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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."
August 1, 2024
On the web
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."
July 18, 2024
On the web
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."
July 15, 2024
On the web
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."
July 11, 2024
On the web
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"
July 10, 2024
On the web
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."
July 8, 2024
Top Post
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]
June 25, 2024
Top Post
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."
June 21, 2024
Top Post
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."
June 18, 2024
On the web
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."
June 14, 2024
Top Post
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."
June 11, 2024
Top Post
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."
On the web
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."
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