MasterCard said it was changing U.S. rules to provide greater transparency for smaller merchants.
MasterCard issuers will be able to choose and advance network relationships, and merchants will be able to continue to route transaction as desired without needing making significant technological upgrades, under a recent deal Fiserv Inc. struck with the card brand. Fiserv is making MasterCard’s U.S....
MasterCard has launched a published guide to help children and youth understand and manage their finances. The guide “Banking a New Generation: Developing Responsible Retail Banking Products for Children and Youth” is designed to help financial institutions, nongovernment organizations, and governments to provide banking and...
Why limit banking alerts to one-way notifications with customers? A new service from Monitise PLC gives customers a chance to communicate back – right away. Monitise today announced the launch of Alerting+, a next generation consumer-alerting and engagement service. Financial institutions using the service can...
During an interview in late January, Discover Financial Services CEO David Nelms suggested the company soon may enter the student loan refinance. Speaking with American Banker, Nelms confirmed that Discover was considering the move. ”I do think it’s likely that we’ll be launching a [student...
Virtual Piggy, developer of the youth-oriented online wallet Oink, says the Discover Network will power its service. The company will launch the updated service in the U.S., followed by launches in Europe and Asia later in 2014, according to a company statement. “Discover and Oink...
MasterCard today took a strong move to push out mobile-wallet technology faster globally, including its own MasterPass digital service, with the announced planned acquisition of long-time partner C-SAM, whose platform supports not just payments but also customer-specific offers, loyalty incentives, banking, bill-pay options and nonfinancial...
Consumer sentiment regarding mobile payments has improved “drastically,” as social media conversations have moved to discussions over which options should be used and which are most secure, according to a new MasterCard report. In its second annual global Mobile Payments Study, conducted with PRIME Research,...
If there ever was a perfect system that could provide the ideal interaction between consumers and merchants or banks, it starts with how the consumer feels during the transaction process. But it’s actually what happens behind the scenes that ensures the experience is not...
