Finextra

JULY 7, 2025

Mastercard (2024) AI Application: Fraud prevention and transaction security Experience Impacted: CX - Banking Customer Experience Generative AI for Fraud Detection: Mastercard deployed a new generative AI plus graph analytics system to combat payment card fraud. It also means fewer false declines during purchases.

AI

EBizCharge

MARCH 20, 2025

Your provider may ask you to download a package and run an installer or set up online credentials, so following their instructions is essential. Common options include credit and debit cards (Visa, Mastercard, American Express, etc.) Two-factor authentication (2FA): Adds an extra layer of security for account access.

Payment Gateways

My Payment Savvy

JULY 10, 2025

Mastercard’s “4837 – No Cardholder Authorization” needs evidence that the customer actually made the purchase. Visa might accept certain types of evidence, which Mastercard rejects. This isn’t just boring paperwork – it’s your roadmap to victory. Get this wrong, and you’re done.

Disputes

Fintech News

NOVEMBER 5, 2024

Payment giant Mastercard is accelerating and securing online transactions in Asia Pacific by eliminating the need for one-time passwords (OTPs) with its enhanced Mastercard Payment Passkey service. To use this service, consumers simply enroll their Mastercard once.

APACS

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

Visa

Fintech Finance

NOVEMBER 12, 2024

Mastercard has partnered with Tap Payments, one of the leading payment institutions and technology providers in the Middle East and North Africa, to introduce a global-first Click to Pay with Payment Passkey service for secure ecommerce transactions. This service has been introduced by Tap Payments on Mastercard’s Payment Gateway.

Visa

Fintech Finance

AUGUST 29, 2024

During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Upon successful authentication, the payment is instantly completed. “By Enter payment passkeys.

Visa

Fintech Finance

SEPTEMBER 25, 2024

KaiOS , the leading operating system that brings the best of the internet to affordable devices, today announced a partnership with Mastercard to integrate a range of digital payments solutions. KaiOS and Mastercard are partnering to help millions of SMEs globally accept digital payments using KaiOS devices.

Visa

Fintech Finance

JANUARY 12, 2024

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.

Issuers

PYMNTS

OCTOBER 24, 2016

Mastercard announced today (Oct. The agreements will allow Mastercard cardholders to use the mobile wallets to shop online at the hundreds of thousands of merchants around the world where Masterpass is accepted. 24) a host of new strategic partnerships to bring online payments capabilities to digital wallets users in the U.S.

Visa

The Fintech Times

JUNE 8, 2024

Payments giant Mastercard has integrated Deposit Switch and Bill Pay Switch into its open banking platform, in a move that enables consumers to automatically switch their direct deposits and update their recurring bill payments, when opening a digital account or when updating information on an existing account.

Visa

PYMNTS

OCTOBER 18, 2018

Mastercard said Wednesday (Oct. The suite, which debuted this week , enhances the security of stored card credentials, boosts authentication efforts to reduce checkout error and reduces the time to checkout. She added that such an endeavor is not a far leap, as Mastercard had mass market adoption with its issuers.

Visa

PYMNTS

DECEMBER 18, 2020

A month after its purchase by Mastercard was cleared by the Department of Justice (DOJ), open banking platform Finicity announced on Friday (Dec. Both Finicity and Brex use the Financial Data Exchange (FDX) API standard, which leverages the OAuth standard for authenticating and authorizing account access.

Agreements

Payments Source

MARCH 14, 2016

Biometric authentication has been "replacing" passwords for a long time, but for the most part accounts still rely more on remembered credentials than physical identifiers.

Credential

Segpay

SEPTEMBER 24, 2024

So much of our industry is tied to Visa and Mastercard to support consumer payments. While I don’t blame Visa or Mastercard for putting controls in place, as they also suffer from supporting our industry. Annual Visa and Mastercard registration fees alone can total $1,500 per year. Also, there is enhanced security.

Accounts

Fintech Finance

SEPTEMBER 18, 2024

Fingerprint Cards AB (STO: FING B) and Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) today announced SECORA Pay Bio, an all-in-one biometric payment card solution that complies with Visa and Mastercard specifications. This will lead to a much simpler biometric payment card manufacturing process.

Enrollments

Fintech Finance

JUNE 7, 2024

Mastercard has announced the integration of Deposit Switch and Bill Pay Switch with Mastercard’s Open Banking platform, enabling consumers to automatically switch their direct deposits and update their recurring bill payments, both when opening a digital account or when updating information on an existing account.

