Payments News » Mastercard

Mastercard Is In Talks With UK Banks About Launching Cards With Fingerprint Scanners

July 9 2018

“Mastercard is holding talks with banks in the U.K. about bringing biometric payment cards to market. The credit card firm has been testing cards with in-built fingerprint scanners, which are used to verify customers’ identities. This is intended to replace the use of passwords and speed-up the process of making payments online and contactless transactions in-store.”

Companies

Mastercard Patents Method To Manage Blockchain Payments

July 19 2018

“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 […]

Companies

Mastercard Wins Patent For Speeding Up Crypto Payments

July 17 2018

“To reduce these transaction times, the company would be offering a new type of user account able to transact in cryptocurrencies but pegged to a fiat currency. This account would link a series of profiles able to identify a user’s “fiat currency amount, a blockchain currency amount, an account identifier and an address.” The transactions […]

Companies

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

August 10 2018

“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 […]

Companies

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

August 10 2018

“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 […]

Companies

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

August 21 2018

“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 […]

Companies

Mastercard And Strands Collaborate To Empower Small-to-Medium Enterprise Banking With AI And Cutting-edge Payment Technology

July 9 2018

“SMEs are historically an underserved business segment despite their $46 trillion annual spending power. Now, the Strands Business Financial Management (BFM) will leverage Mastercard’s digital payment technology to deliver on-demand solutions helping these businesses to better understand their finances, project their short-term cash flow and see personalized recommendations for customized solutions. Both companies’ banking clients will benefit […]

Companies

Microsoft Pay is now available with Masterpass

August 7 2018

“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.”

Companies

Mastercard and KeyBank To Transform Banking Experience With Artificial Intelligence

August 28 2018

“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 […]

Companies

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

August 1 2018

“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 […]