Mastercard plans to expand its settlement capabilities to give issuers and acquirers more choice in how and when they settle transactions. The new capabilities will include stablecoin, intraday, holiday and weekend options, the company said in a Wednesday (June 3) press release emailed to PYMNTS....
Watch more: Monday Conversation With FIS’ Jim Johnson There was a time when issuer processing was defined by what happened after the sale. Approve the transaction. Move the money. Reconcile the ledger. Manage the exception. It was essential plumbing invisible to the consumer, disconnected from...
Watch more: What’s Next in Payments With Maverick Payments’ Guy DiMaggio For all the discussion surrounding modernization in payments, the industry still depends on infrastructure built long before real-time commerce, embedded finance and API-driven integrations became standard expectations. And the question continues as to whether...
Consumers under pressure are not retreating from checkout so much as rewriting the rules of how they get there. That is one of the broader signals in “The New Checkout: Crimped Consumers Lean Into Online Retail and Digital Wallets,” a PYMNTS Intelligence report based on...
Watch more: What’s Next in Payments With The Clearing House’s Pat Antonacci Legacy infrastructure provides more than a channel for institutions handling trillions of dollars each day. In a payments environment increasingly shaped by real-time expectations, digital wallets and artificial intelligence, scale, regulation and reliability...
China’s Alipay has launched what it calls “the world’s first AI Wallet and Token Pay to power agentic economy.” The company announced this offering Tuesday (May 26) as part of a new artificial intelligence (AI) payments infrastructure for companies ranging from AI firms to traditional retailers. “While...
Mastercard says it is renewing its digital payments partnership with CIB, Egypt’s largest private-sector bank. The collaboration will see Mastercard support CIB with things like core digital payments capabilities and card issuance, letting the bank deliver “secure, seamless, and efficient payment experiences for consumers and...
Mastercard is asking some of Brazil’s largest payment processors to pay half the cost of its losses from the failure of Banco Master, Bloomberg reported Friday (May 22). Banco Master’s FinTech Will Financeira issued cards that used Mastercard’s network, and Will’s collapse left Mastercard on the hook to reimburse merchant...
Scams have become the fastest-growing threat to payment security, Visa said in a new report. Criminals have shifted their focus to deceiving humans rather than exploiting technical system compromises because core payment security continues to strengthen, the company said in a Wednesday (May 20) press...