MasterCard International

Mastercard (NYSE: MA),, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business, managing finances and accessing cash – easier, more secure and more efficient for everyone.

For 50 years, consumers have been able to reliably use their Mastercard cards to withdraw cash from one of the largest ATM networks in the world, whether they are at home or travelling abroad. And now, Mastercard is working to bring new, innovative solutions that meet the evolving digital needs of consumers, issuers, acquirers, and operators to the ATM. These new solutions will not only provide a seamless, secure user experience and arm our partners with technology that can help shape the next wave of ATM usage, they will turn the ATM into an access point for both banked and unbanked consumers.

You can find more information about these new products below.

Visit us at: 

Shashank Shekhar

Mastercard Address
2000 Purchase St, Purchase, NY 10577

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Products & Services

Mastercard Cash Pick-Up (currently piloting in US)

Mastercard Cash Pick-Up


Mastercard Cash Pick-Up™ allows banks and their disburser customers to deliver cash quickly, securely, and easily to any vetted consumer – banked or unbanked – through enabled ATMs, without the use of a card.

Once the sender has created an order, a virtual card number is created, and the recipient is notified that their money is ready to be picked up at any enabled ATM. At the ATM, the recipient enters their order information and receives cash; no card or bank account is needed.


  • Facilitate new flows to increase volumes and customer base
  • Help increase ATM functionality and value


  • Help improve consumer experience and solidify the consumer relationship
  • Support increased revenue and customer base by participating as a VCN issuer


  • Deliver essential cash quickly and simply
  • Help expand your disbursement options

Some of the key use cases for this product are:

  • Person-to-person domestic cash transfers totaled over $30B in the U.S. in 20161
  • Social benefits2 from the U.S. government totaled over $2.4T to individuals and businesses in 20163
  • Corporate Rebates to consumers totaled over $20B in U.S. in 20164
  • Emergency Cash Assistance for when a card is lost – a service for over 1.7B cards in U.S. circulation in 20165
  • Disaster and Aid Relief6 disbursements reached over $1B from NGOs and federal entities in 20167

1 MTO Public fillings
2 Under development
3 Congressional Budget Office Data, 2016
4 Mastercard Data
5 RBR “Global Payment Card Report”, 2016
6 Under development
7 Government and NGO Public Filings, 2016

Cardless ATM powered by Mastercard (coming late 2018)

Cardless ATM by Mastercard

Cardless ATM allows consumers to view the total cost of an ATM withdrawal before visiting the ATM and complete the entire transaction using their mobile device, without the need for their card. The experience takes place within their Issuer’s mobile banking app, whether they are at home or abroad.

Cardless ATM addresses consumer concerns and demands for:

  • Cost Transparency by providing a breakdown of the total cost
  • Security by passing the tokenized PAN through the cloud to any enabled ATM

Convenience by eliminating the need for card at ATM and shifting the user experience to the consumer’s mobile banking app / digital wallet

A contactless ATM solution

Cardless ATM by Mastercard

This is a contactless solution for ATMs which uses NFC, allowing consumers to provide digital credentials to the ATM instead of using a physical card. This product will make using an ATM inherently more secure and convenient for consumers. This solution is currently under development.

Mastercard ATM Locator

Mastercard ATM Locator

Mastercard’s ATM Locator allows consumers who are searching for an ATM to easily locate one through this repository of all the ATMs on Mastercard’s network. It is easily accessible online and through the Mastercard Nearby App.

Online portal:

Through the App – Mastercard Nearby allows consumers to filter their search results based on the following ATM features:

  • Financial Institution Name
  • Drive-through ATM
  • 24-Hour Service
  • Wheelchair Accessible
  • No Surcharge
  • No Access Fee
  • Deposit Sharing
  • Bank ATM
  • Chip Reader Enabled ATM
  • International Maestro Acceptance

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