Payments News

On The Web

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Companies

Visa, Mastercard Reach $6.2 Billion Settlement on Swipe Fees

“Visa Inc. and Mastercard Inc. agreed to pay as much as $6.2 billion to end a long-running price-fixing case brought by merchants over card fees, the largest-ever class action settlement of an antitrust case. The total is in line with sums the two companies previously set aside to cover the costs of the litigation, including $5.3 billion already […]
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Companies

Mastercard Patent Filings Tout Blockchain for Immutable Data Records

“In a series of largely similar patent applications published last week by the U.S. Patent and Trademark Office, Mastercard outlines how a distributed ledger can be used to record “point-to-point transactions” as they are processed. This information can then be used by organizations or members of those organizations to create a log of items procured during the course of business.”
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Companies

Mastercard unveils ‘sonic brand’

“Mastercard has introduced a ‘sonic brand identity’, a suite of sounds based around a melody that can be used in many different contexts to remind consumers they are dealing with the payments network. “Wherever consumers engage with Mastercard across the globe — be it physical, digital or voice environments — the distinct and memorable Mastercard melody […]
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On The Wires

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Companies

Sound On: Mastercard Debuts Sonic Brand

“Setting a new tempo for brand expression, Mastercard debuts its sonic brand identity, a comprehensive sound architecture that signifies the latest advancement for the brand. Wherever consumers engage with Mastercard across the globe – be it physical, digital or voice environments – the distinct and memorable Mastercard melody will provide simple, seamless familiarity. The news […]
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Companies

MTN Uganda and Mastercard diversify Mobile Money services in Uganda

“MTN Uganda in partnership with Mastercard and United Bank for Africa (UBA) have announced a new service that will enable quicker, safer and more convenient online payments globally. Through this partnership, MTN MoMo customers will use a virtual card to shop or make payments at the vast network of global outlets accepting Mastercard payments.”
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Companies

Mastercard and EasyPay take the friction out of bill payments

“South Africans can now buy prepaid utility services or pay their accounts from approximately 600 bill issuers with the new EasyPay Mobile app using Masterpass, the global digital payment service from Mastercard. Announced today at the Mastercard Connecting Tomorrow Forum in Barcelona, this collaboration marks a significant milestone in Mastercard’s strategy to displace cash and […]
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Companies

Signing Off: Mastercard Moves Beyond Signatures Worldwide

“Starting in April 2019, Mastercard issuers globally will no longer be required to include a signature panel on the back of Mastercard products. This change follows the move to allow merchants the option to collect cardholder signatures for in-store purchases. Mastercard led the industry with this announcement in the U.S. and Canada last fall, and now […]
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Companies

Mastercard Evolves Its Brand Mark by Dropping its Name

“Mastercard today announced that it is dropping its name from its iconic brand mark in select contexts. The interlocking red and yellow circles, referred to as the Mastercard Symbol, will now stand on its own across cards using the red and yellow brand mark, acceptance marks at retail locations both in the physical and digital […]