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...
Amazon customers in 12 countries across North America, Latin America, the Middle East and Europe will have their stored credit card credentials tokenized, Mastercard announced Wednesday (June 17). By replacing a shopper’s card number with a token, payment information is unique to each individual transaction...
In the midst of the pandemic, businesses and governments are grappling with decisions that often must be made on the fly. The right data can help them get some certainty that unprecedented efforts — stimulus programs and the great shift to digital among them —...
Mastercard‘s new Recovery Insights tool will attempt to help businesses and governments assess data during the pandemic in order to make smarter decisions, according to a press release. The tool will attempt to help an array of businesses, including airlines, restaurants, banks, governments and other...
As challenging as the environment has been over the last 10 weeks or so, the pain points that have presented themselves aren’t necessarily new. As Mastercard Senior Vice President of Digital Payments Silvana Hernandez told Karen Webster in a recent conversation, the recent difficulties weren’t...
Mastercard and technology solutions firm Enel X are teaming up after winning a competitive bid to develop a FinTech and cybersecurity innovation lab in partnership with the government of Israel and the Israel Innovation Authority (IIA). The new lab in Be’er Sheva, Israel will work...
