Purchases for goods and services from merchants worldwide in 2013 grew by $2.786 trillion or 22.0% to $15.422 trillion*.
MasterCard is expecting an uplift in contactless transactions to lead to a revolution in mobile payments, with the card scheme currently running 50 NFC pilots across Europe.
SIX Payment Services and MasterCard will jointly provide the wallet payment platform MasterPass for card issuing banks.
First Data and MasterCard today announced an agreement in which First Data's STAR Network will participate in MasterCard's common U.S. Debit EMV solution.
MasterCard reported a growth of 40% in gross dollar volume, or GDV, for its prepaid card business across Asia/Pacific, Middle East & Africa (APMEA) for 2013 (y-o-y).
Global Payments Inc. (GPN), one of the largest worldwide providers of payment solutions, today announced that it will implement MasterPass™, a digital payments service that allows consumers to use any payment card or enabled device for an enhanced shopping experience.
President Vladimir Putin says Russia will set up its own payments system after MasterCard and Visa cut off services to several of the country's banks in response to US sanctions.
MasterCard today announced that it has appointed Anna Yip as head of Hong Kong and Macau.
Monitise has raised around £109 million in a share-placing which sees MasterCard take a minority stake in the mobile money firm.
National Association of Federal Credit Unions (NAFCU) released the following statement today in support of the appeals court decision to overturn the district court's decision regarding the Federal Reserve Board's interchange rule.
© Finextra Research 2014