Mastercard to Provide Additional Transaction Detail

Troutman Pepper
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Troutman Pepper

According to a recent announcement, Mastercard will begin providing customers with additional details about their purchases, such as the merchant’s name, logo, and location of purchase. Mastercard is inviting merchants to upload their logos to Ethoca, after which the logos will be linked to the corresponding transaction in digital banking applications. The service is intended to reduce transaction confusion that leads to unnecessary complaints and chargebacks that are some of the biggest points of friction in the payments industry.

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