Mastercard Inc (NYSE: MA) Ventures Into the Metaverse By Filing 15 Patents

Mastercard Inc (NYSE: MA) is venturing into the Metaverse. The company is not the first credit card business to join the space. Others are American Express Company (NYSE: AXP) and Visa Inc (NYSE: V). Mastercard believes that this move would help it compete and remain relevant in the virtual space. Mastercard files 15 patents Mastercard […]

Mastercard Inc (NYSE: MA) Enters into Agreement With Bakkt Holdings Inc (NYSE: BKKT)

Mastercard Inc (NYSE: MA) has entered agreements with Fiserv Inc (NASDAQ: FISV) and Bakkt Holdings Inc (NYSE: BKKT) that would allow the company to venture into the cryptocurrency market. Details of Mastercard’s arrangement with Fiserv and Bakkt As per Mastercard’s agreement with Fiserv, the latter will offer transactions using crypto assets and B2C and B2B […]

MasterCard Inc. (NYSE: MA) To Phase Out Magnetic Strip Cars, Partners With Markaaza and AvidXchange raises $660 million

Payments company MasterCard Inc. (NYSE: MA) is ready to do away with magnetic strip credit and debit cards phasing out the swiping payment method, which has become obsolete with the emergence of the latest chip-based cards. Magnetic stripe cards have been in use for decades, but technological development has resulted in a shift towards safe […]

MasterCard Inc. (NYSE: MA) Replacing Magnetic Stripes On Its Cards With Chips

MasterCard Inc. (NYSE: MA) has announced that it will phase out the magnetic stripes on its debit and credits cards in the next ten years as part of its larger initiative to deploy secure and more capable alternatives to the conventional swipe.  MasterCard to phase out cards using magnetic stripes  The payment processing firm said […]

Ebix Paying $338 Million for Indian Travel Booking Company Yatra

Atlanta-based software company Ebix Inc. (NASDAQ: EBIX) is acquiring Yatra Online (NASDAQ: YTRA) for $337.8 million in an all-stock transaction.  The main prize for Ebix is Yatra Online Pvt. Ltd., a subsidiary of Yatra Online and leading corporate travel exchange in India. The companies announced during the first quarter that they were considering merging.  On […]