"Dynamic Yield by Mastercard today announced Shopping Muse, an advanced generative AI tool that revolutionizes how consumers search for and discover products in a retailer’s digital catalog."
"Presented at the LAC Innovation Forum 2023, Mastercard's new research shows that trust in cards remains despite new digital payment methods."
"Taulia, a leading provider of working capital management solutions, has partnered with Mastercard to launch Taulia Virtual Cards. The new solution provides businesses with additional working capital management advantages, including the ability to maximize cash flow and minimize payment uncertainty."
"Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China and the National Administration of Financial Regulation to commence domestic bankcard clearing activity in China."
"Mastercard believes central bank digital currencies face adoption difficulties currently, citing consumers' familiarity with existing money and the challenges in implementing infrastructure."
"The partnership will bring the Biometric Checkout Program to the Asia Pacific region, expanding reach across the globe."
Global Finance Magazine
"In August and September, the Indian payments ecosystem, Unified Payments Interface (UPI), exceeded 10 billion monthly transactions, with predictions it could soon reach 100 billion per month. To put this in perspective, according to Statista, roughly 242 billion purchase transactions worldwide involved Visa payment cards in 2022, while MasterCard processed 113 billion transactions in 2020."
"Mastercard has announced its First-Party Trust program, with AI-powered insights, to combat the surging trend in first-party or 'friendly' fraud, where genuine transactions are mistakenly or intentionally challenged by cardholders."
"Africa’s mobile money market is booming, with over 560 million registered accounts and $495.3 billion in transactions in 2020, according to the GSMA. The continent is home to some of the most innovative and successful mobile money services in the world, such as M-Pesa, MTN Mobile Money, Orange Money and Airtel Money."
"Remitly Integrates Mastercard’s Send and Cross-Border Services to Provide Customers More Choice in How they Send and Receive Money Abroad"
Shares in Visa and Mastercard slid on Wednesday on news the U.S. Federal Reserve is expected to propose lowering the fees banks can charge retailers for processing debit-card transactions.
"Mastercard is partnering with Worldpay from FIS, the merchant solutions business of global financial services technology provider FIS, and Zip, a BNPL firm, to scale new open banking-powered solutions that enable more payment choice, empower consumer lending, and modernize account-based payments."
NatWest Group is the first UK bank to enable Click to Pay for all its customers with a Mastercard debit card. Click to Pay is a digital wallet that works on any device and allows users to create a single, secure profile where they can store multiple payment cards.
Electronic Payments International
"Mastercard participates in the Reserve Bank of Australia and the Digital Finance Cooperative Research Centre’s central bank digital currency pilot project exploring potential use cases for a CBDC in Australia"
"Visa has partnered up with Solana to to introduce USDC settlements over the blockchain network. This announcement comes after Mastercard and PayPal have launched their own stablecoin initiatives, signaling interest in the digital currency by payments players."
"Xbox, Barclays and Mastercard announced the Xbox Mastercard, Xbox’s first-ever co-branded credit card in the United States. The no annual fee card provides players points to redeem on Xbox games and add-ons, select streaming and dining delivery services, and more."
"Mercedes-Benz is joining forces with Mastercard to introduce embedded in-car payments at the point of sale. Customers will be able to use a fingerprint sensor in their car to make convenient and secure digital payments at more than 3,600 service stations in Germany. Mercedes-Benz is the world's first automaker to integrate Mastercard Secure Card on File for Commerce Platforms technology for online payments into its vehicles."
"This holiday season, running November 1 through December 24, U.S. retail sales excluding automotive are expected to increase 3.7% year-over-year (YOY), according to Mastercard SpendingPulse™."
"Oracle and Mastercard today announced a new partnership to help enterprise customers automate end-to-end business-to-business (B2B) payment transactions...As a result, mutual Oracle Cloud ERP and Mastercard customers will be able to benefit from: Virtual Cards for Supplier Invoice Payments and Virtual Cards for Corporate Purchases."
"Mastercard and Paysend, a UK-based fintech, have today expanded their partnership to enhance cross-border payments for small and medium enterprises (SMEs), which are increasingly looking for ways to send money or pay vendors across the globe quickly and securely."
"Last Wednesday, several media outlets covered a story from the Wall Street Journal about “credit card fees.” Unfortunately, the story is wrong. The reporting relies upon a report produced by an advisory firm advocating for legislation currently under consideration in Congress. We want to ensure the correct facts are associated with Mastercard and are understood. They are simple and clear..."
"Mastercard introduces its ALT ID solution, a distinctive identifier for guest checkout transactions, enhancing online payment security, cardholder safety, and data breach prevention while simplifying transactions for merchants and customers."
"Senators are urging credit card giants Visa Inc. and Mastercard Inc. to cancel plans to raise their swipe fees charged to retailers and used reports on the plans to champion their bill to force competition in the industry."
"Visa and Mastercard are planning to increase fees that many merchants pay when they accept customers’ credit cards. The fee increases are scheduled to start in October and April, according to people familiar with the matter and documents viewed by The Wall Street Journal. Many of the increases are for online purchases." [Subscription Required]
"IDEX Biometrics has successfully completed the full Mastercard certification and received Conformity Compliance Statement (CCS) for its IDEX Biometrics Payment Card solution1...More than 15 global and regional card manufacturers and resellers have already selected the IDEX Biometrics certified payment card solution, as they respond to the increasing demand from banks and fintechs for biometric payment cards."
"Mastercard will no longer offer Binance-branded cards in Latin America and the Middle East, which let customers user their crypto to purchase goods, Binance said Thursday."
"Riskified, a leader in ecommerce fraud and risk intelligence, today announced an enhanced partnership with global payments leader Mastercard, that will improve the ability of businesses across the globe to grow online revenues and profit while mitigating the risk of fraud and chargebacks."
"Central banks around the world are experimenting with issuing these digital currencies to complement traditional payments, both the physical version in your wallet and the online version in your banking app. In fact, 93% of central banks are engaged in some form of work on CBDCs, and four retail CBDCs are already in full live circulation, according to the Bank for International Settlements."
"Mastercard today announced the launch of Mastercard Strive India, which will bring together an existing body of philanthropic work and take it forward, aiming to enable 5,00,000 small businesses to succeed in the digital economy by 2025."
"Mastercard has agreed to purchase a minority stake in the fintech division of MTN Group, Africa’s largest cellphone provider, which it values at $5.2 billion."