Mastercard has moved into point-of-sale financing with the acquisition of Vyze, a FinTech firm the payment card network calls an “an end-to-end platform that facilitates financing options for merchants’ customers at checkout.” Announced Tuesday morning (April 16), the deal gives Mastercard a new role in...
It used to be all about the “what.” Issuers designing credit card rewards programs focused on the features that would move that card to the top of the wallet: the most points, the best cashback, the coolest offers, you name it. In a world in...
Here’s a bit of heresy for 2019: Data’s not everything. Sure, data often gets called the oil of the digital age — and data, as a commodity, has an economic, political and cultural value as massive as all those hydrocarbons gathered from beneath the planet’s surface....
The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard, has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Murphy was elected...
Mastercard, the payments company, is taking a big stake in Network International, the payments company servicing the Middle East. According to a report in The Financial Times, Mastercard will take part in Network International’s initial public offering (IPO) in London in April by making a...
The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to...
Mastercard plans to bring cashless transit solutions to more than 20 U.S. cities in the next few years, the company said on Friday (March 22). “From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro...
In the U.S. and worldwide, counterfeiting is a large, lucrative business worth between $1.2 trillion and $1.5 trillion annually, according to the International AntiCounterfeiting Coalition (IACC). Fake fashion items and accessories alone represent a $500 billion global business per year, but counterfeiting is much bigger...
In the quest to reduce false positives and chargebacks, and boost digital commerce for consumers, Mastercard is buying Ethoca. Johan Gerber, executive vice president of security and decision products, delves into the ways the newest deal rounds out data and AI acquisitions and leads to...
