A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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March 23, 2023
On the web
Mastercard to Settle Transactions for Stablecoin Wallet in APAC
Cointelegraph
Mastercard Send™ Will Soon be Available for Checkout.com Customers in Australia, Hong Kong SAR
IBS Intelligence
March 20, 2023
On the web
Mastercard Pilots Digital ID Service for Online Shopping
Power Retail
Mastercard Strengthens Customer Security with New AI ‘Cyber Shield’
Mastercard
March 17, 2023
On the web
Mastercard Charts a Path to Becoming the Metaverse’s Default Payment Processor
Digiday
On the wires
Visa, MasterCard $5.6 Billion Settlement with Retailers is Upheld
Reuters
Collaboration of MasterCard, Visa, and PayPal, among others, Expected to Result in a Massive 18.15% Growth for In-Vehicle Payments Market Between 2022-2031
PR Newswire
March 16, 2023
On the web
Mastercard Certified in the UK as a Trusted Provider of Digital ID Services
Mastercard
March 15, 2023
On the web
Checkout.com to Power Instant Money Transfers in Australia, Hong Kong SAR and Singapore via Mastercard Send™
Mastercard
Dynamic Yield Launches Element, Bringing the Power of Mastercard to Personalization
Mastercard
March 9, 2023
On the web
Amex, Mastercard, Visa Pause Work on New Firearms Merchant Code
Reuters
Top payment networks including American Express Co , Mastercard Inc and Visa Inc said on Thursday they have paused work on implementing a new sales code for gun merchants, citing Republican pushback in various U.S. states on concerns about improper tracking of consumer behavior. The Geneva-based International Organization for Standardization (ISO) approved the new merchant category code (MCC) in September to help detect suspicious firearms and ammunition sales to combat gun violence. Bills in several Republican-led states would bar or limit the use of the voluntary code.
DTB and Mastercard Sign Agreement to Boost Payment Solutions for Fintechs in Kenya
Middle East/Africa Hub
March 7, 2023
On the web
Optus, Mastercard Extend Strategic Partnership with Digital Identity Tool
Biometric Update
January 30, 2023
On the web
Mastercard and Cash Plus Reinforce Strategic Partnership by Launching a New Innovative Digital Offer
Middle East/Africa Hub
On the wires
Mastercard, Binance Launching Prepaid Card in Brazil
Reuters
Mastercard Inc and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America's largest economy, as part of the crypto giant's efforts to "broaden the connection between traditional finance and crypto". According to a statement, the so-called Binance Card is currently in beta testing and should be widely available in the next few weeks, making Brazil the second country in Latin America to receive it after Argentina.
January 27, 2023
On the wires
Visa, Mastercard Pin Hopes on China Reopening as Travel Boom Fades
Reuters
Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth in other parts of the world eases from a post-pandemic boom. Executives at the payments companies on Thursday pointed to further room for travel recovery in China, which earlier this month reopened its borders after dropping its stringent COVID-19 control measures.
January 26, 2023
On the wires
Ubirider and Mastercard Partner to Provide Mobility-as-a-Service Solutions for Transit Operators Globally
PR Newswire
January 25, 2023
On the web
Mastercard and ZoodPay Join Forces to Launch the First Virtual Installment Card Across EEMEA
ZoodPay
January 19, 2023
On the web
India May Give Visa and Mastercard Access to Its Payments Market
CTM File
January 17, 2023
On the wires
upSWOT and Mastercard are Partnering on Open Banking Data Analytics to Deliver Embedded Finance and Underwriting Tools
AP NEWS
January 6, 2023
On the web
Mastercard Launches Web3-Focused Artist Incubator With Polygon
TechCrunch
January 5, 2023
On the web
Why the FTC Isolated Mastercard With Its Pre-Christmas Consent Order
Digital Transactions
December 28, 2022
On the web
The Mastercard Economics Institute’s Economic Outlook for 2023: What the ‘Multi-Speed’ Global Economy Means
Middle East/Africa Hub
“The Mastercard Economics Institute released their annual forecast for the coming year which shows how a new multi-speed global economy will impact growth and consumer spending behavior. A multi-speed global economy means some markets will feel the impact of inflation and rising interest rates more keenly. ‘Economic Outlook 2023’ draws on a multitude of public and proprietary data sets, as well as models that are intended to estimate economic activity across the Eastern Europe, Middle East and Africa (EEMEA) region.”
