MasterCard and mFoundry Partner To Offer Banks and Credit Unions More Mobile Payment Options

Strategic investment will make mobile payments accessible to more consumersStockholm, 1 December, 2011 MasterCard (NYSE:MA) and mFoundry announced today an international collaboration that will take mobile banking another step forward by enabling more banks and credit unions to give their customers the option to pay for items with their mobile phones. In addition to the partnership, MasterCard announced that it has made a strategic investment in mFoundry, further strengthening their collaboration in the emerging field of mobile payments.The collaboration and investment will combine