VISASTEEL

July 11 (Reuters) - JPMorgan Chase JPM.N is planning to impose fees on fintech companies for access to its customer bank account data, Bloomberg News reported on Friday, citing people familiar with the matter.

The largest U.S. lender has sent pricing sheets to data aggregators - intermediaries that link banks with fintech platforms - outlining new charges that may vary by use case, with payment-focused firms facing higher costs, according to the report.

"We've invested significant resources creating a valuable and secure system that protects customer data," a JPMorgan Chase spokesperson said.

"We've had productive conversations and are working with the entire ecosystem to ensure we're all making the necessary investments in the infrastructure that keeps our customers safe."

The move could disrupt the business model of payment apps, which rely on free access to customers' financial data to process transactions.

Shares of PayPal PYPL.O fell 6.3%, Block XYZ.N was down 5.6%, while Visa V.N and Mastercard MA.N lost 2.82% and 2.9%, respectively.

The new fees are expected to take effect later this year but are subject to negotiation, the Bloomberg News report said.

U.S. banking giants are pushing for lighter regulations under President Donald Trump's administration battling Biden-era regulations over tougher capital requirements.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Pooja Desai)

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Aug 10 (Reuters) - An alert on X CEO Linda Yaccarino saying Coca-Cola and Visa were brands that were returning to the platform has been withdrawn as it was tagged to Kellogg Co K.N and Visa Steel Ltd VISA.NS, two unrelated companies. X was formerly known as Twitter.

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STORY_DATE:10/08/2023

STORY_TIME:[02:32:39]

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Aug 7 (Reuters) - Visa Steel Ltd VISA.NS:

• INDIA'S VISA STEEL JUNE-QUARTER CONSOL NET LOSS 140 MILLION RUPEES VERSUS LOSS 254.2 MILLION RUPEES

• VISA STEEL LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.35 BILLION RUPEES VERSUS 1.97 BILLION RUPEES

Source text for Eikon: ID:nBSE3JFVzM

Further company coverage: VISA.NS

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May 29 (Reuters) - Visa Steel Ltd VISA.NS:

• INDIA'S VISA STEEL LTD MARCH-QUARTER CONSOL TOTAL LOSS 203.3 MILLION RUPEES VERSUS LOSS 93.5 MILLION RUPEES YEAR AGO

• VISA STEEL LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.07 BILLION RUPEES VERSUS 3.10 BILLION RUPEES YEAR AGO

Source text for Eikon: [ID:]

Further company coverage: VISA.NS

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By Elizabeth Howcroft

LONDON, April 28 (Reuters) - Mastercard MA.N will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary.

Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. The Binance cards allow users to make payments in traditional currencies, funded by their cryptocurrency holdings on the exchange.

"We have dozens of partners around the world who offer crypto card programmes and they continue to expand," Raj Dhamodharan, Mastercard's head of crypto and blockchain, told Reuters on Thursday.

"Providing access to crypto in a safe way is also part of our value proposition and we're continuing to do that."

Banks have become wary of crypto clients after a number of big crypto firms collapsed last year, including the bankruptcy of major exchange FTX. Meanwhile, U.S. regulators are increasingly cracking down on what they say is a lack of compliance in the market.

In March, the U.S. Commodity Futures Trading Commission sued Binance, accusing the world's largest crypto exchange of operating what the regulator called an "illegal" exchange and a "sham" compliance program.

Binance CEO Changpeng Zhao said the complaint contained an "incomplete recitation of facts".

Dhamodharan declined to comment on Binance specifically, but said any card programme "goes through full due diligence" and is continuously monitored.

Some banks, including Santander and NatWest, limit the amount of money UK customers can transfer to cryptocurrency exchanges to protect consumers from scams and fraud.

In November, rival Visa VISA.NS severed its global credit card agreements with FTX. American Express AXP.N - which had said in 2021 it would consider using crypto as a possible option to redeem reward points - said in February that it did not see crypto replacing its main payment and lending services in the near term.

Asked if Mastercard is considering imposing restrictions on the amount of money that could be transferred to crypto exchanges using its payments network, Dhamodharan said, "We're not here to pick winners. We're not here to pick which transaction should happen or shouldn't happen."

He added users of Mastercard's network go through a number of compliance checks, adding that the company has invested in crypto analytics technology.

Mastercard is "really quite enthusiastic" about the underlying blockchain technology that powers cryptocurrencies, Dhamodharan said.

"We think more and more regulated money will come to this," he said.

(Reporting by Elizabeth Howcroft, Editing by Louise Heavens)

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