Mastercard and PayPal Renew Consumer Credit Card Program
July 27 2016 - 3:30PM
Business Wire
Mastercard (NYSE:MA) and PayPal (NASDAQ:PYPL) today announced a
multi-year extension of the PayPal Extras Mastercard co-branded
consumer credit card program in the United States and Puerto
Rico.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160727006511/en/
“We are proud to continue our long-standing relationship with
PayPal through this program,” said Craig Vosburg, president, North
America, Mastercard. “In this increasingly digital world, we are
providing PayPal cardholders with the most advanced and secure
technologies, giving them the core guarantees and benefits they’ve
come to expect from Mastercard, regardless of how and where they
pay.”
Mastercard and PayPal have been working together for more than
10 years. The PayPal Extras card is designed to give PayPal
members additional value in every purchase, both online and in
stores, including Buyer Protection for every purchase made through
PayPal.
“PayPal looks forward to building on our longstanding
relationship with Mastercard to deliver continued value and choice
to our customers with the PayPal Extras Mastercard,” said Gary
Marino, senior vice president, Americas, PayPal. “Mastercard
has been a tremendous partner for several years, and we are pleased
to extend this agreement.”
The PayPal Extras card offers all the security and convenience
consumers expect from PayPal, plus EMV chip technology and
Priceless rewards. Cardholders currently earn triple reward points
for gas and restaurant purchases, double reward points for PayPal
and eBay purchases, and one reward point for every $1 spent
everywhere else Mastercard is accepted.
The PayPal Extra’s Mastercard is issued by Synchrony Bank, which
announced an extension of its agreement with PayPal last year.
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 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 Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
About PayPal
At PayPal (Nasdaq:PYPL), we put people at the center of
everything we do. Founded in 1998, we continue to be at the
forefront of the digital payments revolution. PayPal gives people
better ways to manage and move their
money, offering them choice and flexibility in how they
are able to send money, pay or get paid. We operate an
open, secure and technology
agnostic payments platform that
businesses use to securely transact with their
customers online, in stores and increasingly
on mobile devices. In 2015, 28% of the 4.9 billion
payments we processed were made on a mobile device. With
our 188 million active customer accounts, PayPal is
a truly global payments platform that is available to people in
more than 200 markets, allowing customers to get paid in more
than 100 currencies, withdraw funds to their bank accounts in 56
currencies and hold balances in their PayPal accounts in 25
currencies. For more information on PayPal,
visit https://www.paypal.com/about. For PYPL financial
information, visit https://investor.paypal-corp.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160727006511/en/
MastercardJim Issokson,
914-249-6286james.issokson@mastercard.comorPayPalChris
Morse, 914-413-3045cmorse@paypal.com
MasterCard (NYSE:MA)
Historical Stock Chart
From Apr 2024 to May 2024
MasterCard (NYSE:MA)
Historical Stock Chart
From May 2023 to May 2024