Visa

PYMNTS

OCTOBER 22, 2018

Mastercard, the digital payments company, made the case in a blog post Monday (Oct. In a blog post , Jorn Lambert, executive vice president of digital solutions at Mastercard, said the specification has already benefited from feedback of merchants, payment service providers and issuers. .

EMV

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. It is essentially a virtual Visa or Mastercard that sits in a mobile device. What makes biometric authentication unique?

Digital Payments

Fintech Finance

MARCH 28, 2024

million in 2023 according to AusPayNet data [2], Mastercard has begun scaling its new tokenized and embedded online checkout experience which both enhances security for online transactions, while maintaining the convenience that consumers have come to appreciate from contactless payments in physical stores.

Visa

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. It’s EMV all over again.

EMV

PYMNTS

AUGUST 30, 2016

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. What we’re working to deliver is persistent authentication,” Martin told PYMNTS.

Authentication

PYMNTS

NOVEMBER 21, 2016

Mastercard EVP of Digital Channels and Regions Jorn Lambert told me last week that Mastercard believes there’s another reason for this inconsistency: the absence of a framework or a set of principles that everyone in the business of enabling digital payments ascribes to. So, he said, Mastercard decided to do something about it.

Digital Payments

PYMNTS

MARCH 13, 2020

As verifiable digital identity gradually becomes the next-gen driver’s license and passport, companies and individuals are bidding farewell to login credentials they either can’t recall or that have already been hacked. Say goodbye to your passwords … if you can remember them. And it’s not all down to passwords.

Authentication

PYMNTS

JULY 1, 2016

Just give consumers a single account with digital credentials that add value to the series of very simple but crucial everyday activities that they encounter throughout the day. “The one thing I’ve learned from moving from Transport to London to MasterCard is that every payments market is different. Use Case 101.

Visa

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials.

Mobile Payments

The Payments Association

NOVEMBER 20, 2024

Mastercard reports that the average seller bears three-quarters of the cost of a dispute. Scammers may also obtain cardholder information from data breaches or use stolen login credentials to access other payment platforms. Of particular concern to merchants is first-party misuse of the chargeback process by cardholders.

AI

PYMNTS

JUNE 10, 2019

The web, he asserted, exists as an application programming interface (API) that interfaces with a computer, allowing bank customers to transact with their banks — and the interface is open to everyone, provided they are properly authenticated. You have to have the right credentials,” Kirsch said. “A It’s … an [open] protocol.

API

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. If not, the transaction may be declined.

Chip Cards

PYMNTS

JUNE 4, 2018

By touching the mPOS, the customer identifies themselves as the owner of linked payment cards and credentials. It allows customers to authenticate with a fingerprint in support of various payment methods. The country will soon begin to require fingerprint authentication from all citizens. Mastercard.

Encryption

PYMNTS

JULY 15, 2016

Consumers don’t think about technology as technology; it just is,” said mastercard Chief Innovation Officer Garry Lyons at the unveiling of mastercard’s new digital payments strategy yesterday (July 14). It is a smart digital credential — the same smart digital credential, in fact, that goes where the consumer goes.”.

Credential

PYMNTS

FEBRUARY 25, 2019

If you think about a better experience,” said the executive, “your car could have an NFC chip in it and there are some payment credentials attached to the car.” As one drives through the turnstile, it authenticates the vehicle (or even the driver through biometrics), pre-authorizes for the payment and lets the user just drive out.

Transactions

PYMNTS

SEPTEMBER 29, 2017

At Mastercard, we are seeing radical shifts in the world of commerce,” Mastercard ’s SVP, Commerce for Every Device, Kiki Del Valle, told PYMNTS in an interview. This week that list got an new addition, with an assist from Mastercard: Atelier Swarovski. Much like leaving a store — and taking your credentials with you.

Visa

PYMNTS

AUGUST 24, 2017

Currently FitPay is providing connectivity to Visa, Mastercard and Discover’s tokenization systems. There are many different devices across telephone manufacturers that are looking to avail themselves with not only payment capabilities but other types of secure credential management.”.

Contactless Payments

Stax

JULY 16, 2024

As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. The PCI SSC is a group consisting of the five biggest payment card brands—American Express, JCB International, Discover Financial Services, Visa, and Mastercard.

PCI DSS

Stax

MARCH 15, 2024

EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes. Two-Factor Authentication (2FA).

Process

Fintech Labs Insights

DECEMBER 5, 2016

.” With clients including USAA and Mastercard , Daon provides both enterprise and public sector customers with biometric authentication technologies including face, voice, and fingerprint recognition. Daon’s customers include USAA, Mastercard, Atom Bank, Gulf Bank Kuwait, and Banco Neon. Company facts.

Authentication