Mastercard launches One Credential for digital payments

U.S. Bank Expands Subscription Management for Credit Cardholders “We are constantly looking at new ways to add transparency and convenience to our cardholder experience,” said Chris Roncari, head of product and experience for consumer and small business payments at U.S. Bank. “With digital subscription management and access to digital receipts powered by Mastercard, we’re helping cardholders not only simplify the many subscriptions in their life but have greater control and insight into their spending.” https://lnkd.in/eEpac6c9 Tessa Bajema Shruti Patel Thomas Parks Anna Christensen Ankit Bhatt Jonathan Burns Ethoca Gaurav Mittal David Reeve #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Real-time account funding has shifted from a nice-to-have to a competitive necessity. For banks, FinTechs and payments platforms, it can help close the gap between intent and action at the very moment a customer signs up, reloads a balance or transfers cash. For customers, it’s the difference between waiting hours or days, and tapping a phone to pay for dinner five minutes after opening an account, with the actual funds available depending upon the U.S. receiving financial institution. But in a market where patience is measured in seconds, that difference shows up in conversion, retention and call center costs. #paymentsplatform #fintechs #banks #realtimefunding

Trust + incentives = Pay by Bank adoption. This piece nails it, technology only wins when it earns confidence and delivers value. Complimentary retro data analysis: https://lnkd.in/gEv7neqA Thank you Trustly and PYMNTS. #Payments #Fintech #PayByBank #OpenBanking #FinancialAccess #Trust

Smart small banks are moving and growing faster than ever. But they’re not doing it alone. Turnkey credit card programs are helping community banks and credit unions skip the build, keep the customer — and capture the full revenue stream. Instead of spending years and millions building infrastructure, these institutions are launching card programs in months: testing, iterating and competing head-to-head with national issuers. The result: faster growth, stronger loyalty and a real shot at reclaiming wallet share from the big five. In banking, speed and experience now beat scale. Read how turnkey credit card programs help smaller banks win wallet share in Liz Froment's latest for The Financial Brand: https://lnkd.in/eJPGwuDn #BankingInnovation #Fintech #CreditCards #CustomerExperience #FinancialServices #DigitalBanking

Ever wondered what really happens when a customer taps “Pay Now”? 💳✨ Behind every credit card swipe, debit card transaction, or digital wallet payment lies a sophisticated ecosystem working in milliseconds to ensure a secure, seamless experience. Here’s the hidden journey step by step: 1️⃣ Customer initiates payment at checkout (POS or online). 2️⃣ Payment gateway encrypts and sends details to the processor. 3️⃣ Processor routes the request via the payment network (Visa, Mastercard, etc.), while checking for fraud. 4️⃣ Issuing bank validates funds and approves/declines. 5️⃣ Network relays the decision back to the business. 6️⃣ Approved payments go through settlement—funds flow from the issuing bank to the acquiring bank, and finally to the merchant. All of this happens in seconds. ⏱️ Why does it matter? Because a smooth, trustworthy payment flow doesn’t just process money—it directly impacts conversion rates, customer trust, and long-term loyalty. #DigitalPayments #PaymentProcessing #FintechInnovation #CustomerExperience #ConversionOptimization #BankingTechnology

Small businesses are feeling the pressure of high transaction fees. During a recent Senate Judiciary Committee hearing, Senator Peter Welch criticised Visa and Mastercard for exploiting their duopoly and charging excessive transaction fees, which contribute to the higher profitability of card networks. These fees place significant financial strain on small businesses, limiting their growth potential and ability to compete. While there can be debate regarding profitability, as well as the sharing of Merchant Discount Rates (MDR) and interchange fees with banks, the bottom line remains that the costs are ultimately passed on to merchants and small business, impacting their operations and customer pricing. However, there's a promising and effective alternative: Account-to-Account (A2A) payments. Markets like Poland, the Netherlands, Brazil, the UK, and Sweden have embraced A2A platforms such as Blik, iDEAL, Pix, Faster Payments, and Swish. These solutions are gaining traction because they offer low or no-cost transactions, creating a fairer system for consumers and SMEs alike. With the rise of open banking, the future looks even brighter. Imagine tagging your bank account into NFC wallets, allowing direct payments from your bank account with the ease of Apple Pay or Google Pay. A2A platforms like BLIK, Faster Payments Scheme Limited iDEAL or Swish can collaborate with Apple Pay and Google Pay by integrating APIs, supporting tokenisation, and complying with open banking standards and regulations like PSD2. They must align with Apple on security, user experience, and technical protocols while scaling infrastructure to support NFC-based real-time payments. Educating customers and conducting pilots will ensure smooth adoption and a seamless, low-cost payment experience. This next-level A2A integration could revolutionise how we transact, cutting costs and increasing accessibility.

Gen Z isn’t ditching cash. They’re redefining its value. According to Cash Matters, younger consumers continue to carry and use physical money not out of habit, but by choice. For Gen Z, cash offers control, budgeting benefits, and a break from digital overload. Even in a contactless world, physical currency still plays a meaningful role in how people manage their finances. For banks and retailers, that means cash-ready infrastructure remains relevant. Read more: https://lnkd.in/eQ5fEF_V #GenZ #CashUsage #CashAccess #MoneyManagement #CashMatters #BankingTrends

Stand-In Approval Rates (STIP Tuning) Every card transaction starts with a question: Merchant → Network → Issuer: “Can I approve this?” Most of the time, the issuer replies instantly: Approve or decline. But sometimes, that link breaks. Maybe the issuer’s system is offline. Maybe the network can’t reach the bank. Maybe there’s just a timeout buried somewhere in the chain. That’s when the card networks step in. 🔹 Visa calls it STIP (Stand-In Processing), where the network steps in when the issuer is unable to respond. 🔹 Mastercard uses M-TIP (Mastercard Transaction Integrity Processing), a similar system that follows issuer-defined fallback rules. 🔹 American Express doesn’t need a separate process because it acts as both issuer and network, handling fallback decisions internally using its own risk models. In each case, the goal is the same: keep payments flowing when the bank can’t respond. But here’s the twist most merchants don’t know: When networks step in, they don’t just approve or decline They decide how generous to be while doing it. That’s called STIP Tuning. Issuers can define how lenient the fallback should be: ➡️ Auto-approve small, low-risk purchases? ➡️ Restrict approvals to trusted cards or regions? ➡️ Decline everything during outages? These configurations directly shape what happens when systems go offline. The result? Two merchants, same country, same network Yet, there are completely different stand-in approval rates when issuers go offline. During outages or network disruptions, your approval rate isn’t just about risk or fraud. It’s determined by how your issuer and network tuned their fallback rules. A hidden lever in the payments stack quietly decides how many of your transactions make it through. Ever wondered why approval rates dip even when everything seems fine? #Payments #Fintech #PaymentOptimization #Visa #Mastercard #AmericanExpress #STIP #RoanDollmann

Americans have an average of eight subscriptions — and about one-third have more than 10. Managing them all can be a challenge. That’s why U.S. Bank, in partnership with Mastercard, is making it easier for credit card holders to view and manage their digital subscriptions directly within the U.S. Bank Mobile App and online banking. It’s one more way we’re helping cardholders gain transparency and control over their spending. https://bit.ly/4ncX6pf

"With digital subscription management and access to digital receipts powered by Mastercard, we’re helping cardholders not only simplify the many subscriptions in their life but have greater control and insight into their spending.” said Chris Roncari, head of product and experience for consumer and small business payments at U.S. Bank.