Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. “Under...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
The weather may have improved, but people are still shopping online. But what they’re buying and how much they’re spending may surprise you. In a recent podcast, MasterCard Advisors’ SVP Market Insights Sarah Quinlan caught up again with MPD CEO Karen Webster to share all...
The newest round of sanctions against Russia relating to the ever escalating conflict in Ukraine will not negatively affect Visa and MasterCard clients at Russian banks. The payment card companies have announced that they will not be blocking access to debit and credit card services...
What do giant jars of mayonnaise, value shoppers and EMV-compliant cards have in common? Starting in 2015 they will all be things one can find at a BJ’s wholesale club. The Massachusetts-based bulk store has inked an agreement with Alliance Data Systems Corporation and MasterCard...
There are five reasons why community banks are well prepared to serve the consumer of the future. One of them, says Margaret Shine, Group Head, Managed Services, Segment Solutions at MasterCard, is that they emerged from the financial crisis having the confidence of the consumer....
It’s not who you think. Of the 13M internet users in South Africa, the majority go online via their mobile devices. PYMNTS got the scoop from MasterCard’s Head of Emerging Payments for the Middle East and Africa, Aaron Oliver, to understand what makes the South...
Question. What’s the biggest misperception about MasterCard’s MasterPass mobile commerce platform? Answer. That it’s just a digital wallet. MPD CEO Karen Webster caught up with Vib Prasad, Group Head of MasterPass to chat about the platform strategy that underpins MasterPass, how it plans to keep...
The Russian government announced that in order for Visa and MasterCard to continue operating in the country without paying a huge security deposit, the card companies just need to do one thing: find a Russian payment system deemed “of national importance” to process their transactions....
