MasterCard Masters of Code Hackathon Series to Crown $100,000 Global Winner

Local Developers & Entrepreneurs from 12 Cities Set to Compete in
San Francisco for the Grand Prize

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#MastersofCode

PURCHASE, N.Y.–(BUSINESS WIRE)–Developers from across the globe will compete for $100,000 during the MasterCard
Masters of Code™ global
hackathon grand finale in San Francisco on December 4 and 5. The winning
teams from each of the 12 regional events will take on a new
challenge and battle each other for the title of Masters of Code.

For the past ten months, the Masters of Code competition traversed the
globe – from Singapore
to New
York to Tel
Aviv – hosting regional weekend-long events that tasked the world’s
top coders, developers, designers and entrepreneurs to create new
consumer payments solutions featuring MasterCard APIs.

In the earlier rounds, winning solutions ranged from a price protection
assistant tied to doing social good, to a parent-monitored credit card
for kids, and even a coding game to encourage women to join the tech
industry.

During the San Francisco finale, the MasterCard Masters of Code Champion
will receive $100,000 and dedicated resources to develop and
commercialize their innovation, including:

• One week at the next MasterCard
  Start Path™ boot camp in Singapore
• Six months of mentoring from a member of the MasterCard
  Open API executive team
• Free payment processing for up to $250,000 in transactions for the
  first 12 months using Simplify
  Commerce

While in California, all winning regional teams will also enjoy a MasterCard
Priceless® Experience in Napa Valley and Silicon Valley.

The San Francisco event will open with a welcome from entrepreneur and
New York Times best-selling author, Eric
Ries. He pioneered the Lean
Startup movement, a new-business strategy which maximizes a
company’s potential by allocating and improvising their resources as
efficiently as possible.

At the end of the two-day hackathon, the winning team will be evaluated
on their innovation’s impact, design, creativity, simplicity and usage
of MasterCard APIs. The esteemed judging panel will include:

• Michael
  Abbott, general partner at Kleiner
  Perkins Caulfield & Byers
• Debbie
  Barta, global platform lead of Simplify
  Commerce at MasterCard
• Dave
  Birch, director of Consult
  Hyperion
• Kimberly
  Bryant, Pahara-Aspen
  Institute fellow
• Jean-Louis
  Gassee, general partner at Allegis
  Capital
• Ben
  Parr, author of Captivology,
  partner at DominateFund
• Karen
  Pascoe, senior vice president, User Experience at MasterCard
• Marc
  Verstaen, entrepreneur in residence at Trinity
  Ventures
• Karen
  Webster, chief executive officer at Market
  Platform Dynamics and PYMNTS.com

“We approached this series looking for the best developers and that is
exactly who we have found,” said Sebastien Taveau, chief developer
evangelist, MasterCard Open API. “At MasterCard, we opened our APIs to
see what they are inspired to create next and promote financial
inclusion globally.”

The global finalists include:

• Sydney,
  Cointr: a digital piggybank that allows consumers to save by
  automatically “depositing” their coin change
• Hong
  Kong, Master Your Card: a parent-supervised children’s credit card
  designed to help develop responsible money management
• Singapore,
  One Small Step: coding-centric games to help Southeast Asian women
  with a better understanding of the technology around them
• São
  Paulo, Bolsa Capital: an online “exchange market” to buy and sell
  MasterCard merchants receivables
• Tel
  Aviv, weBUSKING: an online talent show forum that allows viewers
  to pay the street performer directly
• Mexico
  City, Knowhere: a system to rent out parking spaces in people’s
  driveways while they are at work
• San
  Francisco, Dave: recuperates previously unavailable personal price
  protection refunds to enable charitable donations
• Montreal,
  FareShare: a simplified expense-sharing solution based on purchase
  history API
• Istanbul,
  Mobil Bayi: a solution to load money and game credits on any
  NFC-based card
• St.
  Louis, FanFare: a one-stop resource to match event and nightlife
  recommendations based on a consumer’s favorite teams and musicians
• New
  York, Pay Butler: a voice-controlled service to help the disabled
  or illiterate manage everyday bills and payments
• London, All of Us: a solution to make it easier to share
  transit-related expenses

For more information about the MasterCard Masters of Code competition
including rules, judging criteria, prizes, etc., please visit www.MastersofCode.com.

About MasterCard

MasterCard (NYSE:MA), 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’s 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
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Contacts

Media:
MasterCard
Brian Gendron, 914-325-1799
brian_gendron@mastercard.com
or
Access
Communications
Kaylin Slakey, 415-844-6234
Kslakey@accesspr.com