Tagged: mastercard

December 22, 2022 @ 5:16 pm By Omar Faridi  |  

According to Mastercard (NASDAQ: MQ) SpendingPulseTM, which measures in-store and online retail sales across all forms of payment, Canadian retail sales, “excluding automotive, increased +3.8% YOY, (+15.6% YO3Y) in November.” While E-commerce sales were :down this month -3% YOY, growth remains strong since pre-pandemic at… Read More

December 19, 2022 @ 8:05 pm By Omar Faridi  |  

Mastercard (NASDAQ: MQ) brings Apple Pay to its cardholders in Kuwait. Apple Pay is “providing a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the… Read More

December 18, 2022 @ 10:43 pm By Omar Faridi  |  

Secure Trust Bank has partnered with Mastercard (NYSE: MA) in order to “offer customers more choice and convenience through open banking to repay retail finance.” Open banking empowers consumers “to access, use and benefit from their financial data, and to initiate payments between any of… Read More

December 8, 2022 @ 11:34 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ) has reportedly integrated Mastercard Track™ Instant Pay, which is described as a next-generation virtual card solution that “uses machine learning and straight-through processing to enable instant payment of supplier invoices.” Marqeta says it will “become the first processor to integrate with Track… Read More

December 1, 2022 @ 4:47 pm By Omar Faridi  |  

Teampay, which claims to be the all-in-one-purchasing platform, announced it raised $47 million in Series B funding “led by existing investor Fin Venture Capital.” New investors Mastercard, Proof Ventures, Trestle, and Espresso Capital supported the oversubscribed investment round, “bringing Teampay’s total funding to $65M.” Peter… Read More

November 30, 2022 @ 7:01 pm By Omar Faridi  |  

Sabre Corporation (NASDAQ: SABR) a software and technology provider that powers the global travel industry, and Conferma Pay, a global fintech firm that specializes in payment technology, announced a new partnership with Mastercard in orrder “to accelerate the use of virtual cards for business-to-business (B2B)… Read More

November 19, 2022 @ 6:25 pm By Omar Faridi  |  

Paysend, the UK-based fintech, introduced Paysend Libre, which will “allow unbanked users in Northern Central America (Guatemala, Honduras, El Salvador) to receive remittances from the U.S. instantly to a Paysend virtual Mastercard digital card.” The virtual card is ready “to use in minutes for cash… Read More

November 15, 2022 @ 9:05 pm By Omar Faridi  |  

Brightwell, an Atlanta-based global payments technology company, announced a new cross-border payments solution, Brightwell’s ReadyRemit, powered by The Bancorp Bank, N.A., and Mastercard’s Cross-Border Services. ReadyRemit allows fintechs, businesses and program managers “to increase revenue and loyalty by offering a user-friendly, cross-border payments solution that… Read More

November 12, 2022 @ 3:18 pm By Omar Faridi  |  

Globally, rising inflation, a higher cost of living, and slower wage growth are impacting the lives of people right around the world. A recent report suggested that many consumers are turning to physical cash to help manage their finances amid the cost-of-living crisis. But Muhannad… Read More

November 10, 2022 @ 8:19 pm By Omar Faridi  |  

Cash, check or charge? How “quaint.” The way we move money — and what we consider money — has “changed dramatically over the last decade,” according to an update from Mastercard (NYSE: MA). The use of cash is “declining, and personal checks are largely on… Read More

November 8, 2022 @ 11:07 pm By Omar Faridi  |  

AstroPay, the online payment solution of “choice” for millions of users worldwide, is pleased to launch its new product in Brazil, a Mastercard prepaid card. This move will “provide both new and existing AstroPay customers with the ability to pay in any store that accepts… Read More

November 3, 2022 @ 12:27 pm By Omar Faridi  |  

McAfee Corp., a global player in online protection, announced an exclusive partnership with Mastercard (NYSE: MA), a global technology company in the payments industry, “to offer Mastercard personal and small-medium size business cardholders access to online protection solutions.” In 2021, 83% of organizations “reported experiencing… Read More

October 30, 2022 @ 8:21 pm By JD Alois  |  

While Africa is frequently overlooked in regard to tech development, Fintech is one sector that has boomed in the continent. A recent report distributed by Mastercard highlights the growth of innovation in financial services in the region, calling it a “funding powerhouse.” The report notes… Read More

October 30, 2022 @ 12:50 pm By Omar Faridi  |  

BitOasis, the cryptocurrency platform for the Middle East & North Africa (MENA) and Mastercard (NYSE: MA), have partnered “to launch a series of crypto card programs in the region that will facilitate day to day usage of cryptocurrencies at points of sale and across ecommerce platforms.”… Read More

October 25, 2022 @ 3:45 pm By JD Alois  |  

Payments Fintech CleverCards has announced that it has integrated with Mastercard Processing Europe, as part of its recent partnership with Mastercard. This now allows digital Mastercards to be downloaded from the CleverCards platform. Ireland-based CleverCards explains that this card integration now enables payment administrators in… Read More

October 24, 2022 @ 7:08 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JKHY) announced an expansion of its existing relationship with Mastercard that will “enable credit unions and banks to provide their accountholders the ability to securely see all of their financial accounts – within and outside their primary financial institution – in one… Read More

October 17, 2022 @ 4:58 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is expanding its commitment to small and medium enterprises (SMEs) with a new program in its global startup engagement program, Start Path, “specifically tailored to companies supporting the digital needs of SMEs.” The startups that will be selected for the Start Path… Read More

October 17, 2022 @ 10:50 am By JD Alois  |  

Mastercard (NYSE:MA) has partnered with leading digital asset platform Paxos to offer crypto trading to banking firms. According to a statement by Mastercard, “Crypto Source” is a new feature that provides an option for traditional financial services to offer crypto trading services. Walter Hessert, Head… Read More

October 11, 2022 @ 5:56 pm By Omar Faridi  |  

The protections and purchasing power of contactless payments took a step forward as Mastercard (NYSE: MA) announced the approval of the first cards for issuers that are compatible “with the new EMVCo contactless specifications designed to protect against attacks from both traditional and quantum computers.” Quantum… Read More

October 6, 2022 @ 4:05 pm By Omar Faridi  |  

During the pandemic, online grocery orders “rose by more than 50% and are expected to rise further this year,” according to McKinsey research. More than ever, people “make day-to-day purchases online, choosing quick commerce merchants that offer speed and convenience.” As people open new accounts… Read More