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The way we pay is changing fast, and as retail purchases ramp up for the holidays, fighting online fraud becomes even more important. Mastercard has launched #PayProtected – a new campaign to keep consumers safe when shopping online by helping them spot and avoid scams.
Technology is transforming even as consumer expectations for seamless payments rise. The latest twist on ACH payments — which account for trillions of dollars of volume each year and growing — is the application of open banking technology that makes the process even simpler and more secure. Launched by J.P. Morgan Payments and Mastercard, Pay-by-Bank is an ACH payment that uses open banking, which enables consumers to permit their financial data to be shared seamlessly between trusted parties to let them pay bills directly from their bank account with greater security.
Seven startups join the Mastercard Start Path program to make blockchain technology and digital assets more accessible, build communities for creators, and empower people to innovate for the future through Web3 technologies.
Accelerated by COVID-19, consumers now more than ever are relying on digital options for their everyday financial tasks that require a safe, seamless and secure payments experience. Leading financial institutions around the world are joining the Mastercard Digital First™ Card Program to enable entirely digital payment experiences for consumers—from card issuance and usage to financial management and benefits, with an optional physical card.
To show up for America’s small businesses like they’ve been showing up for communities across the country, Mastercard is expanding one of its signature small business initiatives into new territory with Strive USA. Strive USA is a new effort under the Strive banner of global programs led by the Mastercard Center for Inclusive Growth that will support 5 million businesses in the U.S. over the next 5 years.