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Top News In Payments: Mastercard CEO Pushes Back Against National Payments System; FCA Tells Credit Cards To Ease Up On Non-Payers

PYMNTS

In today’s top payments news, Mastercard’s CEO speaks out against a national payments system, the FCA tells credit card companies to be reasonable with customers in debt and the People’s Bank of China is prepared to inject $173 billion into the country to stabilize the economic damage wreaked by the coronavirus.

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Mastercard Names New President Of Canadian Operations

PYMNTS

The executive started with Mastercard in 2004 and has served in multiple roles, including sales, customer management, services and product development. Krstic most recently served as the executive vice president of services for the Asia-Pacific market. I look forward to working once again with our customers in this dynamic market.”.

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Managing Time Deposits – How To Use “Specials” And Odd-Month CDs

South State Correspondent

The CD market was born and managing time deposits was a new banking skill. By 1966, there was $15B of CDs issued by banks, a market that was second only to Treasuries. In today’s market, for example, banks publish a 12-month and 13-month CD right next to each other allowing for easy comparison.

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Possible Purchase Deal By Uber Triggers Nearly 40 Pct Surge In Grubhub Shares

PYMNTS

Uber has an approximate $56 billion market capitalization. Founded in 2004, Grubhub went public in less than six years. .” Uber’s stock also climbed 6 percent on the news, which pushed Grubhub’s valuation up from roughly $4.5 billion Monday to about $5.9 Whether a deal will be made is still up in the air. billion to $2.2

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CFOs Shift Away From The Stereotype

PYMNTS

Canada’s financial services market is counting itself among the ranks of the transformative ones of the world. The nation is embracing faster payments and FinTech innovation, while the market is being shaped by everything from the payments Modernization initiative of Payments Canada to the legalization of marijuana.

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Visa, Olympics Team Up For Athlete Financial Literacy Courses

PYMNTS

Kate Johnson, Visa’s vice president of global sponsorship marketing, was an American rower who won the silver medal in the 2004 Olympic Games in Athens. national teams throughout her career. Johnson started her athletic career at 15, and she was a member of nine U.S. After she finished, she joined Visa in 2013. “As

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How The Fed Will Impact Your Deposit Beta

South State Correspondent

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Second, the market has priced in interest rate risk, but it has not priced liquidity risk.