The fact that Visa has chosen to invest in Stripe, not in PayPal, is seen to have huge significance

Stripe, the online payment processing company established by Irish brothers Patrick and John Collison, is now valued at $5 billion after raising new f(...)

UnionPay: its days of domination may be under threat after a complaint in 2012 by the United States to the World Trade Organisation

The Chinese payment system UnionPay, operated by the People’s Bank of China and owned by the about 85 domestic banks, which dominates the credit card (...)

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York. Photograph: REUTERS/Lucas Jackson

Disappointing earnings results from corporate bellwethers weighed on equity prices in Europe and on Wall Street yesterday. European equities fell in (...)

The biggest share price gains for Visa and MasterCard over the past year have come in response to Chinese government policies that open the local payment card market to foreign players.  Photograph: Simon Dawson/Bloomberg

Global bank card operators including Visa and MasterCard can seek licences to clear domestic Chinese payments starting today, following a long-running(...)

American Express has slid the most in the Dow Jones Industrial Average since December 31st after setbacks including the end of the company’s partnership with warehouse-club chain Costco and a ruling by a federal judge that its policies prohibiting merchants from steering customers to cheaper cards violated antitrust laws.

American Express’s short-term stock results have been “disappointing,” as the company faces a variety of issues including the loss of its biggest reta(...)

US president Barack Obama (left) is interviewed during a taping of the “Late Show with David Letterman” in New York. Photograph: Jonathan Ernst/Reuters

Following a week of racially charged protests in Baltimore, US president Barack Obama has said that the residual effects of racism have built up over (...)

Aer Lingus shed some of the gains it made on Thursday on the back of reports the Government was close to agreeing to sell the State’s stake to  IAG. Photograph: Alan Betson

European stocks slid on Friday as concern over the impact of Greek debt was exacerbated by declines in the US and Asia. A two-hour blackout at news a(...)

Intel: Results tomorrow
For your diary

TODAY Meetings: Holcim agm (Zurich) TOMORROW Results: Google; Intel; Kuehne + Nagel. Meetings: Business Expo 2015 (Westcourt Hotel, Dro(...)

Christine Ourmieres-Widener: appointed chief global sales officer for American Express Global Business Travel

Christine Ourmieres-Widener, the outgoing chief executive of Cityjet, has a new job. She has been appointed chief global sales officer for American Ex(...)

The Apple Watch Edition. Apple Watch is the company’s most environmentally friendly product. But there are still some concerns over the conditions of the factories where Apple’s products are made, and the lack of benefit to the American economy. 2:39

It’s difficult to know what the defining news moment of 2015 has been so far: the consecration of the first female bishop in the UK? The explosive (...)