In recognition that the future of commerce rests not only with current players- issuers, aquifers and merchants- but also with start-ups developing the next generation of solutions, MasterCard announced earlier today the launch of MasterCard Start Path, an accelerator program dedicated to helping European start-ups...
Russian President Vladimir Putin has signed into law legislation that puts major constraints on foreign card brands doing business in that country, especially Visa and MasterCard. What's the deal? Billions in security deposits if they want to do business in the country.
MasterCard announced today its first-quarter earnings for 2014. According to a company blog post, net revenue growth was 14 percent due to a “double-digit increase in both gross volume and processed transactions.” Net income also increased by 14 percent, and earnings per share rose 18...
MasterCard posted favorable first-quarter numbers, but questions arise about pending legislation in both Russia and Europe that could affect card brands and pricing. Learn what MasterCard CEO Ajay Banga told analysts when asked about the impact to MasterCard’s future.
A quarterly report filed this month indicates that MasterCard is paying lobbyists to concentrate on “Bitcoin and mobile payments,” according to TheHill. MasterCard is the first company to officially lobby on digital currency. TheHill reported that, since Congress has shown interest in bitcoin, MasterCard’s lobbying...
The MasterCard MasterPass has already launched in over 20 countries.
Target has announced two major initiatives this morning, both with the potential to change the retailer’s immediate future significantly. Bob DeRodes will join the company as executive vice president and chief information officer (CIO). Target also released its plans to incorporate MasterCard’s Chip-and-PIN technology across...
A patent originally filed in October 2010 was assigned to MasterCard International, Purchase, NY, according to Insurance News Net. The patent was developed by a team of five members, and offers “methods for risk management” in mobile devices like smart phones that can be used...
In this exclusive series, MasterCard’s Chief Emerging Payments Officer Ed McLaughlin has spoken with MPD CEO Karen Webster about the general state of mobile commerce, its game changers, and the technology behind mobile security. In the final part of the digital discussion, McLaughlin reveals exciting...
