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Mastercard to Provide Additional Transaction Detail

By James Stevens, Brad Resweber, Sarah Hanna & Ethan G. Ostroff on February 8, 2021
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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.

Photo of James Stevens James Stevens

James is the co-leader of the firm’s Financial Services Industry Group. He has significant experience working with clients across the entire financial services sector, regularly working with public and private companies such as banks, neobanks, marketplace lenders, and other fintech and financial services…

James is the co-leader of the firm’s Financial Services Industry Group. He has significant experience working with clients across the entire financial services sector, regularly working with public and private companies such as banks, neobanks, marketplace lenders, and other fintech and financial services providers and partners.

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Photo of Brad Resweber Brad Resweber

Brad represents public and private companies in all aspects of corporate and securities transactions, including mergers and acquisitions, securities offerings, SEC reporting, corporate governance and compliance matters, capital raising, business entity formations, joint ventures, and general corporate matters.

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Photo of Sarah Hanna Sarah Hanna

Sarah is an associate in the firm’s Corporate practice. She works with public and private companies on a wide range of corporate matters, including equity and debt offerings, SEC reporting, corporate governance, and financial services matters.

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Photo of Ethan G. Ostroff Ethan G. Ostroff

Ethan’s practice focuses on financial services litigation and compliance counseling, as well as digital assets and blockchain technology. With a long track record of successful litigation results across the U.S., both bank and non-bank clients rely on him for comprehensive advice throughout their

…

Ethan’s practice focuses on financial services litigation and compliance counseling, as well as digital assets and blockchain technology. With a long track record of successful litigation results across the U.S., both bank and non-bank clients rely on him for comprehensive advice throughout their business cycle.

Read more about Ethan G. OstroffEmailEthan G.'s Linkedin Profile
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  • Posted in:
    Banking, Finance and Securities
  • Blog:
    Regulatory Oversight
  • Organization:
    Troutman Pepper Locke
  • Article: View Original Source

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