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...
There is no doubt that the Target breach was the catalyst for igniting EMV in the US. But why did it take such an extreme event to move merchants and issuers into an EMV frame of mind? In a recent podcast interview, MPD CEO Karen...
TSYS company ProPay has announced the release of EnsureBill, a new service that allows merchants to streamline the maintenance process associated with the storage of customer data. The new system makes it easier to update customer information for recurring billing, auto-shipments, subscriptions and other functions....
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...
Last week Vantiv, Inc. announced that it had completed its acquisition of the payment technology firm Mercury Payment Systems, LLC. Vantiv paid $1.6 million in cash for the payments company. The move is expected to help Vantiv in its goal to strengthen and expand high-growth...
Mobile is the tool of choice for consumers and merchants as they meet at the intersection of on and offline commerce. But how to best use this powerful tool in pursuit of an omnicommerce vision is the subject of much debate and experimentation. Some retailers...
