Mastercard has announced the launch of a new artificial intelligence (AI) model that can help banks detect and prevent fraud and other financial crimes in real time. The model, called Brighterion, uses a natural language generation (NLG) technique similar to the popular GPT-3 model, which can produce coherent and fluent texts on various topics. Brighterion…
LONDON, UK: Cornerstone FS plc (AIM: CSFS), a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform, has signed an agreement with Mastercard to launch a corporate card scheme. Under the agreement, Cornerstone will be able to issue commercial cards co-branded and supported by Mastercard for…
LONDON: Airtel Africa announced the signing of an agreement under which Mastercard, a leading innovator and global technology company in the payments industry, will invest $100m in Airtel Mobile Commerce BV, a wholly owned subsidiary of Airtel Africa plc. AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations and…
SYDNEY: Splitit Payments Ltd., a global payment solutions provider, has signed a multi-year agreement with global payments technology company, Mastercard Incorporated to accelerate the adoption of Splitit’s installment solution around the world. Splitit mentioned the agreement is for an initial five (5) year term. Either party can terminate the agreement at the end of the…
TORONTO: XTM Inc., a Toronto-based Fintech company, has signed a deal with DCBank enabling XTM to provide an instantly activated and loaded prepaid Mastercard through a cash accepting kiosk. Kiosks will be placed at retail venues or throughout business-premises such as stadiums or shopping malls to help completely eliminate cash from their ecosystems. The cash…
LONDON: Equals Group PLC, the e-banking and international payments group, has entered into a new 5-year agreement with Mastercard. Under the deal, Mastercard will provide assistance to Equals to grow its various card-based businesses through improved economic terms based on transaction volumes and also assist in the process of Equals becoming an issuer of all…