwZLF8o Two of the world’s biggest credit card issuers, Visa and Mastercard, are warning about an impending credit card crisis, and consumers should be on high alert because fee hikes will start being introduced over the next 30 days. Both payment technology companies said they also intend to raise credit card fees paid by merchants …