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Thumbs up for Mastercard’s new biometric card

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Mastercard has launched its latest biometric card, combining chip technology with fingerprints to verify the cardholder’s identity for in-store purchases. South Africa is the first market to test the evolved technology, with two separate trails recently concluded with Pick n Pay, a supermarket retailer, and Absa Bank, a subsidiary of Barclays Africa. According to Mastercard, […]

Top fintech stories this week – 14 April 2017

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Mastercard gets approval to buy VocaLink for $920m Deal expected to close in coming weeks. Bank of England implicated in Libor rigging by secret recording Well, it was secret. FIS sheds Ambit Private Banking business FIS inherited it […]

Quash the queue with WoraPay’s Masterpass coup

WoraPay

We all love food and drink, and mobile service WoraPay has got in-sync and integrated Masterpass, the digital payment service from Mastercard. WoraPay’s service allows customers to buy food and drink, and pay in advance with their mobile. This means customers can order their morning coffee or tea (or whisky if you have a crappy […]

Mastercard gets regulatory approval to buy VocaLink for $920m

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Mastercard has got the all clear from the UK’s Competition & Markets Authority (CMA) to acquire 92.4% of VocaLink for $920 million. The CMA gave final approval for the proposed set of remedies that address the competition concerns it identified earlier this year. As Banking Technology reported at that time, CMA gave a provisional nod […]

Mastercard AIs up future with start-ups

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Mastercard has welcomed five new start-ups to its Start Path Global programme – its initiative to boost its share of the commerce market. The programme is open to all start-ups who focus on banking and payments and have raised a “significant seed” or Series A round of investment. Three out of the five firms joining […]

Mastercard launches safer payments guide for children

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Child & Youth Finance International (CYFI) and Mastercard have released a guide on banking and payment products for minors. The “Safer Payment Products for Minors” guide offers recommended practices on how financial service providers (FSPs) can develop age-appropriate payment products for minors; promoting responsible spending and financial decision-making. Walt Macnee, vice-chairman Mastercard, says: “Today’s minors […]

Mastercard buys NuData Security for IoT spree

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Mastercard will acquire Vancouver-based biometrics firm NuData Security as it looks to make something out of the internet of things (IoT). NuData provides online and mobile anti-fraud solutions using session and biometric indicators. Mastercard will integrate NuData to its suite of fraud management and security products. Ajay Bhalla, president of enterprise risk and security for […]

US Supreme Court won’t revive settlement in interchange case

The court says no

A legal battle between merchants and payment networks over interchange fees that has been raging for more than a decade will continue now that the Supreme Court of the US has declined to restore a $5.7 billion settlement agreement that was tossed out by a lower court.

Infographics: the new £1 coin

Infographics GBP1 coin

It’s infographics time! This nifty infographics, created by Mastercard, outlines some interesting facts and figures about the new £1 coin, compared to the old one (introduced back in 1983).

Emerging payments hot topic on social media, Mastercard study finds

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Consumers are expressing interest in and enthusiasm for emerging payment methods in their social media conversations, according to a new Mastercard report. Paybefore (Banking Technology‘s sister publication) reports that Mastercard’s fifth annual Digital Payments Study analysed more than 3.5 million public interactions in 2016 between consumers on social media channels – including Facebook, Instagram and Twitter […]

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