MasterCard has announced that it intends to purchase Pune-headquartered ElectraCard Services (ECS) from Opus Software. The terms of the deal have not yet been disclosed and the deal is expected to close sometime around the end of the second quarter of 2014. ECS provides electronic payment processing...
Nearly 70 percent of Americans carry a mobile device. It’s no wonder, then, that within the SMB world, more and more owners are depending on their mobile phones and tablets to check business accounts and transfer funds. While National Small Business Week has come to...
Small and microbusinesses are vulnerable – especially when it comes to getting credit. And in the absence of traditional forms of credit, many turn to credit cards for working capital. But 46 percent of SMBs say they don’t or can’t. MasterCard and Corporation for Enterprise...
Day Two of National Small Business Week has officially begun. Today, MasterCard and Habitat for Humanity will together launch a pilot program in Flint, Michigan that will help build houses for families who manage home-based businesses, according to a Habitat release. The initiative aims to...
Small Businesses create two out of every three jobs in the US and keep the wheels of commerce spinning. Today marks the first day of a weeklong celebration of the role of Small Business in driving this country’s economic growth engine. Ed Glassman, MasterCard’s Global...
Catchy commercials might ask you “What’s in your wallet?” but do you really know the answer? Tens of thousands of germs and bacteria could be crawling around on your beloved bills, which MasterCard research says is actually enough to potentially move consumers more quickly to...
In recognition that the future of commerce rests not only with current players- issuers, aquifers and merchants- but also with start-ups developing the next generation of solutions, MasterCard announced earlier today the launch of MasterCard Start Path, an accelerator program dedicated to helping European start-ups...
Russian President Vladimir Putin has signed into law legislation that puts major constraints on foreign card brands doing business in that country, especially Visa and MasterCard. What's the deal? Billions in security deposits if they want to do business in the country.
MasterCard announced today its first-quarter earnings for 2014. According to a company blog post, net revenue growth was 14 percent due to a “double-digit increase in both gross volume and processed transactions.” Net income also increased by 14 percent, and earnings per share rose 18...
