Payments

Instant validation. Exceptional experience.

Real-time data and smart insights streamline payments with less risk.

Putting consumers first moves payments forward

Tap into permissioned data for unsurpassed security and next-generation payments experiences.

No. 1

accepting online checkout payments is businesses’ top use case for open finance¹

92%

of consumers say they want to choose their preferred payment method for every payment they make¹.

2 of 3

top consumer use cases for open finance are centered on payments ¹.

71%+

of consumers have used or would use open finance to pay bills or make account-to-account payments ².

The Mastercard difference

For more than 60 years, we’ve led the industry in payments innovation and security at scale.

Experian Boost

Thanks to open banking capabilities, Experian Boost has enabled more than 6 million consumers to leverage their telecommunications, utility, cell phone, and streaming service payments. That real-time data can boost FICO® Scores, increase financial inclusion, and enhance decisioning for lenders. The Finicity-Experian relationship has proven, once again, that consumer-permissioned data, combined with smart insights, opens the door to new possibilities.

CASE STUDY

Experian

Learn how Experian Boost can improve your credit score. Instantly add utility and subscription payments to your Experian credit file to see results fast.

Financial data belongs to the consumer, so it only makes sense to us that they should control and fully benefit from it. Mastercard Open Finance understands this, too. Together, we’ve been able to empower millions of consumers to leverage that data and improve their credit score, with millions more to come.

Jeff Softley President of Direct-to-Consumer

Covering payments from every angle

Mastercard Open Finance powers all the ways people and small businesses pay and get paid in a digital-first world.

Reduce payment failures

Accurate, real-time snapshots to help reduce NSFs and overdraft fees while improving consumer experience.

Real-time fraud mitigation

Validate ownership and account data against network-based insights with a single API call.

Deliver a seamless payment experience

Permission account data with Mastercard Data Connect to enable and enhance new financial experiences.

Boost payment success and reduce fees

Instant account balance checks improve payment success.

Fast authentication for initial deposits

Get secure confirmations in real time without waiting for micro-deposits or notifications.

Direct ACH payments to merchants

Secure, integrated account-to-account payments to merchants and service providers.

Recurring payments

Fast, convenient autopay setup for bills and subscription accounts.

Simple, secure loan servicing

Trusted, reliable payment tools for consumer and small-business loans.

Nacha Web Debit compliance

As a Nacha Preferred Partner, Mastercard Open Banking satisfies Nacha’s Web Debit Rule for reliable ACH payments.

1. Mastercard Rise of Open Banking Report, 2024.

2. Mastercard Rise of Open Banking Report, 2024. Peer-to-peer payments: 71%; transfers between one’s own accounts: 75%; paying bills: 78%.

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