MASTERCARD
322 organisation , which accumulates large amounts of data , being able to draw insights based on data is extremely important and I would rank this the highest out of the three . A lot of our fraud engines and insight platforms run on aggregated data which is invaluable . We ’ re also , however , enabling the exchange of data between participants in an ecosystem . Mastercard is very well positioned as a network where we bring together different parties - merchants , billers , acquiring banks and consumer banks - in a network . These new , digitally native products , one of their selling points is that they enable a richer exchange of data than their analog counterparts through ISO 20022 messaging standards . These standards provide the capability to carry a lot more information back and forth , driving value for parties in the ecosystem . This exchange of data enriches the whole ecosystem , and provides for a more symbiotic relationship between us and our partners .”
AUGUST 2020