Soon after first announcing its planned debit card solution with SoFi, Samsung has revealed further details about the project, including the involvement of Mastercard. Officially dubbed “Samsung Money by SoFi”, the project is described in a new statement as a “mobile-first money management experience”. It comprises a Mastercard debit card and a cash management account…
Mastercard has joined the ID2020 Alliance, the financial services giant has announced. The latter group is a public-private partnership aimed at promoting user-managed digital identity solutions. The organization has worked with global companies including Accenture and Microsoft in support of United Nations efforts to establish recognized identity as a basic right, and has actively explored…
Mastercard is offering free security assessments to small businesses in Canada. The initiative is specifically intended to support establishments that are conducting more business online due to the social distancing requirements associated with COVID-19. In that regard, Mastercard notes that many smaller businesses are scrambling to introduce new online services, and may not be prepared…
Mastercard has released the results of a global survey that suggests that the COVID-19 pandemic is accelerating the adoption of contactless payments. An astonishing 79 percent of the respondents confirmed that they are now using contactless payments, with many citing safety as their primary motivation for doing so. To that end, 82 percent of the…
RiskRecon and Mastercard are offering free cybersecurity rating assessments to all healthcare organizations. The offer is being made in collaboration with the Health Information Sharing and Analysis Center (H-ISAC) to help H-ISAC members protect their digital infrastructure during the COVID-19 pandemic. “The current pandemic is not only a serious health issue, but potentially a major…
Mastercard is urging its merchant partners in Canada to raise their caps on contactless payments to $250. In announcing the effort, Mastercard framed it as one focused on public health, under the rationale that contactless payments help to facilitate social distancing during the COVID-19 pandemic. It also may be viewed as an effort to further…
At a time of deep concern over the spread of COVID-19 and its future economic effects, this week’s roundup of Mobile ID World’s top stories may offer a balm with its assortment of stories pointing to the future of mobile and identity technologies. First up, some news that could see mobile technology proliferate more widely…
Mastercard has formed a global partnership with Samsung that will make the Pay on Demand platform more readily accessible to consumers and small businesses in emerging markets. The Pay on Demand platform allows consumers to gain access to devices on a pay-as-you-go basis, and is part of a broader effort to raise digital inclusion around…
Mastercard has further solidified its relationship with Trust Stamp after formally making a strategic investment in the company. Based out of the Georgia Institute of Technology, Trust Stamp went through Mastercard’s Start Path accelerator back in 2018, and later collaborated with Mastercard on an AI-based authentication solution that does not rely on Personally Identifiable Information.…
Mastercard and the Government of Canada have announced a new $510 million facility for the city of Vancouver that will focus on cybersecurity and tech innovation. The project was announced by Mastercard and federal Innovation Minister Navdeep Bains at the World Economic Forum in Davos, Switzerland, last week, and will include a $49 million subsidy…
IDEMIA has teamed up with Mastercard and Deutsche Bank to place its Motion Code technology in a new credit card in Spain. The new card has been dubbed the Tarjeta Calma. So what makes Motion Code so significant? Traditional credit cards have a static three-digit CVV code on the back of the card, which usually…
QRails has teamed up with Samsung Pay to improve the loyalty programs for several football clubs in the UK. The partnership will allow fans of Queens Park Rangers, Swindon Town, and Peterborough United to add a club-branded debit Mastercard to a Samsung Pay account, which will then allow them to use Samsung Pay to complete…
Digital payments giant Visa has announced that participants in its Visa Token Service are set to reach an estimated $1 trillion in combined eCommerce transactions since the service was first introduced in late 2014. The Visa Token Service was launched as a way to replace a user’s sensitive account information with a unique digital identifier…
Mastercard is moving forward with a pilot of a new digital identity service that would facilitate secure identity checks in digital and real-world settings. The first tests will be carried out in Australia, and specifically at the Australia Post and Deakin University. The new solution was designed as a replacement for physical ID documents. To…
Last week, Mobile ID World kicked off Biometric Smart Cards Month with an overview of the industry trends and technological developments that led to the emergence of this compelling new technology. This week, we’ll take a closer look at the specific technologies in play in the world of biometric payment cards in particular, which are…
“The biometric credit card trial will see payment cards issued to 150 participants, with spending limits for contactless transactions set to £100…” NatWest has started trialing biometric credit cards in the UK, the major bank has announced. The move follows a trial of biometric debit cards conducted earlier this year. As in that pilot program,…
Some of the world’s leading cybersecurity and international policy experts have joined forces to create the CyberPeace Institute, a new NGO that will seek to mitigate the effects of major cyberattacks. Stéphane Duguin will come on as the organization’s CEO, while Marietje Schaake will serve as President and Chair of the Advisory Board. Together, they…
The digital identity startup Syntizen Technologies has completed a successful Pre-Series A funding round, receiving an undisclosed amount of money from Mastercard and ACPL, a biometric solutions provider. Syntizen is based in Hyderabad, India, and plans to use the funds to improve its products and fuel its domestic and global expansion. “Mastercard’s investment is…
“As previously communicated, we are expecting modest initial volumes of biometric smart cards to be delivered at the end of 2019, followed by larger volumes in 2020.” – Stefan K. Persson, CEO, Precise Biometrics Precise Biometrics has issued its latest quarterly results, depicting a dip in revenues but continuing progress in the company’s three key…
