mastercard Archive

Prepaid card users will finally be protected from fraud and crazy fees

If you’ve been out of touch with the FinTech market recently you may have missed how popular prepaid cards have become. This is especially true when it comes to “open-loop” cards, which are prepaid cards powered by a processor like Visa or MasterCard that can be used anywhere a credit or debit card is accepted. These accounts now look and feel increasingly similar to an actual …

MasterCard launches its ‘selfie pay’ biometric authentication app in Europe

MasterCard is moving from trials of facial biometrics for payment authentication, including one in the U.S. and Canada launched earlier this year, to its first proper rollout of what is colloquially referred to as ‘selfie pay’ (aka MasterCard Identity Check). So basically enabling app users to confirm an online payment by showing their face to their smartphone’s camera. The biometric authentication app is being rolled out in Europe in the following markets: Austria, …

Lydia launches a good old plastic card to go beyond the peer-to-peer payment space

French startup Lydia is launching a card so that you can spend your Lydia balance in every retailer that accepts MasterCard. You can trigger a lot of features in the app. In other words, you remain in control of your card, and not your bank. Lydia started off as a peer-to-peer payment app so that you can pay back your friends using your phone — …

UnionPay’s mobile payments land in North America with Canada debut

China’s UnionPay is bringing its mobile payment system to North America, starting with a launch today in Canada. The UnionPay International subsidiary of China’s interbank network in China, which creates a unified debit and credit card payment network for the country’s banks. UnionPay is actually the third-largest payment network in the world, behind Visa and MasterCard, owing to its reach, and is also increasingly accepted …