Mastercard has introduced a new suite of benefits aimed at experience-seeking consumers. The Mastercard Collection, announced Wednesday (July 16), is available across the company’s World, World Elite and newly created World Legend Mastercard cards, offering rewards on things like dining, entertainment and travel. “Time well-spent...
A new analysis from PYMNTS reveals that consumer payment behavior is largely driven by entrenched habits and the nature of the purchase, with distinct patterns emerging between everyday transactions and more specialized purchases like travel. The recent “How People Pay” eBook, based on November 2024...
Open banking, and specifically pay by bank, promises to transform commerce by letting consumers make purchases and funds transfers directly from their accounts. But as PYMNTS Intelligence has demonstrated over the course of several months and several reports, though the payment option promises faster fund...
The Bank of England has fined Mastercard-owned Vocalink $16.2 million for inadequate risk management. The penalty, announced Wednesday (July 9), relates to the failure of the company — which provides real-time payments in the U.K. — to comply with governance weaknesses identified by the central...
Venmo has introduced a line of college-branded card designs for its debit Mastercard. The new co-branded Venmo Debit Cards — launched in partnership with the Big 12 Conference — will allow students, alumni and fans from participating schools unlock rewards and exclusive access while also celebrating...
Worldpay now supports domestic acquiring capabilities in Thailand, marking another expansion of the company’s global reach. This move enables global merchants to serve local consumers with their preferred payment types, the company said in a Thursday (July 3) press release. Together with card acquiring, Worldpay...
Frictionless commerce has increasingly been the holy grail of online and in-store commerce. Embedded payments, integrated into platforms, are visible, and require a moment of click-through and interaction. Invisible payments happen in the background, with nary a hint of consumer effort. Uber is the typical...
Stripe has teamed with open banking provider TrueLayer to expand its pay-by-bank offering. The two companies had collaborated to launch a pay-by-bank offerings in the U.K., and will now bring that partnership to France and Germany, TrueLayer announced Wednesday (July 2). “By offering a direct pay by bank payment method,...
Mastercard has expanded its startup engagement program with a focus on cybersecurity. The company’s Start Path initiative now includes a “Security Solutions” program dedicated to supporting startups in the fields of cybersecurity, fraud mitigation, digital identity and payment resiliency, Mastercard said in a Tuesday (July...