Mastercard

BVNK's technology enables traditional currency and stablecoins to work together, and will enable the card network to improve distribution for clients that use digital assets.

The card network hopes to increase revenue from non-card payments and is tapping two major technology trends.

Visa is using AI agents to streamline payment disputes, while Mastercard launched "digital executives" for small businesses.

Fintechs and the technology behind cryptocurrency are becoming popular, putting trillions in transaction value at risk for banks, according to Accenture.

Stripe has expanded its Shared Payment Tokens, a foundational building block to protect agentic commerce, to work with Visa and Mastercard's tokens. It's also added Affirm and Klarna.

In separate arrangements, Mastercard is working with SoFi and Visa is working with Bridge to build scale in anticipation of greater demand for the digital asset.

The Olympics are boosting spending in Italy, large-in-part thanks to Americans. In the U.K., Barclays is reportedly leading a meeting to seek support for an existing project. The meeting comes against the backdrop of geopolitical concerns and the dominance of American-based payment firms.

The card network is enabling organizations to monitor risk systems and receive grades and plans of action for improvement.

The president has called for a 10% interest rate cap and endorsed the Credit Card Competition Act. Michael Miebach expressed strong opposition to the CCCA while expressing concern about a cap's potential impact on access to credit.

The card network's Start Path engagement program is scouring the technology world for entrepreneurs working on the new form of artificial intelligence.

With fintechs and legal cases pressuring payment fees, the card companies are leaning more on revenue from other sources.

The card network and bank technology seller partnered to expand AI protocols, while British payment companies face tougher fee disclosures but looser rules for contactless transactions. That and more in the American Banker global payments and fintech roundup.

The card networks have entered a series of partnerships in Europe and Asia amid signs of growing demand and Apple's waning control over the underlying technology.

The card networks entered separate partnerships to tap the remittance market, while the French payment company continued its turnaround strategy following regulatory and economic challenges.

Companies such as Google, Visa and Mastercard are building a framework that will allow AI agents to shop and make payments. There are signs that consumers are warming to the idea.

Following a judge's rejection of a 2024 settlement with merchants, the card networks are offering a slightly higher interchange reduction and easing card acceptance rules. It's the latest attempt to end a legal fight that's two decades old.

During Thursday's earnings call, CEO Michael Miebach said the payment company is partnering with large technology firms and offering consulting for the emerging form of artificial intelligence, attempting to expand a strategy to draw revenue beyond card processing.

In an expanded partnership announced Monday, the card network and payment fintech will enable hundreds of millions of consumers and tens of millions of merchants to use new forms of artificial intelligence for shopping and payments.

Revolut receives a banking license, while SumUp introduces its payments hardware. That and more in the American Banker global payments and fintech roundup.

Merchants alleged the major card networks illegally conspired to shift fraud liability onto them with the adoption of EMV chip technology.