mastercard

CIBC Costco MasterCard to Launch Apple Pay, Google Pay in May 2022 [Update]

Last fall it was announced CIBC was set to takeover Costco Canada’s Mastercard portfolio from Capital One, and as of late last week, the Canadian bank started its transition of taking in new customers. But fast forward to Monday morning, and it hasn’t been a good launch for CIBC. According to existing Capital One credit...

Mastercard Allowing Increase of Tap Payment Limits in Canada Due to COVID-19

Mastercard has announced today it is allowing for the increase of contactless payment limits across Canada, due to the COVID-19 pandemic. As health officials recommend social distancing, numerous merchants are pushing for contactless payments to limit interaction. By allowing for an increase to tap payment limits, that means customers don't need to touch PIN pads...

Mastercard and Interac Launch International e-Transfers from Mobile, Web

Mastercard and Interac have announced the launch of international e-Transfers, utilizing the Mastercard Send push payments service for cross-border money transfers. The new feature means Canadians "will be able to simply log in to their mobile or online banking services and send funds securely globally using the familiar Interac e-Transfer brand,” explains both companies in a press...

Mastercard Drops Name from Logo to Become Symbol Brand for Digital Era

Earlier this week, Mastercard announced it had changed its logo to drop its name, instead becoming a symbol brand, with its iconic interlocking red and yellow circles. Mastercard new updated logo—without the name According to Mastercard, the new symbol brand will be updated across physical and digital locations and sponsorship properties. “Reinvention in the digital...

TransferWise to Launch Borderless Debit Card in Canada in 2019 [u]

If you travel frequently, you know there are always exchange rates and transaction fees to deal with on your credit card. But starting next year, European fintech TransferWise says it plans to launch a borderless debit card in Canada, to let Canadians spend money both locally and abroad, with foreign exchange fees lower than incumbent...

Mastercard to Ditch Card Signature Verification in Canada Next Year

Mastercard appears to be the first of major credit card issuers to finally eliminate the need for signatures when paying for a purchase at checkouts. Linda Kirkpatrick, Executive Vice President, Market Development, MasterCard, detailed in a press release today how over 80 percent of Mastercard in-store transactions in North America today do not require a...

MasterCard Unveils Credit Cards With Biometric Security [VIDEO]

MasterCard today unveiled the next-generation biometric card, combining chip technology with fingerprints to conveniently and safely cardholder’s identity for in-store purchases. MasterCard has introduced the payments card in South Africa first, following successful trials with a local bank and retailer, reads a new report from Engadget. Instead of requiring its owner to enter a four-digit...

MasterCard to Launch Qkr with Masterpass in Canada This Year for Digital Payments

Mastercard has announced Qkr! with Masterpass is expanding to Canada in 2017, along with five other markets (Brazil, Ireland, Singapore, South Africa, United States). The service is the company’s mobile order-ahead and payment platform, which aims to eradicate traditional “open tabs” at bars, clubs and restaurants. The company will partner with Oracle to launch the...