Mastercard partners with Fiserv to accelerate mainstream stablecoin adoption
PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard is deepening its partnership with Fiserv, Inc. (NYSE: FI) to integrate its new FIUSD token across a range of Mastercard products and services, expanding stablecoin adoption and utility for their shared customers around the world.
'Leveraging the power of the Mastercard network, as well as our deep capabilities across digital assets, we are creating a robust ecosystem that bridges traditional financial services with digital assets," said Chiro Aikat, co-president at Mastercard.
Share
By offering FIUSD across Mastercard's global payments network, people and businesses can use the new, programmable, blockchain-based token across more than 150 million merchants.
Mastercard and Fiserv will explore key areas to solve for real-world challenges and opportunities for stablecoin adoption and utility, including:
Seamless on and off-ramping: The partnership can enable the efficient on/off-ramping of funds, allowing consumers and businesses to transition smoothly between fiat and FIUSD.
Enabling merchants to settle in FIUSD: Mastercard can enable FIUSD as a settlement option for its global acquirers, helping merchants get paid in FIUSD, no matter how they are paid. This not only expands choice but also enhances operational efficiencies and delivers a seamless payment experience.
Connectivity to the Mastercard Multi-Token Network (MTN): Fiserv's Digital Asset Platform, powered by Finxact, can leverage Mastercard MTN to bring off-the-shelf support for programmable, on-chain commerce for banks.
Powering stablecoin-powered cards: Together, Fiserv and Mastercard will enable the issuance of stablecoin-linked cards for shared customers, allowing consumers and businesses to make FIUSD payments anywhere around the world where Mastercard is accepted. With Mastercard One Credential, consumers can also flexibly choose the payment type of their choice – from debit, credit to stablecoin balances.
'This work with Fiserv is setting the stage for a new era, where stablecoins are as ubiquitous and trusted as fiat currencies, driving choice and innovation for all,' said Chiro Aikat, co-president, Americas at Mastercard. 'Leveraging the power of the Mastercard network, as well as our deep capabilities across digital assets, we are creating a robust ecosystem that bridges traditional financial services with digital assets. Underpinned by our commitment to providing seamless, secure, and programmable transactions, we are excited to bring Fiserv's FIUSD to our customers, consumers and businesses around the world.'
'FIUSD presents Fiserv customers with access to a new, more efficient, and interoperable digital asset service for their banking and payment flows. To date, stablecoins have largely been a store of value. Our work with Mastercard is promoting greater reach and utility of stablecoins by helping our financial institutions and merchants enable greater payments choice to their customers,' said Takis Georgakopoulos, Chief Operating Officer, Fiserv.
About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com
About Fiserv, Inc.
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover ®, the world's smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500 ® Index and one of Fortune ® World's Most Admired Companies™.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
15 minutes ago
- Business Wire
ISC Names Stephen Hanson as Chief Architect
CARLSBAD, Calif.--(BUSINESS WIRE)--California-based Integrated Specialty Coverages (ISC), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering, data analytics, and predictive modeling, has hired Stephen Hanson as Chief Architect to lead the company's enterprise-level technology strategy, marking a significant step in the organization's continued evolution as a data-driven insurance platform. 'We're building for scale, and that means aligning our growing family of platforms under a unified, forward-looking architecture,' said ISC CEO and Founder Matt Grossberg. 'Stephen brings the technical depth and leadership experience needed to drive that vision forward. His understanding of configurable systems, integration scalability, and cross-platform cohesion will be critical as we continue to expand.' In his new role, Stephen will oversee long-term technology initiatives across ISC's portfolio, including OMGA (OnlineMGA), Event Helper, and Abacus Entertainment, among others. His mandate includes creating architectural consistency across platforms, building scalable solutions for program onboarding, and forming ISC's first formal Architecture Council to facilitate collaborative decision-making among stakeholders. 'One of my top priorities is enabling single sign-on functionality across all ISC applications,' said Hanson. 'It's the kind of cross-functional challenge that touches every platform and illustrates the need for unified architectural leadership. I'm also excited to accelerate development of configurable workflow tools that allow ISC to onboard new programs more efficiently without custom development every time.' What drew him to ISC, Stephen said, was both the technical challenge and the people at the organization. 'From the moment I met the leadership team, I was impressed by their vision and the opportunity to forge innovation in the insurance space,' he said. 