MasterCard lands award
By BRYAN F. YURCAN

The Association for Financial Professionals (AFP) and Wachovia last week announced MasterCard Worldwide as the 2007 AFP Pinnacle Award grand-prize winner.

The grand prize recognizes “innovative solutions to address cash management and financial challenges,” according to a statement from the AFP.

MasterCard was chosen from among three winners in the strategy, innovation and risk categories. MasterCard had won the risk category for its implementation of a corporatewide enterprise risk-management (ERM) system.

According to the AFP, The MasterCard Worldwide team “surmounted unique challenges” to successfully implement its system.

As a result of the ERM system, MasterCard experienced a reduction of key risks, risk-weighted decision-making and transparency of risk reporting, said the association.

Wachovia will make a $10,000 donation to MasterCard’s charity of choice, AmeriCares. Based in Stamford, Conn., AmeriCares provides disaster relief and humanitarian aid around the world.

 

	Reader Comments     Please add your Comments
	Westchester TalkBack Name: Email Address: Add your Question or Comment: Issue important to you:   create form