Technology and Partnership Approach Driving MasterCard Financial Inclusion in 2014

Posted on by wademinnie | 4828 Views | 17 min read

MasterCard’s technology combined with increased engagement of governments is helping drive greater expansion of financial inclusion. Public-private partnerships, such as the social security program in Pakistan MasterCard announced last week, offer citizens new opportunities to join the financial mainstream. Around the world, innovations such as prepaid and mobile payments combined with biometrics are enabling more

FIS and MasterCard Advance US EMV Adoption with Common Debit Solution

Posted on by wademinnie | 7542 Views | 5 min read

FIS, its NYCE Payments Network and MasterCard have announced a licensing agreement that will make MasterCard’s EMV debit solution available to all NYCE participants. EMV chip card adoption is a common goal of the U.S. payments industry, designed to increase card transaction security and decrease card-based fraud. This agreement provides all NYCE Network participants with

MasterCard Announces Annual Meeting Results

Posted on by wademinnie | 6022 Views | 5 min read

MasterCard Incorporated announced the results of its annual meeting of stockholders, held at the company’s worldwide headquarters in Purchase, N.Y. At the meeting: The full slate of 13 directors was elected for a one-year term, to expire at the next annual meeting of stockholders. Included in this group are two new board members, nominated earlier

MasterCard Strengthens U.S. Cardholder Security

Posted on by wademinnie | 6470 Views | 6 min read

MasterCard has announced enhancements to its industry leading security efforts, providing U.S. cardholders with greater protection from fraud and identity theft. “Fraud prevention and detection is a 24/7 job at MasterCard. The changes that we’re making in cardholder protection combined with our efforts to move the U.S. payments industry to EMV chip technology will help

Allied Wallet Becomes Licensed MasterCard Issuer

Posted on by wademinnie | 6102 Views | 6 min read

Allied Wallet, a globally leading provider of online payment processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, was recently granted the privilege to issue MasterCard and Maestro cards in various regions of Europe. MasterCard has strict regulations for any financial institution that seeks to issue payment cards. But upon review, Allied

MasterCard and Bank of Punjab Bring Financial Inclusion to Pakistan

Posted on by wademinnie | 10818 Views | 11 min read

MasterCard and the Bank of Punjab has announced the launch of the Social Security Program to automate and streamline government disbursement, subsidy and assistance programs. This first-of-its-kind initiative is aimed at driving financial inclusion in Pakistan and specifically in Punjab – the largest province in Pakistan. As part of this landmark agreement with MasterCard, Bank

MasterCard Wins African Banker Award for Financial Inclusion

Posted on by wademinnie | 6641 Views | 16 min read

MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in recognition of its far-reaching achievements in extending financial inclusion across Africa. The Award recognises MasterCard as the company that best succeeded in delivering financial products and services to broad segments of society, thus contributing to financial inclusion, development and growth.

MasterCard Acquires ElectraCard Services

Posted on by wademinnie | 5985 Views | 7 min read

MasterCard has announced that it has entered into an agreement with Opus Software Solutions Pvt. Ltd., (“Opus”) to acquire its subsidiary, ElectraCard Services Private Limited, (“ECS”), a leading global provider of software solutions and processing services for electronic payment and card systems. MasterCard previously had a minority investment in ECS. This transaction is anticipated to

MasterCard opens Processing Center in the UAE

Posted on by wademinnie | 6132 Views | 12 min read

MasterCard has announced it will provide integrated processing services to customers across the Middle East and North Africa (MENA) through an end-to-end, multi-brand cards and payments processing center located in the UAE. The center will help customers respond rapidly to changing consumer needs, drive adoption of innovative technology and increase efficiency. Its opening highlights MasterCard’s

MasterCard and PULSE to Enable Common Debit EMV Solution

Posted on by wademinnie | 9788 Views | 6 min read

MasterCard and PULSE, a Discover Financial Services company, have reached an agreement that will allow financial institutions that issue EMV debit cards that participate in both the MasterCard and PULSE networks to use MasterCard’s common debit solution on those cards. The agreement will help accelerate EMV deployment for the networks’ mutual debit card issuers, merchants