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."

Tags: Mastercard

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

Companies

Nubank and Mastercard Exclusive Study Reveals Path to Advancing Beyond Access Toward Financial Health

Mastercard

"Today, Nubank and Mastercard released findings from a study measuring the financial inclusion impact on individuals, including some who have historically been on the margins of the traditional banking system in Brazil."

Tags: Mastercard Nubank

Companies

Indosat Ooredoo Hutchison and Mastercard Announce Partnership for Cybersecurity Center of Excellence

Mastercard

"Indosat Ooredoo Hutchison and Mastercard signed a Memorandum of Understanding to collaborate towards safeguarding Indonesia's digital economy through the launch of the Indosat-Mastercard Cybersecurity Center of Excellence."

Tags: Mastercard

Companies Global

Mastercard and Onafriq Partner to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem

Onafriq

"Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have partnered to bring secure, cost-effective, and innovative payment options to consumers as well as small and medium enterprises (SME) across the continent."

Tags: Africa Mastercard

Companies

Verituity Joins Forces With Mastercard to Accelerate Secure Domestic and Cross-Border Payouts

Verituity

"Verituity announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers."

Tags: Mastercard Verituity

Companies Global

Mastercard, Bank Team up to Ease Cross-Border Money Transfer [Kenya]

IPP Media

"Mastercard and Equity Bank have announced a strategic collaboration that will enable the bank’s customers to send money safely and securely to 30 countries marking a significant milestone for cross-border financial transactions in Kenya."

Tags: Kenya Mastercard

Companies

MAS and Mastercard Sign MoU to Enhance Cooperation in Cybersecurity

Mastercard

"The Monetary Authority of Singapore and Mastercard signed a Memorandum of Understanding to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore."

Tags: Mastercard Monetary Authority of Singapore

Companies

Mastercard Announces New Cardholder Benefits to Enhance Health & Wellness, Travel and Lifestyle Rewards for Consumers, Small Businesses

Mastercard

"Mastercard announced new credit card benefits, working with leading health & wellness, travel, and lifestyle brands to help bridge the gap between everyday essentials and enriching experiences."

Tags: Mastercard

Companies

Mastercard Plans a Network Fee Hike for Later This Month. Merchants Aren’t Happy

Digital Transactions

"Mastercard merchants will see a network fee increase later this month when Mastercard increases its Acquirer Brand Volume Fee from 0.13% to 0.14%, effective April 15."

Tags: Mastercard

Companies

US Banks to See Modest Hit From Deal to Lower Swipe Fee by Visa, Mastercard

Reuters

"U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and Mastercard Wall Street analysts said."

Tags: Mastercard Visa

Companies Global

Mastercard Introduces Fraud-Fighting Checkout Upgrade [Australia]

IT Brief Australia

"Mastercard has chosen Australia as the next market for upgrading its tokenised online checkout experience, aiming to combat up to 90% of the country's payment card fraud.   The move is in response to the growing threat of card-not-present fraud, which cost Australians AU$608.1 million in 2023, according to data from AusPayNet."

Tags: Mastercard

Companies

Visa, Mastercard Agree to Lower Swipe Fees, Settling Long-Running Lawsuit

Wall Street Journal

"Visa and Mastercard and the largest U.S. credit-card issuing banks have agreed to a settlement with merchants that have been suing them for nearly two decades over the fees they charge for swiping credit cards. [Subscription Required]"

Tags: Mastercard Visa

Companies

Mastercard Commits to Lowering U.S. Interchange for Small Businesses and Broader Merchant Community

Mastercard

"Mastercard has reached an agreement to reduce its U.S. credit card interchange rates for at least a five-year period as part of a legal settlement with merchants."

Tags: Mastercard

Companies

New Mastercard Report Reveals Key Trends & Opportunities to Digitize Remittances in Latin America and the Caribbean

Mastercard

"Mastercard released a whitepaper on the state of remittances, also known as cross-border payments, in Latin America."

