Deals
Mastercard Takes Step Away From Cards With $825 Million Deal
- Finicity purchase adds tools for banks making credit decisions
- Acquisition echoes Nets purchase and Visa’s deal for Plaid
This article is for subscribers only.
Mastercard Inc. made another push away from traditional card payments with an $825 million deal to acquire technology firm Finicity.
The purchase gives Mastercard more tools that help banks speed up credit decisions or improve account verification processes, using Finicity technology that lets companies share consumers’ financial data.