(source: en.wikipedia.org)
Mastercard said it is expanding its First Party Trust program to tackle “friendly” fraud. Also known as first-party fraud, the term refers to genuine transactions that are challenged by cardholders, whether it’s deliberately or happens by mistake, Mastercard noted in a news release Wednesday (June...
When a shopper whips out their credit card to buy something online, they can feel a lingering worry: Will my card number get stolen by hackers or otherwise misused? That’s why tokenization, a process that hides your 16-digit number from a merchant and instead uses...
Mastercard has launched a suite of digital tools, data and educational resources designed for small- to medium-sized businesses (SMBs) in the U.S. The company’s Small Business Navigator program offers small businesses “real, actionable support,” Ginger Siegel, head of small business in the U.S. at Mastercard, said in a...
Mastercard has launched Agent Pay, its agentic artificial intelligence (AI)-driven payments program. The new offering, announced Tuesday (April 29), introduces Mastercard’s Agentic Tokens, which the company said builds upon tokenization capabilities that power global commerce solutions like mobile contactless payments, along with programmable payments such...
Mastercard CEO Michael Miebach said the payments giant is not seeing consumer spending slow down despite the consumer sentiment surveys indicating that people are worried about the economy. During a fireside chat at the Semafor World Economy Summit on Wednesday (April 23), he said that...
Mastercard has expanded two partnerships in the Middle East. These include a partnership with Emirates NBD, a banking group in the Middle East, North Africa and Türkiye (MENAT) region, and a partnership with Checkout.com in the United Arab Emirates (UAE). Emirates NBD will integrate Mastercard...
Wasn’t long ago that navigating between accounts and payment options was largely a matter of juggling between physical, digital, prepaid and credit cards, pulling them out of wallets as needed. But the rise of digitally native consumers — especially within the younger generations that have had...
Mastercard has launched credit and debit cards designed for creators and small business owners. The new Business Builder cards feature Mastercard’s core small business benefits like Easy Savings, ID Theft Protection, Zero Liability and access to Digital Doors, the company said in a Thursday (Feb. 20)...
Mastercard has begun rolling out a digitally connected credential that will allow consumers to pay with their choice of multiple payment options. The new Mastercard One Credential can let consumers choose debit, installments, prepaid or credit, the company said in a Wednesday (Feb. 18) press...