Mastercard

Co-branded credit card share likely to double by FY28: Visa's Rishi Chhabra

Spends are 20% higher than traditional cards

Mastercard opens new Tech Hub in Pune to drive growth and innovation

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

Citigroup, Mastercard team up on cross-border debit card payments

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

Mastercard to buy Recorded Future for $2.65 bn to bolster intelligence

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

RuPay, Mastercard, Visa – Choose Your Own Credit Card Network!

Contactless payments: Mastercard and boAt bring tap-and-pay to wearables

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

China asks Visa, Mastercard to reduce bank card transaction fees: Report

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

Mastercard-backed fintech firm Pine Labs weighs $1 bn IPO in India

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

Visa, Mastercard $30 bn settlement to limit card fees for merchants at risk

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

AI to help Mastercard find compromised cards before criminals can use them

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

Britain's regulator seeks to rein in Mastercard and Visa fees on retailers

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

Amnex and Mastercard collaborate to make payments in transit quicker and more convenient

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Mastercard March quarter results: Net revenue rises 10% to $6.35 billion

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

Know more about interchange fee as NPCI considers policy change for UPI

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

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard

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

Mastercard, Visa reach $30 billion settlement over credit card fees

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

Tap-and-Pay: Noise launches watch in partnership with Airtel Payments Bank

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

IndusInd Bank launches Indus PayWear, an all-in-one tokenisable wearable

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

RBI tightens norms for credit, debit cards used with business accounts

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

EU council adopts euro instant payments rules to take on Visa, Mastercard

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