December 26, 2022
On the wires
Mastercard SpendingPulse: U.S. Retail Sales Grew 7.6%* This Holiday Season
Businesswire
“According to Mastercard SpendingPulseTM, U.S. retail sales excluding automotive increased 7.6% year-over-year this holiday season, running from November 1 through December 24. Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment and is not adjusted for inflation. Key trends this holiday season, included…”
December 23, 2022
On the web
FTC Orders Mastercard to Open Tokens to Rival Debit Networks
American Banker
“Mastercard must provide competing debit networks with the keys needed to convert tokenized card account information — which has been encoded for security purposes — back to the original account number for online transactions, the Federal Trade Commission announced on Friday. The FTC voted 4-0 to issue an administrative complaint and approve a proposed consent order alleging that Mastercard’s practices for e-commerce transactions violate provisions of the 2010 Dodd-Frank Act known as the Durbin amendment, the agency said in a press release. (Subscription required)”
December 21, 2022
On the web
Polygon Partners with Hi and Mastercard for the First Personalized NFT Debit Card
The Cryptonomist
“Polygon is partnering with neo-banking app Hi and Mastercard to launch the first personalized NFT debit card. Holders of the new card will be able to spend their crypto and accumulate Spend Rewards of up to 10%. Basically, Polygon wallet holders will be able to personalize their new Mastercard debit card with a favorite image, in the NFT format. Not only that, the card will be able to be used to spend cryptocurrency and fiat at more than 90 million Mastercard merchants scattered around the world.”
December 19, 2022
On the web
Bon Voyage to Foreign Exchange Fees?
Mastercard
“Whenever James Lynn returned home to London from a beach holiday in the Mediterranean, his post-vacation calm would shatter the moment he saw the charges on his bank statement for using his debit card abroad…Travelers have long chafed at these fees, which help cover the costs of processing international payments, and a new wave of challenger banks and startups are finding ways to harness technology to tackle the challenge. That’s how Currensea was born.”
December 15, 2022
On the wires
Rakuten France Launches New Integrated Payment and Cashback Solution, Club R Pay
Businesswire
“Rakuten France has announced the launch of a brand-new integrated payment solution, Club R Pay, becoming the first e-commerce player to offer such a system in marketplaces. A universal integrated payment solution, Club R Pay facilitates purchases for the 12 million members of the Club R loyalty program on over 2,000 sites while they enjoy their Rakuten rewards. This new initiative allows Rakuten to streamline the purchasing process and support its partners in their digitalisation and development…Thanks to strategic partnerships with Mastercard, the global payments network operating across 210 countries and territories, and Marqeta, the global modern card issuing platform who will power single-use virtual cards, Club R Pay provides an additional security guarantee and reduces payment risks.”
December 7, 2022
On the wires
Marqeta Announces Integration with Mastercard Track Instant Pay Virtual Card Solution
Businesswire
“Marqeta, the global modern card issuing platform, today announced that it has integrated Mastercard Track™ Instant Pay, a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices. With Track Instant Pay, Marqeta customers in the U.S. will be able to immediately authorize a payment to suppliers after invoices are received instead of waiting for invoices to be approved manually, freeing up time to focus on growing their businesses instead of administrative tasks. This payment process empowers Marqeta customers to pay invoices more efficiently and access cost savings by avoiding costly check processing fees.”
December 6, 2022
On the web
Why MIT’s Crypto Expert Loves Bear Markets in Tech
Mastercard
“Today, she is one of the world’s foremost experts on digital currencies. But as a PhD candidate in computer science at MIT in the mid-2010s, Neha Narula had little interest in cryptocurrency. Then in late 2015, a friend mentioned how bitcoin was struggling to scale its infrastructure to handle an increasing volume of transactions. Fresh from completing her doctorate and hungry to improve people’s lives, she spotted a golden opportunity. By applying her expertise in distributed systems and databases, Narula could play an important role in improving blockchain technology, ushering in a new phase of money exchange that was faster, easier and, most importantly, more democratic. Within a few months she was back at MIT, immersing herself in researching crypto at the university’s Media Lab. Now she runs the lab’s Digital Currency Initiative, where she and her team tackle the technology’s thorniest challenges, including scalability, security and privacy. The Mastercard Newsroom recently sat down with Narula to learn more about the challenge the crypto ecosystem faces, the potential of central bank-issued digital currencies, and the benefits of bear markets.”
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