article thumbnail

How Visa and MasterCard Shape the Payments Industry

Clearly Payments

At the forefront of payment industry, particularly in credit cards, are two giants: Visa and Mastercard. As the world’s leading payment networks , Visa and Mastercard play a pivotal role in shaping the landscape of electronic payments on a global scale. Then comes Mastercard, with 24%.

Visa 105
article thumbnail

Payments Canada Partners With Mastercard’s Vocalink To Advance Real-Time Rail

PYMNTS

Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.

ISO 20022 138
article thumbnail

Mastercard: Helping Consumers And Businesses Dive Into The Digital Deep End

PYMNTS

As Mastercard Senior Vice President of Digital Payments Silvana Hernandez told Karen Webster in a recent conversation, the recent difficulties weren’t created by the COVID-19 pandemic so much as they were fully exposed by it and put under more pressure all at once. And you know these days, immediacy matters.”. Turning The Big Ships.

Visa 61
article thumbnail

Mastercard to deliver Kenyan gov benefits through prepaid card

Payments Source

Mastercard has partnered with Kenya’s government and several large national banks on the rollout of a chip-and-PIN enabled prepaid card targeting unbanked Kenyan citizens.

Visa 60
article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Utilizing global payment networks (Visa, Mastercard, etc.) Below are some quick tips to ensure compliance with international laws: ​​Collaborate with industry-trusted payment processors for seamless international multi-currency transactions without legal complications. for transactions also requires this compliance.

article thumbnail

Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. About the Report.

article thumbnail

PPP, SBA Disbursements Seek Faster Routes

PYMNTS

Other financial institutions and financial services giants including Visa and Mastercard have also offered disbursement solutions for aid money. Government agencies must therefore begin thinking more about their payment infrastructure in the aftermath of the pandemic.”.