Ajay Banga is the new COO of MasterCard
MasterCard has announced the appointment of Ajay Banga as their new president and chief operating officer.
Banga was previously the chief executive officer of Citigroup Inc.’s Asia Pacific unit.
He would now join MasterCard on August 31.
He would be directly reporting to Robert Selander who is leaving the [...]

MasterCard to settle lawsuit with American Express
MasterCard has announced that they are now going to settle their lawsuit with American Express.
The world’s second-largest credit-card network would be paying American Express up to $1.8 billion to settle this lawsuit.
The lawsuit claimed that MasterCard and Visa forced banks to not issue credit cards from the rival company.
MasterCard [...]