Fintech News

NOVEMBER 13, 2024

Mastercard announced plans to revamp online checkout procedures by 2030, aiming to eliminate manual card entry and passwords. Mastercard’s research indicates that two-thirds of shoppers struggle with manually entering their card details online. said Jorn Lambert, Chief Product Officer at Mastercard.

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Visa Authentication Issuers Encryption 141

Payments Dive

JULY 1, 2024

A proposed Visa-Mastercard settlement failed partly because a judge overseeing the case determined large merchants wouldn’t benefit as much as smaller merchants.

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Settlement Visa Large Merchants 147

Finextra

JUNE 11, 2024

Mastercard has set itself a target of hitting 100% e-commerce tokenisation in Europe by 2030, phasing out manual card entry and making online shopping safer and more accessible.

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Visa 143

Finextra

MAY 15, 2024

Mastercard has teamed up with Standard Chartered on a proof-of-concept pilot exploring tokenised deposits and tokenised carbon credits.

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Visa 138

Fintech News

NOVEMBER 25, 2024

This partnership combines Mastercard’s expertise in blockchain-based solutions with J.P. We look forward to supporting our clients engaging with the MTN ecosystem and collaborating further with Mastercard in the digital space.” Featured image credit: Edited from Freepik The post Mastercard and J.P.

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Visa Blockchain B2B Payment APIs and Integration 110

Fintech Finance

DECEMBER 12, 2024

Mastercard, in collaboration with the Central Bank of Egypt (CBE) and Egyptian Banks Company (EBC), brings Apple Pay to users in Egypt, providing a safer, more secure and private way to pay in-store, in-app and online. The post Mastercard Brings Apple Pay to Customers in Egypt appeared first on FF News | Fintech Finance.

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Visa Central Bank Debit Card Encryption 98

Finextra

MAY 16, 2024

Mastercard has welcomed five new firms to its Start Path startup programme specifically for firms in the cryptocurrency and blockchain space.

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Visa Blockchain Cryptocurrency 145

Fintech Finance

JULY 30, 2024

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. Together, we are not just adapting to the future; we are defining it.”

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Multi-Currency Visa Innovation Point-of-Sale (POS) 136

Bank Automation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

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Visa AI Fraud Detection Continuity 124

Fintech News

NOVEMBER 11, 2024

The National Bank of Cambodia (NBC) has launched the Bakong Tourists app in collaboration with Mastercard at a ceremony in Phnom Penh. Tourists can download the app upon arrival and seamlessly top up their Bakong accounts using their Mastercard issued in their home countries. This allows them to scan KHQR codes and pay at over 3.3

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Visa Payments Economy Governance 115

Fintech Finance

DECEMBER 6, 2024

Mastercard has partnered with Sympla , the leading events platform in Brazil, and Yuno , a global payments orchestrator based in Latin America, to bring its Payment Passkey Service to the region and accelerate secure online checkout for shoppers. Symplas mission is to make our customers journey on our platform simpler, faster, and safer.

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Visa Authentication Scams Payments 98

Fintech News

SEPTEMBER 18, 2024

Siam Commercial Bank (SCB) has partnered with Mastercard and Malaysian fintech Soft Space to launch the ‘Effortless Payment Processing’ campaign. Merchants will be able to accept payments from various sources, including Mastercard and Visa credit and debit cards, mobile wallets, and QR payments.

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Contactless Payments Visa Debit Card Payments 127

Fintech News

MAY 22, 2024

Mastercard has announced the implementation of generative AI technology to significantly accelerate the detection of compromised cards, enhancing protection for cardholders and securing the payment ecosystem. This enhanced capability allows Mastercard to detect complex fraud patterns and protect future transactions against emerging threats.

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Compromise Visa AI Fraud Detection 116

Fintech Finance

NOVEMBER 22, 2024

Mastercard and Fundbot , a UAE-based fintech firm specializing in supply chain financing, have announced a collaboration to accelerate business-to-business (B2B) payment flows across all industries. At Mastercard, we seek to empower businesses of all sizes to enable them to benefit from the digital economy.

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Visa B2B Payments Industry Trends 98

Fintech News

OCTOBER 28, 2024

Thunes, a global payments company, has launched a new Pay-to-Card solution that allows its members to send real-time payments to 15 billion Mastercard, Visa, and UnionPay cards worldwide. said Chloe Mayenobe, President and COO of Thunes.

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Global Payments Visa Cross-Border Payments Cross-Border 125

Finextra

NOVEMBER 13, 2024

Mastercard has set itself the target of using tokenisation and biometrics to eliminate manual card entry, passwords and one-time codes for online purchases by 2030.

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Visa 131

Finextra

JUNE 3, 2024

Mastercard today announced the expansion of its global Biometric Checkout Program in Latin America (LAC). With partners Ingenico, Fulcrum Biometrics, Fujitsu Frontech, and Scanntech, Mastercard has launched an innovative in-store biometric payment experience at Tienda Inglesa’s Red Expres in Uruguay.

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Visa Innovation Payments 111

Fintech News

MAY 19, 2024

Mastercard and Salesforce have announced a new integration aimed at enhancing the transaction dispute process. The new integration will combine Salesforce’s Financial Services Cloud (FSC) with Mastercard’ s dispute resolution services, including Ethoca Alerts and Ethoca Consumer Clarity.

