The program called Accelerate will allow fintechs to access MasterCard insight, tools, technology and investments; this is a continuing commitment...
Mastercard announced the new service, Assemble, will allow Mastercard partners to provide checking, budgeting and other money management tools; partners can choose from a white label version or integrate certain functions through an API; the product is geared towards millennials and is part of a wider trend in the market; Tom Cronin, Mastercard's senior vice president of global prepaid product development, said “This technology enables our partners to deliver best-in-class digital experiences today, as we work to address additional segments such as gig economy workers and underserved consumers and micro businesses.” Source.
Mastercard filed a patent with the U.S. Patent and Trademark Office to build a product meant to safeguard identity data. The product is a semi private blockchain used to receive and store identity data like address, tax ID number and more. Source.
The card network plans to use technology acquired from CipherTrace to offer compliance and risk management services to firms that handle digital assets.
Mastercard and Microsoft have announced a collaboration around digital commerce, startup innovation and financial inclusion; the collaboration will help Mastercard’s...
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
In December Mastercard shared that they were working on an international digital identity which would be able to verify financial...
The healthcare payments system is rife with confusion and over-billing. HealthLock and Mastercard partner to bring clarity to millions.
Mastercard said all consumers will be able to use biometric identification when they shop and pay by April of next year; banks offering Mastercard branded cards will have to have biometrics alongside the typical PIN and password; the company cited consumers preference for this type of authentication and new regulations like PSD2 in Europe; Mark Barnett, president, Mastercard UK and Ireland, tells Banking Technology: “It will make the purchase much smoother, and instead of having to remember passwords to authenticate, shoppers will have the chance to use a fingerprint or a picture of themselves.” Source.
The crypto firm enables users to buy and sell crypto, earn credit rewards on their accounts, and send money peer-to-peer: it will open up the Mastercard network to the cryptocurrency world.