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Category: Mastercard

India’s payment push is cutting out Visa and Mastercard

As global regulators increase their scrutiny on Visa and Mastercard over merchant fees, India has chosen a different path: creating rival payment networks that are increasingly sidelining international card networks. The strategy builds on India’s Unified Payments Interface, known as UPI, a nine-year-old system that now processes more than 13 billion real-time transactions monthly, or…

Russia bans cybersecurity company Recorded Future

Russia banned the cybersecurity company Recorded Future on Wednesday, labeling it an “undesirable” organization — much to its CEO’s delight. The company stands accused of collaborating with the Central Intelligence Agency, Ukraine and other countries.  “They provide information and technical support for the propaganda campaign launched by the West against Russia,” Russia’s Office of Prosecutor…

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