When it comes to paying bills online, banks have come up short in speed and transparency — and customers can’t always use cards if they want. So, they defect to billers. Mastercard is debuting its Bill Pay Exchange — a digital, mobile conduit for automatic reminders...
Mastercard has been awarded a patent for a proposed blockchain system that would support multiple types of currency. According to Coindesk, the patent describes how a firm may need to store different types of transaction data on the same platform, which is difficult to do...
Mastercard is providing increased peace of mind for World and World Elite cardholders, announcing on Tuesday (Oct. 9) two new benefits for those customers. In a blog post, the payment company said it is launching a Hotel Stay Guarantee, which enables cardholders who have experienced any...
When Mastercard launched Send in 2015, the focus was on making it easy to move money quickly between businesses and people using the debit card as the proxy. Send doesn’t just work with Mastercard branded cards, either, Jess Turner, executive vice president of digital payments at...
To help make more informed authorization decisions, KeyBank is turning to Mastercard Decision Intelligence. The system, which uses artificial intelligence (AI), will allow KeyBank to increase the accuracy of real-time approvals of genuine transactions and will help enhance the cardholder experience, Mastercard said in an announcement. “We...
Microsoft Pay announced that it now supports Masterpass by Mastercard. Consumers can now use their Microsoft account for fast and secure checkouts at retailers that accept Masterpass without needing to reenter their information. “We are deeply committed to powering a secure and optimized shopping experience...
Since the migration to EMV in the largest card market in the world (the U.S. in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Once cards became significantly harder to clone, fraudsters took their...
An outage caused Mastercard customers around the world to be blocked from using their credit cards. It was not clear what caused the outage, which led to a number of complaints to banks and other card issuers, from customers across much of Europe and the...
As the second payment services directive (PSD2) is set to take effect in Europe next year, Mastercard wants to test out its fingerprint-scanning cards in the U.K. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication (MFA). SCA pulls in...