Tags: Mastercard

Companies

Network International Taps Mastercard’s AI-Led Solution to Combat Fraud [Middle East & Africa]

IBS Intelligence

"Network International has partnered with Mastercard to use its AI-powered Brighterion solution to protect merchants in the Middle East and Africa from fraud."

Tags: Mastercard Network International

Companies

Tokenization Explained: Protecting Sensitive Data and Strengthening Every Transaction

Mastercard

"Tokenization turns your 16-digit card number into a different number stored on your device, so your actual card information is never shared when you tap your contactless card or your phone in store, or make payments in-app or online."

Tags: Mastercard

Companies

Mastercard Expands HealthLock Benefit to Millions of U.S. Cardholders, Enabling Automated Detection of Potential Medical Claims Errors, Overbilling and Fraud

Business Wire

"HealthLock, a leading medical fraud and overbilling protection solution, announced its platform will be available to commercial, small business and consumer Mastercard cardholders in the United States."

Tags: HealthLock Mastercard

Companies

Mastercard Enables Convenient and Secure International Remittances to Alipay Wallet

Mastercard

"New connection to Alipay accelerates Mastercard’s fast-growing cross-border payment offering, addressing the demand for transparent, secure and efficient money movement"

Tags: Ant Group Mastercard

Companies

Visa and Mastercard Are Pouring Money Into Africa

Rest of World

"From a startup accelerator to funding startups and even investing in telecom companies, the two U.S. giants are steadily increasing their presence on the continent."

Tags: Mastercard Visa

Companies

Mastercard Simplifies Subscription Management With Smart Subscriptions

Mastercard

"Mastercard unveils Smart Subscriptions, an open-banking powered subscriptions management solution that financial institutions can easily plug into their consumer banking applications."

Tags: Mastercard

Companies

Mastercard and Nexi Team up to Advance Open Banking Payments Across Europe

Mastercard

"Nexi has chosen Mastercard as its strategic partner across Europe to support open banking account-based payments. Through this partnership, Mastercard Open Banking will facilitate e-commerce payments across Nexi’s gateways serving merchants across Europe."

Tags: Mastercard

Companies

Uber Partners With Mastercard and Payfare to Launch the New Uber Pro Card in Canada

Mastercard

"Uber today announced a new partnership with Mastercard and Payfare to launch the Uber Pro Card, providing free instant payouts after every trip or delivery1 and enhanced loyalty features for drivers and delivery people on the Uber platform in Canada, powered by Payfare’s leading digital banking app and platform."

Tags: Mastercard Uber

Companies

Mastercard Open Banking Enhances the Debit and Prepaid Digital Account Opening Experience

Mastercard

"Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S."

Tags: Mastercard

Companies Industry

Mastercard’s Latest Crypto Loyalty Scheme Aims to Plug Google Pay Gaps

Coindesk

"Payments giant Mastercard is working with Swoo Pay, an emerging markets-focused mobile payments app, to offer loyalty rewards in cryptocurrency and plug the gaps left by the likes of Google in the global payments landscape."

Tags: Mastercard

Companies Global

Mastercard & Bank of Punjab to Boost Commercial Digital Payments in Pakistan

IBS Intelligence

"Mastercard and the Bank of Punjab have expanded their partnership to cover the commercial segment, ranging from large corporate entities and small and medium enterprises to freelancers and gig workers."

Tags: India Mastercard

Companies

Mastercard Supercharges Consumer Protection With Gen-AI

Mastercard

"...The next generation technology, Decision Intelligence Pro, works by assessing the relationships between multiple entities surrounding a transaction to determine its risk."

Tags: Mastercard

Companies

Visa and Mastercard Embrace Blockchain as Future of Payments

Techopedia

"Visa and Mastercard, which have a combined market share of more than 70% — are exploring blockchain for fast cross-border payments and cryptocurrencies for card payments and rewards."

Tags: Mastercard Visa