Mastercard Inc. is offering concessions in an effort to defuse the European Union’s antitrust concerns about its planned acquisition of Nets Group, the Scandinavian payment firm, Reuters reported. Mastercard filed its latest intentions with the European Commission, the executive branch of the EU, on Tuesday...
Mastercard and the Bank of Shanghai announced businesses anywhere in the globe can now send payments to China more efficiently. Under Mastercard Cross-Border Services, commercial customers will be able to transfer money to any bank in China, reduce transaction costs, and get real-time exchange rates...
Mastercard Inc. is promoting the use of sustainable credit cards, helping issuers in more than a dozen countries offer cards made from recyclable, bio-sourced, chlorine-free, degradable and ocean-safe plastics. The New York-based, multinational financial services (FI) company said the industry currently produces 6 billion cards...
Mastercard, responding to the burgeoning cryptocurrency space, has updated its Accelerate program to help make it easier for partners to bring cards to the market, according to a press release. The Accelerate program works to provide a streamlined entry point to the Mastercard range of...
Mastercard has introduced new tools designed to help small businesses drive online commerce, the company announced Wednesday (June 8). As businesses try to attract customers to their online and brick-and-mortar stores, Mastercard expanded ShopOpenings.com, an online search tool that tells which shops are open, bringing...
Citi has become the latest financial giant to step forward to boost a rising nonprofit dedicated to minority and women-owned small businesses hit hard by the coronavirus crisis and the economic downturn. Starting Wednesday (July 1), Citi and Mastercard together will donate a few cents...
Mastercard and Norwegian financial technology (FinTech) company EedenBull have agreed to expand their partnership to the Asia Pacific region, the firms announced Monday (June 29). Under the terms of the new deal, Mastercard will support EedenBull’s product development and digital services. The announcement comes a...
While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. (through free market competition), on these shores the strategy of getting there seems to be settled in favor of acquisitions. Specifically, payments giants are buying up data...
Mastercard Inc. has signed a deal to buy Finicity, the Salt Lake City, Utah, provider of real-time access to financial data, for $825 million, Mastercard announced on Tuesday (June 23). Finicity shareholders have an opportunity for an earn-out of up to an additional $160 million if...
