Tag: Mastercard

Mastercard partners with Signzy for global rollout of video KYC

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Mastercard today announced a partnership with Signzy, a leading RegTech startup based in India, to enable Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.

With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users.

Deployment of Video KYC will allow end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99% faster than the traditional paper-based KYC process. Backed by artificial intelligence (AI) and machine learning (ML) technologies, Signzy’s Video KYC solution features security protocols to prevent unauthorized system intrusion or attempted fraud. Further, the solution offers industry-leading scalability to deal with high volumes of video KYC transactions.

In India, this launch will further Mastercard’s goal to drive inclusive growth via financial inclusion by enabling individuals and small businesses to go online. Earlier this year, the payments technology

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Mastercard, Signzy Tie Up for Faster KYC Process Completion

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Mastercard Incorporated MA recently collaborated with India-based RegTech startup — Signzy. The startup is best known for offering a digital onboarding solution, which eases the otherwise time-consuming KYC (Know Your Customer) process for clients, which comprises more than 90 financial institutions of India including banks, NBFCs, insurance firms, asset management companies and many more as well.

With this alliance, Mastercard’s customers will be able to avail Signzy’s remote and secure onboarding solution — Video KYC. The solution, which is equipped with artificial intelligence (AI) and machine learning (ML) technologies, will enable faster completion of KYC application by customers from the comfort of their homes. Not only does Video KYC feature security protocols to avert fraudulent activities but it is also capable of handling enormous volumes of video KYC transactions.

It is worth mentioning that the solution also enables paperless customer onboarding, which will actually accelerate the KYC process by 99%

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Mastercard partners Indian start-up Signzy for global rollout of Video KYC

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Mastercard, a global technology company in the payments industry, has partnered with Signzy, a RegTech startup based in India, for global rollout of Signzy’s video-based KYC (Know Your Customer) solution for its banking customers.

With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure onboarding solution for end-users. It maybe recalled that Reserve Bank of India (RBI) had in January this year amended its KYC norms allowing banks and other lending institutions regulated by it to use Video based Customer Identification Process (V-CIP), a move which will help them onboard customers.

Signzy’s Video KYC solution will enable end-users to complete and submit their KYC application from the safety and security of their homes. This would be 99 per cent faster than the traditional paper-based KYC process. Signzy is an Artificial Intelligence-powered Robotic Process Automation platform for financial services.

Financial inclusion

In India, this launch will further

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The Zacks Analyst Blog Highlights: Mastercard, JPMorgan, Eli Lilly, Caterpillar and Anthem

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For Immediate Release

Chicago, IL – October 12, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Mastercard Incorporated MA, JPMorgan Chase & Co. JPM, Eli Lilly and Company LLY, Caterpillar Inc. CAT and Anthem, Inc. ANTM.

Here are highlights from Friday’s Analyst Blog:

Top Analyst Reports for Mastercard, JPMorgan and Eli Lilly

The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Mastercard, JPMorgan Chase and Eli Lilly. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Mastercard shares have outperformed the Zacks Financial Transaction Services

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Mastercard: Building The Modern Payments Landscape

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For most consumers, change is a funny thing. It can be almost impossible to get a consumer to let go of an ingrained habit under normal circumstances. But pushed by the pressure of an unusual circumstance to do something a different way, it’s amazing how quickly a new habit can grow up in the space an old one left behind. That’s a lesson Sherri Haymond, Mastercard’s executive vice president of digital partnerships, has had the opportunity to witness professionally — and experience personally — over the past half year.

“Before [COVID-19] I was not an avid Instacart user, because I actually like going to the grocery store. I think it’s fun. There’s an element of discovery I like,” Haymond told Webster in a recent digital discussion. “But to have the convenience and the safety of delivery through something like Instacart — for me,

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Mastercard: Double-Digit Growth For Over A Decade – Priceless (NYSE:MA)

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Investment Thesis

Mastercard’s (MA) network is a critical part of the payments infrastructure across the globe, providing support for various types of digital and mobile payments, both of which are expected to grow rapidly in the coming years. But Mastercard is also helping to shape the future of real-time payments – another space that is expect to grow quickly. Mastercard’s essential role in these markets, combined with its exceptionally profitable business model, makes this stock a compelling long-term investment.

Mastercard’s Business Model

Mastercard is one of the largest payment networks in the world, behind Visa (V) and China-based UnionPay. It has over 2.2 billion payment cards in circulation, which are accepted in over 210 countries (and territories) by over 37 million merchants.

Mastercard, like Visa, is an open network – it processes payments, but does not issue cards. Instead, it works with other financial institutions that issue cards branded with

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Top Analyst Reports for Mastercard, JPMorgan & Eli Lilly

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Friday, October 9, 2020

The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Mastercard (MA), JPMorgan Chase (JPM) and Eli Lilly (LLY). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Mastercard shares have outperformed the Zacks Financial Transaction Services industry in the year to date period (+17.4% vs. +5.5%). The Zacks analyst believes that Mastercard’s strategic acquisitions, alliances and technology upgrades, along with product-diversification and geographic-expansion initiatives augur well for the long-term.

The company has undertaken several acquisitions to supplement organic efforts and diversify revenues over the years, which has helped expand its addressable markets and strengthen core product solutions. It is gaining from an increased demand for digital

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Mastercard Incorporated to Host Conference Call on Third-Quarter 2020 Financial Results

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Press release content from Business Wire. The AP news staff was not involved in its creation.

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PURCHASE, N.Y.–(BUSINESS WIRE)–Oct 9, 2020–

On Wednesday, October 28, 2020, Mastercard Incorporated (NYSE: MA) will release its third-quarter 2020 financial results. The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time.

The financial results will be posted on the company’s website at investor.mastercard.com. The company will issue an alert over a news wire when the earnings materials are publicly available, including a link to those documents.

Conference Call Details:
U.S. dial-in: (833) 714-0894
International dial-in (outside the U.S.): +1 778 560 2664
U.K. local dial-in: 02035478612
Conference ID: 2393503

A replay of the call will be available for 30 days and can be accessed below:
U.S. dial-in: (800) 585 8367
International dial-in (outside the U.S.): +1 416 621 4642
Conference ID: 2393503

A

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Mastercard (MA) Invests in Marqeta for Global Expansion

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Mastercard Inc. MA made an undisclosed investment in the fintech company named Marqeta, which instantly issues cards and processes card payments with its open Application Programming Interface (API) platform.

The financial technology startup helps young companies including digital-only issue payment cards. These cards can be both virtual and physical debit or credit cards. Apart from issuing its own cards, the company enables businesses to process credit and debit card payments.

Since 2010, Marqeta quietly established itself as the underlying tech provider for businesses and digital-only banks in issuing them payment cards. As the entity looks to expand internationally and sign up customers around the globe, it received a strategic investment from Mastercard. The infusion of cash will streamline the company’s global network certification process, which is crucial since it determines the providers who can process payments through Mastercard’s network. The two companies have been working together since 2014 in Europe

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Mastercard: Touchless, Caring Economies Help P2P

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Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez, senior vice president of digital payments at Mastercard, told PYMNTS.

Hernandez added that while there was no way to predict or prepare for the pandemic, she’s pleased that the existing payments infrastructure was in place for consumers to leverage — particularly during these challenging times — and able to handle surges in use.

“Since the beginning of COVID-19, we have been seeing P2P services and platforms growing in terms of adoption and usage, and I think it’s mainly because of two factors,” Hernandez said.

Staying Home And An Aversion To Cash

Hernandez said the first P2P catalyst is consumers’ view of “cash being dirty.” Rightly or wrongly, they view it

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