MasterCard International has developed an application with which users of Apple's iPhone can find the location of any ATM no matter where they are in the world, the card brand announced.

"MasterCard is focused on delivering innovative applications and services that help make life easier not only for MasterCard cardholders, but for all consumers," said Cheryl Guerin, Senior Vice President, Global Digital Marketing, MasterCard Worldwide.

"With MasterCard ATM Hunter for iPhone and iPod touch, users will no longer be detoured and slowed down looking for the nearest ATM and can instead spend time doing things they enjoy," she added.

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