Payments News

On The Web

nbsp;

Companies

Credit card companies to trim merchant fees, but retailers group ‘underwhelmed’

“Ottawa has reached voluntary, five-year deals with Visa, Mastercard and American Express that the feds expect will help small and medium-sized companies save a total of $250 million per year, says a government source familiar with today’s announcement. Starting in 2020, Visa and Mastercard will reduce the fees they collect from businesses to an average […]
nbsp;

Companies

Mastercard Patents Method To Manage Blockchain Payments

“Mastercard has secured a patent for a method, which will enable it to manage fractional reserves of blockchain currency. The system will connect blockchain-based assets including Bitcoin to fiat currency accounts in order to allow cryptocurrency payments through credit cards. The new system will comprise a central database, an account database, a receiving device and […]
nbsp; nbsp; nbsp;

Companies

Puma Energy Tanzania Partners with Mastercard and Selcom to Introduce Masterpass QR at Retail Stations

“Mastercard has partnered with Selcom to enable local businesses and merchants to accept interoperable digital payments, many for the first time. Consumers are now able to make quick, easy and secure payments with their mobile money wallets or banking apps at Puma Retail Stations across Dar es Salaam. The payment solution will soon be launched […]
nbsp;

Companies

Mastercard’s MoU with Central Bank of Iraq Signals Bright Future for the Country’s Emerging Digital Payments Ecosystem

“As part of the MoU, Mastercard and CBI will explore areas of potential collaboration across a broad spectrum of initiatives, including electronic payment strategy and policies, fraud management, financial inclusion, advisory services, and acceptance solutions. A joint working group will be created featuring representatives from both organizations, which will be tasked with assessing each aspect […]
nbsp;

On The Wires

nbsp;

Companies

Mastercard and KeyBank To Transform Banking Experience With Artificial Intelligence

“Mastercard and KeyBank today announced that the bank will now use Mastercard Decision Intelligence™, a security solution that uses artificial intelligence (AI) to make more informed authorization decisions. This will enable KeyBank to increase the accuracy of real-time approvals of genuine transactions and enhance the overall cardholder experience. This is the first use of AI […]
nbsp;

Companies

Mastercard And Entersekt Enable All-In-One, Scan-To-Pay Feature In Nedbank App

“Mastercard and Entersekt have collaborated to enable Nedbank’s customers to make QR payments to Masterpass, Pay@, SnapScan, and Zapper merchants and billers through the Nedbank Money app, whether they are paying online or at a physical point of presence. This market-first development means that Nedbank Money users need just one smartphone app for all major […]
nbsp;

Companies

Microsoft Pay is now available with Masterpass

“Microsoft Pay now supports Masterpass by Mastercard, so that consumers can use their Microsoft account for fast and secure checkouts at their favorite retailers that accept Masterpass, without the need to reenter their information. This work further advances Mastercard and Microsoft’s shared goal to help optimize the payment experience for customers and merchants alike.”