MasterCard Expands Relationship with First Performance Global to Drive Greater Card Control
May 01 2015 - 8:58AM
Business Wire
MasterCard today announced the expansion of its intellectual
property relationship with First Performance Global.
Through the global extension of a license for its proprietary
MasterCard In ControlTM technology, MasterCard will take an equity
stake in First Performance. As a result, the two companies will
collaborate on growing First Performance’s ability to offer payment
card issuers and processors self-service tools for cardholders.
“The way people shop and pay is continually changing through new
technologies,” said Geoff Iddison, executive vice president,
strategic partnerships, MasterCard. “Solutions like these
complement platforms like MasterPass and EMV in delivering
cardholder both a better shopping experience and peace of mind in
the protection of their accounts.”
Since 2014, First Performance has used the MasterCard license to
design and develop its platform, providing cardholders the ability
to personally make decisions about when to “turn on” and “turn off”
their credit and debit cards. It also allows them to activate
loyalty programs and control where and how their cards can be used
through a simple, easy-to-use GogoNogo mobile app.
“We have enjoyed a great relationship with MasterCard,” notes A.
Wayne Johnson, First Performance CEO and Executive Managing
Director. “The expansion of our intellectual property relationship
on a global basis is an exciting opportunity for our company.”
About MasterCard
MasterCard (NYSE:MA), www.mastercard.com, is a
technology company in the global payments industry. We operate the
world’s fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in
more than 210 countries and territories. MasterCard’s products and
solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more
secure and more efficient for everyone. Follow us on Twitter
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on the Engagement Bureau.
About First Performance Global
First Performance Global delivers an innovative platform
revolutionizing how issuers and processors connect and engage with
their customers. Through interaction with the ISO 8583
authorization stream, the First Performance platform provides
financial institutions with customer self-service capabilities,
card management, loyalty, and messaging tools that deliver greater
control, security, interactive communication, and an overall
enhancement to the card use experience. For more information, visit
www.firstperformance.com.
MasterCard IncorporatedSeth
Eisen, 914-249-3153Seth_Eisen@mastercard.comorFirst
Performance GlobalCharles E. Potts,
877-404-7667charles@firstperformance.com
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