Payments News

On The Web

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Companies

Mastercard Beats on Earnings and Cites a Rebound in Domestic Travel Spending

“A recent focus for Mastercard has been trying to win travel- or airline-focused co-branded arrangements, Chief Financial Officer Sachin Mehra told MarketWatch, with cards that are “heavily weighted toward people using the products for travel.” The company’s recent momentum in this area makes it “well positioned for travel coming back,” he argued. More generally, Mastercard […]

On The Wires

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Companies

Mastercard SpendingPulse: April U.S. Retail Sales Grow 23.3%* As Trends Point to a Recovering Economy

“Total U.S. retail sales sprung into another month of double-digit growth in April, according to Mastercard SpendingPulseTM , which measures in-store and online retail sales across all forms of payment. U.S. retail sales excluding automotive and gasoline increased 23.3% year-over-year in April, and 10.8% compared to April 2019. Online sales in April grew 19.9% and […]
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Companies

Mastercard Enters Into Strategic Partnership With Central Bank of Iraq to Advance Digital Payments in the Country | Middle East/Africa Hub

“Mastercard signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country’s payment ecosystem in a bid to boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy and accelerate the advancement toward a cashless society. The partnership first aims to build an efficient, reliable, and secure payment […]
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Companies

Mastercard Track™ Business Payment Service Welcomes HSBC UAE As Part of Mission to Help Modernize the Middle East and Africa’s B2B Payment Ecosystem | Middle East/Africa Hub

“Technology leader Mastercard continues to deliver on its promise to modernize business payments worldwide and across the Middle East and Africa region, announcing a new partnership with HSBC that will provide the bank’s commercial customers in the UAE with an enhanced business-to-business payment experience via the Mastercard Track™ Business Payment Service. The latest collaboration will […]
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Companies

Acima Unveils Industry’s First Lease-to-Own Anywhere Virtual Payments Card

“Acima, a $1.3 billion virtual lease-to-own FinTech company owned by Rent-A-Center, today unveiled the lease-to-own (LTO) industry’s first LTO payments card. The new Acima LeasePay™ card, which is powered exclusively by the Mastercard network, will unlock a new level of shopping power for cash and credit constrained customers to lease eligible goods that improve their […]
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Companies

Gap Inc. Signs Credit Card Program Agreements With Barclays and Mastercard

“Gap Inc. (NYSE: GPS), a collection of purpose-led, lifestyle brands including Old Navy, Gap, Banana Republic and Athleta, and the largest specialty apparel company in the U.S., announced today that it has entered into new, long-term credit card program agreements with Barclays and Mastercard. Barclays will become the exclusive issuer of Gap Inc.’s co-branded and […]