Continuing the industry’s migration of business payments and expense management to digital platforms, Mastercard announced today (April 18) that it is bringing its commercial cards to mobile wallets. The move comes in the form of a mobile virtual card app engineered to provide financial institutions with options...
Mastercard realigned its organizational structure to support its strategic priorities and position itself for “the next era of growth.” The realignment centers on three teams: Core Payments; Commercial and New Payment Flows; and Services, the company said in a Tuesday (April 9) press release. “These changes will...
Mastercard has added new cardholder benefits that include offers from health and wellness, travel and lifestyle brands. The new offerings include benefits for consumer cardholders and small business cardholders, the company said in a Thursday (April 4) press release. “From savvy shoppers to ambitious entrepreneurs, Mastercard provides...
Financial services company College Ave has launched a secured credit card for college students. The new Ambition Mastercard is designed to help students 18 years and older build and establish a positive credit history, College Ave said in a Tuesday (Jan. 30) press release emailed to PYMNTS. The...
A Mastercard joint venture (JV) entity received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to begin domestic bank card clearing activity in China. The JV entity, Mastercard NUCC Information Technology (Beijing), has established standards, rules,...
Mastercard has formed a multi-year partnership with live entertainment company Live Nation. This partnership aims to provide exclusive benefits and VIP experiences for Mastercard cardholders in 19 geographies across Europe and Asia, beginning Jan. 1, the companies said in a Thursday (Nov. 2) press release. Through this collaboration,...
Artificial intelligence (AI) is seemingly everywhere, while the macroeconomic environment is constantly in flux. With those things in mind, Mastercard has expanded its consulting business to include practices dealing with AI and economics, the payments giant announced Monday (Oct. 23), while also enhancing Digital Labs, its business transformation service....
Mastercard has chosen tokenized assets solutions company company Fluency to help it speak the language of CBDCs. The collaboration, announced Friday (Aug. 18), is designed to capitalize on rising interest in central bank digital currencies (CBDCs), and puts Fluency in the company of other Mastercard...
New payment flows and Click to Pay transactions surged for Mastercard in the second quarter of 2023 as consumers and businesses continued to turn to digital channels as their spending remained buoyant. Earnings materials from the company detail that global gross dollar volumes swelled by 12% to $2.3 trillion. In...
