MasterCard rebranded its “World Signia” affluent customer solution “World Elite” across Europe. With this, the Company expanded its merchant-supported “World Elite Privileges Program” to include global travel, more than 5,000 luxury hotels, two leading car hire companies, private jets and lifestyle experiences – including spas, golf and fine wine – from major global brands. With this, “World Elite” cardholders can tap exclusive offers from over 40 Privileges partners, including The Savoy London, Mandarin Oriental and Raffles Hotels & Resorts. World Signia cards are currently issued by RBS, NatWest, Coutts and Barclays in the UK.
SUBWAY sandwich franchise will accept MasterCard PayPass contactless payments at more than 7,000 U.S. locations by the end of 1Q/12. Extending to customers the option to pay for their meal by simply tapping a MasterCard PayPass-enabled card or device at the register, MasterCard’s PayPass technology offers consumers a simple, easy and convenient way to pay for goods and services at 341,000 merchant locations worldwide. With MasterCard PayPass, SUBWAY customers simply tap their PayPass-enabled MasterCard card, phone or device on a PayPass-accepting reader at check-out.
Hoeft & Wessel is set to provide NFC enabled contactless payment functionality across its ITSO ticketing equipment and terminals through the integration of Contactless. CreditCall’s Contactless Kernel allows Hoeft & Wessel ticketing, parking and mobile solutions to incorporate contactless payment technology into its solutions, greatly reducing their development and time to market cycle. Addressing stationary and mobile systems with ticket vending machines and parking machines and mobile terminals with a Contactless Kernel, Hoeft & Wessel can now accept Visa payWave and MasterCard PayPass enabled cards in an unattended environment.
MasterCard Worldwide announced it has reached its goal of raising $4 million for Stand Up To Cancer (SU2C) through its “Eat, Drink and Be Generous” campaign. MasterCard made a donation to SU2C every time cardholders used their MasterCards when dining out. To keep the momentum moving forward with additional support for SU2C, MasterCard has partnered with Rewards Network, who powers the leading dining rewards programs in North America, including “iDine” for which through Oct. 31, 2011, Rewards Network will donate 50 cents to SU2C when diners use a registered MasterCard in qualifying transactions over $15 made at participating iDine restaurants. Diners enroll and register the MasterCard they use when dining out at over 10,000 participating restaurants.
MasterCard Worldwide and Starwood Hotels & Resorts Worldwide announced Starwood will participate in the MasterCard enhanced folio data program. Starwood will add nine new hotel brands and more than 1,000 properties worldwide to the program, expanding the number of business traveler-preferred hotel choices available from which corporate travel departments can receive line item expense data from employee corporate payment card purchases. The MasterCard hotel folio data program delivers travel expenses made on a card in line-item detail, electronically and on monthly invoices, to offer travel managers ease and efficiency in travel policy monitoring.
MasterCard is participating in the World Retail Congress 2011 in Berlin from 25 to 28 September 2011, as part of its wider commitment to the global retail industry. At the Congress, MasterCard will talk about some of its latest insight into consumer spending trends, the very latest and emerging payment technologies (such as contactless and mobile) and what they mean for retailers and consumers, as well as insight and advice for retailers on the challenging youth market. In addition all Congress delegates will receive a ‘Mobile Tag’ at the registration desk which they can place next to their mobile phone to make mobile payments at the Congress and experience the ease and convenience that this payment method can bring.
MasterCard announced its Board of Directors has declared a quarterly cash dividend to holders of shares of its Class A common stock and Class B common stock. The cash dividend of 15 cents per share will be paid on November 9, 2011 to holders of record of its Class A common stock and Class B common stock as of October 10, 2011.
Sprint and Google deployed the Google Wallet to all Nexus S 4G customers – an app that enables consumers to transform their phones into their wallets and make purchases with a simple tap. Sprint is the first carrier and Nexus S 4G is the first phone in the United States to deliver this convenient, innovative service that lets shoppers tap-to-pay at hundreds of thousands of participating retailers, including American Eagle Outfitters, the Container Store, Macy’s, Foot Locker and Subway. Google Wallet Android app stores virtual versions of a customer’s credit cards, offers and loyalty cards right on the one their phone. It requires users to set up a Google Wallet PIN that must be entered before making a purchase to prevent unauthorized access and payments.
mPay Gateway signed agreements with MasterCard Worldwide to expand MasterCard acceptance through support of mPay Gateway POS. mPay Gateway’s point-of-care patient payment software calculates what the patient owes, authorizes payment at the time of service, and automatically collects the outstanding patient obligation after the insurer has settled the claim, eliminating the expensive and laborious statement process. mPay Gateway makes it simple for healthcare providers to accept card payments as a standard operating procedure. The company’s software also helps healthcare providers improve cash flow through faster receipt of funds while offering their patients an easy, convenient and secure way to pay for services.
Fifth Third Bank launched its “Duo Card” credit and debit card. This dual functionality allows customers to make purchases using either a line of credit or funds available in their checking account. To draw funds from their checking account, cardholders would simply select the debit option at the point of sale and enter their PIN, or they can withdraw money from their checking account at an ATM. To draw funds against a line of credit – like a traditional credit card – consumers need only select the credit option at the point of sale and sign to complete the transaction.
Andrea Forster has been appointed MasterCard Corporate Controller and Principal Accounting Officer. Bringing to the table more than 10 years’ experience in various finance positions, most recently with Pepsi Bottling as Corporate Controller from 2000-2007 and VP, North America Finance from 2007-2008, Forster will head MasterCard finances. Prior to Pepsi Bottling Group, Andrea was vice president, Supply Chain Transformation, PepsiCo and she holds a Bachelor of Science in Accounting from Providence College and is a certified public accountant.
MasterCard Worldwide announced Debra Janssen has been appointed managing director of MasterCard’s Access Prepaid Worldwide subsidiary. Janssen will oversee operations and continue to advance the Access Prepaid Worldwide business, which is focused on the management and delivery of consumer and corporate prepaid travel cards to business partners around the world, including financial institutions, retailers, travel agents and foreign exchange bureaus. She will add this position’s roles and responsibilities to her current purview as group executive, Integrated Processing Solutions (IPS) at MasterCard, given her experience as executive vice president of EFT Processing Services for Fidelity Information Services and president of Debit Services Group and the STAR Network at First Data Corporation.