PURCHASE, N.Y.—Mastercard has debuted a new service to boost transparency for users’ purchases online, the company said.
The payments company’s service, delivered via Ethoca, will give customers more details on their purchases, such as the merchant’s name, logo and location of the purchase.
Merchants have been invited to upload their logos and increase their brand’s visibility, as well as doing away with confusion on the purchases that have led to unnecessary chargebacks before, Pymnts.com explained.
In addition, Mastercard said it is also working with issuers to help make a new industry standard, in which the better visibility and details are more entrenched in digital bank channels in the next year.