A new study by Mastercard and Harvard Business Review reveals that fintech has so far had a limited impact; the...
Mastercard has launched their in house content studio to help broaden the institution’s brand; the idea is to make themselves look as if they are a tech company; they have hired a content team and have already started making Storylabs in series; the move is part of a wider trend in financial services as companies like JPMorgan Chase, WealthSImple and Acorns have all been producing content; they also recently started a podcast named “Fortune Favors the Bold” by journalist Ashley Ford. Source.
Mastercard launched a set of open banking tools through Finicity, enabling b2c transactors to check user accounts before requesting an ACH.
The National Restaurant Association has asked Congress to mandate the reduction of credit card interchange fees during the current crisis;...
As most companies were trying to figure out how to handle the economic downturn Airwallex was able to raise $160mn;...
On March 28, credit startup Bilt Rewards launched for the general public, bringing their "Earn points on Rent" solution to the mainstream.
Fraud protection is a leading factor for consumers and MasterCard has recognized this demand; it has recently introduced a Decision Intelligence security platform that utilizes artificial intelligence technology; the technology uses a scoring system that seeks to reduce fraudulent charges and falsely declined transactions; the Decision Intelligence platform is one of many services the firm is using to help increase card usage and retain large client relationships. Source
In December Mastercard shared that they were working on an international digital identity which would be able to verify financial...
Mastercard is already working with names like Brex, Revolut and TransferWise; they have also announced programs in order to make...
These operations had been legally challenged by credit card companies, which currently dominate this type of activity in Chile.