TORONTO, Jan. 21, 2016 /CNW/ - UGO Mobile Solutions L.P. (UGO) today announced a commitment by MBNA and CUETS Financial to build functionality to add their portfolios of MasterCard® credit card products to UGO Wallet in the future. MBNA and CUETS Financial are the third and fourth major credit card portfolios to commit to join the UGO Wallet. This expansion will follow the launch of UGO's Host Card Emulation (HCE) solution, which will enable UGO to extend secure mobile payments to more customers on more devices.
"Through this strategic alliance with UGO, MBNA and CUETS Financial can offer customers and Credit Union members a digital wallet solution that provides the convenience they need coupled with the security they expect," said Megan Jones, VP Credit Cards from MBNA and CUETS Financial. MBNA and CUETS Financial customers will have access to UGO Wallet's simple, fast and secure method of making purchases as well as its reward and loyalty card capabilities. UGO Wallet is Canada's first open digital wallet to combine multiple payment and loyalty programs, while also offering customers the ability to store, redeem and electronically receive gift cards, in one secure and convenient mobile solution.
The addition of MBNA & CUETS Financial, will give UGO the largest portfolio of credit cards that can be accessed in a single mobile payment app in Canada.
"UGO Wallet continues to push forward as Canada's leading open digital wallet solution," said Alec Morley, CEO of UGO. "This announcement reaffirms our commitment to include new issuers to the wallet, while introducing new capabilities that fit the needs of our customers."
MBNA & CUETS Financial MasterCard® credit cards products will be able to be loaded on UGO Wallet on participating NFC-enabled AndroidTM or BlackBerry 10 smartphones.
MBNA is a division of The Toronto-Dominion Bank. MBNA is a leading provider of co-branded and affinity credit card programs in Canada. MBNA MasterCard® credit cards are associated with hundreds of Canadian membership organizations, credit union and financial institutions, sports associations, educational institutions and charities.
About CUETS Financial
CUETS Financial is a division of The Toronto-Dominion Bank. CUETS Financial is a leading provider of the credit union MasterCard® credit cards in Canada, providing services to hundreds of credit unions and caisses populaires.
About UGO Wallet
UGO Wallet is a digital wallet application that brings the power of simplicity to everyday life by combining payment and loyalty cards in one simple and secure application. UGO Wallet offers Canadians an effortless way to shop and participate in loyalty programs, all on their smartphone.
You can use UGO Wallet to make a payment at any merchant who supports contactless payments. You can also use UGO Wallet to get or redeem reward points wherever the merchant has the appropriate technology at point-of-sale.
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Android and Google Play are trademarks of Google Inc.
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardCAnws, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
SOURCE UGO Mobile Solutions L.P.
For further information: Media Contact: Katharine Ashworth, UGO Mobile Solutions, 416-893-8503, [email protected]