MasterCard Worldwide today announced that USAA Federal Savings Bank will implement MasterCard Integrated Processing Solutions (IPS), the company's world-class debit processing platform.
USAA will employ the full capabilities of the platform's branded network and issuer processing services in support of signature and PIN debit, and ATM driving.
"We believe that the capabilities of MasterCard IPS will position USAA to address and adapt to the unique and changing payment needs of our members around the globe while offering the most advanced services," said David Bohne, President, USAA Federal Savings Bank.
MasterCard IPS is designed to help financial institutions create differentiated products and services and expand their payment portfolios across multiple business channels with efficient administration and minimal infrastructure investment. Issuers will be able to save considerable time and resources when designing and deploying new products and services by simply providing data for the platform's pre-determined parameters. With its proprietary Portfolio Viewer tool, IPS delivers a 360-degree view of aggregated cardholder intelligence across debit and prepaid products that can help issuers customize their offerings.
"By implementing the debit card processing capabilities of MasterCard IPS, USAA will be able to strengthen its ability to quickly deliver the innovative products and services critical to maintaining its competitive edge," said Chris McWilton, President, U.S. Markets, MasterCard Worldwide. "USAA is widely known for its rigorous business standards and highest level of member service, and we believe this expanded relationship will increase the value it will deliver to its loyal customer base."