Mastercard and Citi are expanding their relationship to grow the City Possible network by putting their collective resources to work for the good of local residents and small businesses, according to a press release on Thursday (Oct. 7). City Possible, Mastercard’s partnership and co-creation framework...
With a goal of supporting more than 5 million micro and small businesses worldwide struggling to transition to digital, Mastercard — through the Center for Inclusive Growth — on Wednesday (Sept. 22) announced the debut of Strive, a worldwide effort focused on bolstering small businesses...
Mastercard announced that Executive Chairman Ajay Banga will retire on Dec. 31, 2021, with current Lead Independent Director Merit Janow filling in as non-executive independent chair of the board, effective next Jan. 1. The move represents “a thoughtful and intentional executive transition announced in February...
Mastercard has jumped on the non-fungible token (NFT) bandwagon. The credit card company on Thursday (Sept. 16) announced a raffle for cardholders in the United Kingdom to win the company’s first NFT, created in collaboration with professional soccer manager and former player José Mourinho. Mourinho, the...
Mastercard is at the center of a class action lawsuit topping £10 billion ($14 billion), the largest of its kind in the U.K., Reuters and other news outlets reported on Thursday (Aug. 19). If successful, 46 million people would be entitled to about £300 pounds...
The State of Arizona will be using a new provider for electronic payment cards (EPCs) for unemployment insurance and child support payments, a press release says. The Arizona Department of Economic Security (DES) has announced it will be transition EPC payments from Bank of America...
Mastercard has rolled out a new Start Path global startup engagement program, which will work with digital assets, blockchain and cryptocurrency companies, according to a press release emailed to PYMNTS. The goal is to grow digital asset technology and make it safer for both customers...
Barclaycard Payments has agreed to become a part of the Mastercard Track Business Payment Service, providing its clients with new services at a future point in 2021, according to a Thursday (July 22) announcement emailed to PYMNTS. The open-loop network streamlines and digitizes the setup...
Mastercard plans to bolster its card program for digital currency wallets and exchanges by streamlining the way partners change digital currency into fiat currency. The firm and its partners will pilot this new functionality by working with Circle, Paxos Trust Company and Evolve Bank & Trust,...
