Payments Source

FEBRUARY 11, 2020

Mastercard Inc. won approval to set up a bank card clearing business in China, gaining access to a $27 trillion payments market as part of the nation’s financial opening, though more regulatory steps will be required.

Visa 130

Visa Bank Card Payments Credit Cards 130

Fintech Finance

APRIL 29, 2024

In an era of rapid digitalization of financial services, PrestaShop , a world leader in e-commerce solutions, has joined forces with Mastercard to introduce Click to Pay: a payment solution designed to simplify and enhance the online payment experience for consumers across Europe.

Visa 52

Visa Payments Interoperability Facilitators 52

PYMNTS

FEBRUARY 11, 2020

China’s central bank gave Mastercard the go-ahead on Tuesday (Feb. 11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. . The central bank said Mastercard and its partner, NetsUnion Clearing Corp. As part of China’s trade deal with the U.S.,

Visa 80

Visa Central Bank Bank Card Debit Card 80

PYMNTS

SEPTEMBER 2, 2020

As consumers seek payment options and merchants try to meet the demand, Mastercard announced Wednesday (Sept. The deal allows Mastercard customers to split transactions into installments before, during or after checkout. 2) that it has partnered with TSYS , a global payments FinTech that allows shoppers to buy now, pay later (BNPL).

Visa 88

Visa BNPL Push-to-Card Payments 88

PYMNTS

JUNE 24, 2020

plans to offer a Samsung Pay Card that will give customers “a simple and flexible way to control their money,” the company said in a Wednesday (June 24) press release. For the launch, Samsung is linking up with Mastercard and FinTech Curve. Samsung Electronics Co.

Visa 93

Visa Debit Card Contactless Payments On-Demand 93

PYMNTS

MAY 21, 2019

Commuters in Portland, Oregon and Vancouver, Washington can now add a digital Hop Fastpass card to their iPhone or Apple Watch, thanks to an alliance between Mastercard and Apple. merchants and acceptance at Mastercard , said in the announcement.

Contactless Payments 69

Contactless Payments Visa Payments Debit Card 69

PYMNTS

JANUARY 27, 2019

Mastercard , the payments company, said late last week that it is still committed to operating in China. In a press release , Mastercard said that it is making every effort to secure the license to access the domestic Chinese market and confirmed it is in active talks with different solutions.

Visa 78

Visa Payments Participant Agreements 78

PYMNTS

DECEMBER 26, 2019

Deutsche Bank, Mastercard and IDEMIA are teaming up to introduce what they said is the first card in Spain to tap motion code technology, FinTech Futures reported on Thursday (Dec. On the back of the card, a small screen will display the CVC, also known as the dynamic security code.

Visa 52

Visa Non-Bank Verification Bank Card 52

PYMNTS

AUGUST 21, 2019

Mastercard is partnering with transportation solutions provider Cubic Transportation Systems, along with the Miami-Dade County Department of Transportation and Public Works (DTPW) to enable tap-and-go payments at Miami’s Metrorail stations, Mastercard said in a press release on Wednesday (Aug. merchants and acceptance, Mastercard.

Visa 46

Visa Contactless Payments Debit Card Bank Card 46

PYMNTS

FEBRUARY 22, 2019

Mastercard, in an effort to gain entry into the Chinese market, is looking toward a joint venture that may help the card giant get a credit card license in that country. The newswire quoted unnamed people familiar with the matter, who stated that Mastercard will refile its application to enter China with the PBoC.

Visa 53

Visa Online and Mobile Banking Credit Cards Central Bank 53

PYMNTS

FEBRUARY 11, 2020

In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law. Mastercard Gets Nod To Join China’s $27T Payments Market. Mastercard Gets Nod To Join China’s $27T Payments Market.

Laws 60

Laws Visa Payments Ubiquitous 60

PYMNTS

NOVEMBER 16, 2020

In today’s top news in digital-first banking, Mastercard has added a new account-to-account (A2A) product to its Track Business Payment Service, while Recognise has received a restricted banking license from U.K. consumers are paying down payments on credit cards as COVID-19 continues to hamper spending opportunities.

