Tesco Bank introduces Mastercard’s Open Banking Connect™ for 2.6 million card customers
Sep15

Tesco Bank introduces Mastercard’s Open Banking Connect™ for 2.6 million card customers

Tesco Bank is to become the first UK bank to introduce new technology that allows its 2.6 million credit card customers to more easily manage and pay their balance. The ‘Pay by Bank’ facility will be provided by Tesco Bank and enabled by Mastercard’s Open Banking Connect™ service.  It allows Mobile and Online credit card customers to make payments directly from their current account via electronic payment services. The new feature is...

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First Direct moves Debit card partnership to Mastercard
Aug14

First Direct moves Debit card partnership to Mastercard

first direct has selected Mastercard as its partner for its debit card portfolio. Customers will begin to receive cards from the end of this year, as part of a multi-year agreement. The announcement will bring enhanced digital benefits for first direct customers, including card controls and functionality, as well as exclusive offers, and a new rewards/loyalty program. A spokesperson for first direct, said: “first direct has selected...

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19.4 million Brits unprepared for the financial storm
Jul07

19.4 million Brits unprepared for the financial storm

The coronavirus pandemic has left 37% of Brits feeling in the dark about their financial future, meaning 19.4 million say they are not prepared for an economic downturn. This is even more prevalent for those with a household income of less than £15,000 a year, where the figure rises to more than half (53%) of those surveyed saying they are not financially prepared. Those in Gen-Z (49%) and Millennials (49%) are the least likely to be...

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Leave Nobody in the Dark
Jun25

Leave Nobody in the Dark

Mastercard has joined up with Good Things Foundation, The Joseph Rowntree Foundation, The APLE Collective, Clean Slate Training & Employment CIC to form a coalition of partners to offer immediate support to digitally and financially excluded people in the UK, with a focus on those in poverty hit hardest by the impact of COVID-19. Digital inequality has for some time risked exacerbating poverty and reducing financial wellbeing....

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