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Mastercard Partners With Timbaland's Beatclub For First-Ever Music Album

Mastercard has made its way into the music industry. The global pioneer in payment innovation and technology has launched its first-ever music album, Priceless®, with the help of Timbaland’s Beatclub music platform. “Our first-ever music album featuring the inspiring, original work of 10 rising artists takes our innovative sonic branding approach to an even higher, unmatched level,” said Raja Rajamannar, Mastercard’s chief marketing and communications officer and president, Healthcare, in an official statement. “From Algeria to Australia and Slovenia to Sweden, each of the artists integrated our melody into their songs and created something that we are all truly proud of! We hope others will enjoy these songs as much as we do.”

Jun 22, 2022

Mastercard Honors Harlem's Iconic 'Grandma's Place' In New Campaign Featuring Small Businesses

Mastercard is putting small businesses in the spotlight in their latest campaign, and one of them is Black-woman-owned. As the official payment service for the New York Road Runners, Mastercard launched “50 Years and Running” to highlight their support of the TCS New York City Marathon. Captured by documentary filmmaker Nick Heller, the campaign features three small businesses along the marathon route , including Black woman-owned Grandma’s Place — founded by Dawn Harris-Martin, “lovingly referred to as ‘Grandma Dawn'” Davey’s Ice Cream and Bronx Native. View this post on Instagram A post shared by Grandma Dawn (@grandmasplaceharlem) “The issues facing small businesses have changed radically in the 50 years since the TCS New York City Marathon began, and the impacts of the pandemic have only amplified and evolved these challenges,” said Heller in a press release. “Running a business takes the same dedication, hard work and grit it takes to run a marathon. We’re proud to pay tribute...

Nov 9, 2021

Greenwood Partners With Mastercard For Its First Debit Card, Aims to Continue Closing The Racial Wealth Gap

Greenwood takes it up a notch! The digital banking platform made specifically with Black and Latino people and business owners in mind has announced that it has decided to partner with Mastercard as its network of choice for the bank’s first debit card. According to PR Newswire, the matte black debit Mastercard will give its cardholders a digital-centric experience along with an extensive list of security and concierge benefits. The card will also include innovative giveback programs with a focus on supporting both Black and Latino causes and businesses. Together the companies will deliver an Enhanced Mastercard® debit program which will provide all members financial protections and management services that include credit monitoring and transaction alerts as well as ID Theft Protection™, emergency card replacement, Mastercard Airport Concierge™, and access to once-in-a-lifetime exclusive Priceless offers and experiences. “As Greenwood works toward bringing practical products to...

Apr 20, 2021

Black-Led FinTech Company MoCaFi Raises $12M Series A With Investments From Mastercard and Citi

Last year, Black-owned fintech company MoCaFi announced updates to their platform to better ease financial burdens for Black and brown communities. Today, they share news of closing a $12 million Series A funding round to expand into larger capacities. “In addition to offering high-quality, low-cost financial products and services that have helped many individuals and families across the nation, we are excited to launch a new strategy that allows municipalities to systematically address a significant market failure – the lack of access to banking products for large portions of the population,” said Wole Coaxum, Founder and CEO of MoCaFi, in a statement. “Communities of color are disproportionately impacted by this phenomenon. Our model reimagines how cities work with financial services to deliver banking and disbursement solutions to all their residents. Together we have the potential to play an important role in closing the racial wealth gap in the United States.” A press release...

Mar 1, 2021

Jennifer Hudson Joins Forces With Mastercard to Uplift Black Women-Owned Businesses

Jennifer Hudson and Mastercard are on a mission to uplift Black women-owned businesses! According to Businesswire, the company has announced the Strivers Initiative — a consumer-facing platform that will elevate the visibility of Black female business owners who are overcoming obstacles to grow and maintain their business. Strivers Initiative kicks off with a national ad spot that will not only feature Black women business owners from across the nation, but GRAMMY Award winning singer/songwriter Jennifer Hudson will make an appearance too. The initiative will partner with Fearless VC, a fund built by women of color for women of color, to sponsor a grant program. This will also include a multi-city educational road show to drive awareness of the state of minority and women-owned businesses in cities across the U.S. while also providing insight to actions that cities can take to create an equitable climate. No mountain can stop Black women business owners. Join us and @IAMJHUD – shop,...

Feb 19, 2021

Artists Can Immediately Access Streaming Royalties Thanks to Create Music Group's New Credit Card

Music artists often lament about having access to the money generated from their music streams. In some cases, it takes months for them to receive their royalty checks. Create Music Group (CMG) is implementing a system to address that. The music distribution and publishing company has introduced a beta program called Create Carbon, a credit card directly linked to artists’ royalty revenue, according to Rolling Stone. Create Carbon is a sleek black titanium card powered by MasterCard and can be used anywhere MasterCard is accepted. With this program artists can instantaneously access their earnings as soon as they get them. This allows them to explore more marketing opportunities, tours, and other expenses without any barriers. “ For independent artists, almost anything you do involves you being able to act instantaneously. If you want to invest in any type of marketing campaign, you can’t wait two months,” says CEO and co-founder of CMG, Jonathan Strauss . “That’s the reason you see...

Feb 4, 2021

Mastercard Commits $500M to Close Racial Wealth Gap For Black Americans and Entrepreneurs

Global finance giant Mastercard is furthering its long-standing inclusion efforts to Black Americans across the country with another financial commitment. Last week, the company announced a $500 million investment in Black communities over the next five years that includes products, services, technology and financial support, as well as an increase in concentrated investments that will provide Black-owned businesses and consumers access to affordable finance tools and capital, a press release reports . “This is a time for action. We have an obligation as a corporate citizen to ensure the digital economy is enabled for all, an obligation to be part of the positive change Black communities so rightly need now,” said Ajay Banga, Chief Executive Officer at Mastercard, in a statement . “We are starting in cities across the country with on-the-ground efforts meant to drive out inequities and create the opportunities, connections and resources that will spark economic growth for the long...

Sep 23, 2020