Visa and Mastercard, two of the world’s largest credit card networks, and banks that issue cards with these companies, have agreed to settle an antitrust case lasting almost 20 years initiated by merchants.
The new Mastercard report focuses on key trends and opportunities to digitize remittance transfers in Latin America and the Caribbean where cross-border money transfers grow by 10% annually.
Mastercard announced the scaling of its solutions designed for international payment transactions.
Smart Subscriptions plugin leverages Mastercard Subscriptions Control solution, introduced in 2023, that allows consumers to cancel, pause and resume their subscriptions.
The new core benefit program from Mastercard is aimed at select U.S. debit and prepaid products, designed to streamline and secure account opening with open banking capabilities.
Amazon and Mastercard are among dozens of participants in a new initiative by the United States government aimed at providing security for artificial intelligence.
Mastercard, which is one of the largest players in the payment industry, announced the creation of its artificial intelligence model.
Mastercard announced the launch of the Mastercard Biometric Authentication Service, a solution designed to enhance security and provide maximum convenience for consumers.
The extended multi-year partnership prolongs Mastercard’s role as the exclusive instant payments software provider for TCH’s RTP network, enabling partners to integrate new instant payment use cases.
To support healthcare providers and insurance companies in dealing with claim approvals and payouts, Mastercard is introducing a medical claim payment solution in partnership with one of the leading financial institutions in India and Remedinet, a cloud-based health tech platform.
Mastercard specialists are currently working on creating an artificial intelligence tool designed for use by small business owners.
Mastercard has partnered with 4thWave, a provider of an innovative digital platform for finance and banking as a service (BaaS), to optimize business-to-business (B2B) payment flows.
The Eastern Bank, located in Dhaka, Bangladesh, has unveiled the world’s first biometric metal card, set to transform the banking experience for its EBL customers starting in early 2024.
Mastercard SpendingPulse estimated that this year’s holiday in-store and online retail sales grew 3.1% year over year.
Alchemy Pay has entered into a strategic partnership with Worldpay acquirer to enhance its fiat-crypto payment gateway with credit and debit card functionality.
A proposed cap on cross-border interchange fees charged by Visa and Mastercard aims to avoid businesses overpaying after Brexit eliminated fee limitations applied in the EU.
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