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MasterCard Launches MoneySend™ for BlackBerry Smartphones

posted 12 Sep 2010, 03:51 by Mpelembe Admin   [ updated 12 Sep 2010, 03:53 ]

New App Allows Users to Send and Receive Card Payments from their Mobile Device

PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide today announced the availability of the MasterCard MoneySend™ service for BlackBerry® Smartphones, a convenient way to transfer money in the United States from person-to-person easily and securely by combining the power of a mobile device with a banking relationship. MasterCard MoneySendis available for free download on BlackBerry App World™ (www.blackberry.com/appworld).

“We are excited to extend MasterCard MoneySend to the BlackBerry Smartphone platform so that we can continue to provide consumers with innovative ways to make their lives easier.”

MasterCard MoneySend allows users to ‘Send,’ ‘Pay’ or ‘Request Funds’ for a wide range of reasons including the everyday ‘IOU,’ informal services purchased from friends and family, or payments to a personal trainer, roommate, babysitter, gardener, housekeeper or repairman,” said Andrew Ong, Group Head, P2P, MasterCard Worldwide. “We are excited to extend MasterCard MoneySend to the BlackBerry Smartphone platform so that we can continue to provide consumers with innovative ways to make their lives easier.”

How it Works

MasterCard MoneySend allows users in the U.S. to send or request money via their BlackBerry through participating banks and credit unions or when they create a virtual prepaid account through Bancorp Bank. Users can then link their existing debit or credit cards or bank checking account to the new virtual prepaid account and begin sending money via their BlackBerry Smartphone. The designated account funds the MoneySend transaction, and users can manage and trigger the exchanges through the app. Personal and financial information is never stored on the BlackBerry. Certain Bancorp Bank fees will apply.

Registered MoneySend users have the ability to:

  • Accept credit or debit card payments
  • Send money to family members (*bank sending fees may apply)
  • Pay for informal goods and services (*bank sending fees may apply)
  • Request money from people who owe money
  • Simplify business or non-profit collection effort through the Request Funds feature
  • Manage MoneySend transaction history from a BlackBerry
  • Invite other users to use MoneySend via email as a function within the app

For complete details on MoneySend, please visit www.mastercard.com/moneysend

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As afranchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 22 billion transactions each year, and provides industry-leadinganalysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mcpriceless.

The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties and trademarks of Research In Motion Limited.

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