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Mastercard, Inc. operates as a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It operates through United States and Other countries geographical segments. Read More It offers payment solutions that enables the development and implementation of credit, debit, prepaid, commercial, and payment programs and solutions. The company was founded in May 2001 and is headquartered in Purchase, NY.
Purchase, New York
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Big Tech Wanted to Dethrone Credit Cards. Why It Failed, and Who Wins Now.
Text size It was 2013 and the talk of Silicon Valley was about the “mobile wallet” and how Apple and other tech giants were about to muscle into the financial industry’s turf with digital payments. “I think it’s just getting started,” Tim Cook, the Apple CEO, told analysts at the time, leaving Wall Street thinking of a major disruption. But when Apple Pay arrived 18 months later, there was no sign of a revolution. Rather than start from scratch, Apple decided to partner with Visa (ticker: V), Mastercard ...
U.S. consumers may finally embrace tap payments as New York subways ready contactless rollout
The U.S. has been slow to embrace tap-to-pay transactions, but history suggests that a turning point may be near. As New York City’s Metropolitan Transportation Authority begins to allow contactless payments at the terminal for some subway and bus riders, financial technology companies are betting that U.S. consumers will warm to the idea of tapping a card or phone to complete a transaction, which is already the norm in many international markets. “Urban transit seems to be the catalyst,” said Mizuho anal...
Expected Jul 25, Pre-Market