MasterCard and PerkStreet Financial develop a joint product

Online financial services company PerkStreet Financial has entered into a strategic partnership with MasterCard Worldwide to offer innovative financial products to MasterCard cardholders as part of PerkStreet’s checking account rewards program. Under the agreement PerkStreet will convert its debit card program to MasterCard early next year.

“We chose MasterCard as our exclusive card partner because of our companies’ shared commitment to innovation and helping consumers get more from their financial relationships,” said Dan O’Malley, Chief Executive Officer of PerkStreet Financial. “With MasterCard, we’re excited to be able to provide even more value to our account holders through enhanced debit rewards, security and worldwide card acceptance.”

“PerkStreet’s rapid growth is proof that now, more than ever, consumers are looking for cutting edge payments products that make their lives easier and reward them for their loyalty,” said John Ainsworth, Group Head, U.S. Markets, MasterCard Worldwide. “Our partnership with PerkStreet provides MasterCard cardholders with both, while encouraging a responsible approach to spending.”