New York-listed payment processing service Mastercard has taken an equity stake in First Performance, a US-based provider of real-time consumer alerts and controls to financial institutions, as part of globally licensing its In Control technology and forming a partnership together.
Since 2014, First Performance has used a MasterCard license to provide cardholders the ability to personally make decisions about when to “turn on” and “turn off” their credit and debit cards. It also allows them to activate loyalty programs and control where and how their cards can be used through a GogoNogo mobile app.
Wayne Johnson, CEO at First Performance, said: “The expansion of our intellectual property relationship on a global basis is an exciting opportunity for our company.”