Cashless Conversations

By MasterCard News | At MasterCard, we believe in a world beyond cash. Here we share stories from around the world, where consumers, businesses and governments are embracing the benefits of going cashless.

Cashless societies: The pros and cons | The Network | The Network

The days of holding cold hard cash in our hands may soon be coming to an end. Paper bills are tangible and reliable. They’re also analog and rapidly becoming antiquated, due to the penetration of IoT enabled devices in the payments industry. Entrepreneurs have been anticipating a societal shift to …

Tossed opens the UK's first entirely cashless restaurant

Healthy high street food chain Tossed has today opened what is thought to be the UK's first completely cashless restaurant.<p>Two new stores in Central London have been fitted with self-service kiosks, instead of manned tills, taking payment by credit or debit card, contactless, or Apple Pay instead …

Banking

Parsons design students give wearable tech a touch of chic in fashion and design hack

What good is a wearable if no one wants to want to wear it?<p>While connected devices have become increasingly prevalent in our world, the growing …

Fashion Journalism

MasterCard will soon let you pay with a selfie, so make it good

Your selfies are about to become a valuable tool in the fight against credit card fraud.<p>MasterCard announced this week that it's officially rolling …

Banking

What you See and Don’t See that Goes into Securing Your Digital ID

This week, I spoke at Mobile World Congress in Barcelona. Shows like MWC enable us to see the latest technology and advancements, and offer a glimpse …

Banking

MasterCard contactless transactions in Europe pass one billion milestone in 2015

18 February 2016 | 12665 views | 0<p>The number of contactless transactions on MasterCard and Maestro cards in Europe passed the one billion mark for …

TfL sees over 3 million mobile phone journeys since Apple Pay launch

Over 3.2 million journeys have been made on the London transport network using smartphones in the six months since Apple Pay launched in the UK, and almost 200,000 devices have been used to make trips.<p>Figures from Transport for London show that more than 35,000 journeys a day are now made using …

Banking

End of the paper train ticket as railways 'go paperless'

Exclusive: Passengers will be able "buy" journeys online and travel carrying just the bank card with which they paid, The Telegraph can reveal<p>Paper train tickets could become extinct under plans to allow passengers to tap in and out of stations with their bank cards, The Telegraph has learnt.<p>As …

Paperless Office

Cashless payments: How one city has made electronic transactions pay off

To counter a national aversion to digital payments of any kind, the northern Italian city of Bergamo has taken matters into its own hands, with some …

Could Sweden become the first cashless society?

Sweden is fast becoming a country where cash is on the periphery of payments, and some think it might be the first to become cashless

Banking

Samsung and MasterCard will let you order groceries straight from your fridge

At CES 2016, Samsung and MasterCard jointly announced Groceries by Mastercard, a grocery delivery service that you can use to order food straight from your Samsung Family Hub smart refrigerator.<p>Samsung calls it "the first shopping app integrated into a refrigerator" in a press release.<p>The way it …

Cashless future underway as Canadian consumers have more credit, debit and app options than ever

Although they all have their limitations, consumers have more ways to pay than ever before<p>Maureen Turner still makes a point of carrying coins and …

Banking

Beyond Plastic: Credit Card Companies Experiment With Rings, Watches as New Ways to Pay

Paying with plastic is so last season. In recent months, credit card companies such as MasterCard and Visa have introduced alternative methods of …

Mastercard-backed mobile ticketing app raises $12M

A mobile ticketing company for public transport, aiming to get rid of paper tickets across the world, has raised $12 million.<p>British start-up Masabi …

Apple boss: Next generation of children 'will not know what money is'

Tim Cook, chief executive of Apple, makes bold prediction about the death of cash as he promotes Apple Pay alternative<p>The next generation of children born in Britain "will not know what money is", the boss of Apple has predicted.<p>Your kids will not know what money isTim Cook, Apple CEO, to …

Banking

Why we may be headed to a completely cashless society

Bills. Dough. Loot. Moola. Whatever you call it, could you survive without cold, hard cash?<p>Sweden was the first European country to print and use paper money, but it may soon do away with physical currencies.<p>In Sweden, four out of five purchases are made electronically, 95 percent of all sales at …

MasterCard Partners With Adam Selman To Make Clothes That Pay For Themselves

NEW YORK — Call it payable fashion. You won't need a credit card to pay for your clothes; your clothes will BE your credit card.<p>MasterCard is pairing …

Banking

The decline of cash is on the cards: City A.M. speaks to MasterCard's Ann Cairns

Some sports fans carry the burden of their teams’ fortunes around on their shoulders, often for days after a heroic victory or a dramatic defeat. You …

MasterCard tries out 'selfie pay' for online purchases

For the selfie generation, it might be the perfect way to pay.<p>MasterCard is trying out a new technology that lets online shoppers authorize a transaction with a snapshot of their face instead of a password.<p>“As the world gets increasingly digital, this will be the next wave of technology that will …

Banking

Apple Pay Celebrates Its First Birthday!

Share Email<p><b>Did Apple live up to the expectations that come along with being the firstborn?</b><p>The answer is mostly “yes.” The mood on Apple Pay was …

Cashless to Beat Cash Methods in The UK By 2016

October 16, 2015 By: Steven Anderson<p>To anyone who thought cash would forever be king of the shopping landscape, there’s a disturbing development …

Sweden is on its way to becoming the first cashless society on Earth

There’s a conspicuous lack of cash on Sweden’s streets.<p>So ubiquitous are digital payments in the country that attempting a paper money transaction at a Swedish bank might provoke a suspicious stare or a report to the police. That’s according to Niklas Arvidsson, a professor at Stockholm’s KTH Royal …

Sweden

Bicycle Repair Shop Boosts Revenue by 70% From Card Acceptance

<b>Mario Cerda is the owner of BC-Help, a bicycle repair shop that provides services directly at the customer’s office or home. This “Cashless Pioneer”</b> …

Banking

MasterCard, P97 Unveil Mobile Payments At The Pump

Share Email<p>MasterCard has just announced a partnership with P97 Networks that will bring mobile payments to the gas pump.<p>Just prior to the release of …

U.S. Move to Chip Cards on Track

Issuers from the Payments Security Task Force Confirm Nearly All U.S. Payment Cards to Feature Chip Technology by 2017<b>New York, September 30, 2015</b> — …

Banking

Here's Why Your Credit Card Now Has a Chip and Why You Should Care

The change aims to reduce credit card fraud. Will it work?<p>Chances are you’ve received new versions of your credit cards in the mail recently. These …

Banking

Canada’s best coders compete in Montreal hackathon

MONTREAL – The country’s best coders were holed up at Notman House in Montreal this weekend to participate in the Master’s of Code competition.<p>The …