Sun. Nov 27th, 2022

master card

Today, SumUp and Mastercard are announcing their new payment services tailored for Ford commercial vehicles in Germany, France, Italy, Spain and the United Kingdom.

With this new solution, small business owners that typically use commercial vehicles – including food trucks, beverage suppliers, mobile florists and other tradespeople – can accept card payments directly from their vehicles.

One of the main advantages of this solution is that it gives entrepreneurs the ability to accept payments from their customers immediately, rather than waiting for an invoice to be paid at a later date. This in turn can help them manage their cash flow more optimally, particularly in cases when they need to receive a deposit to buy the materials to start the job or pay their subcontractors.

Another benefit is that it gives these small businesses more choice by enabling them to accept card payments – including contactless – as

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Mastercard Inc. MA has expanded the testing process of its digital identity service, ID, at Australia Post and Deakin University.

ID offers businesses, governments and educational institutions an end-to-end solution for creating, validating and using a digital identity.

Via ID, new ways are being created to confirm an individual’s identity without having to hand over any physical documents when filling in an application form, accessing benefits, booking accommodations and more.

This latest pilot test builds on the earlier evaluations performed at Deakin University. It is now being explored as to how Mastercard’s ID can securely connect and integrate with services from other providers like Australia Post’s Digital iD. The pilot test involved students to create a digital identity on Australia Post’s Digital iD app and use it to gain access to Deakin University’s exam portal.

Mastercard’s digital identity service is gaining a huge momentum, courtesy of rising demand for myriad

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As a leading payment facilitator, Mastercard Inc. MA has been gaining from a shift in payments to online and digital modes from the physical ones. The transition to electronic payment has been consistent from the past many years and the COVID-19 episode further accelerated this trend.

Per the National Retail Federation (NRF) forecast, the 2020 holiday sales season is expected to be very strong. Additionally, since most people are doing much of their shopping online, Mastercard’s U.S. transaction volumes are likely to witness a surge in the fourth quarter of 2020.

According to NRF, holiday sales (in November and December) will grow 3.6% to 5.2% this year from the last five-year average of 3.5% and the reading of 4% recorded last year. Also, social distancing and preference for digital channels will lead to a 20-30% increase in non-store sales (including e-commerce, curbside pickup, etc.).

Business from the United States

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Mastercard Incorporated MA recently announced that it has collaborated with India’s leading credit card issuer, SBI Cards & Payment Services Ltd, to launch contactless payments on the SBI Card app. Following this tie up, SBI Card app becomes India’s first credit card issuer to utilize Mastercard’s tokenization platform — Mastercard Digital Enablement Service (MDES).

The latest move enables SBI Card Mastercard cardholders to make payments of upto INR 2,000 with merely a tap on their mobile. For payments exceeding INR 2,000, the cardholders need to provide their Card PIN on the point of sale (PoS) terminal.

In order to avail such benefits, the cards just need to undergo a one-time registration on the upgraded version of the SBI Card mobile app. Following the registration, cardholders can make payments easily by merely unlocking the phone screen and keeping the device in close proximity with any contactless PoS terminal. This, in turn,

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We review our investment case on Mastercard (MA) based on the latest volume data released on Tuesday night (November 24) and other developments since our last update in September.

Since we initiated our coverage with a Buy rating in March 2019, MA shares have returned 46.5% (including dividends). During 2020 year to date, MA shares have returned 15.2%, outperforming the S&P 500 index, was far ahead of “value” play American Express (AXP) but was behind PayPal (PYPL) (whose shares have risen around 90%):

The move to digital payments is a strong secular trend, and we also have Buy ratings on Visa (V) and PayPal and enjoyed strong gains there; we have been Neutral on American Express, which underperformed as expected.

Steady Volume Trends in November

MA’s year-on-year volume growth, including for the last 4 weeks (up to the week ending November 21), is shown below:

MA Switched Volume Growth

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Payment solutions provider Mastercard has completed the second pilot of its digital identity service, ID, with Deakin University and Australia Post.

