What is a requirement for Mastercard Send participants?

Mastercard Send requires participants to adhere to the Mastercard Send Program Standards and Rules. This requirement is crucial as it ensures that all entities participating in the program are aligned with Mastercard's established protocols, guidelines, and operational standards necessary to facilitate secure and efficient payment transactions. Compliance with these standards helps maintain the integrity and reliability of the Mastercard Send network while also safeguarding consumer data and ensuring a consistent user experience across various transactions.

While compliance with local banking regulations is important in financial services, and annual training may enhance participants' understanding of the program, these elements are not explicitly mandated as a requirement by Mastercard. Additionally, membership in a financial analytics group does not pertain to the operational aspects of Mastercard Send participation.