Mastercard is upgrading its open banking for lending program, powered by employment/income verifier Argyle. The new features, announced Tuesday (Aug. 13), lets Mastercard offer income and employment coverage to the estimated 95% of the U.S. workforce who are paid through direct deposit. “Securing a loan...
The future of payments and commerce gets closer every day. So close, in fact, that they are becoming intertwined — and embedded. In an era where technology integrates with daily life, the concept of embedded finance is reshaping payments and financial services while transforming both...
Mastercard said Tuesday (June 11) that it aims to make the experience of using a card online more like that of using one in store. The company is working to phase out manual card entry for eCommerce by 2030 in Europe, replacing it with a...
Mastercard will add new open banking-powered solutions that make it easier for consumers to automatically switch their direct deposits and update their recurring bill payments. These capabilities will result from the integration of Deposit Switch and Bill Pay Switch with Mastercard’s Open Banking platform and...
Mastercard has welcomed six startups to its Start Path program focused on improving payment acceptance. “The ability to accept electronic payments has been critical to shaping the future of commerce and spurring the secular shift to digital — unlocking new use cases and enhancing expectations...
Mastercard is introducing a card issuance function for its FinTech Express platform. The payments giant made that announcement Thursday (April 25) as part of a broader rollout of enhancements to FinTech Express and its Engage program. The idea, the company said in a news release, is...
Mastercard is bringing an artificial intelligence (AI)-driven, partnership approach to detecting and preventing identity and payments scams before they can result in victimizing consumers. The company announced on Wednesday (April 24) a new product suite and several cross-industry partners to combat the use of AI to...
Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options...
Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core Payments; Commercial and New Payment Flows; and Services, the company said in a Tuesday (April 9) press release. “These changes will...
