Companies Can More Effectively Manage Their Corporate Card Programs with MasterCard Enhanced Folio Data from 8000 Hotel Properties; Expanded Marriott and Carlson Participation Further Strengthens MasterCard's Industry-Leading Program.PURCHASE, N.Y. -- MasterCard International today announced that Marriott International Marriott International, Inc. (NYSE: MAR) is a worldwide operator and franchisor of a range of value and luxury hotels and related lodging facilities. Marriott currently has 2,300 accommodation properties in North America alone. and Carlson Hotels Worldwide have expanded their participation in MasterCard's hotel folio (1) Text management software for the professional reference publishing market from Fast Search & Transfer, Oslo, Norway and Boston, MA (www.fastsearch.com). Known as FAST Folio since its acquisition in 2004 from NextPage, Inc. data program. With this addition, MasterCard corporate customers will receive enhanced hotel folio data from approximately 8000 properties in the U.S. and Canada. "We are extremely pleased to expand our relationship with Marriott International and Carlson Hotels Worldwide," said Steve L. Abrams, senior vice president, Corporate Payment Solutions, MasterCard International. "With these additional properties, over 40% of corporate hotel transactions now have folio data available. Our hotel folio program -- the only one in the industry to include all of these leading hotel merchants for corporate travelers: Marriott International, Hilton Hotels Corporation Hilton Hotels Corporation (NYSE: HLT) is one of the leading global hospitality companies. As of April 2007 there are 2,645 hotels and 485,000 rooms employing 105,000 people in more than 80 countries. , Choice Hotels International and Carlson Hotels Worldwide -- continues to experience unparalleled momentum and success. By offering enhanced hotel folio data with our suite of corporate payment solutions, we can help our issuers' corporate customers manage spending and uncover untapped opportunities for profit." Marriott International will be adding all properties in the U.S. and Canada from their Fairfield Inn, SpringHill Suites SpringHill Suites is part of the Marriott International family of hotels. In 1998, Marriott International announced plans to convert Fairfield Suites to SpringHill Suites by Marriott. and TownePlace Suites TownePlace Suites, a division of the Marriott International hotel chain, was officially unveiled in Newport News, Virginia on February 23, 1997. Less than ten years later, there are now 123 TownePlace Suites operating across the United States. brands to its list of hotels that are now providing hotel folio data to corporate customers. Carlson Hotels Worldwide has expanded its participation in hotel folio to include its Country Inns & Suites brand properties. The enhanced hotel folio program gives corporate customers access to room, tax, meal, telephone, business center fees and other itemized expense details at participating hotels. The transactions are presented back to the corporation electronically and can be reconciled to its monthly invoice, streamlining the employee expense reporting and the corporate accounts payable process. MasterCard International issuers currently offering hotel folio data to their customers include GE's Corporate Payments Services unit, Citibank, JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. and Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. . "We know our customers are focused on ensuring T&E policy compliance, integration of their expense reporting systems, and overall cost controls," said Jeffery R. Dye, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Corporate Payment Services, the commercial card unit of GE Consumer Finance. "The comprehensive information and integration tools from MasterCard International allow us to provide our corporate customers with the products, services, and tools they need to efficiently manage their finances." About MasterCard Incorporated MasterCard Incorporated is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard, through its principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , MasterCard International Incorporated, manages a family of well-known, widely accepted payment card brands including MasterCard(R), Maestro (1) (Maestro NT) An earlier name for scheduling software for Windows NT from Tivoli Systems, Inc. When IBM acquired Tivoli in 1996, the program was renamed IBM Tivoli Workload Scheduler. (R) and Cirrus(R) and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless(R) advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com or refer to the filings of MasterCard Incorporated with the U.S. Securities and Exchange Commission. |
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