MasterCard is a card payment method that can used for purchases at point-of-sale and online. Upon checkout in an online store, the consumer selects the MasterCard button or logo, enters their card number, expiry date and CVC2 (security code at the back of the card) and completes payment. Merchants receive instant confirmation of payment. MasterCard, similar to other credit cards used online, are known to be eligible for chargebacks: the cardholder reclaiming their money due to fraud or disputes. Merchants willing to accept MasterCard online can protect their card sales by using MasterCard SecureCode, a service that verifies the genuine cardholder at the moment of purchase. Online merchants are able to accept MasterCard payments either via direct solutions like PayPal and Click-and-Buy, or via MasterCard Payment Gateways and Payment Service Providers (see below). MasterCard credit card transactions are normally charged a commission of 1-3% per transaction (differs per merchant/country).
MasterCard is a card payment method that can used for purchases at point-of-sale and online. Upon checkout in an online store, the consumer selects the MasterCard button or logo, enters their card number, expiry date and CVC2 (security code at the back of the card) and completes payment. Merchants receive instant confirmation of payment. MasterCard, similar to other credit cards used online, are known to be eligible for chargebacks: the cardholder reclaiming their money due to fraud or disputes. Merchants willing to accept MasterCard online can protect their card sales by using MasterCard SecureCode, a service that verifies the genuine cardholder at the moment of purchase. Online merchants are able to accept MasterCard payments either via direct solutions like PayPal and Click-and-Buy, or via MasterCard Payment Gateways and Payment Service Providers (see below). MasterCard credit card transactions are normally charged a commission of 1-3% per transaction (differs per merchant/country).
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LONDON | MasterCard today outlined on its vision for online payments beyond passwords, making life simpler for cardholders while increasing security. A New Authentication Standard The company has been leading the co-creation of a new authentication standard, which when adopted, will be the largest wholesa [...] Read more
WATERLOO | The majority of high value retailers in Europe believe that the EU rules to cap interchange fees for electronic payments should only go ahead if they apply to all market players. More than half of high value retailers will not pass on savings from the proposed EU cap on interbank fees on card payments to their customers, and instead invest the money into [...] Read more
SINGAPORE | MasterCard buys ElectraCard Services (ECS), based in India, from Opus Software Solutions. ECS provides electronic payment and card processing services for banks, financial institutions, retailers and telcos in over 25 countries globally. Turnkey Card Payment Processing ECS, headquartered in P [...] Read more
PURCHASE, N.Y. | MasterCard announced the intention to enter into a commercial agreement with Monitise to accelerate the development and deployment of mobile wallets and digital payment solutions by financial institutions worldwide. MasterCard also intends to make a minority investment in Monitise. Innovative and Secure Payment Solutio [...] Read more
PURCHASE, N.Y. | MasterCard today announced a new standard to deliver greater transparency and value to smaller business owners. MasterCard requires Acquirers and Payment Service Providers to provide their U.S. merchants with a clear and detailed disclosure of the fees the [...] Read more
BRUSSELS | A survey commissioned by MasterCard looked at consumer opinions on the European Commission's proposal to cap interchange fees and introduce measures that could impact payment card usage. According to the results 82% of consumers believe that retailers would not pass on any cost savings from a reduction in their contribution to the costs of the electronic [...] Read more
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