Mastercard Debuts Enhancements to Open Banking Program
MAMastercard(MA) PYMNTS.com·2024-08-13 22:00

Mastercard is upgrading its open banking for lending program, powered by employment/income verifier Argyle.The new features, announced Tuesday (Aug. 13), lets Mastercard offer income and employment coverage to the estimated 95% of the U.S. workforce who are paid through direct deposit.“Securing a loan can be overwhelming, and those challenges are compounded for the 19 percent of individuals who fall outside of the traditional credit reporting system and therefore face difficulty opening a credit card or ren ...