COPENHAGEN, Denmark, June 26, 2017 /PRNewswire/ -- Modo, the payments technology company leading the connection of legacy financial services infrastructure to new digital experiences, today announced their participation in the Mastercard Start Path Global 2017 Summer Class. Modo's COIN® is already being used by global payment and commerce giants like Bank of America Merrill Lynch, Verifone, FIS and Klarna. During its participation in the Start Path program, the Dallas-based startup hopes to receive the operational support needed to continue expanding the applications powered by their technology.
"As self-proclaimed #paymentsgeeks, joining Mastercard Start Path will connect us to the resources we need to reimagine financial technology at a greater pace," said Bruce Parker, CEO of Modo. "We look forward to joining the cool kids in our industry to refine the vision for our COIN technology and bring our business to new heights."
"Collaborating with Modo allows Mastercard to explore new ways for consumers, merchants and financial institutions to make and receive payments," said Amy Neal, Vice President, Mastercard Start Path Global. "By connecting Modo to our network of experts and partners, we can build the technologies of tomorrow more quickly."
Modo recently participated in the Start Path Immersion Week in London where they developed a tailored plan that will deliver tangible value and help Modo to scale. For the next six months, Modo will receive access to Mastercard expertise, resources, and solutions.
Modo joins Start Path in the Startup City at Money20/20 Europe. Modo CEO, Bruce Parker, will also be speaking with Ather Williams, Head of Global Transaction Services, Bank of America Merrill Lynch, about Modo's partnership with the bank for global digital disbursements at the conference. Their session is in Track Room 5 on Tuesday, June 27th at 3:50PM CEST.
Modo's COIN® platform connects new digital experiences to payments systems worldwide. Modo can take monetary value from just about any source, and deliver it to just about any destination, without requiring partners to modify their systems. Truly a 'shipping container for global payments', the Modo COIN® simplifies the complex world of payments in the digital era. Visit https://modopayments.com to learn more, or follow Modo on Twitter @ModoPayments to learn nothing but potentially get some laughs.
About Mastercard Start Path
Mastercard Start Path is a global effort to support innovative startups developing the next generation of commerce solutions today. Start Path was launched in 2014 with an objective to help startups to grow their businesses faster than they could by themselves. Startups that join the program can benefit from the knowledge of a global network of Mastercard experts, access to Mastercard customers and partners, and the ability to innovate on top of Mastercard solutions. Mastercard customers that join the program as partners get connected to the best and brightest startups and gain access to innovations from across the globe. For more information visit www.startpath.com or follow Mastercard Start Path on Twitter at @MAstartpath.
Mastercard, www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/modo-selected-for-mastercards-start-path-global-2017-summer-class-300479310.html