Visa and Mastercard Reach $30 Billion Antitrust Credit Card Settlement

Mar 27, 2024 03:41 am UTC| Business

Visa and Mastercard reached a monumental $30 billion settlement aimed at restricting credit and debit card fees for merchants. This action is expected to result in potential consumer savings through reduced prices. Antitrust...

Mastercard's Shopping Muse: A New Era in AI-Driven E-commerce Personalization

Dec 01, 2023 09:54 am UTC| Business Fintech Technology

Dynamic Yield by Mastercard, a digital personalization and artificial intelligence subsidiary of Mastercard, has unveiled its latest innovation, Shopping Muse. This generative AI chatbot assistant aims to revolutionize how cons...

Digital Currency Revolution

Mastercard Taps Feedzai for a Partnership Deal for Crypto Fraud Protection

Nov 21, 2023 03:07 am UTC| Business Investing Digital Currency

Mastercard Inc. announced it has teamed up with Feedzai to expand crypto fraud protection for all users worldwide. The credit card issuer is making this move to further increase its efforts in detecting and dealing with crypto ...

Walletto’s experience: how to become an Issuer of Visa and Mastercard

Nov 15, 2023 08:50 am UTC| Business

UAB Walletto is a rapidly growing Lithuanian electronic money institution, regulated by the Bank of Lithuania. It is an issuer and acquirer of Visa and Mastercard, providing SEPA and SWIFT payments for international business cu...

Mastercard, NEC Collaborate to Revolutionize Checkout Experiences with Facial Recognition Technology

Nov 15, 2023 05:15 am UTC| Business Fintech

Mastercard and NEC Corporation have partnered to bring the trust and convenience of facial recognition technology to in-store checkout. Under a Memorandum of Understanding, the partnership will leverage NECs face recognition an...

Digital Currency Revolution

Mastercard Partners with MoonPay to Unlock Web3 Capabilities in Experiential Marketing

Oct 27, 2023 05:59 am UTC| Business Fintech Digital Currency

Global payment giant Mastercard continues its exploration of cryptocurrency benefits through a new collaboration with crypto payment platform MoonPay. The partnership aims to explore how Web3 tools can improve experiential mark...

Digital Currency Revolution

Mastercard Partners with Reserve Bank of Australia for Groundbreaking CBDC-NFT Trial

Oct 13, 2023 08:55 am UTC| Economy Fintech Digital Currency Business

Mastercard and the Reserve Bank of Australia have completed a groundbreaking trial integrating central bank digital currencies (CBDCs) with Ethereum-based non-fungible tokens (NFTs), potentially redefining digital asset transac...

Mercedes Pay+ Debuts In-Car Fingerprint Payments in Partnership with Mastercard

Sep 26, 2023 09:24 am UTC| Business Economy Technology

Mercedes-Benz collaborates with Mastercard to launch Mercedes Pay+, facilitating in-car refueling payments. Using an integrated fingerprint sensor, drivers can now securely settle fuel bills directly from their vehicles. This p...

Mastercard Refutes Wall Street Journal's Claims of Rising Credit Card Fees

Sep 07, 2023 04:04 am UTC| Business Economy

In response to a Wall Street Journal article, Mastercard, the worlds second-largest payment processor, denies plans to increase merchant credit card fees, calling the report a misunderstanding of industry terminology. The ex...

Visa, Mastercard to Hike Merchant Fees with Emphasis on Online Transactions

Aug 31, 2023 01:02 am UTC| Economy Fintech Business

Visa and Mastercard plan to hike merchant fees, especially for online transactions, starting October and April, The Wall Street Journal reveals. These changes may cost merchants millions more annually, intensifying longstanding...

Digital Currency Revolution

Mastercard, Visa Terminate Partnership Deal with Binance

Aug 25, 2023 10:06 am UTC| Business Digital Currency Investing

Mastercard Inc. and Visa Inc. are two of the leading credit card providers in the world. They are used globally, and with the emergence of cryptocurrency, they have teamed up with Binance to provide crypto services to customers...

Mastercard Blocks Debit Card Transactions for Cannabis, Citing Federal Law

Jul 27, 2023 11:20 am UTC| Law Life Business

Mastercard has instructed financial institutions to halt marijuana-related transactions on its debit cards, exacerbating the plight of the already marginalized U.S. cannabis industry. This decision underlines the ongoing discor...

China’s Alipay, WeChat Pay Add Visa and Mastercard for Payments

Jul 22, 2023 07:35 am UTC| Business Economy

Alipay, the online payment platform introduced by Chinas Alibaba Group and its founder, Jack Ma, agreed to accept Visa and Mastercard payments. The countrys WeChat Pay also welcomes the said American credit card issuers to its ...

Mastercard Launches Global Card Recycling Initiative in Partnership With HSBC; Calls for Worldwide Participation

Jun 23, 2023 08:58 am UTC| Nature Economy Business

Mastercard, in collaboration with HSBC, has kick-started a global initiative aimed at recycling credit and debit cards, reducing the colossal quantity ending up in landfills. This pioneering scheme, welcoming card issuers acros...

UniCredit, Mastercard Announces Expansion of Partnership Deal to Cover More Markets

May 27, 2023 11:54 am UTC| Business Economy

UniCredit S.p.A., the second-largest bank in Italy, announced it has signed a new deal with Mastercard to expand their partnership for payments. They have agreed to offer their services to more markets and banks. As per Reut...