MasterCard Makes it Easy for Canadians to Travel Smarter

Cash Passport Prepaid Currency Cards provide travellers with peace of mind 
TORONTO, June 26, 2013 /CNW/ - MasterCard Canada and subsidiary Access Prepaid 
Worldwide today announced the launch of Cash Passport™ Prepaid MasterCard 
Currency Card, in time for Canadians travelling locally or abroad this summer. 
The Cash Passport will change the way you think about your money when 
travelling. It allows you to pre-load your travel money for safe and 
convenient use at millions of ATMs, shops and restaurants worldwide. For 
travellers, prepaid cards are a more secure alternative to the once-popular 
Travellers Cheque or large sums of cash. 
According to a recent study conducted by Leger Marketing on behalf of 
MasterCard Canada: 


    --  Eighty-four per cent of Canadians have travelled within the
        past 12 months, either for business or leisure.
    --  On average, Canadians are spending $3,915 during their leisure
        travels outside Canada; a sum of money large enough to create a
        noticeable bulge in anyone's wallet.
    --  Fifty-nine per cent of Canadians obtain cash in the local
        currency in advance of their trip and 34 per cent of Canadians
        obtain cash in the local currency while travelling.

If you lose your Cash Passport or it is stolen, simply calling a toll-free 
number will help protect the funds on the card. Conversely, when cash is lost, 
it is not replaceable.

"We develop innovative ways to make paying for travel a seamless experience, 
and the Cash Passport delivers a convenient, budget-friendly way for Canadians 
to manage their money while travelling locally or abroad. Canadians looking to 
get on the road should feel comfortable knowing their cash is stored securely 
on the prepaid Cash Passport," said Tom McTague, VP, Prepaid at MasterCard 
Canada.

The Cash Passport offers travelers the following benefits:
    --  Security - The card is secured with the latest chip and PIN
        technology. With the benefit of Global Assistance, if your card
        is lost or stolen, the 24/7 Card Services team can arrange free
        replacement cards or provide emergency cash up to the available
        balance on your card.  Additionally, the card is not connected
        to your bank account, which creates a barrier to identity
        theft.
    --  Budget Control - The Cash Passport is all about putting you in
        control of your travel money.  Straightforward pricing and
        up-front foreign exchange means you'll know exactly what it
        costs to get and use the card. When you have pre-loaded foreign
        currency on to your Cash Passport you will not be subject to
        fluctuating exchange rates throughout your trip.
    --  Balance Checks - Never worry about the availability of your
        funds. You can check the balance on your Cash Passport any time
        by phone or online.
    --  Reloadable - Simply take your Cash Passport and valid ID to a
        participating branch of the travel agent or retailer where you
        bought it within Canada, and they will reload your Card for you
        or by telephone.
    --  Flexible - What you don't spend you can save for your next
        trip.
    --  Prepaid Convenience - Withdraw local currency at millions of
        ATMs worldwide or pay for goods and services at retailers
        globally wherever the MasterCard® Acceptance Mark is displayed.

"Canadians look to CAA for guidance on how best to travel safely, securely and 
conveniently," said Brenda Kyllo, Vice President of Travel Services, Canadian 
Automobile Association. "We sell the Cash Passport because it's a great travel 
tool that gives our Members easy, secure access to their funds wherever they 
are."

Steve Grigg, President at Access Prepaid Worldwide stated: "Not only does it 
provide a safe and secure way to carry your travel money, it has the back-up 
of our in-house team of friendly and expert staff 24/7."

Cash Passport MasterCard cards can be purchased at participating CAA stores, 
Travelex, ICE and Marlin Travel. Fees and limits vary between cards. For 
information please visit www.cashpassport.com.

MasterCard Cash Passport is issued by Peoples Trust Company pursuant to 
licence by MasterCard International. MasterCard and the MasterCard Brand Mark 
are registered trademarks of MasterCard International.

About MasterCard Worldwide MasterCard NYSE: MA, www.mastercard.com, is a 
technology company in the global payments industry. We operatethe 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 news.

About Access Prepaid Worldwide 
Access Prepaid Worldwide provides business partners globally with fully 
outsourced prepaid cardprogramme management solutions. Leveraging the 
MasterCard, Visa & CUP networks, Access delivers consumer and corporate 
travel, payroll and foreign currency prepaid card programmes to a diverse set 
of partners including financial institutions, travel agents, retailers, bureau 
de change operators, blue chip corporations and airlines. Access utilises both 
the in-house transaction processing capabilities of MasterCard's IPS platform 
as well as relationships with third party processors; whilst alsooperating 
aglobal assistance 24/7 customer support centre and providing total card 
lifecycle support for its customers andcardholders alike. Access Prepaid 
Worldwide is a MasterCard Worldwide Business.

Media Contact: Leslie Jackson Leslie.Jackson@ketchum.com (416) 355-7421

Lauren Mostowyk Director, Corporate Communications, MasterCard Canada 
Lauren_mostowyk@mastercard.com (416) 365-6697

SOURCE: MasterCard Canada

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CO: MasterCard Canada
ST: Ontario
NI: FIN NP 

-0- Jun/26/2013 15:48 GMT