CFOs have typically solved payments problems by buying more payments technology. A new rail for faster settlement, another provider for cross-border payments. Fraud software, treasury platforms, AP automation, virtual card capabilities, and countless APIs connecting everything. Of course, it usually then took more software to...
Bank of America’s digital platform for treasury tasks, CashPro App, was used by European companies to approve more than 100 billion euros (about $115 billion) in payments in the first seven months of the year, the bank said in a Thursday (Sept. 17) press release....
For six years, India’s United Payments Interface (UPI) has been free for everyone involved, but that’s reportedly about to change. Reuters reported Wednesday (Sept. 16) that India is set to begin charging merchants a 0.4% fee on transactions of more than 2,000 rupees ($21), known as the merchant discount...
Small businesses are putting a premium on predictability. Across more than 6,000 small and medium-sized enterprises (SMEs) surveyed in 18 countries for Mastercard’s inaugural Dreamonomics report, 68% said they prioritize stability and predictability over fast growth. Fifty-four percent said they actively avoid unnecessary financial risk....
Incoming Mastercard Chief Financial Officer Ling Hai, who assumed that role Aug. 3, outlined a growth-focused capital allocation strategy that includes frontline sales, targeted acquisition and infrastructure expansion Thursday (Sept. 10) during the Goldman Sachs 2026 Communacopia + Technology conference. Emphasizing Mastercard’s posture as a...
By 2030, more than 6 billion people could be using digital wallets. That’s according to Mastercard, which on Thursday (Sept. 10) introduced a set of solutions designed to help wallet providers offer a better user experience. Mastercard Wallet Pay is “designed to foster interoperability and innovation” for digital...
The payments industry has traditionally talked about transaction data as something companies can analyze after money moves. But card networks are now beginning to test using payment data to determine how much money can move next. On Tuesday (Sept. 8), Visa announced an initiative combining VisaNet settlement data...
Artificial intelligence may be changing where consumers decide what to buy before it changes where they pay for it. “We are seeing adoption for shopping, but not yet for autonomous payments,” Visa CEO Ryan McInerney said Tuesday (Sept. 8) at the Goldman Sachs Communacopia +...
Visa has launched a program designed to help stablecoin-linked card programs and FinTechs access working capital through on-chain lending, the company said in a Monday (Sept. 8) press release. By combining settlement data from its VisaNet payment network with on-chain credit infrastructure, Visa helps lenders...