MasterCard Provides Innovative Public Sector Payment Solutions to Governments Worldwide; MasterCard's Members Gain Momentum within the Public Sector.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--May 29, 2002 MasterCard International today announced that its member financial institutions have recently been awarded extensive contracts to provide integrated payment solutions for the governments of France, Canada, Norway, Taiwan, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and Chile. Several agreements with the governments and their agencies represent the first comprehensive purchasing program to be implemented in their respective countries, setting the stage for MasterCard to share global best practices between the public and private sectors. In addition, these agreements - all secured over the course of the past year - generate significant global momentum for MasterCard's payment and expense management solutions within the public sector. "For years, MasterCard has worked side-by-side with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Government to unveil and integrate unique payment solutions such as the MasterCard Government Integrated Card, which has greatly improved their operations and financial management systems," said Steve Abrams, senior vice president, MasterCard Corporate Payment Solutions. "Our recent achievements in the government sector internationally reflect the success MasterCard and our member financial institutions have achieved in delivering localized, custom-designed payment solutions to enhance procure-to-pay processes and overall expense control." Today, MasterCard Public Sector Payment Solutions is harnessing its best-in-class payment solutions and the local expertise of MasterCard member financial institutions to address the needs of governments worldwide. Some public sector entities have recently issued mandatory directives to move entire operations online to streamline processes. For example, the British government declared the aim of making all United Kingdom government services available electronically by 2005, and similar edicts have been issued by other governments. Customized MasterCard programs allow government agencies to automate purchasing and financial processes while reducing time, labor and costs. "MasterCard programs in the public sector and government are providing innovative payment applications worldwide that extend significant benefits to their constituents including employees, suppliers and local citizens," said Eva Robinson, vice president of MasterCard Public Sector Payment Solutions. "As additional governments seek a reengineering tool to streamline their financial and payment processes, those tools must be customized via a localized approach, country by country. No one is better equipped to do this than MasterCard, with our universal, unmatched acceptance and our vast network of members around the world." MasterCard Government Programs Around the World The governments that have recently selected MasterCard payment solutions for the public sector include: Canada - Awarded agreements in the final quarter of 2001, MasterCard and BMO BMO Bank of Montreal (Canada) BMO Before Market Open BMO Biometrics Management Office BMO Ballistic Missile Office BMO British Mathematical Olympiad BMO Balkan Mathematical Olympiad BMO Business Management Office Purchasing Solutions (a unit of the Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). ) today supply MasterCard-branded Government of Canada The Government of Canada is the federal government of Canada. The powers and structure of the federal government are set out in the Constitution of Canada. In modern Canadian use, the term "government" (or "federal government") refers broadly to the cabinet of the day and Acquisition Cards to more than 28,000 government employees in 100 Canadian government departments and agencies. The cards assist employees with paying for official government purchases made online and offline. The service will allow employee cardholders to manage detailed purchasing information electronically. The program is expected to reduce direct administration costs by more than 75 percent per transaction on more than 1.25 million transactions per year. France - Earlier this year, MasterCard and issuing banks Issuing bank Bank that issues a letter of credit. Credit Mutuel/CIC and Credit Agricole won five contracts to provide purchasing cards A Purchasing Card is a form of company credit card that allows goods and services to be procured without utilising a traditional purchasing process. Purchasing Cards are usually issued to employees who are required to operate within a set of company rules and guidelines which to French government departments. As part of these contracts, MasterCard helped launch the first-ever card solutions for the French Ministry of Defense, French Ministry of the Interior and the Commune commune, in medieval history commune (kôm`y  n), in medieval history, collective institution that developed in continental Europe after the fall of the Roman Empire. of Issy les Moulineaux. The program offers training and implementation support, e-commerce capabilities, seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. and global payment acceptance. It also provides a way for the French government to generate direct and indirect savings by using less paper and administration, while increasing cost savings and the potential for more developed programs with expanded benefits and applications. Norway - The Norwegian Defense Department signed a contract with Europay Norge in December 2001, which will provide the Eurocard Purchasing solution to the Norwegian government. The solution is designed to streamline and simplify the way in which all employees of the Defense Department handle the purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements , whether it be through a supplier or via the public marketplace. The department expects to save approximately 350 million kroner by implementing the new purchasing system. Taiwan - In 2001, MasterCard worked with the government of Taipei and Taipei Bank to launch Asia's first virtual and real world purchasing card. MasterCard has successfully launched several government purchasing card programs in the past year and MasterCard cards now account for 80 percent of the cards issued in the local market. The Kaohsiung City Government is expected to reduce processing time and resources by as much as 25 percent through the use of Purchasing Card and Executive MasterCard Cards. Australia and New Zealand - MasterCard and its members have a long history of providing public sector payment solutions to Australian government agencies. The Australian government first piloted its program in 1985 and officially rolled out an extensive program in 1986. Today, in addition to payment card programs with major local universities and commercial businesses, more than 100 MasterCard government procurement Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts card programs are utilized across federal, state and local governments in Australia. Among the agencies using MasterCard public sector payment solutions include the Department of Finance, ACT (State) Government, the Government of Tasmania The form of the Government of Tasmania is prescribed in its Constitution, which dates from 1856, although it has been amended many times since then. Since 1901 Tasmania has been a state of the Commonwealth of Australia, and the Australian Constitution regulates its relationship , Australia Post
Australia Post is trading name of the Australian Postal Corporation, the postal service with a monopoly in small letter mail Australia. , and Monash University Facilities in are diverse and vary in services offered. Information on residential sevices at Monash University, including on-campus (MRS managed) and off-campus, can be found at [2] Student organisations . The federal government in New Zealand recently implemented procurement card programs in several agencies in 2002, including the departments of Education and Fire Services
Fire Services (Chinese:消防) is a Hong Kong football club. The majority of the players are working for the Fire Services Department in Hong Kong and playing for the club on . Chile - For the past six months, MasterCard has worked with Banco Edwards to provide purchasing cards for senior naval officers NAVAL OFFICER. The name of an officer of the United States, whose duties are prescribed by various acts of congress. 2. Naval officers are appointed for the term of four years, but are removable from office at pleasure. Act of May 15, 1820, Sec. 1, 3 Story, L. to purchase supplies for the Chilean Navy's Buque Escuela Esmeralda - one of the tallest ships in the world. In addition, all crew were provided access to their own funds through a personal MasterCard-branded card issued specially for the Chilean Navy The Chilean Navy (Armada de Chile) is the naval force of Chile. Present The 25,000-person navy, including 5,200 marines, is directed by Admiral Rodolfo Codina. Of the fleet of 66 surface vessels, only six (soon to be increased to eight) are major combatant ships and they . In the past, the Esmeralda had to operate its own bank for an entire voyage. The MasterCard card solutions also provided a flexible tool for crew to electronically transfer appropriate wages and funds back home to family members. About MasterCard Corporate Payment Solutions MasterCard Corporate Payment Solutions is a leading provider of innovative payment and expense management solutions to organizations of all sizes, in the public and private sectors. About MasterCard International MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and 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). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. in circulation today. An association comprised of more than 15,000 member financial institutions, MasterCard serves consumers and businesses, both large and small, in over 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless(R) advertising campaign is now seen in 81 countries and in 41 languages, giving the MasterCard brand a truly global reach and scope. With more than 24 million acceptance locations, no card is accepted in more places and by more merchants than the MasterCard Card. At December 31, 2001, gross dollar volume exceeded US$986 billion. MasterCard can be reached through its World Wide Web site at http://www.mastercard.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion