After almost a decade of partnership with Discover, Wal-Mart and its subsidiary property Sam’s Club have elected to enter into an agreement to make MasterCard their go-to payments network for handling all transactions on its store-branded credit cards. The switch to MasterCard comes as part...
MasterCard’s prepaid card business in the Asia/Pacific, Middle East & Africa (APMEA) region experienced a 40 percent increase in year-over-year gross dollar volume last year. MasterCard expects the momentum to continue through enhanced financial inclusion in emerging markets and increases in cross border and e-commerce...
MasterCard has appointed Anna Yip as head of its Hong Kong and Macau operations. Yip will develop MasterCard’s strategy for local markers and promote strong business alliances with customer financial institutions in the region, according to The Asset. Before joining MasterCard, Yip was a managing...
MasterCard said it was changing U.S. rules to provide greater transparency for smaller merchants.
MasterCard issuers will be able to choose and advance network relationships, and merchants will be able to continue to route transaction as desired without needing making significant technological upgrades, under a recent deal Fiserv Inc. struck with the card brand. Fiserv is making MasterCard’s U.S....
MasterCard has launched a published guide to help children and youth understand and manage their finances. The guide “Banking a New Generation: Developing Responsible Retail Banking Products for Children and Youth” is designed to help financial institutions, nongovernment organizations, and governments to provide banking and...
MasterCard today took a strong move to push out mobile-wallet technology faster globally, including its own MasterPass digital service, with the announced planned acquisition of long-time partner C-SAM, whose platform supports not just payments but also customer-specific offers, loyalty incentives, banking, bill-pay options and nonfinancial...
Consumer sentiment regarding mobile payments has improved “drastically,” as social media conversations have moved to discussions over which options should be used and which are most secure, according to a new MasterCard report. In its second annual global Mobile Payments Study, conducted with PRIME Research,...
04 March 2014 MasterCard has announced that it has expanded to seven new markets in Africa. The development raises the number of African markets that accept MasterCard to 48, the company said in a March 4 press release. MasterCard products and services are now accepted in...
