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    MoneySend Brochure

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    Dao Viet
    The document summarizes MasterCard's MoneySend service, which allows cardholders to send and receive money through their MasterCard or Maestro cards faster and more conveniently than previous methods. Some key points: - MoneySend transfers funds over the MasterCard network using email addresses, mobile numbers, or card numbers as identifiers. - It aims to help members gain revenue from money transfers and reduce costs while providing cardholders savings, convenience, and security when sending money abroad. - The first banks to offer the service are Royal Bank of Scotland and CartaSi, and benefits include boosted revenues, an exciting new service, and reducing costs through the MasterCard network.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    MoneySend Brochure

    Uploaded by

    Dao Viet
    136 views5 pages
    The document summarizes MasterCard's MoneySend service, which allows cardholders to send and receive money through their MasterCard or Maestro cards faster and more conveniently than previous methods. Some key points: - MoneySend transfers funds over the MasterCard network using email addresses, mobile numbers, or card numbers as identifiers. - It aims to help members gain revenue from money transfers and reduce costs while providing cardholders savings, convenience, and security when sending money abroad. - The first banks to offer the service are Royal Bank of Scotland and CartaSi, and benefits include boosted revenues, an exciting new service, and reducing costs through the MasterCard network.

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    The document summarizes MasterCard's MoneySend service, which allows cardholders to send and receive money through their MasterCard or Maestro cards faster and more conveniently than previous methods. Some key points: - MoneySend transfers funds over the MasterCard network using email addresses, mobile numbers, or card numbers as identifiers. - It aims to help members gain revenue from money transfers and reduce costs while providing cardholders savings, convenience, and security when sending money abroad. - The first banks to offer the service are Royal Bank of Scotland and CartaSi, and benefits include boosted revenues, an exciting new service, and reducing costs through the MasterCard network.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    136 views5 pages

    MoneySend Brochure

    Uploaded by

    Dao Viet
    The document summarizes MasterCard's MoneySend service, which allows cardholders to send and receive money through their MasterCard or Maestro cards faster and more conveniently than previous methods. Some key points: - MoneySend transfers funds over the MasterCard network using email addresses, mobile numbers, or card numbers as identifiers. - It aims to help members gain revenue from money transfers and reduce costs while providing cardholders savings, convenience, and security when sending money abroad. - The first banks to offer the service are Royal Bank of Scotland and CartaSi, and benefits include boosted revenues, an exciting new service, and reducing costs through the MasterCard network.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    Marketing

    No. 05 7 October 2003

    Europe Region Bulletin

    Europe Edition Marketing Bulletin No. 5, 7 October 2003


    MasterCard International Incorporated

    What is MasterCard MoneySend?


    MasterCard MoneySend is a funds transfer service run by MasterCard
    Europe on behalf of its member banks to allow cardholders to send and
    receive money via their MasterCard or Maestro card.
    MoneySend allows cardholders to send and receive money faster and in a
    more convenient way than ever before. Members using this service have
    an opportunity to gain more revenue from a new market segment for cards
    and also to reduce their existing costs of funds transfers.
    The MasterCard MoneySend service:

    is an issuer-branded Web site and an issuer-branded call center that can


    also be integrated with issuer e and m-banking sites or other consumer
    sites
    uses the existing fast and efficient MasterCard International network to
    process the transfer of funds
    can be integrated with MasterCard SecureCode
    is in line with the EU directive on cross-border funds transfer
    respects FATF recommendations on anti-money laundering

    How does it Work?


    Funds Transfer Today
    Transferring funds today involves a lot of administration. The person
    wishing to make such a transfer has to complete lots of details including
    address of recipient bank, address of recipient, IBAN numbers , BIC
    numbers, all of which takes a lot of time and money to complete.

    Funds Transfer with MoneySend


    MoneySend makes life a lot easier for cardholders. Using MasterCard
    MoneySend a cardholder simply goes the Web site of their bank or calls
    their bank via a mobile phone, enters their password and then specifies
    how much money to send, which card to debit and who is the recipient.
    The receiver of the money can be identified as simply an e-mail address, a
    mobile phone number or the MasterCard or Maestro PAN.
    The MasterCard MoneySend platform translates the recipients e-mail or
    GSM number into an associated PAN and then routes the transaction over
    the MasterCard network.

