MasterCard announced the appointment of two Co-Presidents for the Asia/Pacific region – Ling Hai and Ari Sarker; as well the creation of two sub-regions – North East Asia and Australasia (NEAA) and South East Asia and South Asia (SEASA). The new sub-regions are in recognition of the growing importance of Asia/Pacific as a whole as it houses two of the region’s biggest markets – China and India – and reflects a more focused approach for these diverse markets.
MasterCard is announcing today the first class of 7 leading European startups that are developing innovative commerce solutions as part of the inaugural MasterCard Start Path accelerator class.
MasterCard (NYSE: MA) and Web.com Group, Inc. (Nasdaq: WWWW), a leading provider of Internet services and online marketing solutions for small businesses, today announced an agreement to feature Simplify Commerce™ as the preferred payment provider for all of Web.com’s brands and platforms. Web.com serves more than 3.2 million small business customers ranging from restaurants and…
MasterCard and First Data Corporation today announced a strategic alliance to provide a unified solution for First Data’s FirstVision platform powered by VisionPLUS with the introduction of MasterCard inControl for banking clients and customers in Asia Pacific.
MasterCard and SFX Entertainment today announced a multi-year global partnership that will bring innovative technology solutions to the SFX platform and further strengthen MasterCard’s commitment to being an experiential brand in music and entertainment. MasterCard will simplify the way hundreds of millions of electronic dance music (EDM) fans worldwide can access SFX events, engage with content and connect with their community. SFX Entertainment, Inc. is the largest global producer of live events and digital entertainment content focused exclusively on electronic music culture and other world-class festivals.
MasterCard today announced the launch of MasterPass™, its global digital service in Poland. uPaid will be the first partner to leverage the MasterPass platform to enable its digital uPaid wallet. MasterPass will replace and enhance the MasterCard® Mobile platform, which has been present in Poland for three years. uPaid will automatically switch its current users of MasterCard Mobile over to the uPaid wallet. MasterCard www.mastercard.com,is a technology company in the global payments industry.
London tops the list as the destination of choice for international travelers for the third time in four years, according to the annual MasterCard Global Destination Cities Index. Rounding out the top five cities are Bangkok, Paris, Singapore and Dubai, which are benefiting from a surge in international travel fueled by an expanding middle class, innovations in luxury travel and rising need for business travel. The index also indicates this surge will continue, even with more technology and collaboration tools available to businesses. MasterCard’s Priceless Cities program provides exclusive access to more of life’s passions. At the same time, there are core benefits, insurances and features that help provide greater convenience along the way.
MasterCard and Silicon Valley Bank are inviting startups from across North America to apply for a position in the Commerce.Innovated. class. In the four-month Commerce.Innovated. program, participating startups receive access to industry expertise across the commerce space from selected MasterCard and Silicon Valley Bank executives and partners. Participants must be focused on an innovative commerce solution; have assembled a strong, small core team; activated a beta of their solution, that projects to generate revenue in the next 6 months; and have secured or raising seed funding, with plans to raise Series A.
Citi, American Airlines and MasterCard partnered to deliver a special performance by Grammy and Emmy Award-winner Justin Timberlake for their cardmembers. Timberlake will bring cardmembers a truly priceless experience through the Citi® / AAdvantage® & MasterCard Priceless Access with a Justin Timberlake™ performance that is reflective of the exclusivity, benefits and access cardmembers are provided. Cardmembers also have an opportunity to enter a social sweepstakes by using #PricelessAccess for a chance to win a flyaway package to attend the NYC show. Click here for the rules and how to enter. In addition, beginning today, Citi® / AAdvantage® members can visit www.aadvantageauction.com to bid on a flyaway package to the event using miles. The Citi® / AAdvantage® MasterCard also provides cardmembers special access to over 10,000 events annually through Citi Private Pass.
MasterCard and PULSE reached an agreement to allow financial institutions that issue EMV debit cards that participate in both the MasterCard and PULSE networks to use MasterCard’s common debit solution on those cards. U.S. debit regulations require that each debit card provide merchants and acquirers the opportunity to route debit transactions over multiple, unaffiliated networks. This is made possible for debit EMV cards through the use of common application identifiers (AIDs). Licensing MasterCard’s common debit AID will help support EMV chip adoption in the United States by enabling issuers to deploy EMV cards in compliance with this regulatory requirement. PULSE will use MasterCard’s common AID to process domestic ATM and POS transactions on behalf of issuers that participate in both PULSE and MasterCard, including those initiated with contactless-enabled devices.
MasterCard and Habitat for Humanity officially launched the work/live initiative. WIth this, Habitat will build homes with functional living and business spaces, offering increased employment and income opportunities for low-income families. The MasterCard Center for Inclusive Growth, the arm of MasterCard focused on advancing financial inclusion, is providing a $400,000 grant to fund the construction of these work/live spaces and to increase Habitat’s capacity to replicate the model across the country.The program builds on the success of previous programs which developed the work/live model in response to community efforts related to economic development.
MasterCard announced opening an accelerator program in Europe , led by MasterCard Labs), to help startups achieve scale. Mastercard will listen to the individual needs of each startup, understanding their business goals, and ultimately, helping them get to scale faster and more effectively than they would have on their own.