A statement from Mastercard said the service had been extended this month to verify credentials for students who were taking exams online.

Secure connections and integration with services from other providers like Australia Post were tested in the latest trial.

“The rising demand for, and myriad challenges of, premium online education is accelerating the implementation of new solutions for the global higher education sector,” said William Confalonieri, chief digital officer at Deakin University.

“Being able to pilot this emerging digital identity technology with our students aligns with Deakin’s digital-first strategy and keeps us at the forefront of the innovation wave to deliver a superior experience for students, while bolstering the integrity and confidence of identity verification systems that are safe, secure and accurate.”

During the pilot. students created digital

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London FinTech SumUp is partnering with Mastercard to drive credit card and electronic payment solutions for Ford commercial vehicles.

The solution gives small business owners — food trucks, beverage suppliers, mobile tradespeople — the ability to accept credit cards and other electronic payments directly from their Ford trucks using a feature in the FordPass Pro app.

“Our ambition has always been to support small businesses in their daily work and make it easier for them to get paid doing what they love. The new Marketplace feature within the FordPass Pro app embodies this approach, and we are pleased to be a part of it with our payment technology and wide range of services,” Alexander von Schirmeister, executive vice president Europe, SumUp, said in a statement on Wednesday (Nov. 25).

The new payment services will be available on Ford commercial vehicles in the U.K,

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Image: Mastercard

Mastercard announced the quiet expansion of the trial for its digital identification service, following the successful completion of phase one with partners Deakin University and Australia Post.

Announced in December, the three parties kicked off two trials: The first for an identity verification process of student registration and digital exams at Deakin’s Burwood and Geelong campuses in Victoria, and the second integrating Mastercard’s digital ID solution with the one the postal service is working on.

See also: Australia Post a ‘trusted’ service provider for government identification

The pilot saw students create a digital identity in Australia Post’s Digital ID app and use it to gain access to Deakin University’s exam portal. Mastercard said the ID successfully orchestrated the sharing of verified identity data between the two parties, sending only the specific personal information required to permit entry using its network.

The three organisations expanded the trial to verify

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Mastercard Inc. MA has provided an update on its operating metrics through the week ending Nov 21.

The company announced that it is experiencing steady levels of spending. It perceives that most markets remain in the normalization phase, domestically, with some approaching growth.

As a leading payment processor, Mastercard introduced a four-phase structure comprising containment, stabilization, normalization and growth to monitor the spending levels related to the COVID-19 pandemic.

Thus, the recent data shows that its markets traversed the first two levels, which are containment and stabilization and are approaching the normalization and growth stages. This shows that the worst phase is over and the company is on the path to recovery.

Switched Volume measures the number of times the company’s products were used to facilitate transactions. The metric has continued to show an improving trend since the beginning of May, partly owing to the relaxation of social-distancing measures

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a hand holding an object in his hand: To use this feature, SBI Card Mastercard cardholders will have to do a one-time registration of their card on the latest version of their mobile app. Once registered, they can complete payments simply by unlocking their phone screen and bringing the mobile near the contactless PoS terminal.

© Provided by The Financial Express
To use this feature, SBI Card Mastercard cardholders will have to do a one-time registration of their card on the latest version of their mobile app. Once registered, they can complete payments simply by unlocking their phone screen and bringing the mobile near the contactless PoS terminal.

Mastercard and SBI Cards today announced the launch of their contactless payments on the SBI Card app. SBI card claims to be the first app of a credit card issuer in India to use Mastercard’s tokenization platform, Mastercard Digital Enablement Service (MDES), that allows payment credentials to be securely tokenized and stored in mobile devices.

With this service, SBI Card Mastercard cardholders will not be needed to carry physical cards and can transact at any contactless point of sale terminal using their mobile. So, the cardholders can pay up to Rs 2,000 with just a tap on

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