MasterCard has ankled Safdar Khan as Division President for Indonesia, Malaysia and Brunei, responsible for delivering increased value to Mastercard stakeholders by driving the implementation of the company’s digital payment technologies. The new role and division will be headquartered in Jakarta, where Mr. Khan will be based, and recognizes the growing importance of the developing…
Berlin-based solarisBank, the world’s first independent banking platform, and MasterCard have teamed for an in-depth partnership to drive innovation in the digital banking industry. Receiving the Principal Membership status, solarisBank will now operate at Mastercard’s highest issuer level, with access to Mastercard’s entire product portfolio. Both companies have agreed to collaborate on the development of banking…
MasterCard is set to accelerate the pace of next-gen commerce solutions with the launch of MasterCard Developers.This single gateway enables Mastercard partners to access a diverse range of Application Programming Interfaces (APIs) across payments, data and security. The new platform also includes a ‘New and Experimental’ API category that enables partners to test new technologies…
The global payments industry awaits the new name, new targets, new location and most of all a new format for TRUSTECH. The TRUSTECH Confex is now completing the CARTES Exhibition with a high level conference program. This 2016 edition will be unveiled by a Mastercard Pre-Conference on Monday 28th November. The Mastercard Pre-conference will be…
Gross dollar volume (GDV) for Visa, MasterCard, American Express and Discover cards (credit + debit) in the U.S. climbed 6.8% year-on-year (YOY) in 2Q/16 reaching a record $1482 billion. Visa led the way in the second quarter posting a 9.0% YOY gain for U.S. GDV. Visa reported second quarter GDV of $883 billion, compared…
In Other News: MYC (webinar); CLEARENT (exec); BLUEFIN (P2PE); and YAPSTONE (exec). MYC – Master Your Card (MYC) sponsored by Mastercard, announced a new webinar series on card acceptance, developed in partnership with the Association of Women’s Business Centers (AWBC). The webinars are based on input and feedback from small business owners on how to…
Consumers credit card behavior improved since exiting the recession as evidenced by the growth of credit card limits in particular among the subprime credit card market. Yet, even with the solid improvements, the year-over-year figures indicate a slight increase in delinquency rates. Experian found the first six months of 2016 has shown that the total…
MasterCard has launched Mastercard For You. Available for free on both Apple and Android devices, MasterCard For You is a one-stop shop for all premium products. It is a feature-rich application that enables cardholders in the Middle East and Africa, to explore and enjoy all of the privileges that come with Titanium, Platinum, World and…
Retail Council of Canada says it has been the main advocate for a regulated solution to the credit card fee problem and welcomes this opportunity to shine a light on the multi-billion dollar costs imposed on all Canadians, including merchants, by Visa and MasterCard. Simply put, credit card interchange fees are far too high, with…
Allegiant and Bank of America inked a new relationship to launch the Allegiant World MasterCard. This is Allegiant’s first credit card program, and will allow cardholders to earn three points per dollar on Allegiant purchases, two points per dollar on qualifying dining purchases, and one point per dollar on all other purchases. Article – Allegiant…
Mastercard has ankled Warren Kneeshaw as executive vice president of investor relations, effective November 1, 2016. This appointment comes as Barbara Gasper announced she will retire from MasterCard at the end of the year. Kneeshaw joined MasterCard on September 6 from Qualcomm, where he was vice president of investor relations, serving as the company’s primary…
Wirecard is now collaborating with topbonus, the frequent flyer program of airberlin. The deal includes a MasterCard credit card for topbonus participants in Austria. With the airberlin & NIKI MasterCard, customers can collect one award and status mile for each Euro spent on the credit card. Users can easily redeem these miles for flights with…