Companies

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."

Tags: Mastercard

Companies

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."

Tags: Mastercard

Companies

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)

Tags: Mastercard

Companies

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."

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Companies

Mastercard Chooses Nine Fintechs for ‘Start Path’ Program

Open Banking Expo

"Mastercard has selected nine fintechs to join its four-month ‘Start Path Open Banking and Embedded Finance’ program."

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Companies

Ecommpay Has Partnered With Mastercard to Deliver Click to Pay for Merchants Across the UK and Europe

Retail Times

"End-to-end payments platform, Ecommpay, has fully integrated the Click to Pay flow within its online payment interface. Click to Pay leverages user recognition, network tokenization and global interoperable standards to provide consumers with a seamless, more secure checkout."

Tags: Ecommpay Mastercard

Companies

Expedia Group, Wells Fargo, and Mastercard Announce New Suite of One Key Credit Cards

Mastercard

"Expedia Group, Inc., has finalized a multiyear agreement with Wells Fargo and Mastercard to launch two new co-branded credit cards. Designed to complement One Key™, Expedia Group’s groundbreaking loyalty program, the One Key™ Card and One Key+™ Card will offer more flexibility, savings and perks for U.S. travelers."

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Companies

Mastercard and the Medical Tourism Association Join Forces to Revolutionize Cross-Border Health Care Payments

Mastercard

"The Medical Tourism Association will launch a one-stop platform with Mastercard payment capabilities to bring more convenience, flexibility, and trust to the medical tourism industry"

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Companies

Mastercard’s Adoption of Palm Payments Shows Biometrics Are Going Mainstream

Yahoo Finance

"Mastercard’s pilot of a pay-by-palm biometrics payment scheme in Uruguay could prove successful if it can further streamline the checkout process."

Tags: Mastercard

Companies

Visa, Mastercard to Extend Non-EU Card Fee Caps to 2029, EU Says

Reuters

"Visa and Mastercard will extend caps on tourist card fees agreed five years ago with EU antitrust regulators by another five years to 2029, the European Commission said on Friday." [Register for access]

Tags: Mastercard Visa

Companies Industry

Federal Judge Rejects $30 Billion Settlement Between Visa, Mastercard and Retailers

CNN

"A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. The ruling likely means the credit card processors will have to make more concessions to resolve their long-standing dispute with merchants."

Tags: Mastercard Visa

Companies Global

China Asks Visa, Mastercard to Cut Card Fees

"China is pushing for Visa and Mastercard to lower their bank card transaction fees in the country to encourage spending by foreign visitors, Bloomberg News reported, on Friday, citing a person familiar with the matter. The Payment & Clearing Association of China is proposing lowering the fees charged on foreign card transactions to 1.5% from between 2% and 3%, the report said."

Tags: China Mastercard Visa

Companies

Mastercard and Thought Machine Accelerate Core Banking Capabilities, Providing Seamless Payment Experiences

Thought Machine

"Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack."

Tags: Mastercard Thought Machine

Companies

Judge Likely to Reject $30 Billion Visa, Mastercard Fee Deal

Bloomberg Law

"A $30 billion settlement between Visa Inc., Mastercard Inc. and retailers to cap credit-card swipe fees is likely to be rejected by a federal judge in Brooklyn, a setback in the two decade-long litigation."

Tags: Mastercard Visa

Companies

Mastercard Reimagines Online Checkout; Commits to Reaching 100% E-Commerce Tokenization by 2030 in Europe

Mastercard

"Mastercard announced its vision for 100% e-commerce tokenization in Europe by the end of the decade. This supports a global commitment to phase out manual card entry and make e-commerce safer and more accessible for everyone."

Tags: Mastercard

Companies

Michael Kors Is First to Deploy Mastercard’s AI-Powered Shopping Assistant

Chain Store Age

"Michael Kors is the first retailer to utilize a next-generation customer assistant from Dynamic Yield, a Mastercard company. The luxury brand is making the Shopping Muse solution available to consumers through a global integration on its website."

Tags: Mastercard

Companies

Trulioo and Mastercard Partner to Streamline Onboarding for Consumers and Merchants

Trulioo

"Trulioo announced a partnership with Mastercard, a global technology company to deliver innovative identity verification solutions to streamline digital onboarding for both merchants and consumers, while fighting fraud."

