Mastercard operates in the payments industry, focusing on building an inclusive digital economy. The company connects people, financial institutions, governments, and businesses through secure data and networks. Mastercard facilitates transactions by charging fees to merchants and financial institutions for processing payments. It serves a wide range of clients across over 210 countries and territories, aiming to make transactions safe, simple, and accessible. Mastercard differentiates itself from competitors by emphasizing partnerships and innovative technologies to promote growth and sustainability. The company's goal is to create a more inclusive financial system that benefits everyone.

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Mastercard

Terminal tractor manufacturer Tico Manufacturing has partnered with TreviPay to launch a new program that enables Tico to offer buyers in the U.S. and Canada a credit line with 30-day net terms.The program, Tico Charge, also includes an online portal that offers payment tracking, consolidated invoicing and spend controls, the companies said in a Wednesday (Jan. 22) press release.“Our partnership with TreviPay will help ensure our customers have positive purchasing experiences,” David Hough, senior director product support at Tico, said in the release. “As a B2B payments expert, TreviPay’s trusted technology will cement TICO’s place as a reliable and high-quality manufacturer at all stages of the buyer journey.”TreviPay, a B2B payments and invoicing network, enables suppliers like Tico to offer B2B buyers invoicing and preferred payment methods, according to the release.Tico Charge allows approved buyers to immediately begin spending on credit and receive a single, centralized invoice, per the release. Later versions of the program will add eInvoice integrations.These offerings help Tico’s customers, who are dealers and fleet services, reduce the burdens of manual invoicing and reconciliation, the release said.“With the demands of an increasingly global market, there is a need for efficiency in business payments for suppliers to maintain a competitive advantage,” TreviPay CEO Brandon Spear said in the release. “Incorporating A/R automation tools and offering preferred payment methods will enhance operational performance and ensure positive, loyalty-building experiences in manufacturing.”In another partnership announced in June, TreviPay said it will provide payments and invoicing solutions to a program offered by HDA Truck Pride, an independent provider of parts and services to the commercial vehicle aftermarket.TreviPay’s B2B payments and invoicing network enables the service providers participating in the FUSE National Account Program to offer invoicing and commercial payment terms to the fleets they serve.In January 2024, TreviPay partnered with Mastercard to add a Universal Acceptance solution to its B2B payments and invoicing network.This solution aims to expand supplier access to TreviPay’s payments and invoicing technology, allowing them to offer net terms or trade credit financing, as well as SKU-level invoicing, to business buyers.For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter

Tico Manufacturing Partners With Trevipay To Offer Credit Program

Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to facilitate the movement of funds from Jordan to 37 countries.The bank will also incorporate Mastercard value-added services like fraud analytics and risk control, the companies said in a Thursday (Jan. 16) press release.“We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions,” Cairo Amman Bank CEO Kamal Al-Bakri said in the release. “The collaboration with Mastercard will empower us to elevate our payment capabilities and reinforce our position in Jordan’s financial sector.”Mastercard Move, which is Mastercard’s portfolio of money movement capabilities, powers personal payments, disbursements, business payments and other payment experiences, according to the release.It provides access to more than 95% of the world’s banked population, per the release.“Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-border payment solutions to Jordan,” Adam Jones, division president, West Arabia, Mastercard, said in the release. “Together with Cairo Amman Bank, we will provide local businesses and consumers with the confidence needed to navigate today’s global market and allow them to transact internationally with ease.”Mastercard said in November that it is collaborating with Arab regional payment system Buna to drive faster, cheaper and more transparent cross-border payments in the Middle East and North Africa (MENA) region.The partnership brings together Mastercard Move’s money transfer capabilities and extensive network with Buna’s cross-border payment system to facilitate cross-border payments into and out of the MENA region.In October, the company teamed up with Citi to enable cross-border payments to Mastercard debit cards in 14 receiving markets across Europe, Asia, Africa, Latin America and U.S. domestic transfers, with plans to expand it further in the future.The collaboration leverages Citi’s WorldLink Payment Services and Mastercard Move’s money transfer capabilities.Mastercard also partnered with Verituity to enable near real-time payments for commercial banks and payers by integrating Mastercard Move with Verituity’s payments platform.Verituity’s cloud-based, white-labeled payments platform connects banks, businesses and payees to verified payouts and intelligent “pay-by-anything” experiences, allowing payers to offer a customized payout experience that lets payees receive payments the way they want

Cairo Amman Bank Taps Mastercard Move To Facilitate Cross-Border Payments

Checkout is the last mile in commerce, representing the critical moments of decision-making that can make or break a sale — and by extension, merchants’ fortunes. Joint research from PYMNTS Intelligence and Mastercard in the “Online Merchant Checkout Innovation Report” found that more companies encounter trouble with their checkout processes than with payments processing. It’s a global issue, illustrated in the pain points experienced by merchants in the United States and four other markets surveyed by PYMNTS Intelligence, including Australia, Brazil, the United Arab Emirates and the United Kingdom. Six in 10 middle-market firms said they struggled with the user experience during checkout online. Mastercard’s Jennifer Macrae, senior vice president of global digital channel enablement, and Sukhmani Dev, senior vice president of North America digital product management, said the problem is acute enough that more than three-quarters of merchants are looking for ways to streamline checkout to boost sales conversions

