Univision partners with MasterCard to offer pre-paid financial services

Wed. November 04, 2009; Posted: 05:03 AM

Nov 04, 2009 (Datamonitor via COMTEX) -- UVN | Quote | Chart | News | PowerRating -- Univision Communications has announced a strategic alliance with MasterCard Worldwide to introduce two new pre-paid financial services, the Univision Prepaid MasterCard Card and the Univision MasterCard Gift Card.

MasterCard said that the pre-paid cards will be available across the US in 2010 and are being developed to provide Hispanic consumers with access to relevant, flexible and valuable financial tools that can be used anywhere Debit MasterCard is accepted.

The Univision MasterCard pre-paid products will be issued by The Bancorp Bank pursuant to license by MasterCard International.

Joe Uva, president and CEO of Univision, said: "Univision's mission is to inform, empower and entertain the Hispanic community. We recognize, better than anyone, the importance of empowering Hispanics by connecting them with financial tools and services they can trust.

"Our financial services offering is an extension of our Cuentas Claras initiative. We are proud to partner with MasterCard, a payments leader that shares our goal of providing the tools, resources and services to empower our community."

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