Tag "MasterCard"
Mastercard Launches Mobile App for Adding Virtual Cards to Digital Wallets
Payments giant Mastercard has launched a new mobile app that allows virtual commercial cards to be added directly to digital wallets, enhancing contactless payment solutions for businesses. This app is a development aimed at providing financial institutions with more options
Read MoreFinancial Sector Dominates LinkedIn’s ‘Best Workplaces’ in Singapore
LinkedIn has released its Top Companies list for 2024, identifying the 15 best workplaces for career growth in Singapore. Financial institutions dominate this year’s rankings, emphasizing the sector’s focus on employee experience and adaptability in integrating artificial intelligence. The analysis,
Read MoreMAS 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
Read MoreWorldpay 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
Read MoreMastercard 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
Read MoreUnpacking 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
Read MoreVisa, 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,
Read MoreMastercard 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
Read MoreMastercard 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
Read MoreMastercard 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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