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India’s fintech valley gets pally with Mastercard for smart city plan

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Mastercard has partnered with the Andhra Pradesh government in India to bring its digital payments into the Fintech Valley Vizag’s smart city plan. Under the agreement, Mastercard will help Andhra Pradesh in its ambitions to be a cashless society and develop the city concept. Mastercard president and CEO Ajay Banga says it can do this […]

Mastercard launches predictive tool to combat card fraud after data breaches

Mastercard

On the heels of Equifax’s massive data breach that compromised 143 million identities, Mastercard has launched Early Detection System, which alerts banks to high-risk cards and accounts that are exposed in security incidents or data breaches.

Hawk Incentives launches Mastercard prepaid incentive card for mobile wallets

Haw Incentives

Hawk Incentives, a Blackhawk Network business that provides rewards and incentive solutions, has unveiled a new open-loop Mastercard prepaid card that can be added to major mobile wallets.

Mastercard and Swarovski launch VR shopping

Mastercard VR

Mastercard and Swarovski have teamed up to launch a virtual reality (VR) shopping app for the Atelier Swarovski home décor line. The app immerses consumers in a home, where they can browse and purchase the pieces with Masterpass, reports Paybefore (Banking Technology‘s sister publication). This new shopping app highlights the value of the pieces, the story behind the inspiration, the complex […]

Stack taps Mastercard for challenger mobile banking app

Stack

There’s a new fintech challenger in town. Toronto-based Stack has partnered with Mastercard ahead of the beta launch of its mobile financial services app and companion prepaid card.

Payments industry steps up to help Hurricane Harvey victims

Hurricane Harvey 2017

Several payments companies have announced efforts to help the victims of Hurricane Harvey in Texas and Louisiana, including monetary donations, interchange fee waivers and m-POS equipment.

Mastercard and Commonwealth Bank work for financial inclusion in Indonesia

Indonesia

Commonwealth Bank and Mastercard are working together to improve financial inclusion for Indonesian women with a focus on business owners.

Mastercard pumps up payments with Fitbit’s first smartwatch

Mastercard

Mastercard is bringing its contactless payments to Fitbit’s first smartwatch, Fitbit Ionic.

Plaintiff appeals UK Competition Appeal Tribunal decision in £14bn suit

Mastercard

Former financial ombudsman Walter Merricks is appealing the UK’s Competition Appeal Tribunal’s decision not to certify his claim in a proposed £14 billion ($18.2 billion) class action lawsuit against Mastercard over interchange.

Fintech earnings round-up: 31 July 2017

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Several major payments companies have released Q2 earnings, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.

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