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Mastercard Commits $500M To Boost Black Communities, Businesses

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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. Louis and Dayton, Ohio.

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Home Depot Sues MasterCard, Visa Over Chip Card Security

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Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot says in a new federal antitrust lawsuit. District Court in Atlanta. Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S.

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Top News In Payments: Revolut Collaborates With Mastercard; Visa’s She’s Next Initiative Makes Global Leap

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In today’s payments news, British FinTech startup Revolut is teaming with Mastercard to help it expand into the U.S. Revolut Taps Mastercard for US Rollout . Revolut, a British FinTech startup, is teaming with Mastercard to help it expand into the U.S. All of Revolut’s first debit cards in the U.S.

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Consumer Class-Action Suit Against Visa, Mastercard Allowed To Go Forward

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Visa, Mastercard and banks in the U.S. At the heart of the lawsuit are allegations that Visa and Mastercard embraced rules that blocked ATM operators from charging a reduced fee when ATM transactions were processed by a competing network, protecting themselves from competition from cheaper ATM networks.

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Mastercard teams with Oversight to track government spending

Payments Source

Atlanta-based software provider Oversight Systems is working with Mastercard on a solution to help federal agencies ensure U.S. government spending on purchasing cards and other expenses are in compliance with policies.

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Mastercard: The Inclusive Futures Of Cities, SMBs And The Next-Gen Workforce

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Vosburg told Webster that Mastercard knows well the issues of financial inclusion and the need for governments and the private sector to work together to enable access to financial services. The challenge for Mastercard, Vosburg told Webster, was finding a way to have the inclusion conversation in the U.S.

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Today In Payments: MineralTree Raises $50M, Buys Two Companies; Robinhood Raises $460M

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24) announced a $50 million Series D investment round and the purchase of two companies: Inspyrus, a Silicon Valley FinTech that specializes in AP, and Regal Software, the Atlanta-based provider of B2B disbursement software. Mastercard Expands Digital Card Program To Include Instant Access, eWallet. MineralTree Inc.,

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