    Europe Edition Marketing Bulletin No. 5, 7 October 2003


    MasterCard International Incorporated

    Send using E-mail, GSM or PAN


    Allowing cardholders to send money using mobile phone numbers and email addresses provides a much simpler experience compared to other
    funds transfer methods currently in use. Cardholders can still enter the
    PAN as the recipient identification if both the sender and receiver know
    and are comfortable with using this number.

    What is the objective of MasterCard MoneySend?


    The objective of MasterCard MoneySend is to:

    make it easy for members to offer their cardholders a fast, cost efficient
    and more convenient way of sending money abroad.

    help our members take a share of the growing market for money
    remittance in Europe (currently growing at a rate of 5 billion euro per
    annum). This covers mainly the market of families, relatives and
    friends living abroad. The increasingly international life style of the
    European citizens has created a growing demand for such a service in
    all EU countries.

    provide our banks with a payment product for the increasing 5million
    of e-auctioneers in Europe with a card based payment instrument that
    facilitates the sale of personal goods and services in an international
    environment

    Who are the first banks to benefit from the


    MasterCard MoneySend service?
    The first banks to benefit from this service are Royal Bank of Scotland in
    the UK and CartaSi in Italy.

    What are the benefits to members?


    By using the MasterCard MoneySend service, you can:

    boost your revenues from transfers among the millions of Maestro cards
    linked to bank accounts, and MasterCard cards
    enter the funds transfer market quickly while minimizing operational
    effort and costs
    add a new exciting service to existing cards
    focus on marketing the service to cardholders while MasterCard
    operates the service on your behalf
    leverage your banks investment in SecureCode
    reduce your costs and processing time due to direct bank-to-bank funds
    transfers over MasterCard network using Straight Through Processing
    better monitoring and traceability of fund transfer transactions via
    MoneySend
    strengthen security management in line with EU and FATF anti-money
    laundering recommendations

    Europe Edition Marketing Bulletin No. 5, 7 October 2003


    MasterCard International Incorporated

    What are the benefits to cardholders?


    You can attract new cardholder business by passing on the following
    benefits to your customers:

    convenience: cardholders can send money anytime anywhere -the


    transfer is made through the Internet or the mobile phone

    simple to use: you only need to know either the mobile phone
    number, e-mail or PAN of the recipient no more long lists of bank
    and account address details to remember.

    confidence: The sender and the recipient can receive an e-mail or an


    SMS confirming that the money has been transferred

    savings in money and time: its cheaper and faster than other ways of
    making cross-border transfers

    peace of mind: the transfer goes securely through the bank and the
    card details are not revealed to the other party

    MoneySend features for members


    The MasterCard MoneySend hosting platform offers you the following great
    features:

    your bank can control how much is sent, how often each transaction is
    made by the cardholder

    branding and customizing your Website and Call Center for your bank

    interface to SecureCode and e and m-banking platforms

    feature rich: Allowing the cardholder to send funds, request funds, view
    transaction history, send/receive e-mail and SMS messaging notices

    multiple languages available for Issuers

    secure remote access to the MoneySend platform through MasterCard


    Online. This includes, but is not limited to:
    cardholder account management either through a batch file or via
    MasterCard OnLine.
    reporting tools (statistics on traffic, history, security)

    authenticating the cardholder

    either by MasterCards own dual-factor authentication mechanism


    using a mobile Interactive Voice Response call back feature. This
    involves two separate authentication processes for increased
    security.

    or by the issuers current authentication mechanism (using


    MasterCard SecureCode or his current mechanism for Internet
    banking)

    Europe Edition Marketing Bulletin No. 5, 7 October 2003


    MasterCard International Incorporated

    Next Steps?
    If want more information, or to evaluate the MasterCard MoneySend service
    please contact your account manager or:
    E-mail:

    [email protected]

    Europe Edition Marketing Bulletin No. 5, 7 October 2003


    MasterCard International Incorporated

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