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MasterCard Canada Board Enhances Acceptance-side Representation

Presidents of Global Payments Canada, Moneris Solutions, & Paymentech Canada Join the MasterCard Canada Board of Directors

TORONTO, ON - March 31, 2005 - MasterCard Canada announced today that three of the five new directors seated at its annual meeting are from the acceptance side of the business. James Baumgartner, President and CEO of Moneris Solutions, Drew Brown, President of Paymentech Canada, and, Jordan Cohen, President of Global Payments Canada all join the MasterCard Canada Board effective immediately.

"The addition of more acceptance-side representation on the board epitomizes MasterCard’s commitment to transparency and being the best business partner in payments," said Kevin Stanton, President, MasterCard Canada. "We take a holistic view of Canadian payments. MasterCard Canada’s Board felt strongly that enhancing acceptance-side representation in our governance would be important to ensuring higher-quality decision making and to position MasterCard to lead the Canadian payments industry."

Also joining the Board of Directors are Amolak Grewal, Chief Operating Officer, ATB Financial, and Stephen Stewart, Senior Vice President, Operations, President’s Choice Bank.

Kathryn (Kathy) P. Silmser, Senior Vice President, Cardholder Services, BMO Bank of Montreal, and Martin Parizeau, Senior Executive Vice President, MBNA Canada Bank, will continue as chair and vice chair, respectively.

About MasterCard International

MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members’ credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard®, Maestro® and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless® advertising campaign is now seen in 97 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com


Media Contact:
Jennifer Reed, MasterCard Canada, (416) 365-6664