Sun. Nov 27th, 2022

master card

New solution enables commercial virtual cards to be seamlessly loaded into mobile wallets

PURCHASE, N.Y.–(BUSINESS WIRE)–

Mastercard and its partners, TSYS, a Global Payments company, and Extend, today introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments.

The new mobile virtual card solution addresses the growing demand for digital, contactless commercial payments, which has been amplified by the changing nature of work and business expenses during the pandemic, and the rise of the work-from-home economy. Previously, one of the main barriers to wider adoption of virtual cards has been the inability to load them into a mobile wallet for use at physical point-of-sale terminals. With this new solution, employees or contractors can load their virtual corporate card into their mobile wallet to easily initiate contactless payments with their mobile device.

The solution uses

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Mastercard Incorporated (NYSE:MA) has earned a consensus rating of “Buy” from the thirty-five analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and twenty-six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $350.37.

Several research analysts have recently commented on the stock. Wells Fargo & Company reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, October 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Mastercard from $371.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Truist lifted their price objective on shares of Mastercard from $375.00 to $415.00 in a research note on Friday, August 28th. Morgan Stanley lifted their price objective on

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Mastercard and its partners, TSYS, a Global Payments company, and Extend, today introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments.

The new mobile virtual card solution addresses the growing demand for digital, contactless commercial payments, which has been amplified by the changing nature of work and business expenses during the pandemic, and the rise of the work-from-home economy. Previously, one of the main barriers to wider adoption of virtual cards has been the inability to load them into a mobile wallet for use at physical point-of-sale terminals. With this new solution, employees or contractors can load their virtual corporate card into their mobile wallet to easily initiate contactless payments with their mobile device.

The solution uses Mastercard Digital Enablement Services (MDES) to tokenize virtual card numbers (VCNs) for secure mobile payments. MDES

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Mastercard Inc. MA along with fintech company ZEN has launched a bouquet of digital finance solutions for consumers, freelancers and entrepreneurs. These digital solutions will make it easy for these entities to pay safely both online and in-store with contactless payment card. ZEN’s products are available across all countries in the European Economic Area.

ZEN users get the Mastercard card either in plastic or digital-only form. Customers can add this card to their Apple Pay and Google Pay mobile wallets. Further, Mastercard’s tokenization technology adds security to the payment transaction.

Holders of ZEN payment card also get access to exclusive benefits, such as cashback and one-year extension of the manufacturer’s warranty. ZEN card also provides access to multi-currency account, allowing payment facility in 30 currencies with no commission fee.

ZEN’s users comprising both individuals and business clients have an easy recourse in case of charge back claims. Via the Zen

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PURCHASE, N.Y.–(Business Wire)–

Mastercard and its partners, TSYS, a Global Payments company, and Extend, today introduced a mobile virtual card solution that enables virtual corporate cards to be easily loaded into a mobile wallet for fast and secure contactless payments.

The new mobile virtual card solution addresses the growing demand for digital, contactless commercial payments, which has been amplified by the changing nature of work and business expenses during the pandemic, and the rise of the work-from-home economy. Previously, one of the main barriers to wider adoption of virtual cards has been the inability to load them into a mobile wallet for use at physical point-of-sale terminals. With this new solution, employees or contractors can load their virtual corporate card into their mobile wallet to easily initiate contactless payments with their mobile device.

The solution uses Mastercard Digital Enablement Services (MDES) to tokenize virtual card numbers (VCNs) for secure mobile

Read More ... Read More

Virtual cards continue to gain traction in commercial payments, and it’s no surprise. As corporate card products grow more popular, virtual cards provide enhanced security and greater control, without compromising the familiarity of making a credit card payment. The technology has been particularly valuable for corporate leaders who need to retain management over the ways employees spend company cash.

But there is often one major drawback: Actually using the virtual card in a remote setting can be a challenge, as support for virtual cards to be loaded onto a mobile wallet is not ubiquitous.

On Monday (Nov. 30), Mastercard announced a new virtual card offering for corporate clients that aims to address this pain point, as more remotely-working employees require mobile-friendly ways to make payments on behalf of their organizations. The new functionality is powered by partners TSYS and Extend, where virtual cards

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Mastercard on Saturday celebrated 29 years of operations in Bangladesh, recognising partners through an award ceremony styled ‘Mastercard Excellence Awards 2020’

The award, which is now in its second year, coincided with the 7th anniversary of the American payment service provider’s setting up shop in Bangladesh

In India, the shock demonetisation in November 2016 provided the big bang that the country’s digital payment providers needed to further their agenda. 

Across the border, that push seems to have come from the coronavirus outbreak in March this year, with the use of digital payments soaring for everything from groceries to utility bills, lifestyle purchases to food delivery, rides to sacrificial cattle.

And Mastercard on Saturday recognised 17 of its partners for their contribution in furthering the digital payment agenda in 2019-20, particularly during the pandemic, by way of creating innovative solutions and delivering accomplishments in various areas of business growth.

Called the

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Ordering food at home just got easier with a partnership between Mastercard and Delivery Hero to digitise payments, allowing hungry customers to pay for deliveries with a contactless payment or through a digital wallet.

The deal will also speed up payments for delivery riders and to restaurants, spending up supply chain settlement and boosting financial inclusion, according to a senior Mastercard executive.

The deal between the Mastercard and Delivery Hero covers its Zomato, talabat, and Hungerstation brands across eight countries in the Middle East and North Africa, including the UAE, Saudi Arabia, Kuwait and Egypt. In all, more than 20 million customers will be able to pay for food deliveries via contactless payment or through a digital wallet, which will have additional rewards and offers.

Even amid the rapid pace of digitisation in the Gulf, the deal with Delivery Hero stands out for its size and scope, covering more than

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American multinational company Mastercard and the United States Agency for International Development (USAID) have partnered under the Women’s Global Development and Prosperity Initiative (W-GDP) to launch Project Kirana to address the inequality due to the gender gap that limits women entrepreneurs to advance in their careers and thrive their businesses. 

The project will be implemented by DAI and ACCESS Development Services in select cities of Uttar Prades — including Lucknow, Kanpur, and Varanasi. The two-year project will focus on increasing revenue streams, expanding financial inclusion and improving digital payments adoption of kirana shops that are owned or operated by women. 

Project Kirana is an extension of Mastercard’s commitment to empower and enable entrepreneurs through a suite of commercial products, partnerships and philanthropy. Porush Singh, Division President, South Asia, Mastercard said, 

“Women-owned businesses in India, especially small businesses, have tremendous untapped potential that can transform economies. Yet, India has one of

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Ajo LP acquired a new stake in shares of Mastercard Incorporated (NYSE:MA) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 442 shares of the credit services provider’s stock, valued at approximately $149,000.

A number of other institutional investors also recently added to or reduced their stakes in MA. Carolina Wealth Advisors LLC acquired a new stake in shares of Mastercard during the third quarter worth approximately $30,000. Newfound Research LLC bought a new stake in Mastercard in the third quarter valued at approximately $34,000. Larson Financial Group LLC increased its stake in Mastercard by 55.2% in the third quarter. Larson Financial Group LLC now owns 104 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 37 shares in the last quarter. Avion Wealth acquired a new stake in Mastercard in the third quarter worth

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