MasterCard news and archive

Mastercard pilots digital payments to garment workers

Mastercard is teaming up with global apparel companies, Marks and Spencer, Levi Strauss and Co., and VF Corporation, to pilot a scheme to pay garment workers digitally, to ensure that workers receive their wages “securely and consistently”. The new hybrid digital payment initiative, in connection with global nonprofit Business for Social...

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Fashion

Rodarte debuts exclusive artist collaboration with Mastercard for Fred Segal

Designer-sister duo Kate and Laura Mulleavy, the creative directors behind Rodarte, presented an‘80s-themed capsule collection in partnership with MADE, a fashion discovery platform through IMG, and Mastercard. For the limited-edition collection, which is available exclusively at Fred Segal, fashion label worked with artist and painter Mari...

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Retail

Visa & Mastercard to cut fees on payments made with foreign credit cards in Europe

The European Commission has accepted an offer by Visa and Mastercard to significantly reduce the fee European retailers need to pay to the cardholder’s bank when a tourist or online shopper makes a payment using a credit card issued outside the bloc. Known as Inter-regional interchange fees or inter-regional MIFs, these fees will now be reduced...