MasterCard joins Smart Cities Council

Source: The Smart Cities Council

The Smart Cities Council, an industry coalition to advance smart city development and innovation, is announcing its newest Global Partner, MasterCard. The partnership signifies a turning point in the development of innovative digital transaction processing platforms for city government, businesses and citizens.

As a Smart Cities Council Global Lead Partner, MasterCard will work with the Council's advisors and members to provide cities with better, safer and more secure payment methods.

"We are passionate about innovation and constantly seeking to develop and test new payment channels and digital solutions that are safe, simple and smart," said Emmanuel Petit, General Manager Government & Public Sector at MasterCard Europe. "What better way to do this than by joining the Smart Cities Council, which works with the most progressive businesses, thought leaders and cities around the globe."

Technology has been the single largest change agent in the ongoing transformation of the finance function. Electronic payment processing has increased convenience, security and transparency, and has contributed to reduce administrative costs.

As a Global Lead Partner, MasterCard will also contribute to the Smart Cities Council Readiness Guide to improve the livability, workability and sustainability of the world's cities. The Readiness Guide is a collaborative and comprehensive resource that provides a step-by-step roadmap, vendor-neutral technology recommendations, evaluations and case studies for smart city development.

"The MasterCard input will be invaluable as they continue to develop inventive ways to support cities' digital strategy, drive local business growth, fuel commercial development, increase citizens' satisfaction and reduce costs," noted Smart Cities Council Founding Chairman Jesse Berst.

MasterCard is one of more than 20 Smart Cities Council Partners providing city leaders with the tools and resources to plan, finance and deploy cutting-edge smart city technologies.

Current Smart Cities Council Global Lead Partners include: Alstom, AT&T, Bechtel, Cisco, Electricite de France, General Electric, IBM, Itron, MasterCard, Microsoft, National Grid, Qualcomm and S&C Electric. Current Smart Cities Associate Partners incllude: ABB, Alphinat, Grid2020, Invensys, MaxWest, Opower, SunGard Public Sector and Zipcar. 

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