Tag "MasterCard"

MAS and Mastercard Partner to Strengthen Financial Sector Cybersecurity

The Monetary Authority of Singapore (MAS) and Mastercard have signed a Memorandum of Understanding (MoU) to bolster cybersecurity within the financial services sector. The partnership is built on a foundation of bilateral information sharing of cyber threat intelligence, aiming to

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Worldpay Taps Mastercard’s Ethoca Alerts to Reduce Payment Fraud, Chargebacks

Mastercard and global acquirer Worldpay have announced a partnership aimed at mitigating payment fraud and reducing the prevalence of chargebacks. Chargebacks, which are refunds requested by consumers disputing transactions, are on a steep rise, with projections indicating a surge to

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Mastercard Partnership with Alipay Offers Faster, Secure Remittances to China

Payment giant Mastercard has announced a new partnership with Ant Group’s digital open platform Alipay to expand its cross-border payment services to facilitate quicker and more secure money transfers to China. Mastercard’s initiative is expected to be a boon for

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Unpacking Cross-Border Trade and Supply Payments for Singapore SMEs

In an increasingly globalised marketplace, small and medium-sized enterprises (SMEs) in Singapore are recognising the imperative need to expand beyond domestic confines, aspiring to capture international markets and forge global supply chains. This ambition, however, hinges on the capability to

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Visa, Mastercard to Stop Commercial Card Payments via Fintech Intermediaries in India

The Reserve Bank of India (RBI) has directed major card networks Visa and Mastercard to pause transactions involving card-based payments for commercial services like rent or vendor payments that are processed through third-party fintech companies, according to Reuters. This directive,

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Mastercard Taps Gen AI for Faster, More Accurate Payments Fraud Detection

Mastercard has adopted generative artificial intelligence (AI) techniques to strengthen security measures for consumers and the broader payments network. This move aims to bolster the Mastercard’s Decision Intelligence (DI) system, a real-time decisioning tool that currently facilitates the safe authorisation

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Mastercard Rolls Out Cashless Payments for Jakarta’s MRT Commuters

Payment giant Mastercard has partnered with PT MRT Jakarta (Perseroda) to provide more payment options to commuters for cashless transit experiences. This announcement coincides with the renaming of Senayan Station to Senayan Mastercard Station. Travelers can now top up their MRT

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Mastercard and NEC to Test Facial Recognition Checkout in Asia by 2024

Mastercard, in partnership with NEC, is set to pilot a facial recognition-based checkout system in Asia. The initiative is set to commence with trials next year, targeting potential markets in Asia, including Singapore and Indonesia. This initiative reflects the region’s

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Mastercard and Feedzai Join Forces to Combat Rising Crypto Exchange Fraud

Feedzai, a financial crime and risk management solution provider, has joined forces with Mastercard to enhance crypto fraud protection. This collaboration aims to mitigate the risk of account-to-account fraud involving cryptocurrency exchanges. Recent data reveals that approximately 40% of scam

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Mastercard, FOMO Pay to Allow SGQR Payments By Scanning Cards

Mastercard Singapore and FOMO Pay have collaborated to introduce Mastercard QR within SGQR, the unified national QR code of Singapore. This initiative, in line with EMVCo Merchant-Presented QR standards, allows cardholders to use Mastercard credit and debit cards for payments

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