Visa, Mastercard depict bank failure impact
Payments Dive
MARCH 15, 2023
As bank card issuers faltered this past weekend, the card networks monitored payments closely, Visa and Mastercard executives said at a conference.
Uzum Partners With Mastercard to Boost Financial Literacy in Uzbekistan
Fintech Finance
SEPTEMBER 17, 2024
Uzum , the leading fintech and e-commerce ecosystem in Uzbekistan, has partnered with Mastercard on an education project to improve financial literacy in Central Asia’s most populous country. Uzum and Mastercard have launched two free online courses to help Uzbek consumers understand how to conveniently and safely use debit and credit cards.
Visa, Mastercard say CrowdStrike didn’t impact networks
Payments Dive
JULY 22, 2024
Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.
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Mastercard obtains a bank card clearing licence in China
The Paypers
NOVEMBER 21, 2023
Mastercard NUCC Information Technology (Beijing) has received formal approval to perform domestic bank card clearing activities in China.
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Uzum Launches New Education Initiative With Mastercard to Improve Financial Literacy in Uzbekistan
The Fintech Times
SEPTEMBER 18, 2024
Uzum , the fintech and e-commerce ecosystem in Uzbekistan, is joining forces with payments giant Mastercard to launch a new education project to improve financial literacy across the country. Uzum and Mastercard have launched two free online courses to help Uzbek consumers understand how to conveniently and safely use debit and credit cards.
Bank card spending volume slows
Payments Dive
JANUARY 17, 2023
The big banks’ fourth quarter 2022 card volume data could have implications for card giants Visa and Mastercard, an analyst said.
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SME Neobank Ampere Announces Partnership With Mastercard to Streamline Financial Solutions
Fintech Finance
AUGUST 1, 2024
Ampere , the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers offering, marking a milestone in its mission to streamline financial solutions for SMEs.
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Mastercard wins initial approval to join China’s $27 trillion market
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.
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Mastercard and PrestaShop Join Forces to Revolutionize Online Payments With Click to Pay
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.
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Mastercard Gets Nod To Join China’s $27T Payments Market
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.,
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Mastercard Teams With TSYS To Expand Installment Payment Offerings
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).
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Payhawk Integration with Mastercard to Streamline Spend Management with Bank Cards
The Nilson Report
NOVEMBER 22, 2024
The post Payhawk Integration with Mastercard to Streamline Spend Management with Bank Cards appeared first on Nilson Report.
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Samsung To Roll Out Pay Card With Mastercard, Curve
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.
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Mastercard Enables Contactless Payments At TriMet
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.
Mastercard To Apply For China Payments License
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.
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Deutsche, Mastercard Launch Spain’s First Dynamic Code Card
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.
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Mastercard Enables Tap To Pay For Miami Commuters
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.
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46 Mastercard In Renewed China Push
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.
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Today In Payments: Mastercard To Join China’s $27T Payments Market; Uber, Postmates Lose Bid To Halt Gig Worker Law
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.
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Today In Digital-First Banking: Mastercard Adds A2A To Business Payments Offering; Britain’s 'Recognise' Receives Restricted Banking License
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.
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Simplifying Travel Payments Outside of Big Cities: UbiRider Lands in the Island of Terceira
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.
Mastercard Partners With MegaFon For Mobile Pay Initiative
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.
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Mastercard Card Clearing In China, Unattended Retail, Rapid Settlements Top This Week’s News
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.
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Mastercard May Seek Payment Licensing In China
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.
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What is a BIN in Payment Processing
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.
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Ecommpay Premiers Full-stack E-commerce Offering at MPE 2024
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.
Yandex.Checkout to help businesses reduce the number of declined transactions
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.
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FinTech Startup Curve Launches P2P Payments Feature
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.
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Central Bank report: Russia issued a record number of cards after the exit of Visa and Mastercard
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.
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Disruptors not doing enough to break the bank/card link
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.
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60 Mastercard’s Biometric Payment Card: the Good, the Bad, and the Ugly
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.
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Masterpass And SnapScan Team In South Africa
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.
Ant Group Celebrates as International Users Quadruple Following Successful Initiatives
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.
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BIN Checker: Understanding Bank Identification Numbers
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.
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Card Giants Step Up FinTech Support Efforts Across The EU
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.
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76 UnionPay’s Market Share Dominance
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.
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Tourism Data Hack Leads Greek Banks To Cancel Thousands Of Their Cards
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.
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PayPal Expands Into China After Getting Payments License
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.
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Yandex.Money releases study on online payment behaviour of customers
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.
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Ant Group Launches Partnership on International Consumer Friendly Zones Program in China, Partnering With Global E-Wallets, Card Organizations
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.
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What Is Debit Card Processing & How Does It Work?
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).
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Singapore Transit Rolls Out Visa On SimplyGo Contactless System
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.
Union Pay Pushes Pause On Co-Branded Cards
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.
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Mobile Payments Igniting In Russia
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.
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