Merchants Opposed To MasterCard Inc.’s (NYSE: MA) 3% Charge On Value Transactions

Retailers are opposing MasterCard Inc.’s (NYSE: MA) new offering that enables customers to pay for their products in installments. MasterCard to charge merchants 3% of the buying price  The payments industry behemoth has started informing retailers and banks that it plans to charge merchants 3% of the buying price every time a customer chooses to utilize the […]

MasterCard Inc (NYSE: MA) Unveils First Music Album Featuring Its Brand Music

MasterCard Inc (NYSE: MA) launched its maiden Priceless music album at the Cannes Lions Festival of Creativity. Ten songs by ten different international musicians are included in the collection, first made accessible on Spotify and later debut on other streaming services. The distinctive melody of the Mastercard trademark sound is featured in each track. The […]

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 […]