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MasterCard Europe and Europay France to Integrate Operations in France
     Emmanuel Petit appointed as General Manager of newly created company

PARIS, and WATERLOO, Belgium, Jan. 8 /PRNewswire-FirstCall/ -- MasterCard Europe and Europay France today announced an agreement to integrate their operating structures in France, a priority market for MasterCard in Europe. The integration will support French banks' efforts to provide competitive payment services. Under the terms of the agreement, a new company is to be formed. Additional terms of the agreement have not been disclosed.

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The transaction is expected to be completed on April 1, 2008 and will enable French and international banks in France to benefit from a direct relationship with MasterCard Europe for payment services. The two businesses have a history of combining their strengths, with MasterCard International and Europay International having merged their pan-European activities in 2002. Under that agreement, Europay France has acted as a liaison between MasterCard Worldwide and financial institutions in France.

Commenting on the announcement, Alfredo Gangotena, General Manager Continental Europe, MasterCard Europe said: "This agreement is essential to strengthening our direct presence in this market, and ensuring that French banks can have a single point of contact for their electronic payment needs. It also means that French consumers and retailers can enjoy the benefits of a more competitive and richer range of card payment products and increased acceptance. Quite simply, we are combining MasterCard's international expertise, proven ability to innovate and cutting edge technology and marketing with the technical and professional expertise and experience of Europay France."

Mr. Gangotena continued: "This recipe for success will help ensure banks and merchants are ideally positioned to deliver payment products and services to meet the needs of their French customers. This will strengthen French banks in the intensely competitive international marketplace and they will further benefit from a payments system unrivalled in terms of both reliability and efficiency."

MasterCard Europe has also announced the appointment of Emmanuel Petit as General Manager of the newly-created company. Mr. Petit will be responsible from today for leading the integration process, before assuming the role of General Manager on April 1, 2008. Mr. Petit, who joined MasterCard in 2002, currently leads MasterCard's relationship with a key banking client in Europe. Mr. Petit will report to Alfredo Gangotena.

Mr. Petit will work closely during the integration process with Mr. Herve Kergoat, currently Country Manager for MasterCard Europe in France. Mr. Kergoat will, from April 1, 2008 assume new responsibilities as head of Business Development, Special Projects. He will continue to report to Mr. Gangotena.

The agreement is particularly timely given the establishment of SEPA, the Single Euro(pean) Payments Area, the financial infrastructure which will demand that cross-border payment instruments are made available in all Eurozone markets, in addition to national ones.

MasterCard is fully equipped to provide SEPA compliant solutions which will enable banks not only in France, but throughout Europe, to compete effectively both at a domestic and international level. The influence of SEPA has already directly impacted the French domestic market by allowing the issuance of co-branded cards in France since October 2007.

The French market has long been a leader in innovation for the payments sector. French banks were amongst the first to embrace Chip technology, which has played a major role in increasing card payment security in France. November 2007 also marked the French launch of Europe's first MasterCard(R) PayPass(TM) contactless payments trial involving co-branded cards. MasterCard is the worldwide leader in contactless payments, with 20 million PayPass cards and devices and 80,000 merchant acceptance locations in 20 countries.

MasterCard Europe is ideally placed to deliver these benefits, offering consumer debit, credit, corporate and prepaid cards, coupled with the industry-leading PayPass contactless technology and acceptance.

Emmanuel Petit said: "We will be working hard to continue to enhance payment solutions available in France. I am relishing the prospect of leading this new business during 2008 and beyond. We will be offering a strong combination of market leading payment card products and unrivalled global acceptance to French consumers and retailers."

Jean-Claude Perchet, General Manager, Europay France said: "This agreement is the result of a relationship between Europay France and MasterCard which dates back more than thirty years. We're truly excited to be combining forces with MasterCard to provide French banks with Europe-wide solutions, which will enable them to become world class performers in the payments industry and leaders in the SEPA market."

About MasterCard Europe and MasterCard Worldwide

MasterCard Europe is the entity responsible for managing MasterCard Worldwide's business in Europe -- for Europe. With headquarters in Waterloo, Belgium, MasterCard Europe works with 51 European countries organized administratively into three customer areas, incorporating the Single Euro Payments Area (SEPA), mature markets and the developing markets of Europe, stretching as far afield as the eastern border of Russia. Through its network of local offices, MasterCard Europe can understand and meet the diverse needs of customers in the very different types of markets throughout Europe, enabling people to do business in their own way in their own language.

Through MasterCard Worldwide, MasterCard Europe offers its European customers and consumers access to leading payment services throughout the world. MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 16 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to

About Europay France

Europay France manages the development and adoption by French banks of MasterCard's product in France. The organization develops and champions the use of cards as a payments mechanism in the country. Europay France manages the performance of the payments network for all card payment operators in France and processes the transactions for foreign cardholders in France and French cardholders abroad.

Europay France also manages the interface between French institutions and international networks and informs banks of all regulatory requirements relating to the issue and acceptance of MasterCard cards.

Note to Editors

About Emmanuel Petit

A French national, Emmanuel Petit joined MasterCard in 2002. He is the Senior Vice President and General Manager of the Citibank account for APMEA and Europe. This role spans more than 26 countries and includes a number of the key strategic growth countries for Citibank. As a member of the senior management team at MasterCard, Mr. Petit is also an active participant in a number of global and regional strategic initiatives within the organization.

Mr. Petit also spent ten years with Visa in a variety of roles including Senior Vice President for Central and Northern Europe, based in Brussels, and Vice President for International Debit products at Visa's International's Head Office in San Francisco. Between MasterCard and Visa, Mr. Petit was Marketing Director of Hilton EMEA.

Before joining Visa, Mr. Petit was Director of Marketing and Communications at Groupement Carte Bleue in Paris and before this, he held marketing responsibilities in the French Group Paribas. Mr. Petit holds a diploma of the Institut Superieur de Gestion in Paris and a degree in Business Law, which he completed at the University of Paris-II Assas.

Forward-Looking Statements -- United States Private Securities Litigation Reform Act of 1995

Statements in this press release which are not historical facts, including statements about MasterCard's plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for MasterCard's ongoing obligations under the United States federal securities laws, MasterCard does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in general economic or industry conditions, changes in financial condition, changes in estimates, expectations or assumptions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation:

     * the ability to close the transaction on April 1, 2008;
     * the ability to successfully integrate the MasterCard operating
       structure in France with that of Europay France;
     * the likelihood that the newly-created company will strengthen
       MasterCard's direct presence in the market, allowing French banks to
       have a single point of contact for their electronic payment needs;
     * the likelihood that the integrated operations of the newly-created
       company will strengthen French banks' competitive position; and
     * MasterCard's ability to have its products remain competitive, continue
       to benefit French consumers and retailers and enhance payments
       solutions available in France.

Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in MasterCard's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2006, its Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2007, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above. Factors other than those listed above could also cause MasterCard's results to differ materially from expected results.

SOURCE  MasterCard Worldwide
    -0-                             01/08/2008
    /CONTACT:  Corinne Raes, +32-2-352-5237,, or
Louise Herbert, +32-2-352-5647,, both of
MasterCard Europe, or Alain Thiebaut of Europay France, +33-1-43-23-21-13,
    /Photo:  NewsCom:
             AP Archive:
             PRN Photo Desk, /
    /Web site: /

CO:  MasterCard Worldwide; Europay France; MasterCard Europe
ST:  France, Belgium

-- NYTU089 --
3244 01/08/2008 07:55 EST