With one year to go before the deadline to move to ISO 20022 for cross-border payments and reporting plus (CBPR+), more than 1 million ISO 20022-formatted messages are already being sent over the Swift network every day. These messages are being sent to 220 countries and territories...
Consumers decide which payment methods are successful and drive market trends. Regardless of the market, the use case or their locations, their preferred payment methods are defined by the ease of the execution process at their merchant of choice. Merchants, of course, want to be...
This holiday season, consumers want it their way. And when it comes to the payments that fuel seasonal commerce, their way is fast, secure and flexible. Alternative payment methods (APMs), honed over the past decade by consumer expectations and rapid technological advancements, are helping meet...
Mastercard and a consumer advocate reportedly reached an agreement in principle to settle a long-running British lawsuit regarding card fees. The company and Walter Merricks announced their agreement to settle the case during a Tuesday (Dec. 3) hearing before the U.K.’s Competition Appeal Tribunal (CAT), Reuters reported Tuesday....
The Mastercard Foundation has reportedly established itself as a major institutional investor following a private equity deal. As Bloomberg News reported Tuesday (Nov. 26), the foundation has for years been one of the most successful investors in the world based on the strength of its sole holding: Mastercard. But the...
Mastercard will launch an immersive shopping experience in Fort Langley, British Columbia, Canada, that aims to support small businesses. The shopping experience will include a storybook created by Mastercard as well as local stores’ storefront displays and in-store art installations that are tied to the...
The Bank of New York Mellon (BNY) will serve as the financial agent for the Direct Express program, which provides 3.4 million Americans with a prepaid debit card to receive monthly federal benefits. The U.S. Department of the Treasury’s Bureau of the Fiscal Service said...
CFOs’ and treasurers’ offices are among the most difficult stops on the digital roadmap in finance and yet are part of the corporate C-suite that oversees the most critical function: day-to-day cash flow management. For forward-thinking corporates — and the financial institutions serving them —...
Mastercard is giving cardholders a new way to enjoy live music beginning early next year. The company is expanding its live music experiences for cardholders to several concert venues across the United States, according to a Thursday (Nov. 14) press release. Through priceless.com, eligible card...