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.
Search Payments News
November 20, 2024
On the web
Unwrapping 2024 Canadian Holiday Shopping Trends
Mastercard
"This holiday season, from November 1 to December 24, Canadian total retail sales are expected to increase 2.2% year-over-year (YoY), according to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment. In-store shopping is expected to continue to outperform online sales this year, as consumers look to maximize budgets browsing through brick-and-mortar storefronts for sales."
November 15, 2024
On the web
Mastercard Extends Live Music Footprint With New U.S. Benefits for Cardholders
Mastercard
"Beginning early 2025, Mastercard cardholders will gain exciting access to tickets and Priceless Experiences at major music venues and festivals in the U.S."
November 14, 2024
On the web
Mastercard Reinvents Checkout With Password and Number Free Payments
Mastercard
"By 2030, Mastercard aims to eliminate the need for manual card entry and one-time or static passwords by combining tokenization, introduced ten years ago to protect sensitive personal and payment data, with biometric authentication for secure, seamless checkout."
November 13, 2024
On the web
Mastercard Launches ‘Pay Local,’ Linking Its Cards to 4 Major Asian e-Wallets
Fintech Singapore
"Mastercard has unveiled “Pay Local,” a new service that allows travelers to use their existing credit or debit cards within popular Asian digital wallets. The service will be integrated by prominent digital wallets in the region, including DANA in Indonesia, Touch ‘n Go in Malaysia, Bakong in Cambodia, and LankaPay in Sri Lanka."
November 12, 2024
On the web
Mastercard Collaborates With Tap Payments on First Global Launch of ‘Click to Pay’ With Payment Passkey Service for Ecommerce
Mastercard
"Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions."
November 6, 2024
Top Post
Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions
PR Newswire
"As payments become more intricate, Mastercard announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day."
On the web
TheFork and Mastercard Join Forces to Enhance Culinary Experiences for Cardholders
Mastercard
"TheFork and Mastercard have forged a multi-year partnership to elevate the dining experience for Mastercard cardholders. Cardholders in Europe and those traveling to the region will have always-on access to reservations and a selection of exclusive, culinary-centered Priceless Experiences through priceless.com and TheFork platform."
Mastercard, Kenya’s DTB Ink 10 Year Digital Payments Deal
ITWeb Africa
"MasterCard and Diamond Trust Bank (DTB) have reached a 10-year agreement to provide tailored digital payment solutions in Kenya, Uganda, and Tanzania. The partnership will focus on providing innovative, secure, and convenient payment solutions, such as customized card products and advanced transfer services for peer-to-peer, business-to-business, and person-to-business transactions."
November 5, 2024
Top Post
Mastercard Launches Pay Local to Empower Digital Wallet Providers With New Ways to Pay
Mastercard
"Mastercard launched Mastercard Pay Local, a global service that seamlessly connects consumers and merchants by allowing consumers to make card-based payments using local digital wallets."
October 30, 2024
Top Post
Mastercard Launches New Gen AI Digital Assistant Capabilities to Enhance Customer Value
Mastercard
As the rate of technology innovation accelerates, automating business processes using AI is a critical requirement. To meet the expectations of both customers and employees, Mastercard today expanded a suite of AI solutions with a new program to build and deploy knowledge agent tools.
October 28, 2024
On the web
Mastercard: Joins Buna, the Arab Regional Payment System
MarketScreener
"Businesses and consumers paying into and out of the Middle East and North Africa (MENA) region will benefit from faster, cheaper and more transparent cross-border payments through a first-of-its-kind public-private collaboration between Mastercard and the Arab Regional Payment System, Buna."
October 25, 2024
On the web
Mastercard Is Expanding Its US Installments Program to Provide More Payment Flexibility at Checkout
Mastercard
"Mastercard is expanding its US Installments experience at checkout to provide consumers with more choice in how they pay through Mastercard Installment Payment Services. Through a single and streamlined platform, players across the ecosystem – merchants, financial service providers, payments processors, digital wallets – will be able to present installment offers for consumers to any eligible credit card from participating issuers."
October 24, 2024
On the web
Mastercard Expands Product Express Platform to Help Fintechs Accelerate the Launch of New Card Programs and Other Payment Solutions
Mastercard
"Mastercard announced the expansion of its Product Express platform in Africa and Middle East, Europe, North America, and more markets in Latin America to help fintechs launch card programs quickly and through a process that’s simple and transparent."
October 23, 2024
On the web
Mastercard Pilots New Open Banking ‘Data Command Centre’
Open Banking Expo
"Mastercard has introduced a new data command centre, ‘Mastercard Connect Plus’, that will give consumers control of where, how and with whom their financial data is shared. The new tool will enable individuals to search for and link their bank accounts, view which third-parties have consent to access that account’s data, and grant and revoke consent in real time, within one digital web application."
October 21, 2024
Top Post
Mastercard Transforms Cross-Border Payments for Banks With Industry-First Innovation
Mastercard
"Mastercard announces Mastercard Move Commercial Payments, that will enable banks to facilitate near real-time, predictable and transparent commercial cross-border payments. The new solution aims to simplify operations, optimize liquidity, reduce counterparty risk and provide end-to-end visibility for banks and their customers."
October 18, 2024
On the web
Mastercard Highlights the Growing Case for Biometric Authentication and Payment Passkeys
Biometric Update
"At the Authenticate conference, Mastercard executives Jonathan Grossar, VP, product management, and Fred Tyler, VP, emerging digital products for North America, delivered a presentation on the future of digital payments, emphasizing the case against passwords and the rise of biometric authentication."