'ISC is uniquely positioned to bring together a diverse portfolio of insurance platforms through modern, flexible technology,' said Stephen. I'm excited to join a company that's building for scale, enabling speed through modular tools, and aligning technology decisions with real business growth.' As ISC continues to scale its capabilities across multiple insurance verticals, Stephen's appointment reflects the company's commitment to delivering seamless, high-performance solutions to its broker and carrier partners, as well as consumers nationwide. Stephen brings nearly two decades of experience in software architecture and cross-functional platform development. Before joining ISC in May 2025, he served as Principal Software Architect at Classy (now GoFundMe Pro), a leading fundraising platform for nonprofits. Stephen led a team of application architects supporting a 200-person product and engineering team and was responsible for overseeing key platform-wide initiatives, including identity management and architecture planning. Earlier in his career, he advanced through roles as Senior Software Engineer, Technical Lead, and Application Architect across several startups and enterprise software environments. Stephen holds a bachelor's degree in Business Administration with a concentration in Management Information Systems from Northeastern University in Boston, Massachusetts. About Integrated Specialty Coverages Integrated Specialty Coverages (ISC) is a leading, multi-line program administrator dedicated to underwriting excellence, client service, and customer experience. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. The firm uses sophisticated technology and analytics to revolutionize how complex programs are underwritten and operated. They are joined by experienced professionals from all spheres of the insurance ecosystem. ISC's strategy is focused on a combination of strategic M&A, data-driven decision making, as well as an innovative means of delivery. ISC provides its partners with high-quality service, competitive commission, and creative product delivery options to help expand their footprint in any desired line or class of business. Please visit:
Yahoo
16 minutes ago
- Yahoo
Allianz Life Study Finds Record High Investment Anxiety
Recent market volatility is fueling worries about long-term financial outlook for retirement. KEY FINDINGS: 48% are too nervous to invest right now – the highest since 2019 73% are concerned that continued market volatility could negatively impact their long-term financial plan 77% worry that new tariffs will increase their cost of living MINNEAPOLIS, June 24, 2025--(BUSINESS WIRE)--More Americans say that they are too nervous to invest right now and are worried about their retirement savings more than they have in the last six years as extreme market volatility ripples through the economy, according to the 2025 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America (Allianz Life). Nearly half (48%) of all Americans say they are too nervous to invest right now. This is up from 41% in Q1 and higher than any other time since Allianz first asked this question in 2019. At the same time, market volatility is also leading to increased worry about long-term financial security for goals like retirement. Similarly, 47% say volatility in the market is making them nervous about their nest egg. This concern is one of the highest recorded since Allianz first asked this question in 2019, matching the level in 2023 following a period of rapid inflation. Nearly three in four (73%) are concerned that continued market volatility could negatively impact their long-term financial plan. With that, 72% worry that they might not be able to afford the lifestyle they want in retirement if this market volatility continues or gets worse. "It can be hard to watch values in accounts that are invested for long-term goals like retirement fluctuate wildly during times of market volatility," says Kelly LaVigne, VP of consumer insights, Allianz Life. "For people who are still many years away from retirement, staying the course is the best option. But recent market volatility highlights the need to incorporate risk management into a retirement strategy since it could result in depleting assets faster than anticipated through a negative sequence of returns." Much of the current market volatility stems from ongoing uncertainty around tariffs. The majority of Americans (77%) worry that new tariffs will increase their cost of living. Increasing worry about a recession The majority of Americans (63%) worry that a major recession is right around the corner, up from 53% last quarter and the highest since 2023. Gen Zers are most worried about a recession (67%), compared to millennials (63%), Gen Xers (64%), and boomers (61%). More Americans (45%) are concerned that they will be laid off because of an economic downturn than they were in Q1 (40%). Gen Zers are the most worried with 64% saying they are concerned about a layoff this year, compared to 45% of millennials and 41% of Gen Xers. Many are making changes to their portfolios and turning to financial professionals for help. More than half (55%) say they have made changes to their investments to make them less risky or more conservative because of recent market volatility, up from 49% in Q1. Two in three (66%) Americans who have a financial professional say they have recently or plan to reach out to their advisor because of concerns about recent market conditions. This is up from 59% last quarter. "Current market volatility has underscored the need to address this risk within a retirement strategy," LaVigne says. "This is particularly important during the fragile decade – the years right before and immediately after retiring – when market volatility can have the greatest effect on a retirement strategy. This uncertainty also underscores why it is so important to work with strong and stable financial institutions that take a long-term view and will be here