{"id":502055,"date":"2021-07-14T07:27:14","date_gmt":"2021-07-14T06:27:14","guid":{"rendered":"https:\/\/ibsintelligence.com\/?p=502055"},"modified":"2021-09-21T12:11:35","modified_gmt":"2021-09-21T12:11:35","slug":"verizon-business-and-mastercard-partner-to-drive-transformational-change-in-the-global-payments-industry","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/verizon-business-and-mastercard-partner-to-drive-transformational-change-in-the-global-payments-industry\/","title":{"rendered":"Verizon Business and Mastercard partner to drive transformational change in the global payments industry"},"content":{"rendered":"<p><a href=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/07\/Verizon-Business.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-502056\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/07\/Verizon-Business-300x300.jpg\" alt=\"Verizon Business and Mastercard partner to drive transformational change in the global payments industry\" width=\"182\" height=\"182\" \/><\/a><a class=\"editor-rtfLink\" href=\"https:\/\/www.verizon.com\/business\/en-au\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Verizon Business<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0and\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/urldefense.com\/v3\/__http:\/www.mastercard.com__;!!N96JrnIq8IfO5w!1jtMJu_PogMY9fdHnVVJn_ZIuOlUb1zvuGlszDaKV2jtpGPk2YKGcdcASMc1HFyOP-BqWiJc$\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Mastercard<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0announced entering into a strategic partnership to drive transformational solutions for the global payments and commerce ecosystem.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From contactless shopping and autonomous checkout technology to Cloud Point of Sale (POS) solutions, Mastercard and Verizon Business will work together to deliver scalable innovations that drive the industry forward and create new experiences for consumers and businesses alike.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cBusiness needs and consumer demands constantly fluctuate. Critical components of long-term success are the ability to remain agile and align with strategic financial and payments partners that have the tools and capabilities to drive industries forward. Coupling Verizon\u2019s leading global IP network and transformative 5G technology with Mastercard\u2019s deep industry expertise, leading services and solutions, and a strong commitment to innovate, is a partnership that aligns perfectly with what we are striving to achieve at Verizon and one that can create game-changing solutions,\u201d said Sampath Sowmyanarayan, CRO, Verizon Business.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Both Verizon and Mastercard will collaborate to unlock Internet of Things (IoT) sensor connectivity with near real-time edge computing to power the fintech, payments and banking industries, in addition to working to arm SMBs with hyper-automated and immersive commerce experiences. This includes:<\/span><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Enabling smartphones or connected devices to seamlessly accept payment,<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Unlocking touchless retail shopping experiences,<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Creating new ways to consume physical and digital goods,<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Creating new ways to consume physical and digital goods, and\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Enhancing the bill pay experience for Verizon customers<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">At Mastercard\u2019s New York City Tech Hub, located in the Flatiron District, Mastercard and Verizon will test and embed 5G to accelerate innovation pace and collaboration. Together the companies will explore 5G and Mobile Edge Computing technology and use cases while also enhance the overall experience for Mastercard employees.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cEmerging technology such as 5G and Mobile Edge Computing will undoubtedly reshape how we interact with each other, making it all the more critical for these exchanges \u2013 particularly payments \u2013 to be trusted and anticipate further changes. Through this collaboration, Mastercard and Verizon\u2019s platforms, which connect billions of consumers, businesses, banks and governments around the world, will be a force in driving transformational change,\u201d said Linda Kirkpatrick, president, North America at\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/mastercard-and-gift-of-the-givers-foundation-partner-to-assist-communities-through-priceless-cause\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span data-preserver-spaces=\"true\">Mastercard<\/span><\/a><span data-preserver-spaces=\"true\">.\u00a0<\/span><\/p>\n","protected":false},"author":14,"featured_media":162351,"parent":0,"template":"","categories":[11376,11378,11384],"tags":[11868,11698],"class_list":["post-502055","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-digital-banking","category-open-banking","category-payments","tag-america","tag-verizon"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Verizon Business and Mastercard partner to drive transformational change in the global payments industry<\/title>\n<meta name=\"description\" content=\"Verizon Business and Mastercard partner to drive transformational solutions for the global payments and commerce ecosystem.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/verizon-business-and-mastercard-partner-to-drive-transformational-change-in-the-global-payments-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verizon Business and Mastercard partner to drive transformational change in the global payments industry\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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