October 17, 2024
On the web
Mastercard, Visa Warning Over RBA Push to Change Card Fees: ‘No Such Thing as a Free Lunch'
Yahoo Finance
"Mastercard and Visa have warned of the "unintended consequences" if the Reserve Bank of Australia (RBA) makes changes to card fees. The RBA is conducting a large-scale investigation into the card system, how they affect people across the country, and whether they're still fit for purpose more than 20 years after they were introduced."
October 14, 2024
On the web
Mastercard: A Digital Way to Answer the Age-Old Question ‘Can I See Some ID?’
Mastercard
"As we interact across the digital world, we’re asked to verify our identity, whether we’re opening a new account or making a purchase....Now, thanks to new EMVCo industry specifications and Mastercard’s Identity Attribute Verification service, issuers will soon be able to confirm cardholders’ additional attributes, such as their age, date of birth or address...Initially, the focus wil be on a few countries across Europe, with plans to expand into additional markets in 2025."
October 10, 2024
On the web
Vodafone, Sumitomo Corporation, and Mastercard Team up to Advance the Economy of Things
Mastercard
"Pairpoint – Vodafone and Sumitomo Corporation’s Economy of Things business – and Mastercard announced a new collaboration and payments service that will allow fleet, freight, shipping, and logistics operators to authorise machines to trade with other machines on their behalf."
On the wires
Citi and Mastercard Join Forces to Transform Global Cross-Border Payments
Business Wire
"Citi and Mastercard announced a collaboration to offer cross-border payments to Mastercard debit cards in 14 receiving markets worldwide, with plans for further expansion. Citi is the first global bank to enable cross-border payments to Mastercard debit cards using Mastercard Move, tapping into the speed, security and transparency of the Mastercard network."
October 8, 2024
Top Post
Mastercard Accelerates the Path Toward Real-Time Card Payments
Business Wire
"Instant and secure payments can act as a multiplier to help businesses and economies thrive and grow. To further Mastercard’s vision of bringing immediacy to card payments, the company announced that South Africa will be the first market in the world to benefit from the security and speed of immediate Mastercard card payments."
On the web
Mastercard Launches New Benefits in Support of Canadian Small Businesses
Mastercard
"Mastercard announced new cardholder offerings to benefit Canadian small businesses, growing its suite of existing tools and solutions. Through strategic partnerships with Slack, Asana, FlexiRoam, H&R Block and others, Mastercard is reinforcing its commitment to helping every small business thrive."
September 24, 2024
On the web
Mastercard Expands First-Of-Its-Kind AI Technology to Help Banks Protect More Consumers From Scams in Real Time
Mastercard
"Mastercard updated its Consumer Fraud Risk (CFR) solution to increase the ways it helps protect consumers from Real Time Payment scams. The AI-powered insights give more UK banks greater visibility into potentially fraudulent transactions so they can stop scams before they take place."
September 20, 2024
Top Post
US Holiday Spending Outlook 2024: Meet This Year’s Holiday Shopper
Mastercard Data & Services
"Based on our SpendingPulse insights, which measure in-store and online retail sales across all forms of payment, spending during the holiday season is expected to be up 3.2% year over year (yoy), excluding automotive sales, from November 1 – December 24, 2024."
On the web
How Mastercard Benefits From the $2.65B Recorded Future Deal
BankIinfoSecurity
"Mastercard last week announced the purchase of threat intelligence powerhouse Recorded Future for $2.65 billion. Mastercard Executive Vice President Johan Gerber shared how the acquisition will help Mastercard secure digital transactions from account openings to transaction verification."
September 12, 2024
Top Post
Mastercard Invests in Continued Defense of Global Digital Economy With Acquisition of Recorded Future
Mastercard
"Mastercard expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion."
September 6, 2024
On the web
Mastercard Enables Non-Custodial Crypto Spending in New Partnership
Cointelegraph
"Mastercard partners with Mercuryo to launch a euro-denominated crypto debit card, enabling users to spend crypto from self-custodial wallets at over 100 million merchants."
August 29, 2024
On the wires
Mastercard Selects India for the Global Launch of Its Payment Passkey Service, Accelerating Secure Online Checkout for Millions of Shoppers
Mastercard
"During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure. Debuting first in India as a pilot with some of the nation’s largest payments players, including payment aggregators such as Juspay, Razorpay and PayU, online merchants such as bigbasket and leading banks such as Axis Bank, the service will give millions of consumers more control and peace of mind when checking out online."
August 20, 2024
Top Post
What Mastercard’s Layoffs Reveal About the Fate of Payment Revenue
American Banker
Mastercard, which just posted earnings that beat analysts' projections and included upbeat commentary about consumer spending, plans to lay off about 3% of its employees by the end of September. (Subscription Required)
August 14, 2024
On the web
Helping More Individuals and Small Businesses Benefit From the Digital Economy Through Mastercard Open Banking
Mastercard
"Mastercard is enhancing its Open Banking for Lending program, delivered with Argyle, to streamline the lending process. With new features, Mastercard has the ability to provide income and employment coverage to the estimated 95 percent of the U.S. workforce who receive payments via direct deposit, helping bring more people into the digital economy."
Payments News
Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.
Top Stories from Payments News
Glenbrook Payments Boot camp®
Register for the next Glenbrook Payments Boot Camp®
An intensive and comprehensive overview of the payments industry.
Train your Team
Customized, private Payments Boot Camps tailored to meet your team’s unique needs.
OnDemand Modules
Recorded, one-hour videos covering a broad array of payments concepts.
Glenbrook Press
Comprehensive books that detail the systems and innovations shaping the payments industry.