Mastercard

Mastercard
Mastercard Debuts Cross-Border Services Express Tool
April 11, 2023

Mastercard has debuted a tool to help financial institutions (FIs) simplify cross-border payments. Cross-Border Services Express lets FIs set up international payments for their customers, both consumers and small- to medium-sized businesses (SMBs), which have a need for better cross-border payment capabilities, according to a...

Mastercard
Mastercard Pledges to Use All Recycled Cards by 2028
April 05, 2023

Mastercard says its days of using new plastic to make cards is near an end. The company announced in a Wednesday (April 5) press release it is speeding up its efforts to remove “first-use” PVC plastics from its payments card by 2028. “As our customers...

Mastercard
Mastercard Bolsters Cybersecurity With Baffin Bay Purchase
March 20, 2023

Mastercard has acquired security firm Baffin Bay Networks to help its business clients fend off cyberattacks. Based in Sweden, Baffin Bay “adds to Mastercard’s multi-layered approach to cybersecurity and helps to stop attacks, while mitigating exposure to risk across the ecosystem,” the payments giant said...

Mastercard
Mastercard Says Q4 Spending Lifted by Travel Rebound but Slowdown Looms
January 26, 2023

Slower volume growth is in the cards, but consumers are still spending. Mastercard’s latest earnings results show at least some nod to economic uncertainty that lies ahead, but the rise of digital payments, and contactless payments in particular, remains unimpeded. As CEO Michael Miebach noted...

Mastercard
Mastercard Expands Digital Services Through Engage Partner Network 
December 07, 2022

Mastercard has added seven technology providers to its Engage partner network.  Through the Engage network — which already included 150 partners — Mastercard connects businesses with qualified FinTechs and service providers that can deploy digital solutions at scale while leveraging the Mastercard Installments program, Mastercard...

Mastercard
Mastercard’s Digital-First Initiatives Increase Card Spend by 10%
October 27, 2022

“The headline,” Mastercard CEO Michael Miebach said, “is that consumer spending is resilient and cross-border travel continues to recover.” During the payment network’s third quarter earnings call on Thursday (Oct. 27), Miebach took note of the foundations of that resilience: Unemployment remains low, wages are...

Mastercard
Mastercard: Experiential Spending on Restaurants, Travel Keeps Rising
October 07, 2022

Americans have made double-digit increases in their spending on travel, fuel and convenience, electronics and restaurants over the last year, Mastercard reported Friday (Oct. 7) in a press release about the latest Mastercard SpendingPulse. Overall U.S. sales excluding auto gained that much as well, with...

Mastercard
Mastercard Adds New, Expanded Benefits for Small Business Cardholders
October 03, 2022

Aiming to help small- to medium-sized business (SMB) owners enhance their operations and boost their digital capabilities, Mastercard has announced several new and expanded benefits available to its SMB cardholders in the United States. In three new partnerships, cardholders can now access a variety of...

Mastercard
Retailers Bristle at Mastercard Installment-Payment Terms
August 12, 2022

A new 3% purchase-price charge from Mastercard when customers use a new installment-payment plan has angered some retailers, a Bloomberg report said, which notes that retailers will be enrolled in the program automatically but will be able to withdraw. While some retailers have objected to...