|[March 24, 2014]
ADDING and REPLACING MasterCard and Monitise Partner to Deliver Digital Payment Services
PURCHASE, N.Y. --(Business Wire)--
Add Forward Looking Statements section after last paragraph of release.
The corrected release reads:
MASTERCARD AND MONITISE PARTNER TO DELIVER DIGITAL PAYMENT SERVICES
Collaboration to Support Financial Institutions Worldwide
To tweet this news, copy and paste http://mstr.cd/1oTMMAj
to your Twitter (News - Alert) handle with the hashtags #MasterCard, #Monitise and
today announced the intention to enter into a commercial agreement with
Monitise plc (LSE: MONI) to accelerate the development and deployment of
mobile wallets and digital payment solutions by financial institutions
worldwide. MasterCard (News - Alert) also intends to make a minority investment in
Monitise provides solutions designed to help consumers bank anywhere,
pay anyone and buy anything through mobile applications. The combination
of MasterCard and Monitise's complementary expertise in developing
mobile platforms for commerce and banking is anticipated to result in
additional innovative and secure solutions.
"For more than a decade, MasterCard has driven the development of mobile
commerce - including the world's first contactless and mobile payments
solutions," said Ed McLaughlin, chief emerging payments officer,
MasterCard. "Our partnership with Monitise builds upon a shared
commitment to improve the mobile shopping experience today and into the
Monitise works with more than 350 banks and financial institutions,
merchant partners and payment processors including Royal Bank of
Scotland, Lloyd's Banking Group, U.S. Bank, HSBC, Telefónica (News - Alert) and FIS,
serving 28million registered users worldwide. On an annualized basis,
the company processes 3.5 billion transactions and the value of payments
and transfers initiated by its technology platform is over $70 billion.
(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 @MasterCardNews,
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Forward Looking Statements:
Statements in this press release which are not historical facts,
including statements about MasterCard's plans, strategies, beliefs and
expectations, are forward-looking and subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements speak only as of the date they are made.
Accordingly, except for the company's ongoing obligations under the U.S.
federal securities laws, the company does not intend to update or
otherwise revise the forward-looking information to reflect actual
results of operations, changes in financial condition, changes in
estimates, expectations or assumptions, changes in general economic or
industry conditions or other circumstances arising and/or existing since
the preparation of this press release or to reflect the occurrence of
any unanticipated events. Such forward-looking statements include,
without limitation, statements related to:
• the completion of the commercial agreement and investment; and
• MasterCard's strategy and the impact of these transactions.
Actual results may differ materially from such forward-looking
statements for a number of reasons, including those set forth in the
company's filings with the Securities and Exchange Commission (SEC (News - Alert)),
including the company's Annual Report on Form 10-K for the year ended
December 31, 2013, the company's Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K that have been filed with the SEC during
2014, as well as reasons including difficulties, delays or the inability
of the company to achieve its strategic initiatives set forth above.
Factors other than those listed above could also cause the company's
results to differ materially from expected results.
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