Mastercard: It Takes A Village To Improve The Online Checkout Experience

Retail and food services sales in the United States grew in December.They increased 0.4% compared with November and 3.9% compared with December 2023, according to advance estimates released Thursday (Jan. 16) by the Census Bureau.December’s gains followed November’s month-over-month gain of 0.8% and year-over-year gain of 4.1%.Compared to November, 11 of the 14 categories of businesses included in the report saw sales gains in December.Those making the biggest gains were miscellaneous store retailers, up 4.3%; sporting goods, hobby, musical instrument and book stores, up 2.6%; and furniture and home furnishings stores, up 2.3%.Nonstore retailers — which include eCommerce merchants and other retailers operating outside of fixed point-of-sale locations — saw a gain of 0.2% in December compared with November.The three categories that saw month-over-month declines were building material and garden equipment and supplies dealers, down 2%; food services and drinking places, down 0.3%; and health and personal care stores, down 0.2%.Total sales for the full year of 2024 were up 3% from 2023, according to the Census Bureau’s advance estimates.Commenting on the Census Bureau data, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said in a Thursday press release that the figures for core retail sales during the holiday season “clearly underscored the solid growth in the U.S. economy.”Holiday season core retail sales — which the NRF calculated based on Census Bureau data for Nov. 1 through Dec. 31, excluding automobile dealers, gasoline stations and restaurants — were up 4% compared with 2023, the organization said the release.“The spending pace was back to pre-pandemic growth and indicates a good start for the year ahead,” Kleinhenz said in the release.Target announced Thursday that it raised its sales guidance after seeing record post-Thanksgiving sales. The retailer said it now anticipates an approximately 1.5% increase in fourth-quarter comparable sales after earlier projecting flat growth.“Compared with its third-quarter sales trends, the company saw a meaningful acceleration in discretionary categories during the holiday timeframe, most notably in apparel and toys, and saw continued strength in beauty and frequency categories,” Target said in a press release.Mastercard said Dec

Retail And Food Services Sales Grow 3.9% Yoy In December

Developing markets like Africa’s offer business prospects for the private sector while benefitting. [+] the UN’s most vulnerable stakeholders. Building financial infrastructure is a prime example of such opportunities. (Photo by Michael M. Santiago/Getty Images)Getty Images. The United Nations has a PR problem in the private sector

How Businesses Can Leverage The United Nations For Economic Growth

It finally happened. In 2024, bitcoin topped $100,000, capping off a year of growing mainstream adoption and technological innovation. Will 2025 bring cryptocurrency fans similar good fortune? Certain experts think bitcoin, the first cryptocurrency, could double its record-high valuation and reach $200,000. But bitcoin’s rise is just one chapter in the ongoing story of cryptocurrency’s evolution and the blockchain industry’s maturation. The future of digital assets is not just about price points and market caps — it’s about how these Web3 technologies are working to reimagine digital finance and commerce on a global scale

This Week In Web3 Innovation: Crypto Policies, Payments And Stablecoins

Biometrics are increasingly being adopted for use at sports and other live events. The technology is being used to enhance ticketing, credentialing, and sales of concessions, merchandise and alcohol, BiometricUpdate.com reported Tuesday (Dec. 31). The report cited examples of solutions being deployed by companies and leagues in the United States, Europe and Latin America

Global Live Events Industry Focuses On Biometrics In 2025

Mastercard expands its operations in West Africa with opening of first office in Accra, Ghana.

Mastercard Expands its Operations in West Africa with Opening of First Office in Accra, Ghana

As the news Thursday (Jan. 9) that FV Bank is expanding its stablecoin capabilities via a partnership with PayPal underscores, businesses need a blockchain strategy. The problem? At a technical and business level, certain blockchain applications remain cramped by interoperability. At their core, blockchain payments like stablecoins are built on intricate systems composed of various layers, from the underlying distributed ledger technologies to smart contracts, APIs and user-facing applications

Blockchain Interoperability Hits The Right Note For Crypto Payments

Call it a renaissance for brick-and-mortar commerce. The rebound of in-store browsing and buying may scarcely seemed imaginable just a few years ago, in the midst of the pandemic, where it seemed that clicking on the buy button was here to stay as, really, the only option to get what we needed and wanted. But now, as 2025 settles in and post-holiday shopping data rolls in, it’s become clear that there’s value in the tactile shopping experience, though it’s being fine-tuned with digital features. That means that merchants will need to examine their point-of-sale (POS) experiences and technologies so that commerce can happen at any point in the (literal) aisles, where customers can use their preferred payment options and embedded financing can appear at the right time

Surge In Brick-And-Mortar Commerce Will Spur Pos Innovation

Synchrony is giving certain customers access to the Pay Later feature of Apple Pay. The offering lets customers pay according to the standard terms of their credit card or use a promotional offer that includes fixed monthly payments, Synchrony said in a Thursday (Jan. 16) press release. The program is open to eligible members of the Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard programs, according to the release

Synchrony Gives Customers Access To Apple’S Pay Later

British independent consumer group and rating provider Fairer Finance has added new business bank account product rankings designed to help small businesses. The group now offers ratings for more than 30 product types, including insurance, banking and credit products, Fairer Finance said in a Monday (Jan. 20) press release emailed to PYMNTS. The new business banking product rankings are designed to ease a process that can be time consuming and confusing, especially for new entrepreneurs, Fairer Finance Managing Director James Daley said in the release

Uk Consumer Group Launches Business Bank Account Product Ratings

Commerce technology firm FreedomPay has launched a partnership with Mastercard. The collaboration, announced Monday (Jan. 13), is designed to give businesses a “simplified and extended global payment gateway solution,” while also streamlining their ability to connect with acquirers and accept a broader array of payment methods. “The complexity of navigating diverse payment systems across borders can hinder the growth of international commerce,” Chris Kronenthal, FreedomPay’s president, said in a news release. “By joining forces with Mastercard, we are breaking down these barriers and empowering merchants with a single, unified platform for seamless global transactions.”

Freedompay Teams With Mastercard To Bolster International Commerce

Facilitates secure digital payment transactions

Mastercard

Facilitates secure digital payment transactions

Mastercard

Facilitates secure digital payment transactions

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