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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 […]
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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

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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On The Wires

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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 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 […]
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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

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.”