January 19, 2001, 12:00 AM

MasterCard Feels The Heat

MasterCard International is feeling the heat from Internet companies developing alternative online payment methods. In the keynote address at Faulkner & Gray's Credit Card Forum XII in Miami, President and CEO Robert W. Selander said that the association's card issuers must find their own alternate payment programs for "the huge number of people surfing the Internet who don't qualify for traditional payment cards" as a target market the association and issuers have to serve. "These customers include not only less-credit-worthy individuals, but also teenagers and students for whom traditional cards may not be appropriate," he said. "Today there is the whole group of third parties trying to figure out ways to enable these new types of Internet-savvy customers to buy electronically."

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Beeri Amiel / E-Commerce

E-retailers beware: 3 perils of unvalidated product information

Because of inaccurate production information an online retailer may create a page for a product ...

FPO

Wendy Wallner / Mobile Commerce

How retailers can improve stores by surveying mobile shoppers

Asked where they last used a smartphone or tablet to help them shop, 37% of ...

Advertisement