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Companies

Mastercard to Bring Crypto Trading Capabilities to Banks

“Mastercard today introduces Crypto SourceTM, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. The 2022 Mastercard New Payments Index reported that 29% of respondents globally hold cryptocurrency as an investment, with another 65% indicating a preference for crypto-related services to be provided by their current trusted financial […]
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Companies

Visa, Mastercard Under Fresh FTC Investigation Over Debit Card Routing – WSJ

“The U.S. Federal Trade Commission is investigating whether Visa Inc and Mastercard Inc’s security tokens restrict debit card routing competition on online payments, the Wall Street Journal reported on Monday, citing people familiar with the matter. The credit card giants are already being probed by the Commission for allegedly blocking merchants from routing payments over other […]
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Companies

Mastercard Focusing on 5 Key Areas to Turn Crypto Into ‘an Everyday Way to Pay’

“Mastercard highlighted on Wednesday five different areas it is working on in order to “turn cryptocurrencies into an everyday way to pay.” Raj Dhamodharan, executive vice president of Digital Asset and Blockchain Products & Digital Partnerships at Mastercard, explained: “Digital assets like cryptocurrencies and central bank digital currencies [CBDCs] have the potential to transform the […]
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Companies

Data Analytics and Artificial Intelligence are Expected to be the Top Technologies Driving the Growth of Fintech, Finds Mastercard Study (Middle East & Turkey)

“Data analytics and artificial intelligence (AI) are the top technologies of the Fourth Industrial Revolution that are powering fintech solutions, found a Mastercard study on the state of fintech in the Middle East and Turkey markets*.  The white paper titled ‘The Future of Fintech: Smart, Scalable, Collaborative’ was released during Fintech Surge in GITEX Global 2022, one of […]
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Companies

Mastercard Launches Quantum Computer-Proof Contactless Card

“Financial services giant Mastercard has developed a new type of contactless card that incorporates quantum cryptography, designed to protect against hacks from current classical computers and future quantum computers. The enhanced contactless card uses standards recently revealed by finance industry technical body EMVCo known as “the EMV Contactless Kernel Specifications” that work with all existing payment […]
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Companies

Uber Partners with Mastercard, Marqeta, and Branch to Launch New Uber Pro Card, Offering Faster Payments and Fuel Rewards for Drivers

“Uber drivers, couriers to get up to 10% cashback on gas; 12% on EV charging Uber today announced a new partnership with Mastercard, Marqeta, and Branch to power the Uber Pro Card, an enhanced loyalty and payments experience that will help drivers and couriers save on gas, fees, and other expenses. Built for drivers and couriers, the Uber Pro Card […]
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Companies

Mastercard Adopts New Tool Against Crypto Fraud

Mastercard has announced that next week it will launch an innovative new system to combat cryptocurrency fraud, which is also becoming increasingly common on its payment circuits. The new system, which will be called Crypto Secure, has the ability to visually assess the risk associated with a given transaction through artificial intelligence and data on the […]
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Companies

Speedchain Partners with Mastercard to Modernize Commercial Debit and Credit Payments

“Speedchain Inc., a fintech focused on revolutionizing business to business commerce via its connected data platform, today announced a multifaceted partnership with Mastercard. Leveraging Mastercard’s network and innovative payments technology, Speedchain member organizations of all sizes can experience modernized ways to pay by connecting virtual purchasing cards to the Speedchain platform and leveraging Mastercard rails […]
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Companies

Inswitch and Mastercard International Partner to Launch Embedded Payments and Issuing Programs Across Industries

“Inswitch, a fintech technology company with focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC. Inswitch will start issuing cards as a Mastercard principal member in Mexico, with plans to expand quickly to key markets […]
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Companies

Prophius Partners with Mastercard to bring Tap on Phone payments to Small Businesses in Sub-Saharan Africa

“Prophius today announced the launch of its PayContactless solution certified by Mastercard – a contactless acceptance solution that turns any NFC-enabled Android device into a physical point of sale. This move is expected to boost digital payment acceptance at small and micro enterprises in Nigeria, Ghana, Kenya, Uganda, and other key markets in Sub-Saharan Africa […]