In the News

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MasterCard: Focus On Affluent Customers, Prepaid Cards Key To Growth

The Wall Street Journal | September 16, 2011

MasterCard Inc. (MA) is emphasizing products aimed at affluent consumers as well as emerging categories like prepaid cards and mobile payments to drive growth, executives said Thursday.

The Purchase, N.Y., credit card company is trying to convert more of the world’s transactions from cash and checks to electronic payments and capture a larger share of those transactions, President and Chief Executive Ajay Banga told analysts on a conference call for investors.

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MasterCard Shows the Future of Mobile Payments Is In Your Senses

ReadWriteWeb | September 16, 2011

The future of mobile payments has the potential to invade your senses. MasterCard is showing off what could be the next wave of innovation in payments this afternoon at an event in New York City. Imagine being able to wave at your TV and order a order a pizza. Or get a coupon because your smartphone was listening to a commercial. These possibilities are not as far-fetched as you might think.

MasterCard Labs is working on proof-of-concept for these payment solutions and more. Not all of these futuristic designs will make it to market, but enough of them will that user behavior will be fundamentally changed within the next decade.

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BMO First Big Bank to Launch Mobile Payment

The Financial Post | September 14, 2011

The Bank of Montreal (BMO) has introduced a tap-and-go technology from its MasterCard product to encourage customers to pay for small purchases using their mobile phones.  BMO MasterCard cardholders who select the new service will be able to tap their phone — outfitted with a special sticker — over PayPass readers at participating merchants.

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America’s Favorite Small Business Competition | August 31, 2011

Dell partnered with Microsoft and MasterCard for America’s Favorite Small Business competition. Entrants can submit their business on Dell’s YouTube channel for the chance to win $25,000 in Dell products preloaded with Windows 7 Professional & Microsoft Office Home and Business 2010, a $50,000 prepaid card from MasterCard and their own online reality show.

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ClearCash Named Best Prepaid Card

Moneyexpert, UK | August 18, 2011

Following extensive research into the prepaid credit card market, a leading prepaid credit cards comparison website, Compare Pre Paid has voted ClearCash the best all round prepaid credit card available in the UK. The ClearCash Card is a prepaid MasterCard card which does not offer credit but can still be used at over 32 million locations worldwide wherever you see the MasterCard Acceptance Mark.

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