MasterCard Start Path Accelerator Offering Customized Support For Startups

MasterCard has been an innovator in payments technology, ever since we were  founded in 1966. With the rapid pace of change in technology - we’re living in interesting times - the future of commerce will not just be shaped by our current issuer, acquirer, and merchant partners, but also by startups that are developing the next generation of solutions. MasterCard can play a key role in helping these startups scale effectively so that ultimately, everyone benefits. Today, we announced that we’re opening an accelerator program in Europe , led by  MasterCard Labs), to help startups achieve scale. Earlier this year, we announced that we’re aligning with  Silicon Valley Bank in the US to help startups, as well.

The most important measure of success for us will be the success of startups themselves, and whether we’re able to have a positive impact on their businesses. We’ll do this by listening to the individual needs of each startup, understanding their business goals, and ultimately, helping them get to scale faster and more effectively than they would have on their own.

About MasterCard

MasterCard (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 , join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.

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Copyright Business Wire 2010

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