TORONTO, Nov. 13, 2012 /CNW/ - Home Trust Company, a wholly owned subsidiary
of Home Capital Group Inc. (TSX: HCG) and one of Canada's leading trust
companies, has teamed up with MasterCard Canada to grow Home Trust's payment
card services and merchant acquiring portfolio.
Home Trust will expand its payment card portfolio through the development of a
prepaid card business with MasterCard. Home Trust selected MasterCard to help
develop its prepaid card portfolio because of MasterCard's proven track record
and widely accepted suite of products that are popular with Canadian consumers.
MasterCard and Home Trust will also work together to further grow Home Trust's
merchant acquiring portfolio. Home Trust conducts merchant acquiring through
Payment Services Interactive Gateway Corp. (PSiGate), a wholly owned
subsidiary of Home Capital Group. PSiGate offers secure, cost-effective and
trusted solutions to small and mid-size merchants.
"We are excited by the opportunity to deliver the MasterCard brand to Home
Trust customers," said Gerald M. Soloway, Chief Executive Officer, Home Trust.
"By expanding our credit card services to include MasterCard, we are further
diversifying our business and providing our customers with flexible solutions
to meet their credit card needs. We look forward to building and developing
our relationship with MasterCard."
"Prepaid is an important product for MasterCard and we're looking forward to
working with Home Trust to grow the reach of prepaid in both the commercial
and consumer spaces," said David E. Orzel, Senior Vice President, Market
Development, MasterCard Canada.
About Home Capital and Home Trust
Home Capital Group Inc. is a public company, traded on the Toronto Stock
Exchange (HCG), operating through its principal subsidiary, Home Trust
Company. Home Trust is a federally regulated trust company offering deposits,
residential and non-residential mortgage lending, securitization of insured
residential first mortgage products, consumer lending and credit card
services. Licensed to conduct business across Canada, Home Trust has offices
in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.
MasterCard NYSE: MA, www.mastercard.com, is a global payments and technology
company. It operates the world's fastest payments processing network,
connecting consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and territories. MasterCard's products
and solutions make everyday commerce activities - such as shopping, traveling,
running a business and managing finances - easier, more secure and more
efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Cashless Conversations Blog and subscribe for the latest
For more information, visit MasterCard Canada's Facebook page or follow
@MasterCardCa on Twitter.
Home Capital and Home Trust
Gerald M. Soloway, CEO, or Martin Reid, President 416-360-4663 www.hometrust.ca
Serda Evren Director of Communications 416-365-6671 firstname.lastname@example.org
SOURCE: Home Capital Group Inc.
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-0- Nov/13/2012 15:00 GMT
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