Payments News

Standards

Mastercard CEO ‘Very, Very Optimistic’ About the Coming Common Buy Button for E-Commerce

“Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year to $385 billion and profits jumped 33% to $1.86 billion.”