MasterCard Worldwide

Few details have emerged about plans to create a pan-European debit card network called Monnet, which would compete with Visa Europe and MasterCard Worldwide. The European Central Bank, however, is firmly behind the creation of a scheme to create more network competition in the region.

MasterCard Worldwide’s credit card transactions are not being cannibalized by the growth in consumer debit card use, Chris McWilton, MasterCard president of U.S. markets, today told analysts at the Credit Suisse Financial Services Forum in Miami.

As issuers mail out contactless credit and debit cards by the millions, it is not clear how often they are being used.

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Contactless cards could reduce time spent in checkout lines by 40% to 60%, Frédéric Marzurier, administrative and financial director of the financial-services subsidiary of France-based retailer Carrefour Group, tells CardLine Global.The subsidiary, Société des Paiements, has issued 2.5 million MasterCard-branded contactless cards since launching the product about nine months ago. Consumers have been able to use the cards for purchases at Carrefour stores since September, and now they can do so in some 700 Carrefour supermarkets and 24 Carrefour fuel stations. The Carrefour contactless cards include a loyalty application that enables consumers to earn cash-back rewards and discounts on purchases. The spread of contactless payments to one of France's major retailers could prepare the merchant and its customers for contactless mobile payments based on Near Field Communication technology, Marzurier adds.

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In MasterCard Inc.'s vision of the future, mobile phones have become versatile financial tools that offer a broad range of payments capabilities.

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MIAMI--(BUSINESS WIRE)--NovoPayment, Inc., Latin America's leading prepaid program manager and service provider and parent company of Tebca and Servitebca, announced today that it has been granted a Principal Member license by MasterCard Worldwide for the issuance of MasterCard prepaid cards in the region, making it MasterCard's first non-traditional institution in Latin America to receive the designation.

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CARTES & IDentification 2009