Mastercard and technology solutions firm Enel X are teaming up after winning a competitive bid to develop a FinTech and cybersecurity innovation lab in partnership with the government of Israel and the Israel Innovation Authority (IIA). The new lab in Be’er Sheva, Israel will work...
RiskRecon, a Mastercard firm, is offering complimentary cybersecurity assessments through the end of the year to assist Canadian small businesses in keeping their operations safe during the pandemic. Mastercard said in an announcement Monday (May 11) that many small businesses in the country are transitioning their...
As the coronavirus pandemic continues to disrupt worldwide economies and everyday life, Mastercard vows to connect 1 billion people and 50 million micro-businesses to the digital economy by 2025. In addition, the company will offer tools to 25 million female entrepreneurs to fuel business growth. ...
Mastercard has appointed Mark Barnett as president of its European business headquartered in Brussels. He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Mastercard’s European businesses cater to more than 950 million people via business...
As nations put limitations into place to support social distancing in February and March, Mastercard reported that a significant share of consumers tapped into contactless payments for purchases. Seventy-nine percent of respondents in a global study indicated that they are now tapping into contactless payments,...
Recognizing that Main Street is being hard hit by the coronavirus pandemic, Mastercard committed $250 million over the next five years to support small- to medium-sized businesses (SMBs), according to a press release. The announcement came during the virtual America CARES Small Business Relief event...
U.K. Finance, a trade association representing the payments and finance industry, announced in a press release that the U.K. would raise the contactless pay limit from £15 ($17.43) to £45 ($52.29) in response to the coronavirus, which has sent waves of disruption through the world’s...
While paper checks are increasingly passing into the realm of consumers’ memory, there are certain niches where they have managed to hold on, even as the rest of the world tries rather adamantly to move on. It is not so much affection keeping checks around...
A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on to the role of Executive Chairman, a position now held by Richard Haythornthwaite, on Jan. 1,...
