Exclusive: Prepaid Innovation at MasterCard

By  |  September 16, 2011
 | 

Call him the Card Guru. Chief Product Officer Tim Murphy oversees MasterCard’s consumer credit, debit, prepaid and commercial businesses around the world.

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    “I think one of my favorite areas of innovation is prepaid,” he told PYMNTS.com. “Prepaid is all about bringing electronic payments to consumers who don’t really have access to mainstream financial services. We’re doing a lot in this space.”

    In the United States, MasterCard is working to provide a credit score for consumers based on prepaid spending; the company is also looking at spend segmentation solutions for banking consumers. Hear more from Murphy in the clip below:

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