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Demonetisation: Paytm launches ''App POS'' for small merchants to accept debit, credit cards

Demonetisation: Paytm launches ''App POS'' for small merchants to accept debit, credit cards

India`s largest digital wallet and payment company Paytm on Wednesday updated its app to launch India`s first APP POS allowing all small and medium merchants to accept all card payments including Rupay, Visa, MasterCard and Maestro.

Indian banks need to adopt fully-encrypted ATM security solutions

This incident is a wake-up call for the Indian banking ecosystem to pause and realise that adopting extra-layered, state-of-the-art encryption security to minimise consumer financial data breach has become essential.

Debit cards risk: Our systems have not been breached, says MasterCard

Leading global payments and technology company Mastercard on Thursday assured its customers that its own systems have not been breached amid fears rising out of security breach with as many as 3.25 million debit cards in India.

Visa CEO Charles Scharf to step down, ex-American Express president to take over

Visa CEO Charles Scharf to step down, ex-American Express president to take over

Visa Inc said Chief Executive Charles Scharf, who orchestrated the company`s reunion with its European affiliate, is stepping down and will be succeeded by former American Express Co President Alfred Kelly.

PayPal, MasterCard reach deal for store payments

PayPal, MasterCard reach deal for store payments

MasterCard Inc said on Tuesday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal`s payment services in stores.

Jerome Valcke: Under investigation secretary general fired by FIFA

Jerome Valcke: Under investigation secretary general fired by FIFA

Valcke has been accused of aiding a scheme to sell 2014 World Cup tickets on the black market.

Ajay Banga, Satya Nadella among world's top 50 biz leaders: Fortune

Ajay Banga, Satya Nadella among world's top 50 biz leaders: Fortune

MasterCard's Ajay Banga and Microsoft's Satya Nadella have been named among the top 50 global business leaders by Fortune magazine, a list that is topped by Nike's Mike Parker.

Fascinating! See how MasterCard turns gadgets, accessories into payment device

Fascinating! See how MasterCard turns gadgets, accessories into payment device

MasterCard has released a promotional video of its new function.

US industry seeks predictability in India's reforms: Banga

US industry seeks predictability in India's reforms: Banga

Seeking "predictability" in India's economic reforms, MasterCard's Indian-American CEO Ajay Banga, representing the top US firms having businesses in India, said he would like to see improvement in ease of doing business.

RuPay card to soon overtake Visa-Master cards in India?

It is interesting to note that, of the 580 million debit cards used in India, 190 million are said to be RuPay card, a huge achievement for a year old card.

EU says MasterCard overcharges customers, retailers

The EU said Thursday that US credit- card giant MasterCard overcharged customers and retailers, having already found rival Visa at fault over fees levied on card payments.

Soon, 'selfies' to verify online payments!

 MasterCard is experimenting with a smartphone app which allows people to confirm their identity and authenticate online transactions via a facial scan.

CAIT campaign to promote use of digital payments

Traders body CAIT Sunday said it has in association with MasterCard has launched a nationwide campaign to promote use of digital payments in trading fraternity and help traders modernise their business operations.

Mumbai named among top 10 tourist destinations in APAC

Mumbai named among top 10 tourist destinations in APAC

 The country's commercial capital Mumbai is among the top ten destination cities in the Asia Pacific region in terms of attracting international visitors, says to a MasterCard index.

HDFC makes to world's top-10 list of consumer finance firms

Mortgage lender HDFC has emerged as the only Indian company among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.

China opens bank card clearing sector to foreign firms

China has announced plans that will allow giants such as Visa and MasterCard to set up credit card clearing services in the country, breaking the monopoly in a multi-trillion-dollar market foreign firms have been trying to tap for decades.

Target announces $19 million data breach settlement with MasterCard

Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013.

RuPay cards of all PSBs now e-commerce enabled: NPCI

The National Payments Corporation of India (NPCI) on Monday said it has completed system integrations to enable e-commerce transactions through RuPay cards of the public sector banks.

Axis Bank, MasterCard, Vanaya partner for B2B invoicing

Axis Bank has tied up with MasterCard and Vanaya Network to provide digital invoicing solutions for B2B payments.

Axis Bank, MasterCard, Vanaya partner for B2B invoicing

Axis Bank has tied up with MasterCard and Vanaya Network to provide digital invoicing solutions for B2B payments.