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The Boston Globe

Business

Eileen AJ Connelly

MasterCard, Western Union teaming up on prepaid

MasterCard Inc. is teaming up with Western Union Co. in the fast-growing market for prepaid cards, seeking to make it easier and more convenient to use the reloadable cards globally.

A year after Western Union began issuing prepaid cards bearing the MasterCard logo in the United States, the companies say they will begin offering the cards in other countries, with the goal of making it possible for consumers worldwide to use prepaid cards to transfer and spend money.

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