Tagged: mastercard

Mastercard Teams Up with Demica to Support Improved Access to Working Capital Solutions

Payment solutions provider Mastercard (NYSE: MA) has entered into a partnership agreement with Demica in order to introduce a supply chain finance capability within Track Business Payment Service (Track BPS). This should enable improved access to “flexible working capital for buyers and suppliers.” As mentioned… Read More

Mastercard and Previse Accelerate Business Payments Across the Globe

Mastercard (NYSE: MA) and Previse announced on October 18, 2021 the integration of Mastercard Cross-Border Services – an international push payments platform that allows funds to be sent seamlessly, securely and with “certainty” to any account – into Previse’s InstantPay platform. The collaboration will “enable… Read More

Mastercard and Grab to Bring Digital Upskilling to Informal Workers, Small Businesses in SE Asia

Mastercard (NYSE: MA) and Grab, which is Southeast Asia’s leading “Super App” provider, announced on October 14, 2021, a regional partnership to support digital and financial inclusion in the region. This partnership will aim to offer millions of informal workers and small businesses on the… Read More

Mastercard and Citi to Support Financial Inclusion, Sustainability Efforts

Mastercard (NYSE: MA) and Citi (NYSE: C) have formed a new partnership in order to support local residents and small businesses via greater public-private sector collaboration. Through City Possible, Mastercard’s partnership and co-creation framework for cities, the two international firms will aim to “bring their… Read More

Hacked Crypto, Payments Account Costs on the Rise

The value of hacked PayPal accounts has surged in 2021, while verified cryptocurrency accounts will cost you a pretty penny, research analyzed and originally published by wette.de reveals. In September, such an account was worth 9.2 cents for every dollar in the account. That is… Read More

Canadian Crypto Platform Coinberry Names Former MasterCard Exec Abhijeet Roy CTO

Canadian cryptocurrency trading platform Coinberry this week named Abhijeet Roy as their new chief technology officer. Before joining Coinberry Roy held leadership positions at MicroStrategy, a provider of enterprise analytics, and one of the largest holders of Bitcoin in the technology sector. Roy brings more… Read More

BNPL: Mastercard Reinvents Installments to Provide Clients More Payment Options when They Make Purchases

Mastercard (NYSE: MA) says it’s “reinventing” installments in order to give clients more payment options wherever they make purchases. According to an announcement from the payments giant, Mastercard Installments BNPL program will be introduced in the US, Australia, and the UK markets. The payments company… Read More

Strive UK, Aiming to Help Small Businesses, Launched by Mastercard

Mastercard has announced the launch of Strive UK a project designed to assist micro and smaller firms adapt to the ongoing digital transformation. An initiative created by the Mastercard Center for Inclusive Growth, the program aims to empower SMEs in the UK to succeed in… Read More

UK Fintech Form3 Acquires $160M via Series C Led by Growth Equity Business within Goldman Sachs

Form3, the platform payment tech provider, has revealed that its Series C investment funding of $160 million has been finalized. Form3‘s investment round has been led by the Growth Equity business within Goldman Sachs Asset Management and included contributions from existing investors. This brings the… Read More

One Inc, a Digital Payments Network for Insurance Sector, to Issue Claims via Mastercard Virtual Cards

To ensure that individual consumers, families, and companies have near-instant access to insurance funds to deal with unexpected situations or emergencies, One Inc, a digital payments network for the insurance sector, reveals that it intends to disburse claims via Mastercard virtual cards and Mastercard Send…. Read More

Mastercard to Acquire CipherTrace, a Top Crypto Tracking and Security Firm

MasterCard (NYSE: MA)  will acquire CipherTrace a top digital asset firm focused on tracking, data, and security, for an undisclosed amount. CipherTrace currently works with many top banks and other financial institutions to provide solutions for some of the largest banks, exchanges, and other financial… Read More

Open Banking Challenge and Hackathon, Focused on Variable Recurring Payments, to Launch this Month

Major brands in the Open Banking space have unveiled a new challenge: The VRP Hackathon. It’s organized by Open Future World, Ozone and UK Finance and supported by Accenture, Mastercard, VOLT and Worldpay from FIS. Until now, Open Banking has mainly been focused on settling… Read More

Digital Banking Platform Tonik Introduces Physical Debit Cards for Consumers in the Philippines

Philippines-based Tonik, a virtual banking platform that was recently awarded an operational license by the Bangko Sentral ng Pilipinas (BSP), has introduced a physical debit cards for its customers. Tonik bank clients are now able to order physical debit cards via an easy-to-use app, and… Read More

PayU Subsidiary Red Dot Payment Receives, Visa, Mastercard Licenses

PayU, this week announced its controlled company Red Dot Payment, a Southeast Asia-focused online payment solutions provider, has received direct acquiring licenses and connectivity to Visa and Mastercard. The expansion of PayU’s offering in South East Asia with Red Dot Payment’s direct credit card acquiring… Read More

Walgreens Introduces myWalgreens Credit Card Program, the Credit Card that “Pays Well to Stay Well”

Walgreens (Nasdaq: WBA) has rolled out the new myWalgreens Credit Card program, which  features two “industry-first” retail health and wellness credit cards that have been issued by Synchrony Bank (NYSE: SYF). The myWalgreens Mastercard and the myWalgreens card will be offering more personalized wellbeing choices…. Read More

Fintech Startups Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Others Being Supported via Mastercard Start Path

Global startup engagement program Mastercard Start Path is welcoming 11 Fintechs to receive dedicated support, access to clients and product development teams, and opportunities to engage in innovative projects. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have reportedly… Read More

Lightning Protocol Mitigates Bitcoin Network’s Deficiencies as High-Cost, Slow Settlement System like Visa does for Fed Reserve: Report

Bitcoin’s (BTC) usage growth during the last 10 years has been “strong” and “steady,” and on this journey, from its “humble” beginnings, the flagship crypto has progressed through various phases of “differing usage,” according to a new report from CoinShares. Starting as a “worthless geeky… Read More

BaaS Fintech Synapse Introduces Credit Hub, a Full-Stack API Leveraging Mastercard Network to Serve Small Businesses

Synapse, a banking-as-a-service or BaaS platform developed to increase access to “best-in-class” financial products, has introduced the Synapse Credit Hub, which is described as a full-stack API platform created to support “innovative” credit solutions for individuals and businesses, by leveraging the Mastercard network. As explained… Read More

Lloyds Bank Commercial Banking to Use Mastercard Open Banking Merchant Payment Solution to Launch PayFrom Bank

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

Reserve Bank of India Decides to Indefinitely Prevent Mastercard from Providing New Debit, Credit Cards to Locals

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

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