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    Mastercard

    News stories featuring Mastercard:

    Mobile-only bank goes live in Germany

    July 26th, 2016

    Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions. More

    LTA signs up Mastercard for account-based contactless ticketing in Singapore

    July 26th, 2016

    Singapore’s Land Transport Authority (LTA) has signed a partnership agreement with Mastercard to begin piloting a new account-based ticketing system that will let commuters pay for their train and bus journeys using their existing contactless debit and credit cards. More

    Mastercard planning to become a PSP in China

    July 25th, 2016

    Mastercard is planning to apply to become a payment service provider (PSP) in China this year but is still deciding whether to do so alone or with a partner, according to Reuters. “China in June allowed foreign payment card companies to operate in the country under new rules,” the publication reports. “Under the rules, China’s national security and cyber security standards must be met. Applicants must also hold 1 billion yuan (US$150m) in registered capital in a local company.”

    Mastercard takes majority stake in VocaLink

    July 21st, 2016

    Mastercard has entered into a definitive agreement to acquire 92.4% of UK payments infrastructure operator VocaLink for approximately £700m (US$920m). “Under the agreement, a majority of VocaLink’s shareholders will retain 7.6% ownership for at least three years,” Mastercard says. “This acquisition accelerates Mastercard’s efforts to be an active participant in all types of electronic payments and payment flows and to enhance its services for the benefit of customers and partners.”

    Apple Pay launches in Hong Kong

    July 20th, 2016

    Apple Pay has launched in Hong Kong with support from Mastercard, Visa and American Express. Participating banks include Bank of China (Hong Kong), DBS, Hang Seng Bank, HSBC and Standard Chartered, with support from The Bank of East Asia (BEA) and Tap&Go “coming soon”. More

    Apple Pay launches in France

    July 19th, 2016

    Apple Pay has begun rolling out across France with support from both Mastercard and Visa as well as Banque Populaire, Ticket Restaurant, Carrefour Banque and Caisse d’Epargne. Support from mobile network operators Boon and Orange France is also expected “soon”. More

    Masterpass to enable in-store NFC mobile payments

    July 18th, 2016

    Mastercard has unveiled an enhanced version of its Masterpass digital payment platform, adding in-store NFC mobile payment capability to the service that has so far only been available for online and in-app payments. More

    Samsung Pay to launch in Brazil this month

    July 15th, 2016

    Samsung Pay will begin rolling out across Brazil on July 19, Samsung has confirmed, making it the first market in South America to introduce the mobile payment service. It will be supported by both MasterCard and Visa as well as Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro, and Santander. More

    Android Pay launches in Australia

    July 14th, 2016

    Google has begun rolling out its Android Pay mobile payment service in Australia with support from American Express and Visa. The service will be available from 27 banks and credit unions at launch and from an additional seven financial institutions “soon”. MasterCard support is expected “in a few days”.  More

    Samsung Pay launches in Puerto Rico

    July 13th, 2016

    Samsung Pay has gone live in Puerto Rico with support from Banco Popular, the country’s largest bank. The service is supported by MasterCard and Visa and is available from mobile network operators AT&T, T-Mobile, Sprint and Claro. More

    Golfer to showcase contactless payments jacket at Royal Troon

    July 13th, 2016

    Professional golfer Graeme McDowell has been equipped with a payment-enabled jacket by MasterCard for The 145th Open at Royal Troon this week that will let him pay while he plays by tapping his sleeve on a contactless reader. More

    Apple Pay launches in Switzerland

    July 7th, 2016

    Apple Pay has begun rolling out across Switzerland, allowing consumers to make in-store and in-app payments using their compatible devices. The mobile payment service launches with support from MasterCard and Visa as well as card issuers Bonus Card, Cornercard and Swiss Bankers. More

    Barclaycard Loop adds NFC payments to any wearable device

    July 7th, 2016

    Barclaycard has unveiled Loop, the fourth product in its bPay contactless payment device range, which comes in the form of a contactless chip and lets consumers add NFC payment capability to the wearable devices they already own. More

    French retail giant to support Fivory NFC mobile payments

    July 4th, 2016

    Customers at supermarket giant Auchan Retail France stores will soon be able to pay for purchases on their mobile phone using NFC or QR codes through the Fivory mobile wallet. The retailer has teamed up with payment solutions provider Oney and MasterCard to support the service which was piloted by French bank Credit Mutuel-CIC in April 2014. More

    Android Pay launches in Singapore

    June 28th, 2016

    Google has begun rolling out Android Pay across Singapore, marking the mobile payment service’s debut in Asia. It will work with MasterCard and Visa cards from DBS Bank, OCBC Bank, POSB Bank, Standard Chartered Bank and UOB. More

    Vodafone Italia adds NFC mobile payments with PayPal

    June 27th, 2016

    Customers of Vodafone Italia can now make NFC mobile payments through PayPal using the mobile network operator’s Vodafone Wallet. The service will allow for in-store payments at any Visa contactless terminal across the country. More

    Discover joins effort to speed up EMV checkout

    June 24th, 2016

    Discover has unveiled Discover Quick Chip, a new option for merchants to streamline the checkout process when customers pay with cards. “Discover Quick Chip will reduce the time a chip card needs to remain in the point of sale terminal, making the checkout process more convenient for merchants and cardholders,” the card network says. American Express also unveiled a similar offering earlier this month. Visa originally unveiled a feature designed to streamline EMV transactions in April 2016, closely followed by MasterCard.

    Microsoft launches NFC payments for Windows 10 phones

    June 22nd, 2016

    Microsoft has introduced an NFC payment feature for users of Windows 10 Mobile devices in the US through its Microsoft Wallet app. The company says the move comes “in response to feedback” from its customers and with… More

    Brits foresee cashless society by 2036

    June 21st, 2016

    More than two thirds of UK consumers (68%) believe that cashless technologies will completely replace physical money by 2036, research released by the Mayor of London’s promotional company London & Partners reveals. The figure is higher in London, where three quarters of people believe cash will disappear within 20 years. The research is based on 2,000 respondents and has been released to coincide with London Technology Week, hosted by London & Partners and MasterCard.

    Samsung Pay launches in Singapore

    June 17th, 2016

    Samsung Pay has gone live in Singapore, enabling customers of Citibank Singapore, DBS Bank Singapore, POSB Bank Singapore, OCBC Bank and Standard Chartered to make mobile payments with their compatible smartphone wherever MasterCard or Visa is accepted. The mobile payments service launched in Australia on June 15 and plans to roll out Samsung Pay in Singapore on June 16 were revealed last week.

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