Tags: Mastercard Trulioo

Companies

Mastercard (MA) Expands Payment Options With Ant Group in China

Yahoo Finance

"Mastercard Incorporated announced its partnership with Ant Group and a host of other international partners to launch the International Consumer Friendly Zones program in Shanghai."

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Companies

Mastercard Opens European Cyber Resilience Centre in Belgium

Mastercard

"Mastercard announced the opening of its European Cyber Resilience Centre (ECRC) at its European Headquarters reaffirming the company’s commitment to combatting cyber threats and enhancing resilience in the region."

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Companies

Mastercard Crypto Credential Goes Live with First Peer-To-Peer Pilot Transactions, Adds New Partners to the Ecosystem

Mastercard

"For the first time, crypto exchange users will be able to send and receive crypto using their Mastercard Crypto Credential aliases, instead of the typically long and complex blockchain addresses."

Tags: Mastercard

Companies

Visa, Mastercard to Pay $197 Million to Settle Consumer ATM Fee Lawsuit

Reuters

"Visa and Mastercard have agreed to pay $197 million to resolve a class action by millions of consumers accusing the financial payment companies of keeping cash access fees artificially high."

Tags: Mastercard Visa

Companies

Mastercard Accelerates Card Fraud Detection With Generative AI Technology

Mastercard

"As fraudsters seek new ways to exploit technology, Mastercard is using generative AI to double the speed at which it can detect potentially compromised cards, further protecting cardholders and securing the ecosystem."

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Companies

With JPMorgan, Mastercard on Board in Biometric ‘Breakthrough’ Year, You May Soon Start Paying With Your Face

CNBC

"Biometric payment options are becoming more common in the U.S., such as Apple Face ID enabling app purchases, and Amazon’s introduction of pay-by-palm technology in stores, and financial firms from JPMorgan to Mastercard embracing the technology."

Tags: JPMorgan Chase Mastercard

Companies

Mastercard and Salesforce Announce New Integration to Transform Transaction Disputes

Mastercard

Mastercard and Salesforce announced a new integration to enhance trust across the ecosystem, helping customers speed up the resolution of transaction disputes, and reduce costs associated with resolving them.

Tags: Mastercard Salesforce

Companies

Mastercard, Standard Chartered, Mox and Libeara Successfully Complete a Proof-Of-Concept Pilot on Tokenized Deposits and Tokenized Carbon Credits Through Regulatory Sandbox

Mastercard

"Standard Chartered Bank (Hong Kong) Limited has partnered with Mox Bank Limited , Mastercard and Libeara on a proof-of-concept pilot exploring the operational and risk management benefits of tokenized deposits to support the settlement of tokenized assets."

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Companies

The Next Generation of Blockchain – And Banking: Fusing the Flexibility of Crypto With the Convenience of Fiat

Mastercard

"To be safe and effective at scale, a network of any kind needs rules, standards and safeguards. It was true 50 years ago when we built a payments ecosystem where all participants benefit."

Tags: Mastercard

Companies

Generative AI: Preparing Your Fraud Organization

Mastercard | Glenbrook

"In 2023, there were over three thousand publicly reported data compromises that impacted over 350 million individuals in the U.S. Fraud fighters must continually adapt to evolving technology. The rise of generative AI is one of the most important technological advancements with implications for both fraudsters and fraud fighters."

Tags: Glenbrook Partners Mastercard

Companies

Mastercard JV Switches First Domestic Transaction in China

Mastercard

"Mastercard NetsUnion Information Technology (Beijing) Co., Ltd. (Mastercard NetsUnion) began processing payments made in China with Mastercard cards issued by the country’s banks."

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Companies

Mastercard Joins Forces With US Banking Titans for Tokenized Settlement Trials

Cointelegraph

"Payment processing and settlement firm Mastercard has joined hands with major banking institutions in the United States, such as Citigroup, Visa and JPMorgan, to test the use of distributed ledger technology for banking settlements using tokenization."

Tags: Mastercard

Companies

Mastercard Transforms the Fight Against Scams With Latest AI Tech

Mastercard

"To combat the growing threat of scams, Mastercard announced Scam Protect, a suite of specialized solutions powered by cutting-edge AI technologies, which help identify and prevent scams."

Tags: Mastercard