MasterCard Worldwide Provides Support for Japanese Relief Efforts
PURCHASE, N.Y., March 14, 2011 – MasterCard Worldwide announced that it will provide support for the Japanese relief efforts following the tragic earthquake and tsunami. Interchange fees on Japanese relief donations that are made using U.S. issued MasterCard cards to the following organizations will be waived: American Red Cross, AmeriCares, Doctors Without Borders, International Rescue Committee, Save the Children and World Vision.
In Canada, interchange fees on Japanese relief donations that are made using Canadian issued MasterCard cards to the following organizations will be waived: Canada Helps, Canadian Red Cross, Doctors Without Borders, International Rescue Committee, Save the Children and World Vision.
In addition to waiving interchange fees, MasterCard will also donate revenues generated by charitable contributions made to these organizations through May 15, 2011.
MasterCard’s support also includes a $250,000 corporate donation to the relief efforts and is double-matching employee contributions to the Japanese disaster relief funds of those charities listed above. MasterCard will continue to update our response to the disaster on our website as more information becomes available.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
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