Mastercard is partnering with major U.S. banking institutions like Citigroup, Visa, and JPMorgan to test a tokenized settlement system on a shared ledger platform, aiming to streamline multi-asset class settlements. This Regulated Settlement Network (RSN) trial integrates different asset types like treasuries and commercial bank money into a unified system, potentially improving settlement efficiency and lowering risks associated with traditional finance systems.
Thursday, May 9, 2024Multisensory branding is gaining traction in business schools and among major branding firms. Mastercard is leading the way by engaging customers' five senses to represent its brand. The company is opening restaurants, selling perfumes, and creating cocktails in its signature colors while also playing a signature tune at cash registers. The Mastercard logo has been redesigned to be more symbolic, and the company has introduced new products like touch cards for the visually impaired.
Mastercard has introduced a crypto Euro debit card in partnership with Mercuryo. The card allows users to spend crypto from their self-custodial wallets at over 100M merchants. This initiative integrates crypto into daily transactions, improving user control over their funds while advancing Mastercard's commitment to embedding digital assets in the mainstream economy.
Mastercard is launching a haptic logo that provides vibrations in sync with its sonic brand to enhance customer trust during transactions. This innovation addresses shoppers' uncertainty at checkout and will initially debut in Latin America and Eastern Europe. The brand shares that addressing even small customer anxieties can lead to substantial returns.