News tagged: MasterCard
Back in the past, whenever you made a purchase with a credit card, you would have to sign the receipt. With the development of contactless cards, MasterCard has now announced that it plans to completely eliminate the need for signatures next year. The new policy
An upgraded card reader has been introduced by Shopify, helping the company compete against Square's product. It's now shipping to users in the United States and it'll work with both swipe and chip-based dips. Shopify designed the product entirely in-house.
PayPal users with supported Visa and Mastercard debit cards will soon be able to transfer money from their account immediately to a bank. The feature lets people receive money in their bank account in just a few minutes, though it can take up to 30 minutes for the funds to move.
A month after MasterCard announced addition of fingerprint sensor technology to physical credit cards, which wouldn't require a PIN to verify your identity, the company has now announced that it has partnered with payment processing companies Verifone and Global Payments to make
MasterCard has added fingerprint sensor technology to a physical credit card for the first time. Instead of requiring you to enter a PIN when the card is used, you can verify your identity by holding your finger to the card. Testing is underway in South Africa.
Through partnerships with Visa and Mastercard, Android Pay is significantly increasing the number of online portals where it'll be accepted. Android Pay is soon going to be available anywhere Visa Checkout or Masterpass exist, bringing it to hundreds of thousands of sites.
Mastercard's biometric payment options, which utilize your fingerprint or face photo for identity verification, are headed to the North American market. The company is working with BMO Financial Group to launch its Identity Check Mobile feature in the market.
As Uber works to increase its presence throughout Central and South America, it has partnered with Mexico's first online bank to issue a branded debit card. Uber is working with Bankaool to give consumers Uber-branded Mastercard debit cards that can be used pretty much anywhere.
MasterCard's "selfie pay" system for payment confirmations has been trialed in the US and Netherlands, and now MasterCard is bringing it to 15 other countries by the summer. With selfie pay, you can confirm a payment via facial recognition, allowing you to avoid pin codes.
Samsung's mobile payment system, Samsung Pay, is already set to launch in the US and South Korea, and it will also reach Europe thanks to a partnership with MasterCard. The US and South Korean launches will take place this month, but the Europe launch could take a while.
Google is reportedly going to avoid taking a cut from transactions that occur through Android Pay. The mobile payment service is very similar to Apple Pay but Google's decision to not take a cut from transactions would set it apart from Apple's system.
MasterCard has created a new way for people to move funds around quickly. Send is a new system that'll allow businesses and individuals to exchange funds within minutes. This removes the need to wait for a check to clear or a transfer to cross banks.
With the United States' change in policy regarding Cuba come new business opportunities for American companies. One of the greatest restrictions on travellers has been an inability to use credit cards in Cuba. Just after the US' policy change, MasterCard has announced