Visa 52

Visa Business Payments Credit Cards Cryptocurrency 52

The Fintech Times

JULY 24, 2024

This includes bank cards, smartphones, and smartwatches. “Thanks to UbiRider and Mastercard , now, we have a modern, powerful and complete digital solution to manage our operation at a cost we can afford. This partnership will enable MobiAzores users to pay onboard buses using contactless payment methods.

Contactless Payments 57

Contactless Payments Visa Payments EMV 57

PYMNTS

FEBRUARY 28, 2018

Mastercard and MegaFon have introduced two joint initiatives that will allow subscribers to link their mobile phone accounts to Apple Pay or Samsung Pay through the creation of a virtual Mastercard card. In addition, the partnership also allows subscribers to create a virtual Mastercard bank card via the MegaFon.Bank app.

Visa 40

Visa Online and Mobile Banking Bank Card Accounts 40

PYMNTS

FEBRUARY 14, 2020

We have deep dives into unattended retail, rapid settlements and cybersecurity, as well as news on Mastercard receiving the go-ahead from China’s central bank to set up a bank clearing business. Mastercard Gets Nod To Join China’s $27T Payments Market. China’s central bank gave Mastercard the green light on Feb.

Settlement 56

Settlement Visa Online and Mobile Banking Small Business 56

PYMNTS

JULY 25, 2016

Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. While they do that, Mastercard is holding off on moving ahead. That was welcome news to credit card companies, particularly U.S.

Visa 40

Visa Credit Cards Rules Non-Bank 40

Clearly Payments

NOVEMBER 13, 2024

This routing allows the processor to request authorization for the transaction from the issuing bank, which then approves or denies it based on factors like available funds and fraud checks. For instance, it indicates the issuing bank, card type (credit, debit, or prepaid), and sometimes the country of issuance.

Process 76

Process Processors Payments Compliance 76

Fintech Finance

MARCH 7, 2024

Ecommpay , a leading international Payment Service Provider and UK and European direct bank card Acquirer, is gearing up for a remarkable debut at the Merchant Payments Ecosystem (MPE) event, taking place from March 12-14, 2024, in Berlin.

Alternative Payment Methods 52

Alternative Payment Methods Fraud Prevention Service Provider Visa 52

The Paypers

APRIL 9, 2020

Yandex.Checkout has launched a new feature for businesses: payment acceptance using the automatic update of card details for Visa and Mastercard bank cards.

Transactions 39

Transactions Visa Bank Card Business Payments 39

PYMNTS

DECEMBER 20, 2019

Curve , a banking app that consolidates all of a person’s bank cards into one card and app, is launching a new feature that will allow for person-to-person (P2P) payments, according to a report by TechCrunch. CEO Shachar Bialick said “Curve is basically operating like an exchange” with Visa and Mastercard.

P2P 52

P2P FinTech Caps Visa 52

The Paypers

JULY 21, 2022

The Central Bank issued a statistical bulletin informing that the number of issued bank cards in Russia in the first quarter of 2022 increased by 12 million.

Central Bank 28

Central Bank Bank Card Visa 28

Payments Source

FEBRUARY 27, 2017

There are lots of new technology driven payment startups, though most still at least partly rely on the traditional card/bank model.

Bank Card 60

Bank Card Technology Payments PayPal 60

Fintech Labs Insights

APRIL 20, 2017

Payments giant Mastercard announced today it is undergoing trials for a new payment card. A first in the industry, the company has embedded a fingerprint scanner inside a Chip and PIN payment card– think of it as Apple Pay for your bank card. This is not the company’s first foray into biometrics.

Visa 23

Visa CHIPS Enrollments Authentication 23

PYMNTS

NOVEMBER 28, 2016

Mastercard announced last week that people in South Africa can now use Masterpass, the digital payments service by Mastercard, for purchases at more than 30,000 SnapScan merchants in South Africa via their mobile phones. Mastercard is working to ensure that every one of our accounts is as digital as the people using them.

Online and Mobile Banking 43

Online and Mobile Banking Visa ATM Authentication 43

The Fintech Times

SEPTEMBER 7, 2024

The other option enables visitors to bind major international bank cards from the likes of Visa , Mastercard , JCB , Discover , and UnionPay International to the Alipay app to access an array of local services, including shopping, dining, ride-hailing and public transportation, without needing a Chinese-mainland bank account or phone number.

