The future of payments in the UK

Visa and Mastercard have spent decades building secure networks, developing fraud prevention technologies, refining payment standards and establishing a global distribution system that allows cards to be issued by banks and accepted by millions of merchants worldwide.The scale of investment required to build a viable card scheme is often underestimated in political discussions.Perhaps most importantly, they provide payment guarantees. When a retailer accepts a card payment and hands over goods or services i ...