MasterCard and Western Union today announced an agreement that will make electronic payments, including prepaid cards and money transfers, more efficient for consumers. The expanded global relationship makes MasterCard the preferred brand for Western Union-sponsored prepaid programs and makes Western Union the preferred money transfer service for MasterCard.
Ron Hynes (Head of Prepaid Solutions, MasterCard) and Mike Hafer (Vice President Global Cards, Western Union) explain how the partnership enhances both companies’ existing services for consumers and preview how their relationship will evolve over the coming year.
Related News Release: MasterCard and Western Union Partner to Fuel Growth of Electronic Payments
Part 1: Hynes details how the partnership will enhance services offered by both MasterCard and Western Union.
Part 2: Hafer looks back at how the idea for the partnership came about.
Part 3: The executives preview the initiatives the companies will be working on together in 2012.
Ron Hynes is group executive, Global Prepaid Solutions at MasterCard Worldwide. In this role, he is responsible for leading the development of prepaid programs around the globe that create a competitive advantage for MasterCard and its customers. Read More
Mike Hafer joined Western Union in 2002 and serves as Vice President, Global Cards – Americas. In this role, he oversees the development and management of multiple stored value offerings for the Americas region, including customer accounts that utilize multiple devices including prepaid cards, mobile phones and websites. Read More