MasterCard Worldwide

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Citi has announced the launch of Citibank Paylink for Cards, an electronic payment solution, which is developed by its global transaction services business in partnership with MasterCard.

FRAUDSTERS have been siphoning off millions of pounds from British bank accounts using doctored chip-and-pin machines.

Mobile payments may soon change the way Americans buy.

MasterCard, a provider of payment processing solutions, has appointed Jackson Tai to its board of directors. With this appointment, the MasterCardboard of directors returns to a full complement of nine Class A directors and three directors representing the financial institutions that own MasterCard Class M shares. Mr Tai joins the MasterCard board as a Class M director. He is the former vice chairman and CEO of DBS Group and DBS Bank, having served as CEO from until. He joined DBS Group as CFO, and subsequently served as president and COO until his appointment as CEO.Prior to joining DBS Group, Mr Tai was a managing director in the investment banking division at JP Morgan & Company, where he served 25 years and held several management positions in New York, Tokyo and San Francisco. Richard Haythornthwaite, chairman of the MasterCard board of directors, said: "Jackson is an accomplished financial services executive, and his deep knowledge of our industry and global experience, particularly in Asia , will greatly benefit MasterCard."

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MasterCard Worldwide has launched a new program, MasterCard Savings, which is claimed to provide debit MasterCard and eligible prepaid MasterCard cardholders with many significant merchant-funded discounts and special offers each day from merchants across the US.

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Datamonitor

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PR Newswire

Financial Times

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