This post is part of our live coverage of FinovateFall 2014.

MasterCard is our next presenting company, introducing MasterCard Pay with Rewards.

“MasterCard Pay with Rewards is an innovative solution that gives cardholders the freedom to redeem rewards points at the point of sale, either online or in stores. Cardholders configure Pay with Rewards on their existing card to redeem points at millions of eligible locations worldwide. While providing the ultimate in flexibility for consumers, this also serves as a cost-effective way to execute POS rewards programs for issues. The Pay with Rewards solution provides ubiquity and scale by leveraging the existing MasterCard network, without modification to POS systems or card processes.”