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Mastercard, 4 Others Fined £33M For Prepaid Card Cartel

The U.K.'s payments watchdog said Tuesday that it has fined Mastercard and four other companies a total of £33 million ($45 million) for operating a cartel for prepaid cards that were used by local authorities to make welfare payments to the vulnerable. ....

United Kingdom , Prepaid Financial Services , Payment Solutions , Najiyya Budaly , Payment Systems Regulator , Advanced Payment Solutions ,

Mastercard, 4 Others Fined £33M For Prepaid Card Cartel

The U.K.'s payments watchdog said Tuesday that it has fined Mastercard and four other companies a total of £33 million ($45 million) for operating a cartel for prepaid cards that were used by local authorities to make welfare payments to the vulnerable. ....

United Kingdom , Prepaid Financial Services , Payment Solutions , Najiyya Budaly , Payment Systems Regulator , Advanced Payment Solutions ,