Britain proposes obligations on Mastercard and Visa to increase competition

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Payment Systems Regulator,Visa

There is no effective competition in core credit card services where Visa and Mastercard are the biggest players, and more transparency for users is needed, ...

LONDON - There is no effective competition in core credit card services where Visa and Mastercard are the biggest players, and more transparency for users is needed, Britain's Payment Systems Regulator said in an interim report on Tuesday.

The PSR said it has proposed "remedies" for public consultation, that include improved transparency for users, and obligations on Mastercard and Visa to explain, consult on and/or document the reasons for price changes. Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.Are you wondering what TSX energy stocks could pay and grow their dividends for decades ahead? Here are two for long-term passive income! The post Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.

Source: Loan Digest (loandigest.net)

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