Mastercard has launched a suite of tools designed to help financial providers to meet the needs of middle market customers.

The company also announced a new partnership with Feedzai, an AI solution provider, to tackle AI-based scams.

Mastercard’s Mid-Market Accelerator combines digital payment technology with features from its partners that the company says provide transparency, automation and security.

The service, which includes cashflow and expense management, will initially be available in the US, with plans for a global rollout.

Mastercard says that there is an “untapped” opportunity to support the growth and digitisation of middle market companies, which it defines as companies with annual revenues between $10 million and $100 million, or with around 50-250 employees.

Its research found that middle market companies are placing increasing importance on tailored solutions, with almost 40 per cent saying they would switch providers if they offered products with a better fit.

“Mastercard Mid-Market Accelerator reinforces our commitment to powering commerce for businesses of all sizes and supporting companies along every stage of their growth journey,” said Jane Prokop, executive vice president and global head of small and medium enterprises at Mastercard. “With the launch of these dedicated solutions, Mastercard aims to address the longstanding barriers that have blocked midsize companies from accessing bespoke tools fit for their sophisticated needs.”

Partnership with Feedzai

Mastercard also revealed it would use Feedzai’s global fraud platform to deploy its Consumer Fraud Risk (CFR) solution to customers across many key markets globally.

Mastercard said the technology provides both the sending and the receiving financial institution with intelligence to help detect and prevent scams in real time.

Since it went live in the UK in 2023, Mastercard said data from the country’s Payment Systems Regulator (PSR) shows that the value of authorised push payment (APP) scams has reduced by over 12 per cent.

"With more than half the world’s population affected, the scale of scam fraud is not only having a devastating impact on consumers, but also surpassing the GDP of many individual economies” said Johan Gerber, executive vice president, head of security solutions at Mastercard. "Together with Feedzai’s global platform we will scale our first-of-its-kind scams solution to more markets, helping more financial institutions combat financial crime faster than before."

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