The world of payments has provided a new leader to the National Urban League. Tim Murphy, general counsel for Mastercard, has become the 22nd chairman of the civil rights and urban advocacy group, according to a statement from the payment card network. Murphy was elected...
Mastercard, the payments company, is taking a big stake in Network International, the payments company servicing the Middle East. According to a report in The Financial Times, Mastercard will take part in Network International’s initial public offering (IPO) in London in April by making a...
The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to...
Mastercard plans to bring cashless transit solutions to more than 20 U.S. cities in the next few years, the company said on Friday (March 22). “From mobile ticketing to digitizing commuter cards and enabling contactless payments, Mastercard has already embedded its technology in 16 metro...
In the U.S. and worldwide, counterfeiting is a large, lucrative business worth between $1.2 trillion and $1.5 trillion annually, according to the International AntiCounterfeiting Coalition (IACC). Fake fashion items and accessories alone represent a $500 billion global business per year, but counterfeiting is much bigger...
In the quest to reduce false positives and chargebacks, and boost digital commerce for consumers, Mastercard is buying Ethoca. Johan Gerber, executive vice president of security and decision products, delves into the ways the newest deal rounds out data and AI acquisitions and leads to...
Token.io, the London and San Francisco-based open banking platform company, announced news on Wednesday (February 13) that Mastercard has chosen it to provide the connectivity layer for the payment company’s open banking hub. In a press release, Token said the hub connects merchants and retailers to financial...
Mastercard has named Paul Stoddart its new president of New Payment Platforms. Stoddart, who begins his new position on March 1, will oversee the development and integration of the company’s real-time payments capabilities beyond card-based solutions, including Vocalink account-based payments, the Homesend joint venture and Mastercard...
Brex has announced that it is partnering with Mastercard to issue the World Elite Mastercard for Business, offering an enhanced rewards structure and expanded suite of travel benefits. Started in 2017 by the founders of Brazilian payments processor Pagar.me, Brex’s investors include Y Combinator Continuity,...
