MasterCard announced the launch of Safety Net in Europe. Safety Net is a global tool that reduces the impact of cyber hacking 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.
Berkshire Hathaway Travel Protection (BHTP) and MasterCard announced at Skift’s Global Travel Forum they have teamed up to drastically cut the time it takes to pay travel-insurance claims. Traditionally, travel insurance claim payments have been made through online payment systems, EFT transaction or paper check – all of which meant travelers might not receive claim
Mukuru, an African focused remittance company, has recently launched a storecard in Zimbabwe in partnership with local retailers Halsteds and Electrosales. Mukuru users in South Africa will be able to send US Dollar credit onto a Mukuru Storecard for their recipient who can then use the card to shop at a discounted rate in partner
MasterCard announced a global partnership with mobile commerce provider P97 to make it easier for consumers to find, buy and save on gasoline and convenience store purchases through their mobile phones. Last year, in the U.S. alone, consumers pumped more than 135 billion gallons of gasoline, according to MasterCard SpendingPulse. As trips to the pump
The CardLinx Association announced the availability of a new online system enabling merchants and their card-linked technology partners to share their card-linked offers with digital advertising publishers. Card-linking enables consumers to link their existing credit or debit cards to digital coupons, loyalty programs or mobile wallets. Consumers then simply pay with their registered card or
Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, announced its selection by Allstar, UK’s leading fuel card provider, to support the migration of their fuel cards from magnetic stripe to EMV chip cards. Allstar’s 1.1 million cardholders will benefit from payment security and ease-of-use over more than 7,600 filling
The Payments Security Task Force (PST) shared the latest in a series of updates from payment card issuers, acquirers, and merchants on the U.S. move to chip technology. The PST’s eight financial institutions reported that 30 percent of their U.S. consumer credit and debit cards contain EMV chips as of June 30. These issuers represent
With just hours before the October 1 liability shift, new data from MasterCard reveals that 40 percent of all U.S. MasterCard-branded consumer credit cards feature EMV chip technology. According to a Payments Security Task Force forecast announced earlier today, the number of chip cards in the U.S. will to grow to 60 percent by the
UnionPay International and SBM jointly declared that all merchants and ATMs of the latter have been opened to accept UnionPay cards (card number starting with 62). So far, the coverage of local merchants and ATMs accepting UnionPay cards has been increased to 90% and 60% respectively. It also means that UnionPay International has realized its
Sterling Payment Technologies, a national payment processor and provider of integrated payment solutions, recently announced that it has completed certification for an EMV-capable solution for software developers with Datacap Systems, a leading integrated payments middleware provider. Certification with the card brands is expected to be completed in the coming weeks. Because of the EMV liability
