Articles by tag: Mastercard
The retail space is heating up with innovation. Consumers are increasingly seeking personalized experiences and brands are harnessing the powers of new technologies and data to fulfill these demands like never before. In today’s episode of Retail Refined, host Melissa Gonzalez has partnered with Mastercard, a global leader in the solutions at the forefront […]
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Legacy Payment Companies Embrace Blockchain Solutions. Their Infrastructure is Still “Fundamentally Not Aligned” with Web3 Payments.
Legacy payment companies are finally embracing blockchain solutions at scale, though still behind compared to the innovation that young fintech companies are bringing to the next generation of payment solutions. Regardless, this embrace is taking many shapes, and it’s still not a guarantee that they’re up to the task. In the last year, Visa […]
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As Legacy Payment Companies Lag Behind in Blockchain Adoption, What Will Keep Them Competitive in Web3?
Legacy payment companies aren’t at the forefront of new blockchain solutions, and all things considered are still pretty late to blockchain adoption, getting out-innovated by smaller, more nimble FinTech companies. However, we’re finally starting to see more holistic movement on web3 from the biggest players in the space, with some like MoneyGram gaining industry-wide recognition […]
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NYC, Goldman Sachs Launch Effort to Give Struggling Small Businesses a Lift
(Bloomberg) — New York City Mayor Eric Adams on Monday will announce a new partnership with Goldman Sachs Group Inc. and Mastercard Inc. that will create the largest public-private loan fund for small businesses in the city’s history. The $75 million NYC Small Business Opportunity Fund will offer businesses loans ranging from $2,000 to $250,000 […]
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How Card Issuers and Merchants Maneuvered One Year of Mastercard’s Magstripe Phase Out
Coming up on one year from the official announcement, retailers and card issuers rejoiced at Mastercard’s announcement that by 2024, issuers will no longer be required to use magnetic stripes on their credit and debit cards. In response to growing security concerns for storing customer credit card information on a magnetic stripe, EMV chip-based […]
Retail
Will Transaction Fees in Retail Payments Go Extinct?
The majority of the world’s 2.8 billion credit cards are issued by just four powerhouses, and within that, it’s really a fight among the top two: Visa and Mastercard. According to ShiftProcessing.com, over half the credit card market share belongs to Visa alone, considering it has 335 million cards in circulation. It’s no surprise […]