Credit cards have long been a catnip for criminals. The lure is undeniable. “Your account number is valuable — it has personal information that if someone gets a hold of, that’s how fraudsters compromise accounts and steal your money,” Pablo Fourez, chief digital officer at...
Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees. The company and Walter Merricks announced their agreement to settle the case during a Tuesday (Dec. 3) hearing before the U.K.’s Competition Appeal Tribunal (CAT), Reuters reported Tuesday....
The Mastercard Foundation has reportedly established itself as a major institutional investor following a private equity deal. As Bloomberg News reported Tuesday (Nov. 26), the foundation has for years been one of the most successful investors in the world based on the strength of its sole holding: Mastercard. But the...
Mastercard will launch an immersive shopping experience in Fort Langley, British Columbia, Canada, that aims to support small businesses. The shopping experience will include a storybook created by Mastercard as well as local stores’ storefront displays and in-store art installations that are tied to the...
Mastercard is giving cardholders a new way to enjoy live music beginning early next year. The company is expanding its live music experiences for cardholders to several concert venues across the United States, according to a Thursday (Nov. 14) press release. Through priceless.com, eligible card...
Mastercard plans to phase out the need to enter card numbers, static passwords and one-time codes when making online purchases by 2030. The company aims to make the change globally, replacing this process with a new one enabled by a combination of tokenization and biometric...
Mastercard and restaurant reservation platform TheFork are teaming up to serve cardholders a better dining experience. The multiyear partnership, which will launch next year, will enable eligible cardholders worldwide to gain access to exclusive benefits, Mastercard said in a Wednesday (Nov. 6) news release. Within...
Mastercard is collaborating with Arab regional payment system Buna to drive faster, cheaper and more transparent cross-border payments in the Middle East and North Africa (MENA) region. The partnership will bring together Mastercard Move’s money transfer capabilities and extensive network with Buna’s cross-border payment system...
Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates. CEO Michael Miebach said on a conference call with analysts: “On Halloween, well, there’s nothing spooky here.”...
