Tag Archives: Mastercard

Mastercard Installments Buy Now-Pay Later Coming to More Small Businesses | Small Business Trends

Mastercard Installments Buy Now-Pay Later Coming to More Small Businesses

Mastercard are seeking to meet the demand for powerful Buy-Now-Pay-Later (BNPL) schemes, especially with familiar and trusted brands. Their new partners will be providing support for the program, including US-based financial institutions such as Cross River, Live Oak Bank, MOCA Financial and WebBank, as well as others from the UK and Saudi Arabia.

Consumer Protections and Data Transparency

As well as providing more payment options, Mastercard Installments will also focus on responsible lending practices to support consumers with an enhanced set of protections such as data transparency and insight-driven programs for product improvement.

Using technology, data and insights, as well as their wealth of consulting expertise, Mastercard aims to create a ‘more intelligent way’ to provide installment lending at scale.

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Mastercard will support cryptocurrency payments this year | Mashable

Financial services company Mastercard has given fresh credibility to cryptocurrencies this week by announcing it intends to start supporting payments using them on its network this year.

Many people remain very skeptical of crypto, and who can blame them? The price of Bitcoin is far from stable, and then there’s the threat of someone stealing it. Mastercard looks to be taking a cautious approach, however, and being very selective in what it chooses to support.

“We are preparing right now for the future of crypto and payments, announcing that this year Mastercard will start supporting select cryptocurrencies directly on our network. This is a big change that will require a lot of work. We will be very thoughtful about which assets we support based on our principles for digital currencies, which focus on consumer protections and compliance,” explained Raj Dhamodharan, executive vice president of Blockchain / Digital Asset Products & Digital Partnerships at Mastercard.

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New Credit Card Security Rules Slap Merchants | Inc.com

New security standards released today by Visa, Mastercard, and other credit card companies are going to have a big impact on any business that accepts credit card payments from customers.

The rules, formulated by the Payment Card Industry Security Standards Council, which represents the major card brands, are aimed at making your customers’ credit card data more secure–but they will undoubtedly add to your administrative and operational costs too.

Take a look at the requirements you must follow, as of January 1, 2014:

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