Avis Budget Group Adds Digital Payment Option for Car Rental Reservations With MasterPass by MasterCard
July 19 2016 - 11:00AM
Avis Budget Group (NASDAQ:CAR) today announced that MasterPass by
MasterCard is now a payment option for customers. Travelers can now
pay for rentals in advance with a new digital payment option when
they make reservations on Avis.com or Budget.com. Avis Car Rental
and Budget Car Rental are the first car rental providers
participating in the digital payment service.
Avis and Budget customers who select the Pay Now
option on Avis.com or Budget.com will get the lowest rates
available online by paying in advance. Now, these customers can
also enjoy the speed and convenience of using MasterPass by
clicking the “Buy with MasterPass” button, signing into their
MasterPass account and paying for their car rental reservation with
their stored method of payment.
“MasterCard processes billions of transactions each
year, so we’re thrilled to team up to offer MasterPass users a
convenient way to prepay their Avis or Budget rental,” said Scott
Deaver, executive vice president and chief marketing officer, Avis
Budget Group. “This initiative will enhance the customer experience
we offer and should also help improve our reservation conversion
rates as we look to continue to accelerate growth.”
“The digitization of commerce and the increased
connectivity of consumers is driving digital transformation around
the world,” said Linda Kirkpatrick, executive vice president,
MasterCard. “We are delighted to partner with Avis Budget Group on
innovations like MasterPass, which supports Avis’ focus on customer
service excellence, by delivering a safe, seamless and simple
payment experience for consumers.”
MasterPass by MasterCard connects consumers with
merchants, enabling them to make fast, simple and secure digital
payments across channels and devices. U.S. consumers can sign up
for a MasterPass account by visiting the MasterPass
website or through a participating bank. Launched in
2013, MasterPass by MasterCard is free, easy to set up, and
accepted anywhere you see the “Buy with MasterPass” button. It
is currently available in 32 countries and
is accepted at 270,000 merchants globally. For a list of
MasterPass-accepting retailers in a particular area, please
visit www.shopnow.masterpass.com.
About Avis Budget GroupAvis Budget
Group, Inc. is a leading global provider of vehicle rental
services, both through its Avis and Budget brands, which have more
than 11,000 rental locations in approximately 180 countries around
the world, and through its Zipcar brand, which is the world’s
leading car sharing network, with nearly one million members. Avis
Budget Group operates most of its car rental offices in North
America, Europe and Australia directly, and operates primarily
through licensees in other parts of the world. Avis Budget Group
has approximately 30,000 employees and is headquartered in
Parsippany, N.J. More information is available at
www.avisbudgetgroup.com.
About MasterCardMasterCard
(NYSE:MA), www.mastercard.com, is a technology company in the
global payments industry. MasterCard operates the world’s fastest
payments processing network, connecting consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. MasterCard 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 MasterCard on
Twitter @MasterCardNews, join the discussion on
the Beyond the Transaction Blog and subscribe for the
latest news.
Contact:
Amy Ackerson
(973) 496-3916
PR@avisbudget.com
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