Mastercard

Spends are 20% higher than traditional cards

The new Pune Tech Hub augments Mastercard's growing presence in India, which spans offices in Gurugram, Mumbai, Hyderabad, Bengaluru, and Vadodara

Citigroup, too, has recognized this shift, similarly enabling cross-border payments to digital wallets and other endpoints

The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year

Mastercard cardholders can tokenize their existing cards and make transactions up to Rs 5,000 using the Crest Pay application on their boAt smartwatches.

The Payment & Clearing Association of China is proposing lowering the fees charged on foreign card transactions to 1.5% from between 2% and 3%, the report said

The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private

U.S. District Judge Margo Brodie in Brooklyn told lawyers for the card networks and objectors at a hearing on Thursday that she will "likely not approve the settlement," according to court records

Mastercard said Wednesday that it expects to be able to discover that your credit or debit card number has been compromised well before it ends up in the hands of a cybercriminal. In its latest software update rolling out this week, Mastercard is integrating artificial intelligence into its fraud-prediction technology that it expects will be able to see patterns in stolen cards faster and allow banks to replace them before they are used by criminals. Generative AI is going to allow to figure out where did you perhaps get your credentials compromised, how do we identify how it possibly happened, and how do we very quickly remedy that situation not only for you, but the other customers who don't know they are compromised yet, said Johan Gerber, executive vice president of security and cyber innovation at Mastercard, in an interview. Mastercard, which is based in Purchase, New York, says with this new update it can use other patterns or contextual information, such as geography, time a

Cards are the most popular form of payment in Britain, with 27.1 billion transactions in 2022 worth 954 billion pounds

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The payments processor earned $3.31 per share on an adjusted basis, beating estimates of $3.24 a share, according to LSEG data

Currently, there is no defined interchange fee for credit lines on UPI by NPCI

The antitrust settlement announced on Tuesday is one of the largest in U.S. history. If approved by court, it would resolve most claims in a nationwide litigation that began nearly two decades ago

The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and upon court approval would resolve claims in litigation that began in 2005

Called the Airtel Payments Bank Smart Watch, the watch has NFC chip for contact less payments at Point of Sale terminals, retail outlets ,and more

This tokenisable wearable, for both debit and credit cards, has been launched by Induslnd Bank in collaboration with Mastercardand can be purchased in the form of a ring, watch clasp, or stickers

Last month, the RBI had ordered Visa to stop using an unauthorized route to make business-to-business card payments which used fintech companies as an intermediary

The Council added that the new rule would factor in countries outside of the euro-zone economic bloc