Tag: Mastercard

Mastercard and Ravelin Partner to Reduce Fraud and Create Frictionless Checkout in Digital Quick Commerce

Stuart Mitchell

During the pandemic, online grocery orders rose by more than 50% and are expected to rise further this year, according to McKinsey research. More than ever, people make day-to-day purchases online, choosing quick commerce merchants that offer speed and convenience. As people open new accounts and make faster purchases, merchants are challenged to verify identities and manage evolving fraud threats in real time. To meet these needs, Mastercard and Ravelin, a leading machine learning fraud platform, have joined forces to deliver an enhanced fraud solution. Incorporating digital identity verification capabilities from Ekata…

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Mastercard Commits to Delivering Economic Empowerment Tools and Resources to More Than One Million Women in Guatemala, El Salvador and Honduras

Stuart Mitchell

During the 9th Summit of the Americas held in Los Angeles, California, Mastercard reinforced its commitment to advancing financial and digital inclusion in El Salvador, Guatemala and Honduras with a new set of commitments and programs focused on advancing economic empowerment for women and girls in the region.  The commitments are part of Mastercard’s engagement, as a founding member, in the Partnership for Central America (PCA). According to the Latin American Center for Innovation and Entrepreneurship (CELIEM) Women’s Entrepreneurship Monitor of 2022, 60% of women business owners in Central America…

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Mastercard expands the Priceless Planet Coalition’s forest restoration effort

Stuart Mitchell

Mastercard is expanding the reforestation work of the Priceless Planet Coalition to include 15 new restoration projects, for a total of 18 globally. These projects will help accelerate progress toward the Coalition’s goal of restoring 100 million trees. Consumer desire to support initiatives that drive positive change for the environment is growing around the world; according to the Mastercard Economics Institute, consumer donations to environmentally focused charities grew 48.4% globally in 2022 when compared to pre-pandemic 2019 levels, overall outpacing donation growth to other organizations. The project portfolio of the…

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CORE and Mastercard Partner to Provide Cash Assistance Program for Ukrainian Refugees

Stuart Mitchell

Crisis response nonprofit CORE (Community Organized Relief Effort) has launched a Ukraine Humanitarian Crisis Cash Assistance Program in partnership with Mastercard, EML, the Stichting Giustra International Foundation, Tommy Humphreys and the Parker Foundation. The program will provide digital cash assistance directly to Ukrainian refugees, empowering families to choose how to cover basic needs and safely relocate on their own terms.   With nearly 5 million people displaced, humanitarian aid is urgently needed, and CORE and Mastercard have combined resources to develop a flexible cash assistance program in the form of prepaid…

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Mastercard Partners With Howard University to Drive Racial Equity Through Data Science

Stuart Mitchell

Mastercard and Howard University are pleased to announce a new dimension to their partnership with a $5 million grant from Mastercard that will support the creation of the Center for Applied Data Science and Analytics (CADSA). The center will advance Howard’s leadership as a major hub of data science for social impact research and training for the next generation of data scientists with expertise in incorporating analysis of racial bias in financial services.  “Data science touches everything, and it’s going to continue to be increasingly impactful in everything that we do,” said Howard…

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