Archives

September 11, 2023 @ 2:33 pm By Omar Faridi  |  

Recently, several reports covered an update from the WSJ regarding “credit card fees.” Unfortunately, the story is wrong, Mastercard (NYSE: MA) claims. According to Mastercard, the reporting relies upon a report “produced by an advisory firm advocating for legislation currently under consideration in Congress.” Mastercard… Read More

September 7, 2023 @ 10:55 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Fintech Saudi have announced the signing of a memorandum of understanding during Seamless Saudi Arabia 2023 “to advance the growth and development of the Saudi Arabia fintech industry.” The announcement marks another step “towards powering an inclusive digital economy and advancing… Read More

August 25, 2023 @ 10:13 pm By Omar Faridi  |  

Mastercard (NYSE:RSKD) has established a Global Centre for Advanced AI and Cyber Technology in Dubai. The UAE’s Artificial intelligence, Digital Economy and Remote Work Applications Office and Mastercard signed a Memorandum of Understanding “to increase Artificial Intelligence (AI) capabilities and readiness in the region.” An… Read More

August 25, 2023 @ 8:52 am By Omar Faridi  |  

Mastercard (NYSE: MA) and digital currency exchange Binance will reportedly be terminating their four cryptocurrency card programs in the South American countries of Argentina, Brazil, and Colombia as well as Bahrain. This will be effective as of September 22, 2023, according to a representative for Mastercard… Read More

August 24, 2023 @ 10:08 pm By Omar Faridi  |  

Mastercard (NYSE:RSKD), a global technology company, is partnering with UAE-founded spend management fintech company Qashio in order “to launch corporate credit cards, while enabling them with virtual issuance capabilities across the region.” The strategic partnership aims “to make the future of expense management cashless, transparent… Read More

August 16, 2023 @ 5:21 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces an expanded partnership with Mastercard (NYSE: MA) to bolster financial inclusion across Guatemala, Honduras, and El Salvador. According to a recent Mastercard and Americas Market Intelligence (AMI) study, while most Latin Americans gained “access to basic financial products between 2020… Read More

August 7, 2023 @ 9:29 pm By Omar Faridi  |  

Mastercard (NYSE: MA) recently announced the introduction of Cardholder Verification Code (CVC)-less online transactions “for its debit and credit cardholders who have tokenized their cards on merchant platforms.” The move aims to “reduce the checkout time and make virtual transactions hassle-free and more secure.” CVC… Read More

July 15, 2023 @ 6:33 am By Omar Faridi  |  

Mastercard (NYSE: MA) and Nirvana Travel and Tourism – which claims to be one of the UAE’s leading travel and tourism management companies – have joined forces in a collaboration aimed at providing a payment solution “to customers who book travel services in the UAE,… Read More

July 7, 2023 @ 3:59 pm By Omar Faridi  |  

From romance scams to fictious online deals, impersonation scams of all kinds have plagued people and businesses over recent years and “shaken the confidence of victims.” However, the tide is turning. Mastercard (NYSE: MA) is taking the fight to the fraudsters “with its one-of-a-kind AI… Read More

June 29, 2023 @ 11:22 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced the launch of the Multi Token Network (MTN), a set of core capabilities designed to make transactions within the blockchain and digital asset ecosystems secure, scalable and interoperable – enabling payment applications and trade more efficiently. A new solution for the… Read More

June 24, 2023 @ 1:10 pm By Omar Faridi  |  

The Mastercard Foundation, in consultation with Mastercard Incorporated (NYSE: MA), filed an application with the Ontario Public Guardian and Trustee for a court order to modify its Deed of Gift. Once the order is granted, the changes are “expected to deliver greater flexibility in the… Read More

June 20, 2023 @ 9:16 am By Omar Faridi  |  

Mastercard (NYSE: MA) is continuing its move into the volatile crypto sector. The payments giant has submitted a trademark application claiming plans for software for crypto and blockchain/DLT transactions, as well as interconnecting virtual asset service providers for crypto transfers. It appears as if Mastercard… Read More

June 19, 2023 @ 11:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More

June 7, 2023 @ 10:54 pm By Omar Faridi  |  

Dapi, a UAE-based fintech company, part of Hub71’s global tech ecosystem, is thrilled to announce a strategic partnership with global technology company Mastercard, aimed at introducing account-to-account (A2A) payments on Mastercard Payment Gateway Services (MPGS). The agreement was “signed at Seamless Middle East, the largest… Read More

May 29, 2023 @ 12:03 pm By Omar Faridi  |  

UniCredit and Mastercard (NYSE: MA) announced a global expansion of their payment partnership. The agreement “sets the stage for the start of a strong partnership consistent with the UniCredit Unlocked strategy.” This is the first time any large commercial bank “has put in place a… Read More

May 11, 2023 @ 8:45 am By Omar Faridi  |  

Mastercard (NYSE: MA) cardholders will be able “to book travel using credit card loyalty points with Travel with Rewards powered by Expedia.” Expedia Group and Mastercard “expand their partnership for a new joint adventure: Travel with Rewards, a modern loyalty points redemption solution that enables… Read More

May 11, 2023 @ 7:18 am By Omar Faridi  |  

The key to faster Fintech growth is safe, seamless digital account opening, according to an update from Mastercard (NYSE: MA). Innovations in finance and payments are reportedly “unlocking new experiences for consumers and fintechs alike.” As of 2022, around 78 percent of adults in the U.S…. Read More

April 13, 2023 @ 10:20 pm By Omar Faridi  |  

Building on four years of work together to enable digital transformation among small businesses, Accion and the Mastercard Center for Inclusive Growth announced a renewal of their partnership and a sustained commitment “to improve the financial health of micro and small enterprises (MSEs) in emerging… Read More

April 11, 2023 @ 8:07 am By Omar Faridi  |  

According to Mastercard SpendingPulse, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive “were up +4.7% year-over-year (YOY) in March.” Mastercard SpendingPulse reportedly “reflects nominal spending and is not adjusted for inflation.” At a national level, while… Read More

April 8, 2023 @ 11:46 am By Omar Faridi  |  

Mastercard (NYSE: MA) announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This move further “reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce… Read More