First Data (NYSE: FDC), a global leader in commerce-enabling technology, and Mastercard (NYSE: MA) announced they have joined forces, enabling First Data to provide a digital disbursement platform to Mastercard’s business customers. First Data’s Disburse-to-Debit® solution will be available to Mastercard customers that leverage MoneySend™ to push real-time payments to debit card holders.
“Mastercard has a long history of providing customers with innovative financial solutions. We are thrilled to align with them as First Data continues to expand our presence in this fast-growing market segment,” said Dan Charron, Executive Vice President, Head of Global Business Solutions for First Data. “We are focused on bringing an exceptional standard of sales and service, along with innovation, to our clients. We look forward to working closely with Mastercard to introduce its customers to our digital disbursement platform.”