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Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. The new initiative will include “concentrated investments that will focus on providing Black-owned businesses and Black people access to affordable financial tools and capital,” Mastercard said in a news release. We can and must do better.

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Mastercard Supports Women-Owned SMBs With $20M CNote Investment

PYMNTS

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. This investment is part of Mastercard’s push to “help close the racial wealth and opportunity gap.”.

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Mastercard Debuts NextGen Contactless Technology

PYMNTS

Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. One senior official said the cloud could help extend developments out through a larger community overall.

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Mastercard Adds Another Digital Tool For SMBs

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As the digital revolution continues to transform the way shoppers pay for things amid the COVID-19 pandemic, Mastercard announced a free online tool to help entrepreneurs future-proof their companies. A Mastercard survey revealed 76 percent of small businesses in North America said the pandemic prompted them to become more digital.

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Mastercard Introduces Sustainable Credit Card

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Mastercard Inc. Our goal is simple: we want to help banks offer more eco-friendly cards to consumers, and we are taking concrete steps to bring about that change,” said Ajay Bhalla, president of Cyber & Intelligence at Mastercard, in a statement. Its Green America Visa from TCM Bank supports the charity’s green-economy programs.

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Mastercard, Regal Help Community Banks Offer Corporate V-Cards

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Regal Software has announced a collaboration with Mastercard that enables financial institutions to support virtual corporate payments. In a press release , Regal said its agreement with Mastercard will allow banks to provide an integrated payables platform that supports virtual card payments.

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Mastercard Introduces True Name Card

PYMNTS

To address a major pain point for the LGBTQIA+ community, Mastercard is introducing the True Name card. The product will allow for chosen names to appear on the front of the card, according to news from Mastercard. The company said that almost one-third ?— or 32 percent?—

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