Tag: Mastercard

Mastercard expands digital first card programme in North America


Directly addressing today’s generation, who does everything – from ordering meals to scheduling doctor’s appointments – on their mobile phones or online, Mastercard today announced the expansion of its Digital First Card Program in North America.

Mastercard is partnering with payment processors including CoreCard, FIS, Fiserv, Galileo, i2c, Marqeta, PTS and TSYS, a Global Payments Company, to provide them with the foundational digital guidelines that will enable consumers to experience a best-in-class digital banking experience, including near-instant access to card information, the flexibility to shop with ease, and the peace-of-mind to securely transact, among other benefits.

Together with Mastercard, these players will work with issuing banks to ensure the foundational requirements of the Digital First Card Program are met, which has been built to deliver an optimal and secure consumer experience by focusing on four key areas:

  • Online Application: Enables consumers to apply online and receive card information
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Mastercard picks Koffee as new brand ambassador in Jamaica

KINGSTON, Jamaica – Mastercard today announced that it is partnering exclusively with Grammy winning reggae artiste, Koffee, as its official brand ambassador in Jamaica. Under this partnership, Koffee and Mastercard will build awareness about digital payments and educate consumers and merchants about the convenience, wide acceptance, and safety and security features of Mastercard electronic payments options.

“Koffee is one of Jamaica’s youngest and most gifted musical talents and she remains grounded, humble and finds time to give back to the community. The decision to partner with her was an easy one for us here at Mastercard as her authenticity, creativity and spirit of philanthropy are aligned with our own values,” said Marcus Carmo, head of marketing and communications for the Caribbean division at Mastercard.

“We are thrilled to have Koffee joining us – as a consumer and our brand ambassador – to experience all the security and convenience of our

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Dunkin’ To Test Mastercard Checkout-Free System

As merchants attempt to fulfill the demands of customers for expediency and less person-to-person contact, Dunkin’ and sports venue hospitality stands are experimenting with a new Mastercard checkout-free payment technology, The Wall Street Journal (WSJ) reported.

Mastercard is debuting its Shop Anywhere technology in the last quarter of 2020, which is created with the computer vision infrastructure of Accel Robotics.

Food and beverage stand operator Delaware North intends to test Shop Anywhere in Q4. The firm is working with sports leagues to make sure it experiments with the infrastructure in places that will have contests and spectators in 2020.

“Guests and fans coming into a stadium environment now want to quickly and safely get in and out with little to no wait times on entry and exit,” Delaware North Chief Information Officer Jeffrey Wilkinson said in the report.

Dunkin’ Brands is piloting the

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PayPal, Mastercard Expand Debit Card Offering

In today’s top payments news around the world, PayPal and Mastercard are adding more European Union (EU) countries to a debit card offering, while European Central Bank (ECB) President Christine Lagarde has called for a digital euro. Plus, the State Administration for Market Regulation in China has fined Luckin Coffee and other firms.

PayPal, Mastercard Add 5 EU Countries To Debit Card Offering

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to additional companies in Europe. The firms said the card is now available in Spain, Ireland, Italy, Austria and France beyond its availability in the U.S., Germany and the United Kingdom. Small companies can have instantaneous access to their PayPal funds and unlimited 0.5 percent cash back on qualified spending with the debit card.

ECB’s Christine Lagarde Pushes For Digital Euro

ECB President Christine Lagarde advocated for the digital euro

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Mastercard to Pledge $500M To Help End Financial Inequity in Black Communities

The struggle is long lived, and has a way to go. However, more citizens, and companies are realizing America has perpetuated racial discrimination, and inequality. Those becoming aware are speaking on behalf of Black Lives Matter, and corporations like Mastercard are helping Black communities get an equal shot with a $500 million investment over the next five years.

The program is designed to help Black entrepreneurs, and residents get equal access to financial support to fund products, services, and technology. Vice chairman & president, Strategic Growth for Mastercard, Mike Froman says they have always focused on financial inclusion, but the current push for equality has refocused their efforts.

Mastercard will take on several projects across the nation, including he L.A. Mayors Fund and Accelerator for America. These particular funds will help L.A. residents impacted by coronavirus and increase banking relationships in the Black and African American community.

