Mastercard

The heads of Mastercard and Santander outlined the concrete steps their firms are taking to bring unbanked consumers into the financial system.

The problem is that, like usernames and passwords, biometrics are a static form of identity that can be exploited rather than a dynamic method that's of little use to crooks if stolen.

The main problem is that Amazon's Alexa, Apple’s Siri and Google Assistant can’t yet verify a person’s identity. But there are already workarounds for that issue — and the tech giants may solve it soon.

Spotting an opportunity to help mobile network operators in the Asia Pacific region extend payments through emerging technology, Mastercard has rolled out a package of technology services to encourage product development.

To accomplish what she has in her 10-year tenure with Mastercard, Dana J. Lorberg simply had to be two things: "I am a programmer and a girl geek."

With a foray into financial services, Amazon.com could disrupt the decades-old card payments system, a move that some say could save the retailer $250 million a year in swipe fees.

Mastercard’s relentless push to streamline payments with digital technology is affecting the structure of its entire organization.

Fiserv is rolling out a fraud-detection and decisioning service for issuers from Mastercard that aims to increase the accuracy of card transactions they approve or reject based on potential fraud.

Banks and cardholders will be able to verify purchases, increase credit limit, add cards immediately, provide feedback to retailers, receive on-demand coupons, or upgrade card benefits.

In the developing world, connecting payments to the Internet of Things could have an immediate and transformative effect on people’s lives.