MasterCard Introduces New online Resource for Canadians
TORONTO, March 13 /CNW/ - It's a little piece of plastic we use everyday
but most Canadians don't think too much about how their MasterCard credit and
debit cards work. As a member of the Fraud Prevention Forum, and as part of
Fraud Prevention Month (March), MasterCard Canada has created Exchange: A
Guide to Understanding Payment Cards. This 21-page resource covers topics
including: how to choose a credit card; protecting yourself from fraud; and
new developments in payment cards.
Exchange: A Guide to Understanding Payment Cards is available as a free
download at www.mastercard.ca.
"Knowledge is power. The more Canadians know about how their credit card
works, the more powerful tool it will be in their financial life," said
Jennifer Reed, Vice President, Public Affairs, MasterCard Canada. "Payment
cards are a tool for making everyday purchases, and arming consumers with the
basic knowledge of what happens behind the scenes means they can better
protect themselves from potential fraud."
- More than 600 institutions in Canada issue credit cards.
- Each year cardholders around the world use their MasterCard cards for
transactions totaling almost $2 trillion.
- Major credit cards alone account for $215 billion in retail sales in
Canada each year.
- The average credit card transaction value in Canada is $110.
About the Fraud Prevention Forum
The Fraud Prevention Forum is a concerned group of private sector firms,
consumer and volunteer groups, government agencies and law enforcement
organizations, who are committed to fighting fraud aimed at consumers and
businesses. Through its partners, the Forum, which is chaired by the
Competition Bureau, works to prevent Canadians from becoming victims of fraud
by educating them on how to recognize it, report it and stop it.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes approximately 14 billion
transactions each year, and provides industry-leading analysis and consulting
services to financial institution customers and merchants. Through its family
of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard
Worldwide serves consumers and businesses in more than 210 countries and
territories. For more information go to www.mastercardworldwide.com.
For further information:
For further information: Olivia Yu, (416) 969-2718, Niya Nikitova, (416)
969-2654, email@example.com, firstname.lastname@example.org