Mastercard withdraws prepaid card services from web ads broker

The investment vehicle Banners Broker has told its 15,000 subscribers that Mastercard has withdrawn its services because it no longer wants to be associated with the company.

The Irish operation of Banners Broker is run by its agent Paul McCarthy of Maconne Online Marketing, Dublin Hill, Cork. He and the international operation have rejected accusations that Banners Broker is a pyramid scheme.

However, in an address to investors, the company said Mastercard had pulled out of its contract to supply prepaid cards.