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...
Mastercard has added new cardholder benefits that include offers from health and wellness, travel and lifestyle brands. The new offerings include benefits for consumer cardholders and small business cardholders, the company said in a Thursday (April 4) press release. “From savvy shoppers to ambitious entrepreneurs, Mastercard provides...
Financial services company College Ave has launched a secured credit card for college students. The new Ambition Mastercard is designed to help students 18 years and older build and establish a positive credit history, College Ave said in a Tuesday (Jan. 30) press release emailed to PYMNTS. The...
A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to begin domestic bank card clearing activity in China. The JV entity, Mastercard NUCC Information Technology (Beijing), has established standards, rules,...
Mastercard has formed a multi-year partnership with live entertainment company Live Nation. This partnership aims to provide exclusive benefits and VIP experiences for Mastercard cardholders in 19 geographies across Europe and Asia, beginning Jan. 1, the companies said in a Thursday (Nov. 2) press release. Through this collaboration,...
Artificial intelligence (AI) is seemingly everywhere, while the macroeconomic environment is constantly in flux. With those things in mind, Mastercard has expanded its consulting business to include practices dealing with AI and economics, the payments giant announced Monday (Oct. 23), while also enhancing Digital Labs, its business transformation service....
