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Consumer spending rises despite inflation: Mastercard

August 8, 2022

Via: Payments Dive

Mastercard’s calculations did not adjust for inflation, so some of the rise in spending found in the report can be attributed to surging prices for consumer goods and services. And as for e-commerce retail sales, the report noted that consumers […]


News

Mastercard shakes off Russia concerns, inflation woes

April 29, 2022

Via: Payments Dive

Despite worries about Russia’s invasion of Ukraine, inflation hitting a multi-decade high and an unexpected slowdown in the U.S. economy, Mastercard Chief Executive Michael Miebach on Thursday struck an optimistic note about the card company’s prospects, given a pick-up in […]


News

McDonald’s sells AI tech firm Dynamic Yield to Mastercard

December 21, 2021

Via: Marketing Dive

This spinoff isn’t surprising, as franchisees have complained in the past that Dynamic Yield didn’t deliver the sales boost they expected and that its technology failed to meet expectations. Dynamic Yield was McDonald’s largest acquisition in roughly 20 years. “The […]


E-payment & Security, Technology

Will Amazon’s war of words with Visa backfire?

November 19, 2021

Via: Payments Dive

The war of words between Amazon and Visa is heating up. First came the announcement that the Seattle-based retailer would no longer accept Visa credit cards originating in the United Kingdom as of Jan. 19 because of a dispute over […]


E-payment & Security, Technology

Mastercard plans payments push

November 11, 2021

Via: Payments Dive

Mastercard outlined ambitious growth targets for its payments business at a presentation for investors and Wall Street analysts on Wednesday. Mastercard expects its core card business to grow annually at about 9% during the next few years. It estimates the […]


E-payment & Security, Technology

Mastercard to launch new buy now, pay later service

September 30, 2021

Via: Retail Dive

While some legacy companies have said in the past that they didn’t need to jump on the BNPL bandwagon, clearly Mastercard’s announcement shows the worldwide trend is now taking on board even major legacy companies. Purchase, New York-based Mastercard said […]


E-payment & Security, Technology

FIS links with NYDIG to offer Bitcoin services

May 6, 2021

Via: Payments Dive

Jacksonville, Florida-based FIS ranked last year as the second-largest processor of payments for merchant transactions via the two biggest U.S. credit card companies, Visa and Mastercard, according to the industry research firm Nilson Report. The volume was about $700 billion. […]


E-payment & Security, Technology

Durbin targets Visa, Mastercard fees at antitrust hearing

March 12, 2021

Via: Payments Dive

Senate Majority Whip Dick Durbin zeroed in on America’s two big credit card companies, Mastercard and Visa, for criticism at a congressional hearing on antitrust issues Thursday, again warning the companies about high fees. At the antitrust subcommittee hearing of […]


E-payment & Security, Technology

Crypto app BitPay adds Apple Pay support to its prepaid MasterCard

February 12, 2021

Via: Apple Insider

BitPay, a cryptocurrency payment service provider, has announced that its prepaid card now supports Apple Pay for in-store, in-app, and online payments. Users of the service can now add the BitPay Prepaid Mastercard to their Apple Pay wallets. The card […]


News

Adobe Updates Experience Cloud, MasterCard Acquires SessionM & More News

October 25, 2019

Via: CMSWire

Adobe has announced enhancements to its Experience Cloud, which includes its customer experience, advertising and analytics software. The updates in software come in Adobe’s Data Science Workspace, its product recommendations offerings, retail sales forecasting and its people-based destinations solution. The […]


E-payment & Security, Technology

Tesco Bank and MasterCard Form Mobile Pay Partnership

June 14, 2016

Via: itCurated

MasterCard has announced a strategic partnership with Tesco Bank that will aim to enhance the mobile and digital payments options available to customers at the retailer, as well as identifying and delivering new safe and secure digital payment solutions for […]