Image via WikipediaPerkStreet to convert debit card program to MasterCard early next year
WILMINGTON, Del. & PURCHASE, N.Y.--(BUSINESS WIRE)--PerkStreet Financial, the progressive online financial services company, and MasterCard Worldwide, today announced an exclusive partnership to offer innovative financial products to MasterCard cardholders as part of PerkStreet’s checking account rewards program. As part of the agreement, PerkStreet will convert its debit card program to MasterCard early next year.
“PerkStreet’s rapid growth is proof that now, more than ever, consumers are looking for cutting edge payments products that make their lives easier and reward them for their loyalty,” said John Ainsworth, Group Head, U.S. Markets, MasterCard Worldwide. “Our partnership with PerkStreet provides MasterCard cardholders with both, while encouraging a responsible approach to spending.”“We chose MasterCard as our exclusive card partner because of our companies’ shared commitment to innovation and helping consumers get more from their financial relationships,” said Dan O’Malley, Chief Executive Officer of PerkStreet Financial. “With MasterCard, we’re excited to be able to provide even more value to our account holders through enhanced debit rewards, security and worldwide card acceptance.”
In addition to benefiting from PerkStreet’s unique cash rewards program, PerkStreet debit account holders will now also have access to thousands of merchant offers and exclusive discounts through MasterCard Marketplace simply by having a MasterCard. The MasterCard debit product platform also includes enhanced benefits such as Purchase Protection, Extended Warranty and Satisfaction Guaranty to give PerkStreet customers greater peace of mind when using their debit card.
About PerkStreet Financial
PerkStreet Financial is the progressive online financial services company that offers the most valuable online rewards checking account in the U.S. PerkStreet sets itself apart from other online bank accounts by taking the $80 billion that the big branch banks spend on building and maintaining branches every year and passing that savings on to its customers in the form of better rewards. PerkStreet offers the most fully featured checking account in the U.S., a checking account with the most rewards and access to the largest network of FREE ATMs in the country. For more information about PerkStreet Financial, visit http://www.perkstreet.com/. Banking services are provided by The Bancorp Bank. Member FDIC.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
Contacts
PerkStreet Financial
Kyle Psaty, 646-326-1144
kyle.psaty@perkstreet.com
or
MasterCard Worldwide
Dwain Schenck, 914-249-4199
dwain_schenck@mastercard.com
Kyle Psaty, 646-326-1144
kyle.psaty@perkstreet.com
or
MasterCard Worldwide
Dwain Schenck, 914-249-4199
dwain_schenck@mastercard.com
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