Mastercard

As the U.S. plays catch-up in contactless card adoption and biometric cards gain momentum, Mastercard senses an opportunity in the convergence.

Vocalink, a Mastercard company, signed a contract with Peru’s automated clearinghouse, Cámara de Compensación Electrónica, to modernize the country’s payment infrastructure, including support for real-time payments at all times.

Mastercard and white label payment software company Cardstream are partnering to accelerate the deployment of Mastercard’s Secure Remote Commerce (SRC)-ready Masterpass wallet and its “Pay by Bank” solution.

Consumers are stuck using outdated or easily compromised means of proving their identities in a world where banks and retailers need something better. Mastercard and Microsoft are teaming up to take on this monumental challenge.

Quicken and U.S. Bank are launching a co-branded contactless credit card that will integrate with Quicken's personal finance software and mobile app.

The card is being launched in partnership with U.S. Bancorp, which will handle the underwriting and provide the credit.

The Australian government is evaluating a set of proposals to radically reform its payments industry, including abolishing interchange and opening up access for new entrants to core infrastructure.

Visa Inc., American Express Co. and Mastercard Inc. are among firms being investigated by Brazilian regulators over some rules governing use of payment networks.

American Express' progress with local officials in China regarding card payments provides a potential early advantage against rivals like Mastercard and Visa. But building a market in China has never been easy for a global card brand.

The credit card company's filings mirror patents Bank of America, Barclays and TD Bank have submitted in the past two years that focus on how funds transfers and data security would augment blockchain technology.