Benzinga – 7/30/13: MasterCard (NYSE: MA [FREE Stock Trend Analysis]) and Visa Inc. (NYSE: V) announced today an agreement to license their respective common U.S. debit solutions to each other to meet the industry need for a streamlined approach to route U.S. chip debit transactions over multiple, unaffiliated networks. Visa and MasterCard have made certain proprietary EMV chip technologies available to each other and other networks, enabling a debit chip transaction originating from a single chip application to be routed by the merchant to Visa, MasterCard or any other U.S. PIN debit network that elects to participate in these same solutions.
Click here to read more: http://www.benzinga.com/news/13/07/3794525/mastercard-visa-to-license-us-debit-solutions-to-one-another?utm_source=NewsFilter+365+8%2F02%2F13&utm_campaign=NF+%23365+8%2F02%2F13&utm_medium=email

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Source: Paymentspulse