MasterCard announced that it has selected the first class of 7 European start-ups to develop innovative commerce solutions as part of the inaugural MasterCard Start Path accelerator class, according to a company release.
China’s DHgate recently integrated and deployed MasterPass into its B2B eCommerce platform, becoming the first merchant in that country to go live with MasterCard’s digital-wallet service. In doing so, it has enabled a simplified online-payment process for its cross-border customers, 90 percent of whom pay...
Today, MasterCard is launching a ground-breaking program in Nigeria with the cooperation of the Nigerian government. This program uniquely combines a national ID card with electronic payments. Daniel Monehin, MasterCard’s Division President for Sub-Saharan Africa, sat down with MPD CEO Karen Webster to discuss why...
Not surprisingly, credit card issuers are attracted to consumers who not only use their cards often and spend a lot, but who also pay on time. When the latest recession hit, many issuers weeded out their riskiest cardholders, but many who remained in their portfolios...
Developing economies such as the Middle East, Asia, and Africa are all poised for massive growth as cash goes digital and consumers embrace mobile. As different as these markets are, they have one common theme: consumers are driving the change. MasterCard’s CEO of ElectraCard Services...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. “Under...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
The weather may have improved, but people are still shopping online. But what they’re buying and how much they’re spending may surprise you. In a recent podcast, MasterCard Advisors’ SVP Market Insights Sarah Quinlan caught up again with MPD CEO Karen Webster to share all...
The newest round of sanctions against Russia relating to the ever escalating conflict in Ukraine will not negatively affect Visa and MasterCard clients at Russian banks. The payment card companies have announced that they will not be blocking access to debit and credit card services...
