Tag: Mastercard

October 23, 2023

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their […]

August 23, 2023

By bringing together such a group under one platform, Mastercard aims to bring a “greater understanding” of the advantages and disadvantages of CBDCs, and how they can be implemented in a way that is “safe. seamless and useful”. Inaugural members […]

October 26, 2022

The move will allow customers to make global online payments with a Mastercard virtual card linked to Cellulant’s digital wallet offering Tingg. Tingg is a single API payments platform that enables businesses to collect online and offline payments while allowing […]

October 7, 2022

Designed for both Uber drivers and couriers, the Uber Pro Card will help drivers save on fuel, fees and other associated expenses, with earnings automatically deposited into a business checking account powered by Branch. Through the Uber Pro Card app, […]

September 13, 2022

Overall, the card company expects spending to rise over 2019 pre-pandemic levels this holiday season, despite the uncertain economic environment, including inflation and higher interest rates. Indeed, Mastercard expects total retail sales, excluding auto, to jump 18.8% over the 2019 […]

August 8, 2022

Democratic Sen. Dick Durbin finally found a Republican partner to join him in taking on the nation’s big card network companies, Visa and Mastercard. Durbin (D-IL) joined with Sen. Roger Marshall (R-KS) last month to introduce the Credit Card Competition […]

May 18, 2022

Through the partnership, the two firms aim to develop digital banking solutions that will help banks bolster their ESG credentials and encourage customers to adopt more sustainable consumption habits. Henrik Rosvall, founder and CEO of Dreams, says, “Through our strategic […]

April 12, 2022

Up to one out of every 50 ACH transfers fail, an issue that Mastercard contends can be addressed through a mix of new data-sharing techniques and machine learning. “With ACH payments there’s a latency in how they are processed; it […]

March 11, 2022

At the core of the partnership is an agreement to “go-to-market jointly to launch credit cards with issuers worldwide on Zeta’s modern, cloud-native, and fully API-ready credit processing stack”. The payments giant has also invested $30 million, alongside other investors, […]

March 2, 2022

The “Mastercard Instalments with Pine Labs” programme will roll out to all DBS Bank and POSB Bank (a subsidiary of DBS) credit card holders in Singapore from March, with Indonesia and Hong Kong set to follow sometime in Q2 2022. […]

November 30, 2021

The spat between retail juggernaut Amazon and card giant Visa over credit card fees levied in the U.K. may have ramifications for rival credit card companies such as Mastercard, American Express, and Discover, according to analysts. At issue in the […]

November 29, 2021

The takeover is intended to support the delivery of bill pay solutions and other real-time payment applications across Latin America. Arcus was launched in 2013 and its platform enables businesses to launch and offer payment solutions. Users include BBVA, Santander, […]

October 29, 2021

Announced at Money20/20, the partnership also expands Mastercard’s rewards scheme to include crypto and will allow for the issuance of branded crypto debit and credit cards. Mastercard says the “multifaceted partnership” will enable “Crypto-as-a-Service” and make it easier for its […]

September 14, 2021

The company says that CipherTrace’s security and fraud detection capabilities provide “additional transparency and support” for the digital asset ecosystem. Mastercard plans to integrate the start-up’s suite of crypto intelligence solutions with its own cybersecurity offerings. It says this will […]

June 15, 2021

Mastercard has partnered with UK-based FinGo, the world’s first biometric identity authentication and payments platform, giving the fintech access to the white labelled Mastercard Payment Gateway Services (MPGS). The move will enable FinGo to grow its footprint for biometric payment […]

June 11, 2021

The programme, part of the company’s Start Path initiative, aims to give minority-led start-ups access to the support and funding necessary to scale. Start Path participants will receive direct access to the company’s channels, customers and product teams as well […]

June 4, 2021

Synctera’s ability to haul in so much money probably has something to do with the marquee Silicon Valley name leading the company, CEO and co-founder Peter Hazlehurst, who headed ride-hailing company Uber’s management of global money flows. He left last […]

April 22, 2021

The deployment is in collaboration with both IBM and Mastercard. It is part of Saudi Payments’ plan to boost Saudi Arabia’s financial ecosystem. Built on the ISO 20022 standard, sarie automatically supports all Saudi banks across the kingdom. Saudi Payments […]

April 20, 2021

Mastercard announced Tuesday a multimillion dollar investment in Fearless Fund, a venture capital firm founded by Black women with the mission of investing in minority female entrepreneurs. The exact amount was not disclosed. The credit card giant also unveiled a […]

March 16, 2021

Durbin and Rep. Peter Welch, D-VT, sent a letter to the companies this month urging them not to increase fees. The merchants’ trade group Merchants Payments Coalition has also been pressing the credit card companies to hold off on a […]