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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.

Community 282
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Mastercard, Ripple Back Remittance Co SendFriend

PYMNTS

million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. This investment will allow us to build out our team and focus on community engagement marketing efforts.”. Remittance company SendFriend announced that it has raised $1.7

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Mastercard In Control Integrates With MineralTree

PYMNTS

Mastercard ‘s commercial card spend management solution In Control has been integrated into the accounts payable (AP) automation platform of MineralTree , the companies said in a press release on Thursday (Jan. That collaboration similarly involves the integration of Mastercard In Control.

Cards 138
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Mastercard: Closing The Small Biz Cash Settlement Gap

PYMNTS

A recent Small Business Rapid Settlements study, done in collaboration between Mastercard and PYMNTS, finds that among more than 760 small- to medium-sized businesses (SMBs), more than 70.1 The PYMNTS/Mastercard study hints at a larger issue: namely, that companies would benefit greatly from a more visible, and faster, flow of funds.

Study 166
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SoLo Adds Mastercard Integration To P2P Lending Platform

PYMNTS

SoLo Funds announced it has added a Mastercard integration so users can link their debit accounts to the peer-to-peer (P2P) lending platform. Launched in 2018, the SoLo platform works by examining a user’s banking history, social capital and behavioral data to determine a score.

Lending 167
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Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

Her most recent position was as an executive vice president at Mastercard , where she helped to drive growth for the company in the areas of B2B, government and payment segments. Taylor also previously worked at Capital One, Chase Manhattan Bank and JPMorgan. Taylor has 30 years of experience in the payments field.

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Mobility Capital Finance, Mastercard partner for affordable financial services

The Paypers

Mobility Capital Finance (MoCaFi) and Mastercard have revealed they are partnering to bring alternate financial services to underserved communities.

Capital 28