MasterCard Unveils World MasterCard for Business
Premium Payment Card Tailors to High-Spending Small Businesses with Access to MasterCard (R) Unique Experiences (TM)
MasterCard Worldwide announced the launch of World MasterCard for Business, a premium payment card that provides high-spending small businesses with more spending power, superior customer service and enhanced rewards.
The first business payment card to provide access to MasterCard Unique Experiences(TM), World MasterCard for Business rewards small business owners with superior services and experiences that can help them enhance their client relationships, improve their business or simply reward themselves. Chase Card Services, a division of JPMorgan Chase & Co. (NYSE:JPM) , is the first credit card issuer to introduce MasterCard World for Business cards.
"World MasterCard for Business reflects our commitment to create an innovative, tailored payment solution for high-spending small businesses. This segment is crucial to our customer financial institutions as MasterCard- commissioned study conducted by Research Perspectives Inc. found that industry-wide it makes up 20 percent of the small business card business yet accounts for more than 80 percent of spend," said Bruno Perreault, Group Head, Small and Mid-Sized Enterprises, MasterCard Worldwide. "High-spending small businesses now have a premium payment card option that combines the exceptional access provided by MasterCard Unique Experiences with outstanding spending power and unsurpassed acceptance at over 25 million merchant locations around the world."
A recent MasterCard study, conducted by Quantum Insights, found that 78 percent of high-spending small businesses consider rewards a very valuable benefit on a small business payment card -- far more respondents than for any other benefit tested. Responding to this demand, World MasterCard for Business offers a variety of enhanced reward offerings and access to MasterCard Unique Experiences, enabling high-spend small business cardholders to:
* Entertain their team or clients with specially held tables and private
"Business owners have a lot of things on their minds, and maximizing their credit card rewards shouldn't be one of them," said John Delaney, president, business card, Chase Card Services. "In partnership with Continental and GM, we're now providing even more relevant rewards to loyal business cardmembers by leveraging MasterCard's innovative World for Business platform."
Additional information on the Continental Airlines World MasterCard for Business card can be found at www.chase.com/continentalbusiness. For additional information on the GM Business Card World MasterCard, consumers may visit www.mastercardbusiness.com/world.
*NO PURCHASE NECESSARY. Void where prohibited. Prize: $60,000 toward a 2008 vehicle. Car brand/make/model subject to change. PIN-based/international transactions ineligible. Starts 10/18/07. Ends 12/31/07. Restrictions apply. Visit www.mastercardbusiness.com/gm for Official Rules & complete details.
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Source: MasterCard Worldwide