Tagged: mastercard

Melbourne based Fintech Archa, which Provides Business Credit Cards, was Granted Prinicipal Issuing Membership by Mastercard

Melbourne-based Archa, a company providing a corporate credit card that’s “built around your business, keeping you in control,” has revealed that it was granted principal issuing membership of Mastercard. The Archa team notes: “This is a significant, mission-critical milestone for us as we continue to… Read More

Bengaluru based Fintech Startup Walrus Is Launching Personalized Debit Card for Teenagers to Encourage Better Money Management

Bengaluru based Fintech startup Walrus is launching a personalized debit card for teenagers. The company says it wants to help teens become financially “smart” from a young age so that they are able to effectively manage their finances as they get older and have more… Read More

Mastercard Says its AI and Machine Learning Solutions Aim to Stop Fraudulent Activites which have Increased Significantly due to COVID

Ajay Bhalla, President, Cyber and Intelligence Solutions, Mastercard, notes that artificial intelligence (AI) algorithms are part of the payment company’s “first line of defense” in protecting over 75 billion transactions that Mastercard processes on its network every year. Bhalia recently revealed the different ways that… Read More

Mastercard, IDEMIA, MatchMove to Test Fingerprint Biometric Card in Asia to Improve Security of Contactless Payments

Mastercard, IDEMIA, and MatchMove will be piloting a fingerprint biometric card in Asia in order to improve the security and safety of contactless payments. According to a release, Mastercard will be partnering with IDEMIA, which offers “Augmented Identity” solutions, and MatchMove, a Singapore-based Fintech firm…. Read More

Wirex Announces Multicurrency Mastercard Card Waitlist

Following the closing of its highly successful Crowdcube campaign, payments platform Wirex has announced the waitlist for its Wirex multicurrency card. Wirex reported that the card is part of its plan to become the ultimate cryptocurrency platform. The waitlist also comes just a few months… Read More

British Retail Consortium Accuses Mastercard and Visa of Charging Excessive Fees during COVID-19 Pandemic

Visa and Mastercard are being accused of charging “excessive” fees during the COVID-19 crisis. British retail groups are claiming that the scheme fees being charged by the payment companies have nearly doubled during the past 2 years. Retail groups in the UK have noted that… Read More

Digital Banking Provider Monese Announces New Strategic European Partnership With Mastercard

  Pan-European digital banking provider Monese announced on Monday it has formed a new European strategic partnership with financial giant Mastercard. Monese reported that through the collaboration, it will become a principal Mastercard issuer. While sharing more details about the partnership, Norris Koppel, Founder and… Read More

Mastercard Reports 40% Increase in Contactless Payments Since January 2020, Digital Tech Adoption on the Rise Following COVID

The COVID-19 outbreak has accelerated the shift towards the increased use of all-digital platforms and services by consumers across the globe. Ajay Bhalla, president of Cyber and Intelligence for Mastercard, says that the “new normal” is not a new development anymore and that we need… Read More

Mastercard Expands Strategic Global Partnership With Marqeta

Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, and Mastercard announced on Thursday they have extended global partnership to expand into new geographies, open access to new products, and launch additional card programs together. The duo reported they… Read More

UK Fintech Currensea Is Offering a New Debit Card for SMBs that Leverages Open Banking

UK-based Fintech firm Currensea has introduced a new product for small businesses. The company is offering a debit card for SMBs that aims to leverage the benefits of Open Banking, so that it’s easier to carry out digital transactions. Currensea’s debit card allows SMEs to… Read More

Coinbase Enables Real-Time Card Withdrawals via Visa Direct Capability for Bitcoin (BTC), Ethereum (ETH), Other Digital Assets

Eddie Lo, Product Manager at US-based crypto exchange Coinbase, notes that one of the “defining characteristics” of digital currencies is that they can be “transacted instantly, anywhere, anytime.” Although this might not be true given the relatively high Bitcoin and Ethereum transaction fees and relatively slow… Read More

UK Fintech JudoPay Partners Mastercard to Support Adoption of Touch-Free or Contactless Payments

UK-based Fintech firm JudoPay, which offers a mobile-first payment platform, has teamed up with Mastercard in order to promote the adoption of touch-free or contactless payment methods. JudoPay’s management noted that Mastercard would be helping the Fintech company with its expansion into the UK, Europe,… Read More

Mastercard Is Asking Businesses to Upload Company Logos to Ethoca, a Fraud Prevention Platform, to Improve Dispute Resolution Process

Payments giant Mastercard is planning to encourage businesses to load up their logos to a website that’s being managed by Ethoca, an online fraud prevention platform. Mastercard is hoping to improve the dispute resolution process by having merchants upload their official logos to the site…. Read More

UK Fintech Modulr Becomes Principal Issuing Member of Mastercard, Will Now Offer More Seamless Digital Payments Solutions

Myles Stephenson, the CEO at UK-based Fintech firm Modulr, says he’s pleased to announce that the financial service provider has become a principal issuing member of Mastercard. As explained by the company, this means that their products are “further embedded” in key financial infrastructure and… Read More

eMoney Issuer PFS Partners With the Government of Jersey to Support COVID-19 Stimulus Program

Prepaid Financial Services Limited (PFS), a European eMoney issuer, announced on Thursday it has formed a partnership with the Government of Jersey for a COVID-19 stimulus program. PFS will enable its spend local prepaid Mastercard initiative with 105,000 cads.  PFS further reported that all eligible… Read More

Crypto Executives Comment on Mastercard’s CBDC Testing Platform

  Mastercard revealed this week that it has launched a central bank digital currencies (CBDCs) testing platform. The goal is to enable central banks to test national digital currencies. Many central banks are testing or investigating CBDCs including China’s digital yuan that is currently being… Read More

Mastercard Partners with Qatar Development Bank to Support Development of Nation’s Fintech Sector

Payments giant Mastercard has teamed up with the Qatar Development Bank (QDB) in order to support the ongoing development of the nation’s Fintech sector. Through the partnership, Mastercard and QDB will support the Qatar Fintech Hub (QFTH), which is a technology ecosystem that aims to… Read More

Mastercard Unveils Central Bank Digital Currencies Testing Platform

  Mastercard announced on Wednesday it has launched a central bank digital currencies (CBDCs) testing platform to enable central banks to assess and explore national digital currencies. According to Mastercard, CBDCs are designed to be equivalent in value to a nation’s paper currency and subject… Read More

U.S. Fintech Jifiti Teams Up With Mastercard to Scale Point of Sale Installments Offering

Jifiti, a U.S.-based point of sale (POS) financing platform, announced on Tuesday it has joined forces with Mastercard to scale its point of sale installments offering to provide more options for consumers at checkout. Jifiti reported its platform is fully integrated using Mastercard’s Application Programming… Read More

Mastercard to Allow Consumers to Split Transactions into Small Installments through its Partnership with TSYS, a Global Payments Firm

The global COVID-19 pandemic has led to significantly more consumers looking for better and flexible payment options, meanwhile, payment card issuers and merchants are focused on providing cardholders with the best choices, control and simplicity at the time of checkout. Payments giant Mastercard (NYSE: MA)… Read More

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