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17 May 2007
MasterCard Black arrives in Bermuda

Butterfield Bank today introduced MasterCard® Black™, a prestigious new ‘above Platinum’ credit card that will be available to valued customers by invitation only.

 

The card, which features a minimum credit limit of $20,000, provides cardholders with access to unique global services as well as exclusive travel and insurance benefits.


Alan Thompson, President and Chief Executive Officer of Butterfield Bank said, “Customers who are invited to obtain a MasterCard Black card will not only benefit from MasterCard’s worldwide acceptance, they will also enjoy access to a unique and truly special suite of travel and entertainment services. We know of no other card available in Bermuda that provides these kinds of rewards and features.”

 

Butterfield Bank will be inviting existing Butterfield/AAdvantage Platinum MasterCard® cardholders to receive MasterCard Black over the coming weeks.


The new card will be a boon to well-traveled corporate leaders, entrepreneurs and socialites who will earn 1.25 American Airlines AAdvantage® miles for every dollar spent using the card.


MasterCard Black cardholders will have access to a Personal Assistance Service that goes beyond the services of a normal travel agency or concierge service, helping them make special arrangements for their overseas business needs including: protocol, translation and interpretation services; referrals for office and equipment set-up and referrals for temporary help services as well as entertainment reservations and shopping-hints for hard-to-find items.


In addition, MasterCard Black cardholders waiting to make a flight connection can relax and enjoy the hospitality of one of more than 430 V.I.P. Priority Pass™ Lounges at airports in 75 countries.


Whether traveling by air, land or sea the card offers a range of insurance services, including personal accident coverage of up to $1 million. Around the world, MasterAssist Black® offers 24-7 emergency assistance services that include; emergency medical and legal referrals, emergency cash, lost document and ticket replacement assistance as well as the transmission of urgent messages. MasterAssist Black also covers cardholders with additional medical insurance coverage of up to $25,000 (30,000 Euros for European countries). MasterRental™ will protect MasterCard Black cardholders from theft of or damage to rental vehicles.

 

MasterDelivery™ is available to help cardholders ship that perfect gift, documents or valuables back home.

 

MasterCard Worldwide Vice President and Caribbean General Manager Francisco Alves said, “The objective of MasterCard Black is to become the preferred payment method for high-net-worth individuals
who enjoy frequent travel and who will appreciate participating in an exclusive rewards and benefit programme. We are very pleased to be making these services available to affluent people in Bermuda in cooperation with Butterfield Bank.”


Note to Editors


Butterfield Bank is Bermuda’s first and largest independent bank, and a specialist provider of offshore financial services. The Butterfield Bank Group offers a full range of community banking services in
Bermuda, Barbados and the Cayman Islands, encompassing retail and corporate banking and treasury activities. In the wealth management area, the Group provides private banking, asset management and personal trust services from its headquarters in Bermuda and subsidiary offices in The Bahamas, the Cayman Islands, Guernsey, Switzerland and the United Kingdom. The Group provides services to corporate and institutional clients from offices in Bermuda, The Bahamas, Canada, the Cayman Islands and Guernsey, which include investment and pension fund administration, asset management and corporate trust services. Butterfield Bank is a publicly traded corporation with shares listed on the Bermuda and Cayman Islands stock exchanges. Further details on Butterfield Bank can be obtained from our website at: www.butterfieldbank.com.

 

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link between financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes close to 14 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard Worldwide serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercardworldwide.com.

 

Media Relations Contacts:

Mark Johnson
Assistant Vice President
Direct Line: (441) 299-1624
Fax: (441) 295-3878
E-mail: markjohnson@bntb.com
www.butterfieldbank.com

 

Stuart Roberts
Senior Communications Specialist
Direct Line: (441) 298-4610
Fax: (441) 295-3878
E-mail: stuartroberts@bntb.bm
www.butterfieldbank.com

 

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