News

Citi, MasterCard sign global agreement

Friday 6 March 2015 10:30 CET | News

Financial services provider Citigroup and MasterCard have signed a new and expanded 10-year agreement.

Citi will begin aligning the company’s consumer proprietary credit and debit portfolios to the MasterCard network in 2015. Citi will continue to work with other networks, including on consumer co-brands and commercial cards.

For nearly 50 years, Citi and MasterCard have worked together to provide credit and debit cards to consumers and businesses. Citi was one of the first bank partners for MasterPass, which enables card members to pay with any enrolled credit card anywhere online or in app, using any device, eliminating the need to enter payment and shipping details for each purchase.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Citi, MasterCard, commercial cards, credit, debit, card, MasterPass, payment
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce


Related

Oracle, Tencent sign deal on cloud computing in China

Published 17 Dec 2015 10:35 CET | World
Oracle and the Chinese internet service provider Tencent have signed a nonbinding agreement for Oracle to use Tencents online portals to offer Oracle cloud services in the country....

Three quarters of British businesses make late payments - report

Published 29 Oct 2015 13:15 CET | World
78 % of companies from the UK are paying their suppliers late, a recent research shows....

Android Pay requires users to enable a secure lock screen

Published 11 Sep 2015 13:10 CET | World
Google’s Android Pay has started requiring that users have a secure lock screen setup in order to use the mobile payment service....

Nok Nok Labs and DDS enter strategic agreement

Published 24 Apr 2015 09:29 CET | World
Nok Nok Labs has partnered with Japanese biometrics company DDS to jointly drive adoption of Nok Nok Labs’ FIDO-ready authentication products in the Japanese market....

Orange Silicon Valley to invest in Bitcoin startups

Published 10 Apr 2015 07:44 CET | World
Mobile network operator and internet service provider Orange has revealed the intention to invest in Bitcoin startups....

Mercury Payment Systems acquires Sundrop Mobile

Published 17 May 2012 00:52 CET | World
US payments processor Mercury Payment Systems has completed the acquisition of mobile marketing and loyalty services provider Sundrop Mobile....

Dexits Revenue Improves

Published 05 May 2005 09:53 CET | World
Dexit has reported revenue of $787,702 for the three-month period ended March 31, 2005 compared to $686,725 in the previous quarter and $3,371 for the three-month period ended March 31, 2004....