Payments News

On The Web

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Companies

Mastercard Launches First UK Debit Card Campaign

“Mastercard has launched its first campaign for a debit product, focusing on changing payment habits. The campaign points out the increasing prevalence of contactless payment, and highlights that ‘priceless moments’ can be had every day, without the need for credit. The social-led campaign was created by McCann London. It will also feature activity across OOH, […]
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Companies

Mastercard Still Sees Growth Opportunities in the U.S. Payment Market

“Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s revenues—down from 39% in 2012—and […]
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Companies

Mastercard Joins Blockchain-Powered Trade Finance Consortium Marco Polo

“Mastercard has joined Marco Polo, a consortium working to simplify global trade with blockchain technology. Announced Tuesday, the payments giant’s business-to-business global trade unit, Mastercard Track, will provide an access point to Marco Polo ’s working capital finance platform, which operates within a $1.5 trillion market, as estimated by the World Trade Organization.”
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Companies

Mastercard’s Top and Bottom Lines Benefit As Transaction Volume Jumps 20%

“Mastercard Inc. switched 20% more transactions on its worldwide network in the third quarter than it did a year earlier as purchase volumes remained strong and new growth markets generated more transactions. “Growth was broad-based,” Mastercard president and chief executive Ajay Banga said Tuesday morning during the company’s third-quarter earnings conference call with analysts.”
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On The Wires

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Companies

Mastercard Launches Accelerate to Supercharge Fintech Success

“Mastercard today launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialized programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their […]
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Companies

PayPal and Mastercard Extend Instant Transfer to Singapore & Europe

“Following the success of its Instant Transfer feature in the U.S., PayPal and Mastercard recently extended the service to Mastercard cardholders in Singapore and a number of European countries. Mastercard Send™ is an application that leverages the card network infrastructure to facilitate the secure availability of funds in real-time*. With Mastercard Send™, PayPal users can […]
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Companies

Mastercard Partners With BMO Harris and Superbia to Bring the True Name™ Feature to Their Card Offerings

“Announced during World Pride 2019, the True Name initiative was developed in response to a need for credit, debit and prepaid cards that reflect the true identities of many in the transgender and non-binary communities who are misrepresented when shopping and going about daily life. For these communities in particular, the card in their pocket […]
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Companies

Mastercard Announces Leadership Transition

“Mastercard (NYSE: MA) today announced that Ajay Banga, President and Chief Executive Officer, will transition to the role of Executive Chairman of the Board of Directors of Mastercard Incorporated on January 1, 2021. Mastercard’s Board unanimously elected Michael Miebach, Chief Product Officer, to become Chief Executive Officer and a member of the Board of Directors […]