Mastercard Announces Launch of Crescent City Card Program in Partnership With New Orleans and MoCaFi

Originally published at mastercard.com. Mastercard ranked No. 5 on The DiversityInc Top 50 Companies for Diversity list in 2021.

 

New Orleans Mayor LaToya Cantrell was joined by executives from Mastercard, Mobility Capital Finance, Inc. (MoCaFi), and Forward Together New Orleans to announce the Crescent City Card Program. The program involves a series of initiatives and products to offer financial inclusion, access to emergency disbursements, incentives to drive economic growth, empower underbanked residents, and provide better access to City services such as NORD recreation centers, parks, libraries, and public transportation.

“This series of initiatives will address racial and wealth gaps that we know are prevalent right here in our city,” said Mayor LaToya Cantrell.  “My administration continues to identify innovative ways to serve and empower our residents and will make sure that the unbanked are banked and have access to financial education and other resources so that they can attend to basic needs and continue to invest in themselves. We are strategically focused and being intentional in meeting our people where they are as we invest in their future.”

As part of this transformative partnership, Forward Together New Orleans Mayor’s Fund launched the Hurricane Ida Emergency Relief Program in September, working in tandem with the City of New Orleans to distribute $190,000 to residents to aid in recovery efforts. These funds are being distributed through an Immediate Response Card furnished by MoCaFi, which acts as a prepaid bank card for quick and easy use.

Latest News

Melanie Willingham-Jaggers

People on the Move: Melanie Willingham-Jaggers, New Executive Director of LGBTQ Advocacy Group GLSEN

The nationwide LGBTQ+ advocacy group Gay, Lesbian and Straight Education Network (GLSEN) has announced the appointment of its new Executive Director, Melanie Willingham-Jaggers. They will be the first Black, nonbinary individual to lead the group in its 32-year history. Founded in 1990 by a group of educators focused on helping…

Walmart interior

Black Corrections Officer Wrongly Accused of Shoplifting in Walmart Claims Store Employees Racially Profiled Him 

Despite Walmart’s ongoing commitment to diversity as an organization, employees at one store in Georgia have been accused of racially profiling one of their customers. Monique Beals of The Hill reported that “David Conners, a Clayton County corrections officer, was stopped and handcuffed by a Fayetteville police officer while he…

Walgreens exterior

Walgreens Planning Virtual Summit To Promote Supplier Diversity

National pharmaceutical giant Walgreens (No. 39 on the DiversityInc Top 50 list) has announced an upcoming supplier diversity summit designed to help the country’s numerous diverse businesses and entrepreneurs promote their businesses and offerings.  Business news site Retail Info Systems (RIS) reported that the virtual event, scheduled for April 5th…

Shane Brown

Las Vegas Police Sued for Jailing Black Man Using an Arrest Warrant Meant for a White Man With a Similar Name

In a case combining mistaken identity, incredibly poor judgment and racial profiling, Las Vegas police are accused of “confusing” a 23-year-old Black man for a white man twice his age simply because they share a similar name. And now that wrongfully detained man is filing suit against the police department…

Olivia Munn

AAPI Forum With Actress Olivia Munn To Discuss Anti-Asian Discrimination Hit with Racist ‘Zoom Bomb’

An online gathering of Asian American women and their allies to talk about anti-Asian discrimination felt the damage firsthand when a racist internet troll attacked their meeting. Leah Asmelash of CNN reported that the “virtual gathering of high-profile Asian American creators, including actress Olivia Munn, became the subject of their…