USAA to Implement MasterCard IPS Processing Platform --Financial Institution to Exercise Platform's Full Debit Issuer Processing Services

PURCHASE, N.Y., Nov 02, 2009 /PRNewswire-FirstCall via COMTEX/ -- MasterCard Worldwide today announced that USAA Federal Savings Bank will implement MasterCard Integrated Processing Solutions(TM) (IPS), the company's world-class debit processing platform. USAA will employ the full capabilities of the platform's branded network and issuer processing services in support of signature and PIN debit, and ATM driving.

(Logo: http://www.newscom.com/cgi-bin/prnh/20061031/MCLOGO ) "We believe that the capabilities of MasterCard IPS will position USAA to address and adapt to the unique and changing payment needs of our members around the globe while offering the most advanced services," said David Bohne, President, USAA Federal Savings Bank.

MasterCard IPS is designed to help financial institutions create differentiated products and services and expand their payment portfolios across multiple business channels with efficient administration and minimal infrastructure investment. Issuers will be able to save considerable time and resources when designing and deploying new products and services by simply providing data for the platform's pre-determined parameters. With its proprietary Portfolio Viewer tool, IPS delivers a 360-degree view of aggregated cardholder intelligence across debit and prepaid products that can help issuers customize their offerings.

"By implementing the debit card processing capabilities of MasterCard IPS, USAA will be able to strengthen its ability to quickly deliver the innovative products and services critical to maintaining its competitive edge," said Chris McWilton, President, U.S. Markets, MasterCard Worldwide. "USAA is widely known for its rigorous business standards and highest level of member service, and we believe this expanded relationship will increase the value it will deliver to its loyal customer base." With more than $31 billion in deposits as of Mar. 31, 2009, USAA Federal Savings Bank is the 23rd largest bank in the nation. USAA has been recognized by BusinessWeek for the past three years as a "Customer Service Champ," highlighting the association's legendary commitment of providing highly competitive financial products for 7.2 million members.

USAA joins a growing list of issuers that have implemented MasterCard IPS. In May 2009, The Travelex Group, the world's largest distributor of foreign currency prepaid cards, announced that it will implement the global prepaid transaction processing capabilities of MasterCard IPS to support new and existing consumer and corporate MasterCard Cash Passport(TM) cards. In December 2008, Swiss Bankers Prepaid Services Ltd. became the first financial institution to take advantage of the platform's global prepaid transaction processing capabilities. This followed the announcement of a brand-exclusive MasterCard IPS implementation by Security Service Federal Credit Union, the 10th largest credit union in the United States. MasterCard IPS has been named to the "InfoWorld 100," an award that recognizes information technology projects that use technology in smart, innovative and creative ways to meet business and technical objectives.

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 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.

Forward-Looking Statements Statements in this press release which are not historical facts, including statements about MasterCard's plans, strategies, beliefs and expectations, 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 United States federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in general economic or industry conditions, changes in financial condition, changes in estimates, expectations or assumptions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation: -- the ability of MasterCard IPS to enable financial institutions to create differentiated products and services across multiple business channels with efficient administration and minimal infrastructure investment; -- the ability of MasterCard IPS to enable financial institutions to save considerable time and resources when designing and deploying new products and services by providing data for the platform's pre-determined parameters; and -- the ability of MasterCard IPS to enable financial institutions to strengthen their ability to quickly deliver the innovative products and services critical to maintaining a competitive edge.

Actual results may differ materially from such forward-looking statements for a number of reasons, 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, 2007, the Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2008, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above.

Factors other than those listed above could also cause the company's results to differ materially from expected results.

Media Contacts: Tristan Jordan, MasterCard Worldwide, Tel. [phone], [e-mail] SOURCE MasterCard Worldwide URL: http://www.mastercard.com www.prnewswire.com Copyright (C) 2009 PR Newswire. All rights reserved -0- KEYWORD: New York INDUSTRY KEYWORD: FIN

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