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MasterCard today launched MasterCard Send™ – a first-of-its-kind personal payments service that enables funds to be sent quickly and securely to consumers domestically and internationally. Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, and located domestically or abroad. By digitizing personal payments that are typically handled via cash or check, MasterCard is providing greater convenience, choice and security to both payment senders and receivers in developed and developing markets.
MasterCard Send is breaking down barriers by delivering immediate and secure payments transactions to consumers, who can easily receive funds in real-time – anytime, anywhere and through any channel, based on their personal preferences. This includes the receipt of funds on MasterCard and non-MasterCard cards, into mobile money and bank accounts, and via cash agent outlets.
Now live in the U.S., MasterCard Send is designed to align with the needs outlined in the Federal Reserve’s initiative focused on enhancing the speed, security and efficiency of the U.S. Payments System. This unique platform will enable disbursements and person-to-person (P2P) payments to and from virtually any U.S. debit card account, including non-MasterCard debit cards. MasterCard Send is the only personal payments service that can reach virtually all U.S. debit card accounts and enable funds to be sent and received typically within seconds – far superior to existing solutions that either limit transfers within a closed-loop network or involve ACH, which can take several days for funds to be received.
- P2P Payments – With MasterCard Send, consumers can seamlessly send and receive funds from friends and family typically within seconds through providers including issuers, money transfer operators, merchants and more. The service also provides the capability for cross-border P2P payments reaching consumers anywhere.
- Disbursements – Insurance claims, rebates, e-marketplace payouts, social benefits and tax refunds can now be sent in real-time, which means no more waiting to access vital funds. Berkshire Hathaway Travel Protection and FreeShipping.com are among the first to leverage MasterCard Send for disbursements. Merchants and businesses across a wide array of industries, as well as government and other non-profit organizations can also take advantage of the reach, speed and simplicity of MasterCard Send, while providing a better consumer experience.
- MasterCard claims Send is the only end-to-end digital platform that leverages the industry-leading MasterCard network, paired with key capabilities from other personal payments platforms including HomeSend. For more information, go to: http://www.mastercard.com/send.
Jerry Dischler, Vice President, Product Management, AdWords at Google wrote in his AdWords Blog that “more Google searches take place on mobile devices than on computers in 10 countries including the US and Japan.”
He goes on to tell us that, “Consumers, particularly on mobile devices, now have higher expectations than ever before – they want everything right, and they want everything right away. This requires that marketers answer their needs in the moment, whenever and wherever they are. Our investments in mobile are driven by consumers’ expectations for immediacy and relevance in the moment.”
Respected Payment Industry Veteran and Former CEO of Bank of America Merchant Services Will Lead MCX Through the Next Exciting Phase of Bringing CurrentC™ to Market
Mooney Cites “Tremendous Opportunity” of Mobile Payments Solution Backed by Leading Merchants
Merchant Customer Exchange (MCX), developer of the CurrentC™ mobile payment platform, today announced the appointment of financial services and payment industry veteran Brian V. Mooney as the company’s Interim Chief Executive Officer. Mooney succeeds Dekkers Davidson, who is leaving MCX to pursue other opportunities.
“MCX was created to capitalize on a tremendous opportunity for consumers, and I look forward to taking the company through the next exciting phase of bringing CurrentC™ to the market”
Mooney was most recently CEO and a board member of Bank of America Merchant Services, one of the largest U.S. merchant payment acquirers, serving a significant segment of large U.S. merchants and handling billions of transactions. As CEO, Mooney oversaw all aspects of client engagement, product strategies including mobile, sales, operations, risk, and compliance. He was previously Chief Financial Officer, and later President, of First Data Merchant Services, which provides payment technology and services to millions of merchants including many with global operations.
MCX, whose owners include several of the largest merchants in the world, said: “Brian is a proven leader who has spent a substantial portion of his career at the forefront of payment technology, processing and acquisition. He is the right leader for MCX now: talented, experienced, consumer-focused, and fully prepared to help MCX and its hard-working employees deliver on the company’s enormous potential and vision.”
“We appreciate the contributions Dekkers has made to MCX in helping establish the foundation for the company’s growth and success,” the company continued. “We wish him well in his new endeavors.”
“MCX was created to capitalize on a tremendous opportunity for consumers, and I look forward to taking the company through the next exciting phase of bringing CurrentC™ to the market,” said Mooney. “MCX has a talented team in place backed by the determination and resources of many of the world’s largest and most successful merchants. Building on that foundation, we’re focused on making CurrentC™ the consumer preferred mobile payments app.”
Our fifteen birthday was this month – We incorporated as a Delaware Limited Liability Company on April 07, 2000.
Here are a few interesting stats we found from the week (and year) we were born:
- Apple stock closed at $4.44/share (adjusted for dividends and splits)
- Nokia introduced of their model 3310 mobile phones in 2000, eventually selling 126 million units
- Median new home price was $169,000 in the U.S.
- Gasoline averaged $1.47/gallon for regular grade
- A year earlier in April 1999, AT&T introduced “anywhere anytime” pricing and eliminated “roaming” fees on most cell plans by April 2000, dropping per minute rates to as low as 10 cents. Before this move wireless minutes averaged 50 cents per minute in 1998 (down from $1/minute on my first wireless plan).
Smart phones were still nearly a decade away; Facebook wouldn’t be born for another four years; Twitter founder Jack Dorsey was 24 years old.
MasterCard has been low-key about their MasterCard Easy Savings program for small business owners using MasterCard business cards.
MasterCard Easy Savings is a rebate program that enables participating merchants to deliver rebates to eligible small business cardholders who are registered in the program. Did your business benefit?
Watch this short video with Eugene DeSilva, senior vice president, Global Small and Medium Enterprises, to learn more about the program:
Learn more about National Small Business Week at: https://www.sba.gov/nsbw/nsbw
NEWS Alert: #YouTube is developing original feature films for the website to help compete with #HULU and #Netflix
Originally posted on 9to5Google:
Today YouTube is announcing partnerships with some of its top creators to bring original series and feature length films to the video network. The effort is a continuation of YouTube’s new initiatives to better embrace the content creators that make its service what it is. It recently launched a new Creators Hub and has opened up several physical YouTube work Spaces in the US, UK, Japan and Brazil to work with and invest more in original content creators.
Today’s launch brings four original series to YouTube from content creators Fine Brothers’, Prank vs Prank, Joey Graceffa, and Smosh, as well as news that YouTube plans to release feature length films in the coming years:
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