MasterCard today announced an industry first in its move to create one global Zero Liability promise for consumers and is extending it to all regions, outside the U.S., by early second quarter 2016.
MasterCard has launched Safety Net in Europe to reduce the impact of cyberhacking of banks and processors. It is designed to use the power of MasterCard’s global network, to identify unusual behavior and potential attacks – often, even before the bank or processor is even aware.
TD Bank inked a deal with MasterCard to route debit and prepaid card transactions over MasterCard’s Maestro network. Through the agreement, MasterCard will process TD Bank’s debit card and prepaid card PIN transactions.
Recaudo Bogotá, Bancolombia and MasterCard announced the inclusion of electronic payments to promote and facilitate access to Bogotá’s Integrated Public Transit System (SITP).
In the fourth quarter tap transactions in Europe grew by 174 % year on year and tappers increased their usage by more than 20%. Transit is a proven driver of contactless adoption by consumers.
Payment cards gross dollar volume (GDV) in Belgium will likely top US$200 billion by 2018. GDV is expected to grow over the forecast period at a CAGR of 5.96%.
JCB continues to expand in Europe signing a Netherlands deal with EMS. The Netherlands is a strategically important country for JCBI as this is a major destination market for European JCB card members. JCBI has been doing business in Europe for 32 years.
MasterCard continues to outpace Visa in the second quarter as profits near $1 billion. In the U.S., gross dollar volume (GDV) rose 9.2% to $339 billion, compared to $319 billion in the prior quarter, and $310 billion in the year ago quarter. At the end of the second quarter MasterCard had 344 million cards-in-force in the among 308 million accounts.
UL qualified its Collis EMV Personalization Validation Tool through MasterCard. Professional testing of personalized MasterCard EMV/PayPass cards is essential to ensure global card acceptance. In addition, debit MasterCard cards issued in the U.S. must support the MasterCard AID and the U.S. Maestro AID in order to fulfill unaffiliated network routing requirements mandated by Congress in…
Allied Wallet payment gateway, has been selected for the 2013 United States Excellence Award by the US Trade & Commerce Research Institute (USTCRI). This is because Allied Wallet LTD has consistently demonstrated a high regard for upholding business ethics and company values. This recognition by USTCRI marks a significant achievement as Allied Wallet continues to emerge as a leader in its industry. By setting new benchmarks and forming new standards for security and functionality, Allied Wallet is able to provide a better solution for its merchant base.As part of the industry research and business surveys, various sources of information were gathered and analyzed to choose the selected companies in each category. This research is part of an exhaustive process that encapsulates a year long immersion in the business climate of the United States economy.
BASE mobile subscribers can now make contactless payments using their smartphone at the supermarket, when filling up their car and in restaurants using the “BASE Wallet” digital wallet – and it is just as secure as using a traditional debit or credit card. This high level of security is made possible by Giesecke & Devrient.
Wirecard has been supporting the mobile phone brand BASE as it launches the mobile BASE Wallet with prepaid payment card on the market. The Walletcard is a digital Maestro card and when used with a mobile phone, this enables contactless payment via near field communication (NFC) at all MasterCard PayPass acceptance points worldwide. The payment card can be used immediately after registration via the BASE Wallet app, which also provides a real-time overview of all completed transactions and available credit. The top-up function is also conveniently integrated in the Wallet. Wirecard offers another MasterCard digital credit card for payment in online shops. The prepaid card is also available as a plastic card. This enables the use of POS terminals which are not yet equipped with NFC technology.