MasterCard has announced three blockchain APIs to accelerate independent developers' use of MasterCard's technology; the API sets facilitate implementing blockchain nodes/servers, defining 'smart contracts' using MasterCard's technical language and executing transactions on its 'Fast Pay' network; MasterCard is targeting applications in P2P payments, trade finance and supply chain. Source
Mastercard is the latest company to be added to OnStar Go, a cognitive mobility platform where drivers can browse stores and restaurants and purchase directly on their dashboard; get gas and pay for it without getting out of the car; after its launch in July, Masterpass is currently available in 33 markets, with plans to expand into 36 by the end of this year; the new dashboard will be deployed across two GM vehicles in the US by 2017; "The global momentum we're achieving with banks, merchants and consumers is proof-positive of our efforts to create simple and secure digital payment experiences anywhere consumers want to shop," said James Anderson, Executive Vice President of Digital Payment Products at Mastercard. Source
Facebook is launching a WhatsApp-based digital payments service for the messaging app’s 120m Brazilian users; users will be able to...
China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive...
Announced today, the MasterCard Foundation is partnering with the Center for Financial Inclusion (CFI) at Accion on a $4.4 million initiative to promote more robust consumer financial protection laws around the world; CFI's Smart Campaign has existed since 2009 and has certified the consumer protection practices of 68 financial institutions to-date; the MasterCard Foundation contribution will support involvement of more parties (such as regulators, non-bank financial institutions and fintech platforms) and more countries; a particular focus will be on sub-Saharan Africa. Source
Mastercard and Microsoft have announced a collaboration around digital commerce, startup innovation and financial inclusion; the collaboration will help Mastercard’s...
While speaking with CNBC Mastercard’s Vice Chairman Ann Cairns discussed the importance of digital identity in the next few years;...
After 18 months of secret development with Apple and Goldman Sachs Mastercard plans to bring to digital first features of...
Payments companies around the globe have been issuing warnings that their businesses will take a big hit in the coming...
MasterCard is launching customizable bots for merchants and banks; they have partnered with Kasisto, the company that created KAI Banking, a conversational AI platform; consumers will be able to manage their money inside Facebook Messenger, asking questions about their accounts, purchase history, spending levels, etc.; transactions will also be able to take place on Messenger with MasterCard’s Masterpass, a digital payment service. Source