Payments Dive

SEPTEMBER 6, 2023

In a Tuesday presentation, Mastercard’s CEO rebutted Wall Street Journal reporting last week about prospective credit card fee increases for merchants.

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Cards Report 294

Payments Dive

MAY 10, 2022

million for 2021 after he took Mastercard's top post. Compensation for Michael Miebach, who was the card company's chief product officer and president before he became CEO last year, climbed 75% to $16.1

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Cards Company 394

Payments Dive

JULY 11, 2022

pace, excluding auto and gas expenditures, according to Mastercard. In-store spending in June rose 11.7% over last year while e-commerce sales grew at a slower 1.1%

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Report 419

Payments Dive

JULY 28, 2022

credit card companies Visa and Mastercard with legislation aimed at increasing competition. Dick Durbin is poised to make good on his long-time threat to further rein in the two big U.S.

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Cards Company 391

Payments Dive

SEPTEMBER 25, 2023

The CCCA would “remove consumer choice, erode security, eliminate rewards, and dramatically prevent small businesses from investing in their future,” Mastercard said in a letter.

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Security 222

Payments Dive

JULY 27, 2023

While Mastercard participates in real-time payment systems in other countries, it’s holding back for now on the new U.S. instant payments network.

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System Payments 195

Payments Dive

MARCH 10, 2023

retail sales climbed about 7% in February over last year, alongside increases in restaurant and travel spending, Mastercard said in a report.

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Retail Report 261

Payments Dive

JULY 26, 2023

Mastercard teamed with Billtrust to begin offering the new tool, which will automate the process of sending and accepting virtual cards for business-to-business payments.

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Tools Cards Payments 195

Payments Dive

NOVEMBER 16, 2022

Mastercard and big banks such as Citi, Wells Fargo, BNY Mellon and U.S. Bank are set to participate in the proof-of-concept trial.

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Payments Dive

JUNE 23, 2020

Mastercard is buying Finicity in an $825 million agreeement that is aimed at enhancing the company's open banking presence in North America.

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America Company 419

Payments Dive

JULY 29, 2022

A new bill to curb Visa and Mastercard’s dominance of credit payments is likely to rev up a long-time battle between merchants and card companies.

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Cards Payments Company 274

PYMNTS

JANUARY 25, 2021

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. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated.

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Technology Cards Community Meeting 310

PYMNTS

SEPTEMBER 23, 2020

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to more businesses in Europe. They can spend funds kept in their PayPal accounts at more than 52 million Mastercard acceptance locations globally. The companies said in a Wednesday (Sept.

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Cards United States ATM Retail 363

PYMNTS

DECEMBER 16, 2020

London cloud-processing platform Form3 is partnering with Mastercard to enhance and streamline real-time payments worldwide. He added that the tie-up with Mastercard will “make our global ambitions a reality.” Mastercard also recently partnered with Chase and Air Canada to offer Aeroplan cards to U.S. Faster Payments.

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Payments Security Cards Strategy 332

BankInovation

MAY 2, 2024

Card giants Mastercard and Visa leaned into AI and generative AI for fraud detection in the first quarter. “We continue to enhance our solutions with generative AI to deliver even more value,” Chief Executive Michael Miebach said during Mastercard’s May 1 earnings call.

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Fraud Cards Security 111

PYMNTS

SEPTEMBER 9, 2020

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). In July, Mastercard announced the expansion of its cryptocurrency partner program to streamline the process for crypto-wallet providers to issue secure, compliant payment cards to their customers. In a Wednesday (Sept.

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cryptocurrency Regional Survey blockchain 330

PYMNTS

SEPTEMBER 17, 2020

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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Community St. Louis Los Angeles Ohio 282

PYMNTS

SEPTEMBER 17, 2020

Flywire will work with Mastercard to provide discounted foreign exchange rates on cross-border tuition payments for students, according to a press release emailed to PYMNTS. Students will be able to use their own currencies to pay through Mastercard credit or debit cards.

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Payments Guidelines Security Cards 315

PYMNTS

OCTOBER 1, 2020

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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Tools Cards Guidelines Online 262

PYMNTS

JANUARY 18, 2021

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.

