Mastercard unveiled a partnership with remittance-focused fintech Sokin in a bid to revive its flagging cross-border payments business, which has declined dramatically during the coronavirus pandemic.
Mastercard unveiled a new set of tools aimed at helping banks other financial firms assess cyber risk and prevent potential breaches, further boosting the card company's artificial intelligence-based security offerings.
Mastercard executives said Wednesday that they’re confident the company’s hampered multibillion-dollar purchase of Nets Group’s account-to-account payment processing business will close in the first quarter of next year, as the credit card issuer addresses additional conditions required by European regulators.
Mastercard and PayPal are expanding their partnership, launching the online payments company’s Instant Transfer service in several large European markets to help more customers quickly cash out funds in real time.
Payments provider Nets Group will acquire a subsidiary of CCV Group, furthering an expansion across Europe for the Denmark-based Nets, which itself is in the process of being sold to Mastercard.
Mastercard said Thursday that it has formed a partnership with Singapore-based fintech Atlantis to expand its Digital First Program in India, with plans to expand soon in Southeast Asia as contactless payments continue to gain popularity worldwide.
Mastercard on Wednesday launched a pilot program for a biometric card that uses fingerprint authorization, partnering with French augmented reality developer IDEMIA and Singapore-based fintech MatchMove.
Transgender and nonbinary individuals in the U.S. will now be able to have their preferred first name on their Citi credit card rather than being forced to use their legal name through Mastercard’s “True Name” feature, which the credit card company unveiled a year ago and which Citigroup on Monday became the largest bank to implement.
Mastercard struck a partnership with benefits company Stride to bring insurance plans to more gig and independent workers, in an effort to capitalize on growth in part-time employees in the U.S. who lack stable health coverage.
Mastercard and Broadridge Financial Solutions executives were appointed to a Federal Reserve Bank of New York panel on Friday, as the group looks to better understand the pandemic's impact on U.S. fintechs.
Mastercard has invested in card-issuing fintech Marqeta, the companies revealed on Thursday, noting that they plan on strengthening their existing ties through product and geographical expansions.
Coinbase users can now sell cryptocurrency assets and withdraw the cash through a linked Visa or Mastercard debit card, increasing the digital currency exchange’s integration with traditional financial institutions.
Mastercard said Tuesday that it would begin adding merchant logos in online banking and payment apps in the U.S. to increase transparency for cardholders and cut back on calls over unrecognized transactions.
Mastercard and ACI Worldwide said Tuesday that they are partnering to offer a series of real-time payments services to customers including central banks and other financial institutions, anticipating that the space is poised for strong growth.
Mastercard expanded its Digital First Card Program in North America on Wednesday, a move that looks to meet the growing demand for contactless payment and digital banking options during the ongoing pandemic.
PayPal and Mastercard have expanded their PayPal Business Debit Mastercard into new major European markets, seeking to provide instant access to funds for small businesses and new cash back options for customers.
Mastercard, the second-largest U.S. credit card issuer, is encouraging employees to return to its New York-area offices, joining banks and other financial firms as they seek to bring staff back from remote work.
Mastercard and PayPal rolled out a new partnership with banks geared toward accelerating fintech development and digital and financial inclusion in the Latin America and Caribbean regions.
Mastercard will invest $500 million in Black communities over the next five years, the U.S.-based credit card issuer said Thursday, the latest financial institution to take action to help to close the racial wealth and opportunity gap across the United States.
Mastercard and U.K.-based Handpoint jointly unveiled a partnership on Wednesday that will bring “essential technology” for contactless payment options to thousands of small and medium-sized businesses in European countries.