Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into national domains, Financial Times (FT) reported on Sunday (Feb. 2). The worldwide move from cash to electronic payments has triggered privacy concerns among...
Mastercard’s drive to scale digital payments across the ecosystem has led the payments network to find new ways to help FinTechs participate in this mission through its Accelerate program, giving tech-nimble startups the tools and access they need to scale quickly. In an interview with...
In order to accelerate the use of electronic payment options in Asia, Mastercard has invested in merchant commerce platform Pine Labs, according to a press release. The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online...
The Rockefeller Foundation, along with the Mastercard Center for Inclusive Growth, announced their new platform data.org today in Davos. The site will be a dynamic platform for data science partnerships committed to improve the field’s social impact. The philanthropy organizations also revealed today a $10...
Mastercard has launched a new center called the Intelligence and Cyber Centre in Vancouver, Canada, focused on speeding innovation in artificial intelligence (AI), cybersecurity and Internet of Things (IoT), according to a release. The Vancouver center, which will create 380 jobs, is going to be...
In the best of partnerships, each member contributes strengths and expertise to create a whole that is greater than the sum of its parts. The partnership model — for example, card networks linking up with FinTechs — can bring such outsized firepower to digital innovation...
Retail in recent years has become a very data-intensive industry. In his keynote address to the National Retail Federation (NRF) earlier this week, Microsoft CEO Satya Nadella said the industry as a whole throws off 40 terabytes of data an hour. That’s both a tremendous...
As 2020 gets into full swing, artificial intelligence (AI) is in a peculiar position. It’s like that cool new kid everyone knows is coming to the party but has yet to show up. You can bet on its arrival during the 2020s though — at...
Mastercard has released its first sonic-integrated music single, the company announced in a release Tuesday (Jan. 7). “As experiences increasingly define the brand in the eyes of the consumer, Mastercard is designing consumer journeys that cater to the senses and reinforce the brand in new...
