Open Banking, Partnership Announcements, Payments
How Mastercard’s partners fuel its diversification
American Banker makes the case for smarter innovation through collaboration
Mastercard is extending its services and technology reach, including deals with JPMorgan Chase, LSEG/Giact, Stax’s CardX and Jack Henry & Associates, enabling Mastercard partners to connect merchants to payments, improve authentication and streamline transaction processing.
“For the partners, the networks like Mastercard bring their technology and processing capabilities, but I think even more crucially they bring that brand and extremely high levels of trust,” said Gilles Ubaghs, strategic advisor for commercial banking and payments at Aite-Novarica Group.
Mastercard’s multi-rail payments approach gives consumers more choice. Digital first and open banking offer an expansion of that choice, while ensuring transactions are easy and safe.
Read about Mastercard’s innovative partnerships at American Banker.