At least three payment CUSOs with nationwide scope lost no timetoday to announce they had partnered with MasterCard in thedistribution of its digital wallet called MasterPass.

PSCU,CO-OPFinancial Services and The MembersGroup all announced they have partnered with MasterCard to makethe new technology available to their member credit unions.MasterCard said MasterPass will support different approaches topoints of sale purchases, will enable MasterCard issuers to offerdigital wallets and will enable users to obtain other financialinformation, such balances and completed transactions, from theapplication.

“MasterPass empowers our credit unions to add a higher level ofefficiency and value to their members' payments experiences,” saidMichael Kelly, PSCU CEO. “As more and more consumers demandversatile, mobile-based and secure ways to transact wherever theyare, PSCU's credit unions will be there to help them. This serviceis a key solution in establishing our member-owners as the mostcapable and relevant financial institutions for current and futuremembers.”

TMG and CO-OP announced their participation jointly, reflectingthe strategic partnership that they announced in January 2012.

“Credit unions are looking for trusted partners to capitalize onopportunities, such as the future of digital payments,” said ShaziaManus, CEO of TMG. “Together, our companies will be a single pointof entry to the most innovative, tailored, cost-effective productsand services as they prepare for next-generation banking.”

“This is a very exciting time in the payments industry, and theintroduction of MasterPass will contribute to simplifying digitalshopping,” said Stan Hollen, CEO of CO-OP Financial Services. “Weformed our partnership with TMG to offer the best processingplatform for each client's unique needs, and our mutual partner,MasterCard, has introduced an important addition.”