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Open banking platform Plaid has received strategic investments from Mastercard and Visa.
Postponements to strong customer authentication (SCA) was the right decision, but regulators must make it clear there will not be a second opportunity for meeting compliance, according to Michael Sass vice president, market product management, security solutions, Europe at Mastercard.
Canadian banking personalization portal Flybits has closed a Series C funding round led by Point72, the global venture capital firm.
Step, a mobile banking app designed for families and teens, has closed its Series A on $22.5m.
A study from Mastercard has revealed 85 per cent of consumers in the EU are not aware of PSD2 or have very little knowledge of it.
Mastercard has formed a partnership with payment solutions and card issuing company Edenred to launch a test pilot of biometric cards in Mexico.
Mastercard has agreed to make a $300m cornerstone investment in the planned London IPO of private equity-backed payments processing business Network International.