MasterCard to allow developers to use its technology

05/26/2010 | NYTimes.com

MasterCard is striving to keep up with technological innovations as digital forms of payment start replacing cash and plastic. The company said it will offer its technology to software developers creating online applications. "A big part of the strategy is to be able to harness the innovation of others in the developer community to really push our business forward," said Josh Peirez, chief innovation officer at MasterCard.

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