for you in the future." *Allianz Life conducted an online survey, the 2025 Q2 Quarterly Market Perceptions Study in May 2025 with a nationally representative sample of 1,003 Respondents age 18+. Allianz Life Insurance Company of North America does not provide financial planning services. About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America (Allianz Life), one of the Ethisphere World's Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2024, Allianz Life provided additional value to its policyholders via distributions of more than $18.6 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and indexed universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with more than 157,000 employees in nearly 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer's Minnesota United. View source version on Contacts For more information: Sarah Hauer(763) @AllianzLife Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19 minutes ago
- Business Wire
Allianz Life Study Finds Record High Investment Anxiety
MINNEAPOLIS--(BUSINESS WIRE)--More Americans say that they are too nervous to invest right now and are worried about their retirement savings more than they have in the last six years as extreme market volatility ripples through the economy, according to the 2025 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America (Allianz Life). Nearly half (48%) of all Americans say they are too nervous to invest right now. This is up from 41% in Q1 and higher than any other time since Allianz first asked this question in 2019. At the same time, market volatility is also leading to increased worry about long-term financial security for goals like retirement. Similarly, 47% say volatility in the market is making them nervous about their nest egg. This concern is one of the highest recorded since Allianz first asked this question in 2019, matching the level in 2023 following a period of rapid inflation. Nearly three in four (73%) are concerned that continued market volatility could negatively impact their long-term financial plan. With that, 72% worry that they might not be able to afford the lifestyle they want in retirement if this market volatility continues or gets worse. 'It can be hard to watch values in accounts that are invested for long-term goals like retirement fluctuate wildly during times of market volatility,' says Kelly LaVigne, VP of consumer insights, Allianz Life. 'For people who are still many years away from retirement, staying the course is the best option. But recent market volatility highlights the need to incorporate risk management into a retirement strategy since it could result in depleting assets faster than anticipated through a negative sequence of returns.' Much of the current market volatility stems from ongoing uncertainty around tariffs. The majority of Americans (77%) worry that new tariffs will increase their cost of living. Increasing worry about a recession The majority of Americans (63%) worry that a major recession is right around the corner, up from 53% last quarter and the highest since 2023. Gen Zers are most worried about a recession (67%), compared to millennials (63%), Gen Xers (64%), and boomers (61%). More Americans (45%) are concerned that they will be laid off because of an economic downturn than they were in Q1 (40%). Gen Zers are the most worried with 64% saying they are concerned about a layoff this year, compared to 45% of millennials and 41% of Gen Xers. Many are making changes to their portfolios and turning to financial professionals for help. More than half (55%) say they have made changes to their investments to make them less risky or more conservative because of recent market volatility, up from 49% in Q1. Two in three (66%) Americans who have a financial professional say they have recently or plan to reach out to their advisor because of concerns about recent market conditions. This is up from 59% last quarter. 'Current market volatility has underscored the need to address this risk within a retirement strategy,' LaVigne says. 'This is particularly important during the fragile decade – the years right before and immediately after retiring – when market volatility can have the greatest effect on a retirement strategy. This uncertainty also underscores why it is so important to work with strong and stable financial institutions that take a long-term view and will be here for you in the future.' *Allianz Life conducted an online survey, the 2025 Q2 Quarterly Market Perceptions Study in May 2025 with a nationally representative sample of 1,003 Respondents age 18+. Allianz Life Insurance Company of North America does not provide financial planning services. About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America (Allianz Life), one of the Ethisphere World's Most Ethical Companies®, has been trusted since 1896 to help millions of Americans prepare for financial uncertainties and retirement with a variety of innovative risk management solutions. In 2024, Allianz Life provided additional value to its policyholders via distributions of more than $18.6 billion. Allianz Life is a leading provider of fixed index annuities, registered index-linked annuities, and indexed universal life insurance. Additionally, Allianz Investment Management LLC (AllianzIM), a registered investment adviser and wholly owned subsidiary of Allianz Life, offers a suite of exchange-traded funds (ETFs). Allianz Life and AllianzIM are part of Allianz SE, a global leader in the financial services industry with more than 157,000 employees in nearly 70 countries. Allianz Life is a proud sponsor of Allianz Field® in St. Paul, Minnesota, home of Major League Soccer's Minnesota United.
