MasterCard completes acquisition of Travelex pre-paid card unit

Source: MasterCard

MasterCard Incorporated (NYSE:MA) announced today that it has completed its acquisition of the prepaid Card Program Management (CPM) operations of Travelex, at the terms previously announced.

The acquisition of Travelex's CPM operations furthers MasterCard's strategic business goals and strengthens the company's suite of global prepaid business assets. It will allow MasterCard to play a greater role in the prepaid value chain supporting issuers and partners, especially outside of the United States and in the attractive cross-border payments space.

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