An outage caused Mastercard customers around the world to be blocked from using their credit cards. It was not clear what caused the outage, which led to a number of complaints to banks and other card issuers, from customers across much of Europe and the...
As the second payment services directive (PSD2) is set to take effect in Europe next year, Mastercard wants to test out its fingerprint-scanning cards in the U.K. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication (MFA). SCA pulls in...
To verify payment cards at the point of sale (POS), Mastercard is looking into blockchain technology. In a filing with the U.S. Patent and Trademark Office (USPTO), the company said it has devised a process to send and retrieve payment credentials through a “publicly accessible...
In the first service offered by Mastercard after integrating Vocalink last year, and with an eye on real-time payments, Mastercard Send is launching in the United Kingdom. Mastercard said in a release on Wednesday (June 6) that the payments service will make it possible for various...
To deliver routing, pricing and payment automation for freight forwarders, Mastercard is partnering with Stargo. With Mastercard’s commercial payment solutions and Stargo’s price optimization engine, freight companies can benefit from a more efficient procure-to-pay process, Mastercard announced at Money20/20 Europe. “Mastercard is committed to helping businesses pay and...
To help companies that want to jump into the artificial intelligence (AI) revolution — but are perhaps unsure where to actually start — the team at Mastercard is hoping to offer up a solution in the form of AI Express. The offering, launched today, is...
When Mastercard Send debuted three years ago, the company wasn’t thinking about B2B -- it was focused on peer-to-peer push payments and individual insurance payouts. Yet market demand soon pushed Send beyond its initial vision. Shari Krikorian, senior vice president at Mastercard Worldwide, tells PYMNTS...
When most payments people are talking or thinking about the intersection of things and payments, Mastercard‘s VP of commerce for every device, Matt Miller, noted that their mindset is typically about turning devices that consumers use today – watches, fitness trackers and even appliances – into devices capable...
Mastercard announced on Monday (May 21) the creation of Accelerate, a new initiative to drive growth in the FinTech industry. In a press release, Mastercard said the initiative is aimed at supporting innovation in the FinTech industry via tailored support arrangements that include access to Mastercard insight,...
