Summer 2027

Technical Product Management Intern

Switching Solutions

Posted on 9/2/2026

Mastercard

Mastercard

11-50 employees

Global payments network and services provider

Compensation Overview

$25 - $30/hr

+ Bonus + Commission

No H1B Sponsorship

O'Fallon, MO, USA

In Person

Bachelor's

Category
Product (1)
Required Skills
Product Management

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Requirements
  • Currently enrolled in a Bachelor's degree program, with an anticipated graduation date between December 2027 and June 2028.
  • Previous internship, academic project, or relevant experience involving product analysis, business requirements gathering, stakeholder engagement, or related activities.
  • Demonstrated leadership experience through coursework, student organizations, volunteer work, or other extracurricular involvement.
  • Strong verbal and written communication skills, with the ability to engage and collaborate with individuals across varying levels of technical and business expertise.
  • Ability to translate business needs and objectives into clear, actionable technical requirements.
  • Strong problem-solving and analytical skills, with an interest in bridging business goals and technology solutions.
  • Must be eligible to work in the United States now and in the future without employer sponsorship.
Responsibilities
  • Work on projects that support business priorities.
  • Collaborate with program owners, product managers, delivery teams, technology organizations, regional and global partners, and technical writers to define business requirements and drive effective technology solutions.
  • Support strategic alignment, informed decision-making, and delivery of customer and business value across transaction switching, clearing, network products, and related initiatives.
  • Abide by Mastercard's security policies and practices.
  • Ensure the confidentiality and integrity of accessed information.
  • Report suspected information security violations or breaches.
  • Complete periodic mandatory security trainings in accordance with Mastercard's guidelines.

Mastercard operates a global payments network that enables people and businesses to pay with cards and digital methods. Banks issue Mastercard-branded debit and credit cards, and Mastercard’s network authorizes transactions, clears them between banks, and settles funds, allowing merchants to receive payments securely and quickly. The company differentiates itself by leveraging a worldwide alliance of banks and merchants, transitioning from a cooperative of banks to a publicly traded company via its 2006 IPO, and continuously expanding its reach through partnerships and new payment technologies. Mastercard’s goal is to provide fast, secure, and convenient cross-border payment services and to grow its share of the global payments market by enabling merchants and customers to transact smoothly anywhere in the world.

Company Size

11-50

Company Stage

IPO

Headquarters

Town of Harrison, New York

Founded

2007

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Simplify Jobs

Simplify's Take

What believers are saying

  • QNB and Mastercard reopened Syria's card rails, unlocking future merchant and cross-border volume.
  • Mastercard launched Agent Suite and broadened crypto partnerships in 2026, including RLUSD.
  • Hedge funds and mutual funds increased Mastercard exposure as Q2 2026 payment volumes rose 10%.

What critics are saying

  • U.S. Judge Brian Cogan reviews the $38 billion swipe-fee settlement in 2026.
  • New York merchants filed an April 21, 2026 antitrust suit attacking Mastercard's fee rules.
  • Visa, American Express, and stablecoin rails disintermediate Mastercard's take-rate model by 2030.

What makes Mastercard unique

  • Mastercard's global network processed Syria's first end-to-end international card payment on August 27, 2026.
  • Mastercard's March 11, 2026 Crypto Partner Program includes Circle, Binance, and BitGo.
  • Value-added services drove Q2 2026 revenue to $9.28 billion and 61.1% margin.

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Benefits

New Parent Leave

Inclusive Family Building Benefit

Employee Family Resource Program

Bereavement Leave

Dependent Scholarship

Employee Assitance Fund

Business Resource Groups

Employee Recognition

Flexible Work

Tuition Assistance

Travel Assistance

Matching Charitable Gifts

Company News

Trade Magazin
Aug 31st, 2026
AI agents can come to checkouts: they can take over the entire purchase from consumers.

