BRITISH bank bosses are drawing up plans for a homegrown payments network to rival US giants Visa and Mastercard. It comes ...

'If Mastercard and Visa were turned off, it would send us back to the 1950s.' ...

About 95% of UK card transactions are processed through Visa and Mastercard, making the country highly vulnerable should ...

Exclusive: First meeting to be held over domestic payments system aimed at reducing reliance on US networks ...

UK bank bosses are to meet this week to discuss a potential local alternative to Visa and Mastercard as the US president ...

The initiative aims to ensure the UK economy can continue functioning in the event of disruption to existing card networks ...

The meeting, to be chaired on Thursday by Barclays’ UK chief executive, Vim Maru, will bring together major City financial institutions prepared to fund a new payments company designed to safeguard th ...

With concerns about US dominance rising, the UK and EU are looking for sovereignty in finance as well as technology.

The Olympics are boosting spending in Italy, large-in-part thanks to Americans. In the U.K., Barclays is reportedly leading a meeting to seek support for an existing project. The meeting comes against ...

The UK’s largest banks are set to meet this week to discuss the development of a national payments system, aimed at reducing ...