MASTERCARD
: Scott Abrahams talks about Fintech
“Mastercard allows you to bring together everything in payments , but also elevate it to the next level ”
SCOTT ABRAHAMS SENIOR VICE PRESIDENT , BUSINESS DEVELOPMENT & FINTECH , UK & IRELAND , MASTERCARD
“ I believe we may have delivered more innovation during this time than ever before . There ’ s certainly not been any less ,” states Abrahams . “ The idea is that if a fintech wants to launch a payment solution , we can work with issuers and processors to get them up and running within weeks .” Examples of this innovation in action include payment card consolidator Curve , Samsung Pay +, and Starling Bank ’ s ‘ Connected Card ’. The latter was a highly inventive solution for self-isolating individuals who needed to entrust their payment card to others while still retaining control of it . Any expenditures are drawn from an allocated space kept separate from the customer ’ s main account and with purchases capped at £ 200 ( US $ 280 ). “ Starling had a goal , and so did we : enable innovation on the backend , support
32 August 2021