AI agents can come to checkouts: they can take over the entire purchase from consumers. By: Trademagazin Date: 2026. 08. 31. 14:43 Hallgasd a cikket: The next big revolution in e-commerce could be brought about by so-called AI agents: these systems no longer only recommend products, but also search, compare, add to cart and even pay with the customer's authorization. According to the analysis published in Világgazdaság, payment service providers are already preparing for the mass spread of "agent commerce", and Visa expects that millions of customers will be able to use such solutions already this holiday season. The essence of so-called agentic commerce is that artificial intelligence does not stop at providing advice. For example, the user can specify that they want a barbecue dinner for six people, need meat, beer and charcoal, and the amount cannot exceed 25 thousand forints. The AI can then independently browse the online offer, select the appropriate products, assemble the basket and process the payment. The foundations of the technology are already being built. OpenAI and Stripe launched a solution in 2025 that allowed some US users to make purchases directly in ChatGPT, and later more than a million Shopify merchants joined the system. Payment giants are also preparing. In 2026, major payment providers also turned to AI-based shopping. Visa Intelligent Commerce and Mastercard are building systems called Agent Suite in which AI agents can initiate transactions in a controlled manner. The key question is how to verify that the software acting on behalf of the buyer actually has the necessary authorization to do so. This could be achieved through so-called Know Your Agent solutions, which would extend a similar level of control to bank customer identification to artificial intelligence agents. According to a 2026 survey by nShift, 58 percent of consumers are already using some kind of AI tool during shopping, for example for price comparison or product recommendations. The company predicts that by 2030, up to a quarter of online commerce spending could be done through AI agents. AI can be kept on a short leash. With such systems, the user is expected to be able to set detailed limits. For example, you can define a monthly or per-transaction spending ceiling, permitted product categories and merchants, or an amount limit above which the AI must request permission again. Typically, the system would not receive the consumer's actual bank card details for payment, but a limited-use virtual card or other revocable payment authorization. However, the new model also creates new risks. For example, if the AI orders the wrong product or chooses a less favorable offer within the specified limits, it is not clear who bears the responsibility under the current bank card refund rules. American Express is already working on a scheme that could provide protection against erroneous purchases by certain registered AI agents. Retailers also need to rethink their operations. The spread of AI agents could also mean a major change for online retailers. In the future, it will be less and less important how a product appears to a human in a webshop, but also how easily the price, stock, delivery terms and product information can be interpreted by machine systems. In parallel, new competition law and consumer protection issues are also emerging. For example, a fundamental expectation may be transparency as to whether the AI really chose the best offer or whether a merchant paid to gain an advantage in the algorithm's decision. Agent trading may therefore not simply be a new payment method, but a technology that transforms the entire e-commerce value chain. The biggest advantage for the consumer is convenience, and for merchants it may be a new sales channel - while security, liability and transparency of algorithmic recommendations still have many issues to be resolved.

Yahoo Finance
Aug 31st, 2026
Hedge funds and mutual funds pile into Visa and Mastercard as fintech stocks show 17% annual returns

Hedge funds and mutual funds are increasing their positions in Visa and Mastercard, according to Goldman Sachs analysis. Hedge funds boosted their financial sector allocation by 300 basis points last quarter, whilst mutual funds raised exposure to 2012 levels relative to benchmarks. The payment networks benefit from network effects and generate revenue through transaction fees without material risk. Both companies saw payment volumes rise 10% year over year last quarter. Value-added services, including fraud prevention and data analytics, are growing rapidly — Visa's such revenue climbed 34% whilst Mastercard's gained 20%. Billionaire Bill Ackman, who established positions in both companies last quarter, projects earnings-per-share growth of 16% to 18% during the next three to five years. The stocks currently trade at 25 to 30 times earnings expectations.

Yahoo Finance
Aug 27th, 2026
Mastercard and Visa restart Syrian payments after 15-year ban, QNB completes first transaction

Mastercard has completed its first transaction in Syria after more than 15 years of market closure, with QNB processing an end-to-end payment that demonstrates the network is operational. Visa conducted its own test almost simultaneously. The reopening follows Washington's removal of Syria from its terrorism-sponsor list, eliminating a major compliance barrier. Hotels, restaurants, and government entities could begin accepting payments as regulatory approvals proceed. Mastercard reported second-quarter revenue of $9.28 billion, up 14%, with adjusted operating margin reaching approximately 61.1%. Trading at $591.33, the stock sits 12.65% below its $676.99 fair value estimate. Whilst Syria's immediate impact on revenue will be minimal, the market represents potential for increased cards, merchants, and cross-border transactions flowing through Mastercard's network.

The News Tribune
Aug 27th, 2026
Visa, Mastercard launch international card payments in Syria after US lifts terrorism designation.

