MasterCard and Child & Youth Finance International (CYFI) have announced a global strategic partnership aimed at advancing financial capabilities of children and youth. Of the 2.2 billion children in the world less than 1 percent has access to any form of financial education, often exposing them to potential exploitation. MasterCard and CYFI share the belief
Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60%
MasterCard has announced that it has completed the acquisition of Provus Bilişim Hizmetleri A. Ş. (“Provus”), Turkey’s leading independent payment solution and processing provider. The acquisition will build on MasterCard’s strategy of increasing its processing presence in high-growth markets and deliver superior processing solutions and innovative value added services for both financial institutions and customers
MasterCard, eServGlobal and BICS have announced the formation of HomeSend, a joint venture which will enable consumers to send money to and from mobile money accounts, payment cards, bank accounts or cash outlets – regardless of their location or that of the recipient. The HomeSend JV will leverage the current HomeSend platform, a remittance hub
Commonwealth Bank, in partnership with MasterCard and Samsung Electronics Australia, became the first bank globally to offer its customers MasterCard® PayPass™ payments capabilities via Near Field Communication (NFC) enabled Samsung GALAXY S4 devices. The world first collaboration delivers a next-generation shopping experience and simplifies the ways customers pay for everyday goods and services. The CommBank
Global technology company MasterCard has announced the appointment of expat Peter Chisnall as its new Country Manager in the New Zealand market. Born and raised in Taranaki, Peter brings more than 20 years experience to the table from working in the oil and gas, and then financial services industries. He joined MasterCard in January 2012,
MasterCard have released new standards designed to help employees take full advantage of the benefits of having their paycheck electronically deposited onto payroll cards. The payroll card standards require employers and payroll card providers to offer cardholders greater insight on how to access their pay through educational resources and increased transparency of any fees. Additionally,
MasterCard has announced it will enable Commonwealth Bank of Australia MasterCard cardholders to securely load and store payment account credentials on select flagship NFC-enabled Samsung devices, enabling fast and secure contactless payments. Commonwealth Bank of Australia is the first bank globally to collaborate with MasterCard and Samsung to offer this service to its customers, using
Citi and American Airlines have announced that beginning in March 2014, the Citi Executive / AAdvantage World Elite MasterCard will be the only U.S. credit card offering full membership benefits at the American Airlines Admirals Club airport lounges. “The American Airlines Admirals Club lounges are an oasis in the airport to many travelers, and we
MasterCard and Web.com, a provider of Internet services and online marketing solutions for small businesses, announced an agreement to make Simplify Commerce™ the payments provider for Web.com’s new ‘Take-a-Payment’ service. Web.com serves more than 3 million small business customers ranging from restaurants and retail shops to service providers such as consultants and plumbers, and more.