During the coronavirus

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Mastercard Announces Fintech Express to Empower MEA Fintechs to Launch and Expand Rapidly

  • Mastercard’s new Fintech Express program provides tailor-made solutions that boost market entry and expansion for regional fintechs
  • The program supports digital payment innovators by making it simple to collaborate with Mastercard and its extensive partner network to launch new fintech products
  • Mastercard Fintech Express enables participants to create new tech alliances designed to propel fintechs from concept to market in a matter of days

Dubai, UAE – 23 September 2020: Mastercard has launched Fintech Express in the Middle East and Africa, a program designed to facilitate emerging fintechs’ launch and expansion. Leveraging the power of partnerships and Mastercard’s expertise, technology, and global network, startups will now be able to focus on innovation that drives the digital economy.

Mastercard Fintech Express is designed for all types of fintechs: established fintechs wanting a direct license from Mastercard; as well as fintechs with the ambition to innovate through collaborating with ready-to-go Mastercard Engage

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Mastercard launches Fintech Express | ZAWYA MENA Edition

Mastercard has launched Fintech Express in the Middle East and Africa, a program designed to facilitate emerging fintechs’ launch and expansion as well as support digital payment innovators.

Leveraging the power of partnerships and Mastercard’s expertise, technology, and global network, startups will now be able to focus on innovation that drives the digital economy.

• Access: Enabling regulated entities to obtain a Mastercard License and access Mastercard’s network through a streamlined onboarding process

• Build: Fintechs as Processors/Enablers can become an Express Partner by building unique tech alliances and benefitting from all the advantages that Mastercard provides

• Connect: Fintechs/Start-ups, looking to add payment solutions to their suite of products, can easily connect with qualified Express Partners available on the Mastercard Engage web portal, and go live with Mastercard in a matter of days

The program supports digital payment innovators by making it simple to collaborate with Mastercard and its

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Mastercard opens Apple Card digital-first card-issuing model to processors

Mastercard is making the much-admired Apple Card-like experience—nearly instant access to a payment card issued on the spot through a mobile device—available through mainstream and digital card processors.

The Purchase, N.Y.-based card network hinted last year that Apple Card’s streamlined model would not remain exclusive.

Now processors including FIS, Fiserv, TSYS, Galileo, Marqeta, i2c and PTS are adopting Mastercard’s tokenized Digital Card First Program for their card issuers, Mastercard said in a Wednesday press release.

The move comes about a year after the Apple Card launched from Goldman Sachs on Mastercard’s platform, introducing a combination of streamlined features including an online application, near-instant issuance and activation, in-app account management and an optional physical card.

Apple Card was first announced in March 2019 and it has been a hit with credit card customers, according to Goldman Sachs and Apple, though the companies have not disclosed the number of accounts or their

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Mastercard Expands its Digital First Card Program Amid Growing Demand for Digitally Driven Money Management Solutions

The MarketWatch News Department was not involved in the creation of this content.

Directly addressing today’s generation, who does everything – from ordering meals to scheduling doctor’s appointments – on their mobile phones or online, Mastercard today announced the expansion of its Digital First Card Program in North America. Mastercard is partnering with payment processors including CoreCard, FIS, Fiserv, Galileo, i2c, Marqeta, PTS and TSYS, a Global Payments Company, to provide them with the foundational digital guidelines that will enable consumers to experience a best-in-class digital banking experience, including near-instant access to card information, the flexibility to shop with ease, and the peace-of-mind to securely transact, among other benefits.

Together with Mastercard, these players will work with issuing banks to ensure the foundational requirements of the Digital First Card Program are met, which has been built to deliver an optimal and secure consumer experience by focusing on four key areas:

Read More

PayPal, Mastercard Add 5 EU Countries To Card

PayPal and Mastercard are bringing the PayPal Business Debit Mastercard to more businesses in Europe. The companies said in a Wednesday (Sept. 23) announcement that the card is now available in France, Austria, Italy, Ireland and Spain beyond its current availability in the United Kingdom, Germany and the United States.

Small businesses can have immediate access to their PayPal funds and unlimited 0.5 percent cash back on all of their eligible spending with the debit card. They can spend funds kept in their PayPal accounts at more than 52 million Mastercard acceptance locations globally.

The debit card doesn’t have foreign exchange fees or monthly charges, while it has a flat ATM fee of 2 euros ($2.34) globally.

The pandemic has created hurdles for even the most financially strong small companies, and the expansion of the debit card’s availability occurs as business owners throughout

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