Mastercard

Some credit unions are beginning to offer payment services via wearable technologies, but many say it will take further declines in the pricing of those items before they are widely accepted by consumers or financial institutions.

The move creates more room for developers to work on new payment types and build additional use cases.

The heat will now be on card networks to reassure consumers of card security through other methods, during the ongoing barrage of data breaches that could undermine consumers’ confidence in cards.

In a surprise move, the Supreme Court will decide whether Amex may bar merchants from steering customers to less expensive card networks. The card issuer will have to prove the consumer gain from its practices outweighs the merchant pain.

Same-day ACH debits rolled out last month, a year after same-day credits, cutting processing time for these payments from a couple of days to a few hours — but for many emerging use cases, that’s not fast enough. And debit is filling the void.

The EMV liability shift for gas pumps was postponed to 2020 last year, but cobranded fleet cards carrying the Visa or Mastercard logos still face the same counterfeit card fraud risks as any other payment card when paying for fuel away from the pump, such as at a truck stop convenience store's cash register.

Mastercard will invest $750 million in India in the next four to five years by continuing to acquire companies there, CEO Ajay Banga said this week.

Competition between card networks, tech titans Facebook and Google, Chinese fintech proxies Paytm and Hike, and M-Pesa will be fierce, and offer signs how other large emerging payments markets may evolve, writes Eric Grover, a principal at Intrepid Ventures.

Mastercard is unveiling an anti-fraud tool that’s been in development for more than three years, bringing a new way to pinpoint cards and accounts at the highest risk of fraud following data breaches.

The slow and difficult EMV migration has slowed major adoption of contactless cards, but there are signs that momentum may be turning around.

CB Bank will distribute contactless Mastercard credit cards to consumers and work with local merchants to upgrade point of sale technology.

Consumers and merchants in a digital ecosystem are changing the way people interact with each other and machines, changing payments and requiring an updated approach to security, according to Mastercard.

Mastercard is setting up a temporary store with internet-connected windows and mirrors enabling consumers to explore and pay for fashion items with their smartphones.

As long as we can create enough trust between the parties involved in a payment transaction, the system works, writes Francis Limousy, principal adviser for UL Transaction Security Advisory Services.

The directory has ways to get deeper information or contacts on Mastercard’s tokenization engine MDES, Masterpass, Mastercard Send, Qkr and mPOS providers.

Companies behind the most popular U.S. credit cards said they are severing ties with extremist organizations that incite violence after they came under pressure to stop providing ways for white supremacists groups to raise funds.

Walter Merricks, a consumer ombudsman represented by the U.K. law firm Quinn Emanuel Urquhart & Sullivan LLP, said a tribunal judge's analysis of the case was wrong.

Mastercard and Visa have also opened development centers in India, where digital payments are growing quickly.

New entrants don’t pose a disruptive threat to the incumbent cohort of issuers, credit card networks and acquirers primarily because the incumbents — Visa, Mastercard and First Data — are prepared to compete in all segments of the market.

Purchasing VocaLink has cost Mastercard more than $900 million and some regulatory headaches, but the investment has to potential to spark new payment products and facilitate the card brand's pursuit of faster processing.