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Cards Payments Technology Compliance 270

PYMNTS

OCTOBER 23, 2020

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. A partnership model also invites cross-pollination between FinTechs and the Mastercard matrix. .

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PYMNTS

JUNE 29, 2020

Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services.

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Fintech Cards Regional Management 248

PYMNTS

NOVEMBER 19, 2020

Citi and Mastercard are teaming up as network partners for the digital checking and savings account Citi Plex on Google Pay, available for both Android and iOS. . Chokshi added that teaming with Mastercard offers Citi new capabilities like tokenization “that is fully digital, and different.”.

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Google ATM America Digital Banking 284

PYMNTS

NOVEMBER 17, 2020

That’s why Mastercard has taken steps to eliminate the pain point of managing payment preferences altogether through its Mastercard Track Business Payment Service (BPS), a multi- rail ecosystem that sits between buyer and supplier to optimize the movement of both funds and data in a B2B payments flow. "We said Anderson.

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PYMNTS

AUGUST 14, 2020

To provide banks serving small- to medium-sized businesses ( SMBs ) throughout the globe with the newest technology and insights, Mastercard and Pollinate have agreed to a strategic partnership. The collaboration comes after Mastercard’s investment in the company last year, according to a Friday (Aug. 14) announcement.

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America Technology Data Operations 274

PYMNTS

JULY 21, 2020

Mastercard on Monday (July 20) announced the expansion of its cryptocurrency partner program to streamline the process for crypto-wallet providers to issue secure, compliant payment cards to their customers. Launched via Mastercard’s Accelerate program, cryptocurrency platform Wirex will be Mastercard’s first partner.

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cryptocurrency blockchain Bitcoin Examples 318

PYMNTS

DECEMBER 11, 2020

high court class action lawsuit brought by 46 million consumers could cost Mastercard £14 billion now that a court decision has allowed the case to go forward, the Financial Times reported on Friday (Dec. The case stems from an European Commission (EC) ruling in 2007 that said Mastercard interchange fees were in breach of competition law. .

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Retail Cards Policies Company 217

The Paypers

MAY 29, 2024

Mastercard has announced its partnership with EagleLion in order to drive digital payment development for customers and businesses in Ethiopia.

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Payments 45

BankInovation

MARCH 8, 2024

To ensure that data is handled responsibly, Mastercard uses an established set of data and tech responsibility standards as well as additional senior executive oversight on all generative AI applications. “Financial institutions have an advantage at the starting line when it comes to using generative AI,” Andrew Reiskind, chief data officer at Mastercard, (..)

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Data Analytics 63

The Paypers

MAY 30, 2024

Mastercard has announced its partnership with HSBC Middle East in order to accelerate the development of travel payments in the region.

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Regional Payments 41

BankInovation

MAY 7, 2024

Payments behemoth Mastercard uses APIs to develop a wider range of products for business clients.

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Operations Data Management Payments 61

BankInovation

JANUARY 24, 2024

Mastercard extended its collaboration with The Clearing House today to allow customers and businesses to use real-time payments. Mastercard will be the exclusive instant payments software provider for The Clearing House’s (TCH) RTP network, according to a news release from Mastercard.

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Software Payments 65

The Paypers

APRIL 16, 2024

Mastercard has partnered with Canadian fintech VoPay in order to provide customers with the possibility to move money quickly and securely with Mastercard Move.

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Fintech Security 45

BankInovation

OCTOBER 23, 2023

Mastercard is exploring generative AI uses with a specific focus on operational efficiency and coding assistance. Purchase, N.Y.-based

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Operations Technology Google 69

The Paypers

MAY 21, 2024

Asia-based B2B digital payments platform SUNRATE has joined Mastercard Priceless Planet Coalition to fight climate change through funding the restoration of 100 million trees.

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Payments 45

The Paypers

MARCH 11, 2024

US-based payment technology corporation Mastercard has partnered with Europe-based paytech Nexi to support Open Banking payments in Europe.

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US Technology Payments 101

The Paypers

FEBRUARY 28, 2024

Mastercard has announced the launch of its new Open Banking programme, aimed to optimise the debit and prepaid digital account opening experience for US clients.

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US 74