Cross-Border 57

Cross-Border Mobile Payments Cross-Border Payments Payment Solutions 57

Payment Savvy

AUGUST 3, 2023

A BIN checker is a free tool that helps you retrieve information about a payment card based on the BIN number. Any valid BIN number contains key details about a card brand, its issuing bank, card type, and card level. You can find the bank’s contact details with a website and sometimes even a phone number.

Issuers 98

Issuers Card Issuer Processors Credit Cards 98

PYMNTS

JUNE 4, 2019

Amid collaborative efforts between traditional payment players and some smaller tech-nimble upstarts, the card giants are boosting their efforts to help FinTech firms bring new products to market. To that end, Mastercard has announced the next generation of its Accelerate program, focused on FinTech firms.

FinTech 76

FinTech Visa Non-Bank P2P 76

PYMNTS

JULY 25, 2016

That’s according to RBR’s Global Payments Cards Data and Forecasts to 2021 study, which also found UnionPay of China is controlling the biggest piece of the $21.6 That’s up from 32 percent in 2014 and in front of Visa and Mastercard. Visa had a 32 percent share, while Mastercard had 20 percent.

Chip Cards 40

Chip Cards Visa CHIPS Bank Card 40

PYMNTS

JANUARY 22, 2020

After consumer information was compromised on a tourist website, Alpha Bank, Piraeus Bank, Eurobank and the National Bank of Greece each cancelled their credit and debit cards for customers. As a result, any banking card used on the travel portal was cancelled, and to be replaced.

PCI DSS 52

PCI DSS Data Breach Breach Compromise 52

PYMNTS

SEPTEMBER 30, 2019

Among the companies that have been trying since 2017 to get access are Visa and Mastercard. The rules state that the central bank has to decide on applications from foreign companies inside of 90 days of acknowledging them.

PayPal 67

PayPal Online and Mobile Banking Central Bank Cross-Border 67

The Paypers

JUNE 1, 2016

(The Paypers) Yandex.Money analysed online payment behaviour of customers and data included information about e-wallet, linked bank cards, and the Yandex.Money MasterCard.

Visa 28

Visa Bank Card Payments 28

Fintech Finance

APRIL 8, 2024

Alipay+, a suite of cross-border mobile payment and digitalization technology solutions under Ant International, enables overseas consumers to pay with their home e-wallets across China.

Consumer 52

Consumer SARS Cross-Border Mobile Payments 52

Payment Savvy

JULY 3, 2024

This information is then sent securely to the acquiring bank. The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard).

Debit Card 52

Debit Card Process PCI DSS Processors 52

PYMNTS

JUNE 6, 2019

With SimplyGo, commuters can use a Mastercard or Visa contactless bank card or mobile phone to pay for transportation. According to a report in ZDNet , Visa said the project with Singapore’s Land Transportation Authority is one of its biggest rollouts of contactless payments, with 30,000 acceptance points.

Contactless Payments 49

Contactless Payments Authorization Visa Facilitators 49

PYMNTS

DECEMBER 6, 2016

Stemming from the PBOC’s order, Chinese banks have stopped all orders for cards bearing foreign networks logos — logos like Visa’s or Mastercard’s, for example. The co-branded cards, as issued, allowed Chinese consumers to process payments made in U.S. MasterCard and UnionPay had no immediate responses.

Visa 63

Visa Regulations Process Checks 63

PYMNTS

SEPTEMBER 7, 2016

MegaFon is responding and has introduced a contactless payment card that uses the subscriber’s mobile phone balance rather than their bank account. VimpelCom’s payment system, Ruru, was launched in 2011 in partnership with Alfa Bank. Also, money transfers are free within Russia.

Mobile Payments 40

Mobile Payments Payments Contactless Payments Visa 40

PYMNTS

APRIL 10, 2019

Extend allows banks to keep up with the fast pace of the evolving payment landscape. Our cutting-edge capabilities sit seamlessly on top of existing bank card platforms, eliminating traditional technical hurdles to deployment,” Extend CEO Andrew Jamison said in the press release. “We

Payment APIs and Integration 43

Payment APIs and Integration Credit Cards Visa API 43