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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 his discrimination has carried through to their payment mechanisms and cards until now.

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NYC public transit pilot puts contacless payment adoption on notice

Payments Dive

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use.

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NYC public transit pilot puts contactless payment adoption on notice

Payments Dive

The long-awaited pilot program to test tap-and-go payments in public transit in New York City is being closely watched to see if U.S. consumers will finally embrace mobile wallet and contactless card use.

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Weekly Wrap: Varo gets FDIC approval, as Curve prepares for US launch

Bank Innovation

In this episode, editors discuss the following news developments: The implications of banking startup Varo’s FDIC approval; How U.K. card startup Curve opened a New York City office in advance of its U.S. Welcome to the latest episode of our Weekly Wrap series, for the week ending Friday, Feb.

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City National Bank, Extend Team On Virtual Corporate Cards

PYMNTS

City National Bank has enlisted New York City FinTech Extend to enable the bank’s clients to offer virtual corporate cards to employees, vendors and other business partners, the companies announced in a press release. Replacing them is much easier than replacing plastic cards.

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Former Visa CEO Scharf named chairman of New York City Ballet

Payments Source

was named chairman of the New York City Ballet, the largest dance organization in the U.S. Charlie Scharf, the former chief executive officer of Visa Inc.,

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Rising Credit Card Use In UK Could Mean The End For ‘Petty Cash’

PYMNTS

The increasing number of businesses using cards over cash could prompt some companies in the U.K. Contactless transactions using commercial credit cards surged nearly a fifth higher in 2019 than they had been prior, according to the U.K. to stop using cash altogether after hundreds of years with that as the primary mode of payment.

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