MasterCard Launches MoneySend for BlackBerry Smartphones

September 09, 2010 – MasterCard Worldwide announced the availability of a new application which allows users to send and receive card payments from their mobile device. MasterCard MoneySend™ service for Blackberry^® Smartphones is 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 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.

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

MasterCard MoneySend is available for free download on BlackBerry App World™ (www.blackberry.com/appworld).