Banco Santander and Mastercard have completed end-to-end payment executed by an artificial intelligence agent. The live trial involved an AI system completing a transaction within a regulated banking framework. It also tested the technology’s security and operational controls in real conditions. Transaction Tested Under Real Banking Conditions Agentic AI in payments refers to autonomous software…
A top Mastercard executive says that the payments giant is gearing up for stablecoins to make a big impact on the global financial system. In a new blog post, Mastercard’s executive vice president and head of global policy, Jesse McWaters, says that the company welcomes the recently passed stablecoin regulation, not only in the US…
Walmart, Amazon, and other massive global companies are reportedly looking into the benefits of having their own stablecoins. According to a new report by The Wall Street Journal, anonymous people familiar with the matter say that some of the world’s largest retailers are considering issuing their very own dollar-pegged crypto assets in the US in…
Mastercard is phasing out manual card entry for one-click online payments, according to a statement by the card payment giant today (Wednesday). According to the company, while in-store transactions have become nearly effortless with contactless payments, online shoppers still type in their 16-digit card numbers, expiry dates, and security codes. Mastercard aims to change this…
President-elect Donald Trump has proposed a temporary cap on credit card interest rates at 10%, aiming to alleviate the financial strain on Americans burdened by high-interest debt. This initiative, part of his broader economic plan, intends to provide immediate relief to working-class families grappling with rising living costs. While this policy could bring substantial benefits…
Mastercard has introduced a new technology infrastructure in Saudi Arabia to enable local processing of e-commerce transactions. According to the firm, this system aims to provide secure and efficient payment services for Mastercard partners and consumers. It also supports the Kingdom’s push for digital commerce expansion. SAMA Supports Mastercard Gateway Launch Backed by the Saudi…
Mastercard NYSE: MA just announced an acquisition to beef up its capabilities in cybersecurity and threat prevention. It will buy Recorded Future, the world’s largest threat intelligence firm. When it comes to companies deeply embedded in the payments industry, it makes sense why Mastercard spent $2.65 billion on the company. Get Mastercard alerts: Sign Up…
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Crypto holders in Europe will now be able to spend their crypto almost anywhere from the safety of their self-custodial wallets thanks to a new payment card from Mastercard. Mercuryo, a fintech platform for web3 firms, announced its collaboration with the payments provider on Thursday to launch “Spend” – a multi-chain crypto card and Mastercard…
Netherlands-based payment service provider for online merchants PayU has teamed up with Mastercard to introduce new cross-border issuer authentication solutions. The new service promises to enhance global payments by offering merchants, issuers, and consumers a better payment experience across multiple markets. According to a report by Inc42, PayU introduced these solutions at the Global Fintech…