Visa, Mastercard launch international card payments in Syria after US lifts terrorism designation. By Feras Dalatey Reuters Updated August 27, 2026 6:16 AM Gift Article DAMASCUS, Aug 27 (Reuters) - Visa and Mastercard carried out their first international card transactions in Syria on Wednesday, a major step in reconnecting the country with global payment networks days after Washington removed it from its state sponsors of terrorism list. The near-simultaneous moves by two of the world's largest payment networks offer one of the clearest signs yet of Syria's accelerating reintegration into the global financial system after decades of sanctions and isolation. Qatar's QNB Group said it and Mastercard had completed what it described as the world's first end-to-end international card payment in Syria, while Visa said separately it had tested its first live international transaction in the country with Lebanon-based Fransabank. Syrian President Ahmed al-Sharaa took part in the Visa test, making a card payment at a restaurant in Damascus's historic Old City, according to a video published by Syria's state-run Syrian Response. Central Bank Governor Mohammed Safwat Raslan was seated alongside him. U.S. DESIGNATION HAD BEEN MAJOR DETERRENT TO BANKS The transactions came just two days after the U.S. formally removed Syria from its list of state sponsors of terrorism. The designation, imposed in 1979, had remained a major deterrent to international banks and investors even after Washington dismantled its broader sanctions programme against the country. Washington terminated comprehensive sanctions on Syria in December last year while retaining targeted measures against former President Bashar al-Assad and his associates, rights abusers, drug traffickers, Islamic State and al Qaeda affiliates and Iranian proxies. But Syria's continued designation as a state sponsor of terrorism carried restrictions on financial transactions and remained a source of legal and compliance risk for banks considering doing business there. The U.S. formally removed Syria from the list on Monday. Syrian Foreign Minister Asaad al-Shibani told Reuters before the removal that Damascus hoped lifting what he called the "last obstacle" would reconnect Syria with the global financial and economic system and boost investment. "There is no longer any obstacle to investment, doing business and rebuilding economic life in Syria," he said. Sharaa's government has made restoring access to global finance and attracting foreign investment a central part of its economic strategy since rebels led by him toppled Assad in December 2024. STEP TOWARDS WIDER ACCEPTANCE Visa said it planned to enable international visitors to use their cards while in Syria, and described the test as a step towards wider international card acceptance in the country. QNB said its system now allows Syrian merchants including hotels, restaurants and government entities to accept international Mastercard credit cards through its point-of-sale terminals. It will gradually add eligible merchants as part of a phased rollout, subject to regulatory approvals. Visa's transaction was carried out in cooperation with Fransabank Lebanon as the acquiring financial institution and Paymera, a Syrian payments technology company owned by the state's sovereign fund. (Writing by Feras Dalatey; Editing by Jan Harvey) This story was originally published August 27, 2026 at 6:01 AM.

Kooc Media Ltd.
Aug 27th, 2026
XRP Ledger (XRPL) gains Mastercard support as ETF flows rise.

XRP Ledger (XRPL) gains Mastercard support as ETF flows rise. Mastercard backs the XRP Ledger Hackathon ahead of Ripple Swell 2026 as 21Shares updates its XRP ETF pricing benchmark. Tldr. Table of Contents * Mastercard will sponsor the XRP Ledger Hackathon on October 24-25, ahead of Ripple Swell 2026. * The hackathon will focus on building payment-related projects using the XRP Ledger network. * Mastercard has expanded its crypto partnerships this year, including work involving Ripple, Circle, Binance, Gemini, PayPal, and Paxos. * 21Shares changed the pricing benchmark for its XRP ETF, TOXR, from CME Group to the FTSE XRP Index. * TOXR's sponsor fee will now be paid quarterly instead of weekly, with payment made in XRP. * Spot XRP ETFs recorded $13.82 million, about $24 million, and more than $28 million in daily inflows this week. The XRP Ledger (XRPL) is gaining fresh attention ahead of Ripple Swell 2026 after Mastercard joined an upcoming developer event. The move comes as 21Shares also changed how its XRP ETF tracks the token. Both developments arrive as U.S. spot XRP ETFs continue to record new inflows. The activity links payment industry interest with growing demand for regulated XRP investment products. Mastercard backs XRP Ledger Hackathon. The XRP Ledger Foundation said Mastercard will sponsor the XRP Ledger Hackathon on October 24 and 25. The 36-hour event will take place just before Ripple Swell 2026, which runs from October 27 to October 29. Developers will build payment-focused projects and meet companies working with the network. The foundation said the XRP Ledger offers a tested structure for payment use cases and invited developers to register for the event. Mastercard has expanded its work with crypto companies during 2026. In March, the payments company joined a program with Binance, Gemini, PayPal, Paxos, Circle, and Ripple to connect blockchain services with its global payments network. The company widened that effort in June by adding support for more blockchain-based assets. Those additions included Ripple's RLUSD stablecoin and Circle's USDC, extending Mastercard's role across digital payment infrastructure. 21Shares changes XRP ETF pricing. A U.S. Securities and Exchange Commission filing showed that 21Shares changed the pricing benchmark for its XRP ETF, TOXR. The fund moved from CME Group pricing to the FTSE XRP Index, effective August 27. 21Shares also changed how often it pays the fund sponsor. Payments will now occur every three months instead of weekly, and the sponsor will receive the fee in XRP. Spot XRP ETFs continued to attract capital this week. The funds recorded $13.82 million on Monday, about $24 million on Tuesday, and more than $28 million on Wednesday. TOXR remains the only XRP ETF with negative cumulative flows at $20.06 million in net outflows. Bitwise's XRP ETF leads the group with about $575 million in cumulative net inflows. The latest figures show demand remains concentrated among the larger funds in the market. Limited Time Offer Get 3 free stock ebooks. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis. * Top 10 AI Stocks - Leading AI companies * Top 10 Crypto Stocks - Blockchain leaders * Top 10 Tech Stocks - Tech giants