News

MasterCard upgrades network, reduces transaction time

May 2, 2010

MasterCard Worldwide today announced the introduction of multiple innovative enhancements to the MasterCard Worldwide Network that will offer its financial-institution customers and merchant partners opportunities to improve the shopping experience for cardholders; identify new business opportunities; and improve operational efficiencies. With this network upgrade, global enhancements, as well as regional enhancements, for North America, Europe, Asia and Latin America are now available for customer financial institutions to enable for MasterCard-branded card portfolios.

“The MasterCard Worldwide Network provides a globally integrated infrastructure that is uniquely adaptable to the needs of customers and merchants with both global and local footprints,” says Rob Reeg, president, MasterCard Global Technology and Operations. “These network-based solutions are designed to provide financial institutions and merchant partners with locally-customized opportunities to realize operational efficiencies, reduce fraud-related costs, develop differentiated products and tap into new revenue streams that enhance their profitability and improve their cardholders’ payment experiences.”

“These enhancements further MasterCard’s ability to provide network-based solutions that complement our customers’ back-office processes, and enable them to deliver more quickly and efficiently against the ever-evolving needs of consumers,” says Reeg. “Through these enhancements, no matter where you are in the world, MasterCard is bringing more value to every transaction and new innovations to the cardholder’s payment experience.”