Mastercard announced the appointment of Craig Vosburg as Chief Product Officer and named Linda Kirkpatrick to succeed him as President, North America, with both positions effective from January 1, 2021. In his new role, Vosburg will lead a newly integrated products and engineering organization for the company. This includes all areas that are integral to…
Mastercard announced the appointment of Richard Verma as Executive Vice President, Global Public Policy and Regulatory Affairs. He will directly report to Tim Murphy, General Counsel, Mastercard. In his new role, Verma will oversee the company’s public policy, regulatory affairs and litigation teams around the world. Verma brings over 25 years of international experience across…
Mastercard announced a partnership with Signzy, a RegTech startup, to enable the latter’s video-based KYC (Know Your Customer) solutions for its banking customers. This will allow Mastercard to provide a completely paperless, remote and secure onboarding solution for end-users. In India, this launch will further Mastercard’s goal of driving inclusive growth via financial inclusion by…
Mastercard announced it has joined with other financial services and technology leaders to launch the Tech for Good Partnership, a first-of-its-kind private sector agreement to accelerate digital and financial inclusion in the Latin America and Caribbean region. Sharing a commitment to doing well by doing good, the Tech for Good Partnership pledges to use their…
Mastercard announced a new partnership with TSYS, a Global Payments company. The partnership will bring consumers an advanced feature that will enable them to use their Mastercard to split transactions into installments before, during or after checkout, Mastercard said. Through this partnership, TSYS is the first processor to deliver installment capabilities to issuers in order…
Mastercard has announced the expansion of its Accelerate fintech portfolio, adding dynamic entrepreneurs to its award-winning startup engagement program Start Path and more technology partners to its Engage network, providing access to expert engineers and specialists that can help customers deploy new services quickly and efficiently. Mastercard helps emerging brands build and scale their businesses,…
Mastercard and TransferWise, announced an expanded partnership to enable the issuance of cards in any market around the world where Mastercard is accepted and TransferWise is licensed. Mastercard has built a strong partnership with TransferWise, working with the global technology company since its issuance of its first debit card in Europe in 2018. Since then…
Mastercard and Microsoft Corp. announced a collaboration to shape the future of digital commerce, drive startup innovation and enable financial inclusion. The collaboration will accelerate Mastercard Labs’ cloud native research and development activities, enabled by Azure and AI, to advance Mastercard Labs’ mission to de-risk and commercialize emerging technologies and platforms for digital commerce. Through…
Bond Financial Technologies, Inc., a company building an enterprise-grade financial technology platform, announced it has raised a $32 million Series A funding to connect digital brands to banking partners without the friction that has beset early movers in fintech. The current financing round was led by Coatue, with participation from existing seed investor Canaan and…
Mastercard announced that it has entered into an agreement to acquire Finicity, a leading North American provider of real-time access to financial data and insights. The purchase price is $825 million, and Finicity’s existing shareholders have the potential for an earn-out of up to an additional $160 million, if performance targets are met, the Company…
Mastercard, a global technology company in the payments industry, announced the extension of its partnership with Facebook to offer a new and innovative way for Brazilians to send and receive money from friends and family on the WhatsApp application. Mastercard cardholders banking with Nubank and Sicredi are among the first in Brazil to experience payments…
The coronavirus pandemic has completely altered the dynamics of workplaces. Until a few months back, work-from-home meant no work and only an excuse to take a paid leave. But due to the pandemic, that notion is changing completely. During the pandemic, many major corporations had asked their employees to work from home till December end.…
The coronavirus pandemic has hit the global economy worse than the 2008 financial crisis. Industry experts predict that the impact of the pandemic will last longer than a year. Some industry bodies are also estimating that the pandemic would cost upto 2.5mn jobs globally. Worst-hit among all sectors of the economy, is the small scale…
Microsoft founder’s The Bill & Melinda Gates Foundation along with Wellcome Trust and Mastercard recently announced a new fund to accelerate technologies designed to identify, assess, develop and scale treatments to the COVID-19 epidemic. According to an official statement, The COVID-19 Therapeutics Accelerator will evaluate new and repurposed drugs and biologics to treat patients with…
Global payment facilitator Mastercard Inc. recently announced that it has made some changes to its senior leadership team. The company on Tuesday said that Ajay Banga, CEO of Mastercard for nearly a decade, will be elevated to the position of Executive Chairman of the board. He will be replacing Richard Haythornthwaite, who is due retirement…