MA MASTERCARD INCORPORATED

Mastercard and General Motors Power Digital Payments

Mastercard today announced a major expansion of its long-standing relationship with General Motors (GM). Customers at more than 4,000 Chevrolet, Buick, GMC and Cadillac dealerships in the United States, as well as online customers, will soon be able to order and pay for ACDelco and other service parts, accessories such as Chevrolet Performance Parts, Maven car-sharing services, OnStar guidance, security and data plans, and over-the-air updates for OnStar Go using Mastercard’s payment gateway. The gateway enables fast and secure electronic credit and debit card processing.

The new platform builds on the successful relationship GM and Mastercard have forged with the GM Rewards Card program. Since 1992, cardholders have earned rewards to help purchase more than 7.3 million cars, trucks and crossovers. The payment gateway solution draws on the Mastercard network for its global connectivity to enable payment acceptance from all brands via digital channels.

“Working with Mastercard will help us deliver the best possible customer experience by aligning all of our business units and dealers under one payment gateway that is fast, secure and has global scale,” said Ed Vogt, GM’s director of e-commerce, U.S. sales operations.

“As a global transportation company, GM committed to a digital roadmap that enables e-commerce at every point of engagement with franchisees, providers and customers. Mastercard is pleased to provide the network coverage and payment gateway that offers the benefits of centralized management at headquarters with the flexibility of meeting the needs of individual business outlets,” said Tim Fletcher, senior vice president, Payment Gateway Services, Americas, Mastercard.

Along with the BuyPower credit card portfolio, other collaborations between Mastercard and GM include OnStar Go, the new cognitive mobility platform that enables drivers to pay for everyday errands such as picking up family dinners or filling gas tanks from the comfort of GM their cars. OnStar Go is powered by Masterpass payment technology and Mastercard Digital Enablement Services (MDES) and featured in many GM cars starting this year.

About Mastercard

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 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 @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

EN
02/05/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on MASTERCARD INCORPORATED

Mastercard Inc: 1 director

A director at Mastercard Inc sold 6,758 shares at 563.566USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly...

Garvit Bhandari
  • Garvit Bhandari

Global Fintech Industry May 2025

This report looks at the global fintech industry. Fintech as an industry involves the use of technology to compete with traditional financial institutions in the delivery of financial services. Fintech is an emerging industry whose applications are employed in a range of traditional industries. The report talks about the overall market size, expected growth rates as well current trends driving the growth in the industry. Companies can also be categorized as core and non-core, the former being th...

Moody's Ratings assigns Aa3 rating to Mastercard's senior unsecured no...

Moody's Ratings (Moody's) assigned an Aa3 rating to Mastercard Incorporated's ("Mastercard") proposed senior unsecured notes issuance. The rating outlook is stable. The net proceeds from the debt issuance are expected to be used for general corporate purposes. RATINGS RATIONALE Mastercard's Aa3 ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Macro Vision: Sector Synopsis

STRATEGY Market dynamics remain risk-on, and our outlook remains bullish as long as the S&P 500 remains above 5850 and 5600-5670. Shorter-term, the S&P 500 remains above the prior bull flag support (currently 5900) that we have discussed over the past two weeks in our Compass reports, and is coiling for a likely breakout above 6100 resistance. As discussed throughout the first half of January in our Compass reports, we continue to believe that tariffs will mostly be used as a negotiation tacti...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch