Purchase, NY, October 22, 2010 - MasterCard Incorporated (NYSE:MA) announced today that it has completed its acquisition of DataCash Group plc (AIM:DATA), at a price of 360 pence per share in cash, representing £334 million (US$526 million) in aggregate.
The acquisition of DataCash expands MasterCard’s existing e-Commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide, and allows MasterCard to provide new services to acquiring customers and drive increased e-Commerce penetration in both existing and new markets.
Statements in this press release which are not historical facts, including MasterCard’s expectations regarding DataCash capabilities, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information. In addition, actual results may differ materially from such forward-looking statements for a number of reasons related more broadly to MasterCard’s overall business, including those set forth in the company’s filings with the Securities and Exchange Commission (SEC), including the company’s Annual Report on Form 10-K for the year ended December 31, 2009, the company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2010. Factors other than those listed above could also cause the company’s results to differ materially from expected results.
About MasterCard Incorporated
As a leading global payments company, MasterCard Incorporated prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year, has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com.
MasterCard Europe skräddarsyr och tillhandahåller innovativa lösningar och tjänster till banker och finansbolag och underlättar med sin verksamhet både betalningar och transaktioner. MasterCard fokuserar på snabbhet, säkerhet och smidighet för både företag och konsumenter och skapar samtidigt nya möjligheter som gynnar den globala handeln.
MasterCards verksamhet omfattar tre områden; franchise av kortutgivning och inlösen, processing för betalningstransaktioner samt konsultverksamhet. Under ett år genomförs ca 21 miljarder betalningstransaktioner. Varumärkesportföljen inkluderar MasterCard, Maestro och Cirrus och förser konsumenter och företag med betalningslösningar i fler än 210 länder runtom i världen. För mer information, besök www.mastercardworldwide.com eller www.mastercard.se.