Nine British banks are betting on Mastercard’s new Consumer Fraud Risk platform, which flags risky transactions to prevent authorized push payment scams in real-time. As the UK prepares to roll out regulation to require banks to reimburse victims of authorized push payment (APP) scams, Mastercard is stepping up to the plate with new fraud fighting technology. […]
Tag: Mastercard
Despite regulatory uncertainty and recent turmoil in the crypto markets, Visa and Mastercard are doubling down on efforts to prepare for blockchains to become mainstream payments infrastructure. Visa and Mastercard have both indicated their commitment to crypto in recent days through job descriptions and product updates. Their investments are a form of futureproofing: If blockchain […]
As the number and diversity of cyberattacks continue to increase, FinServs need to use sophisticated tech tools to outsmart their enemies – including the use of “honeypots” to gather data. Mastercard announced the acquisition of Sweden-based cybersecurity firm Baffin Bay Networks on Monday to help its clients fend off cyberattacks. Baffin Bay’s threat protection platform […]
Although quantum computing is still in its infancy, financial institutions can benefit from considering future use cases, setting up experiments, and skills-building. For Mastercard, that means seeing how quantum could help personalize rewards programs. Mastercard has partnered with D-Wave to research how quantum computing could supercharge its loyalty and rewards programs. Quantum – an emerging […]
Pay-by-bank capabilities – which let consumers pay bills directly from their bank accounts without having to type in routing or account numbers – reduces risks and costs for merchants and can earn goodwill from consumers. Mastercard and JPMorgan just announced a new pay-by-bank product to let consumers pay bills directly from their bank accounts with […]
Complex IT systems require increased visibility: Observability platforms can help teams understand their tech stacks, troubleshoot and optimize data workloads, and keep costs under control. Mastercard’s back-end infrastructure is incredibly complicated and inter-connected. “Big data means that even a small problem can cause a large impact,” Mastercard principal engineer Chinmay Sagade said in a presentation last […]