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Disputes Visa Transactions CRM 110

Fintech News

AUGUST 18, 2024

Payments giant Mastercard plans to lay off 3% of its workforce in a move that will affect around 1,000 employees globally, as it undertakes a major organisational overhaul. As of last year, Mastercard employed about 33,400 people worldwide, with 67% stationed outside the U.S. across more than 80 countries.

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Visa FinTech Posting Payments 110

Fintech News

SEPTEMBER 16, 2024

Payments giant Mastercard has announced plans to acquire global threat intelligence company Recorded Future for US$2.65 Mastercard aims to strengthen its cybersecurity capabilities with this acquisition as cybercrime costs are projected to reach US$9.2 trillion by 2024.

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Visa Acquirers Cybersecurity Fraud Prevention 115

Finextra

MARCH 26, 2024

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.

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Settlement Visa Caps Credit Cards 128

Fintech Finance

DECEMBER 5, 2024

Premier Bank , a leading Islamic financial institution in Kenya, has announced a collaboration with Mastercard to introduce an innovative suite of Shari’ah-compliant debit, credit, and prepaid cards. We are excited to embark on this transformative journey with Mastercard.

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Visa Payment Solutions Debit Card Contactless Payments 98

The Payments Association

DECEMBER 16, 2024

Mastercard has selected Skipify to expand its US instalments program , providing more payment flexibility directly at checkout. Eligible cardholders and Mastercard users can access instalment options for any eligible credit card, making purchases easier and more flexible than ever.

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Visa Product BNPL Credit Cards 88

Fintech Finance

NOVEMBER 25, 2024

Unzer , a provider of payment and software solutions, has selected Mastercard as its strategic open banking partner in Germany, Austria and Denmark to enhance open banking account-based payments to power e-commerce payments across Unzer’s payment gateways.

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Visa Payment Gateways Payments Gateways 96

Payments Dive

NOVEMBER 19, 2024

Executives from the card networks were on the defensive Tuesday when members of the Senate Judiciary Committee berated them over high fees merchants must pay to accept credit card payments.

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Visa Credit Cards Payments 217

Finextra

SEPTEMBER 12, 2024

Mastercard has struck a deal to buy threat intelligence specialist Recorded Future from private equity form Insight Partners for $2.65

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Visa 125

Finovate

NOVEMBER 18, 2024

Qover, an insurtech based in Brussels, Belgium, has partnered with Mastercard to provide return shipping cost protection when retailers do not offer free returns. The service is available to Mastercard credit cardholders in Belgium and Luxembourg; Qover plans to expand the service to additional European countries.

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Visa Returns Automation Credit Cards 111

Fintech News

NOVEMBER 5, 2024

Payment giant Mastercard is accelerating and securing online transactions in Asia Pacific by eliminating the need for one-time passwords (OTPs) with its enhanced Mastercard Payment Passkey service. To use this service, consumers simply enroll their Mastercard once.

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APACS Visa Security Authentication 109

Fintech News

JUNE 4, 2024

Banking software company Temenos has announced a partnership with Mastercard to provide banks and their customers with more options for international money transfers. This partnership will integrate Mastercard Move , a comprehensive suite of money transfer solutions, into Temenos Payments Hub.

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Cross-Border Payments Cross-Border Visa Payment APIs and Integration 107

Fintech Finance

DECEMBER 6, 2024

Equifax (NYSE: EFX) and Mastercard (NYSE: MA) have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. of their e-commerce revenue to payment fraud.

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Visa Fraud Prevention Risk Assessment Payments 98

Payments Dive

SEPTEMBER 12, 2024

The acquisition is the latest in a series of cybersecurity firm purchases by the card network over the years.

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Cybersecurity Acquirers Visa 195

Fintech Finance

NOVEMBER 13, 2024

Mastercard today announced its vision to transform online shopping by 2030. By 2030, Mastercard aims to eliminate the need for manual card entry and one-time or static passwords by combining tokenization, introduced ten years ago to protect sensitive personal and payment data, with biometric authentication for secure, seamless checkout.

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Visa Authentication Payments Issuers 98

Finextra

JULY 7, 2024

Visa and Mastercard have committed to keep a cap on tourist card fees in place for another five years, says the European Commission.

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Caps Visa 130

Fintech News

OCTOBER 1, 2024

Payments giant Mastercard has agreed to acquire Minna Technologies, a company that helps consumers manage subscriptions through banking apps and websites, pending regulatory approval. The acquisition aims to enhance Mastercard’s suite of services by offering consumers an easier way to handle their subscriptions.

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Visa Acquirers Economy Consumer 108

Fintech News

AUGUST 13, 2024

Paymentology, a global issuer-processor, announced that it has secured certification with Mastercard’s Cloud Edge, furthering its strategy to offer cloud-based payment solutions. Mastercard’s Cloud Edge allows connections to Mastercard from various cloud providers and supports multiple connectivity options.

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Visa Issuers Processors Data Security 107

Fintech Finance

DECEMBER 12, 2024

Kuady , a leading payments service processor, has announced significant strides in its Latin American expansion, with the introduction of its digital wallet services in Ecuador and the launch of its virtual prepaid Mastercard in Argentina. The virtual prepaid Mastercard expands digital payment options in Argentina.

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Visa Real Time Payments Financial Inclusion Cross-Border 96

Fintech News

JUNE 17, 2024

Payments giant Mastercard and cloud-native banking technology firm Thought Machine are deepening their partnership to offer improved payments and core banking solutions to financial institutions aiming to modernise their technology infrastructure. said Mark Barnett, President, Mastercard Europe.

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