Payments News

On The Web

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Companies

Mastercard Wants to Discontinue Maestro

“Worldwide, 400 million Maestro cards by the brand that Mastercard introduced thirty years ago are in circulation. Nevertheless, the successful card will soon be replaced by a new debit card under the Mastercard brand. The main reason is the rise of e-commerce.  According to Henri Dewaerheijd, country manager Belgium and Luxembourg, Mastercard and Maestro have […]
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Companies

UK Court Sets Scene for $14 Bln-plus Class Action Against Mastercard

“A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard (MA.N) that claimants said could entitle 46 million British adults to roughly 300 pounds each if it is successful. The Competition Appeal Tribunal (CAT) had been expected to certify Britain’s first mass consumer class action, brought […]
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On The Wires

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Companies

11 Fintech Builders Join Mastercard Start Path Global Network to Scale Innovation

“Today the award-winning global startup engagement program Mastercard Start Path welcomes 11 fintech companies to receive dedicated support, access to customers and product teams, and opportunities to co-innovate. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have been selected to participate and are using gamification, behavioral science, social banking […]
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Companies

Mastercard Launches New Start Path Programming Dedicated to Supporting Minority-owned Startups, Furthering Efforts to Close the Racial Wealth and Opportunity Gap

“New programming complements Mastercard investments in minority focused VCs including Authentic Ventures, Fearless Fund, CNote and The Astia Fund Venture capitalists invest less than 3 percent of funding to Black founders , resulting in fewer success stories. Mastercard today announced the launch of a new Start Path track dedicated to supporting traditionally underrepresented fintech founders […]
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Companies

Mastercard Welcomes NEC Payments As a Global Partner of Fintech Express | Middle East/Africa Hub

“Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The program supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate […]
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Companies

Mastercard Partners With Conservation International to Protect and Restore Wildlife Habitats

“Mastercard and Conservation International today announced the introduction of the Wildlife Impact Card program , which enables consumers to help protect wildlife habitats, including those that are home to many Critically Endangered species…For each card purchased, $1 will be donated to Conservation International to help protect and restore wildlife habitats, including priority areas equal to […]
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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 […]