Consumer Payment Card News

ACQUIRER CONTEST

MasterCard is beefing-up merchant acceptance with a contest that gets underway this week. More than $100,000 in prizes are being offered to U.S. acquirers and member service providers that sign new merchants or expand existing merchant programs. The “Recurring Rewards Sales Program” is designed to assist merchants achieve a streamlined payment processing and handling method for authorizing automatic payments on common recurring expenses, such as telephone bills, insurance premiums, magazine subscriptions, and cable/satellite television services.The contest includes two grand prizes of $10,000 each, ten first prizes of $5,000 and twelve second prizes of $2,000. The program runs through the end of this year. All prizes will be distributed on MasterCard Pre-paid cards. Additional reward incentives include $200 to the first 75 acquirers and member service providers signing on new or existing merchants. Also, prizes of $500 will be awarded each month to three acquirers and member service providers that accrue the greatest number of points. Points are earned by signing new merchants to accept the MasterCard card and/or launching new recurring payments programs with new or existing merchants. MasterCard will award these points based on merchant size ranging from less than $49.9 million in total revenue to more than $100 million. All acquirers and member service providers registered with MasterCard International are eligible to participate in this program. To register, or for more information about the “Recurring Rewards Sales Program”, contact MasterCard at 1-877-300-9434 or mastercard@apfco.com. For information about additional North American Recurring Payments Programs from MasterCard, contact Lisa Brzezicki at (914) 249-4785, or visit our website at http://www.mastercardintl.com/merchant/accept.html.

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