|This Slide: #38 of 100|
Slide #38. MasterCard — C-SAM
At Mobile World Congress, MasterCard today announced it has entered into an agreement to acquire C-SAM, Inc. ("C-SAM") a leading provider of mobile wallet and on-device software and services. In acquiring C-SAM, MasterCard will speed the development and deployment of mobile wallets and payment solutions globally, including the rollout of its MasterPass digital service. Today's announcement builds upon a global strategic partnership developed between the two companies in December 2012, as well as a minority investment by MasterCard.
Mastercard is a technology company in the global payments industry that enabling consumers to use electronic forms of payment instead of cash and checks. Co. provides a range of payment solutions and services using its brands, including Mastercard®, Maestro® and Cirrus®. Co. operates a multi-rail network that provides customers one partner to turn to for their domestic and cross-border payment needs. Co. has additional payment capabilities that include automated clearing housetransactions. Co. also provides offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs, processing and open banking.
MasterCard SEC Filing Email Alerts Service
Open the MA Page at The Online Investor »
Free MA Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Strong Buy (3.68 out of 4)