MasterCard and MCB Offer Secure Payment Solution for Online

MasterCard and MCB Offer
Secure Payment Solution for Online Shopping
MCB is the first financial institution in Mauritius to provide
MasterCard Gateway (MiGS) Service to web merchants
Port-Louis, November 16, 2006: The Mauritius Commercial Bank Limited (MCB) and
MasterCard Worldwide today unveiled a new service in Mauritius for e-merchants that
guarantees a secure online payments system for web purchases.
MCB is the first member financial institution to offer the MasterCard Gateway Service (MiGS)
to web merchants in Mauritius. MasterCard, an innovator in payment processing security,
developed MiGS in response to the growing demand for secure web-based shopping.
“MiGS is a complete payment solution that enables merchants to offer a secure way to pay and
peace of mind to online shoppers, while avoiding the cost of developing their own payment
gateways. MiGS is a cost-effective, quick and easy solution that has the global recognition and
support of MasterCard. It eliminates barriers to merchants making the most of exciting e-commerce
opportunities,” said Douglas Henderson, Assistant Vice President for Product Sales at
MasterCard Africa.
Angelo Letimier, Senior Manager at MCB, said: “We are delighted to offer MiGS as our
pioneering internet payment solution featuring cutting edge technology and security. We believe
that online shopping will be expanding rapidly over the coming years, and are confident that our
e-commerce solution will e-enable our merchants with a tried and tested payment solution,
backed by MasterCard International. With MiGS as our internet payment solution, we will be
able to cater for the diversified needs of our existing partners, whilst enrolling new merchants
wishing to provide inexpensive but safe and convenient online shopping for their own
customers.”
“MiGS has been in operation for more than six years, currently processes over 3.5 million
transactions per month, and provides over 99.99% availability. MiGS already provides its
services to about 55 member financial institutions worldwide from its data centre in Sydney,
Australia,” Henderson said.
About MasterCard International
MasterCard International has a comprehensive portfolio of well-known, widely accepted payment
brands including MasterCard!, Cirrus! and Maestro!. More than 1.7 billion MasterCard, Cirrus
and Maestro logos are present on credit, charge and debit cards in circulation today. With
approximately 25,000 MasterCard, Cirrus and Maestro members worldwide, MasterCard serves
consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a
leader in quality and innovation, offering a wide range of payment solutions in the virtual and
traditional worlds. MasterCard’s award-winning Priceless! advertising campaign is now seen in
90 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope.
With more than 28 million acceptance locations, no payment card is more widely accepted
globally than MasterCard. For the six months ended June 30, 2002, gross dollar volume
exceeded US$534 billion. MasterCard can be reached through its website at
http://www.mastercardinternational.com.
About The Mauritius Commercial Bank Limited
www.mcb.mu
Established in 1838, The Mauritius Commercial Bank Limited (MCB) is the largest bank in
Mauritius with some 45% market share. Ranked 13th in Sub-Saharan Africa on the basis of Tier 1
Capital according to The Banker's Top 1000 World Banks, the MCB is also part of the leading
200 banks of this global listing. The MCB is a major regional player with operations in
Madagascar, Mayotte, Mozambique, Reunion Island and Seychelles. MCB is a pioneer in
bringing innovative products, services and solutions to the markets in which it operates.