MasterCard has expanded its intellectual property relationship with First Performance Global for greater card control.
MasterCard will hold an equity stake in First Performance through the global extension of a license for its proprietary MasterCard In Control technology.
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The alliance will allow the two companies to work together on expanding First Performance’s capability to provide payment card issuers and processors self-service tools for cardholders.
First Performance has been using the MasterCard license to design and develop its platform since last year, providing cardholders the ability to make decisions about when to turn on and turn off their credit and debit cards.
Cardholders can also activate loyalty programs and control how their cards through a simple, easy-to-use GogoNogo mobile app.
MasterCard executive vice president, strategic partnerships Geoff Iddison said: "Solutions like these complement platforms like MasterPass and EMV in delivering cardholder both a better shopping experience and peace of mind in the protection of their accounts."
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By GlobalDataFirst Performance CEO and executive managing director A. Wayne Johnson said: "The expansion of our intellectual property relationship on a global basis is an exciting opportunity for our company."
