Visa and MasterCard are trying to find new ways to work around Chinese regulation that prevent the foreign card companies from processing yuan transactions. While Chinese consumers can use foreign cards, currently they are allowed to do so for the clearance of foreign currency, as...
The Fed says that prepaid card payments are the fastest growing non-cash payment method in the U.S. Ron Hynes, Global Head of Prepaid Solutions for MasterCard tells PYMNTS.com why and, more importantly, what’s next for the future of prepaid.
For all of you bitcoin fanatics who also love MasterCard, some good news arrived this week. MasterCard filed a patent earlier this week that would potentially incorporate bitcoin into its design for a planned global online shopping cart. Titled ‘Payment Interchange for Use With Global...
MasterCard’s “Priceless” branding is designed to remind consumers that using a MasterCard product delivers benefits that go well beyond the act of making a purchase. Winning in the affluent market, says Diana Robino, Senior VP Global Affluent Products at MasterCard, starts with a focus on...
New research supported by MasterCard not surprisingly shows most merchants would like all card brands to be forced to cap how much they charge for acceptance, not just bankcard brands. Who wouldn’t want their costs reduced? But under current pending legislation, such “three-party” networks as...
April showers bring May flowers … and consumer spending, as it turns out. MasterCard SVP Sarah Quinlan tells MPD CEO Karen Webster that spending by consumers remains strong, fueled by travel and increased spend in a retail category that may surprise you. Listen in to...
MasterCard announced that it has released its Ukash Travel Money Prepaid card designed to give UK tourists the best possible foreign exchange rate this summer, according to a company release. Launched by Ukash, a payments innovator, there are no charges for sign-up, transactions, or ATM...
MasterCard and eNett International announced earlier this week that they had extended their international partnership, and plan to redefine travel payments globally. According to a joint company statement, the two organizations have worked with travel agents, airlines, hotels and travel wholesalers to fine-tune their payments...
Russian President Vladimir Putin reportedly has signed amendments to a recently enacted law that make it easier for MasterCard and Visa to remain operating in that country. Specific details, remain sketchy, and there may be a $3 billion string attached to the deal.
