Mastercard

In: Business and Management

Submitted By dioneth
Words 8789
Pages 36
MasterCard Incorporated

Company Profile
Publication Date: 17 Jun 2011

www.datamonitor.com
Europe, Middle East & Africa 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7551 9090 e: euroinfo@datamonitor.com Americas 245 5th Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Asia Pacific Level 46 2 Park Street Sydney, NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8088 7405 e: apinfo@datamonitor.com

MasterCard Incorporated

ABOUT DATAMONITOR
Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and pricing, competitors and products. Our experts then interpret this data to produce detailed forecasts and actionable recommendations, helping you create new business opportunities and ideas. Our series of company, industry and country profiles complements our premium products, providing top-level information on 10,000 companies, 2,500 industries and 50 countries. While they do not contain the highly detailed breakdowns found in premium reports, profiles give you the most important qualitative and quantitative summary information you need - including predictions and…...

Similar Documents

Comparison of Visa and Master Card

...Comparison chart | Mastercard | Visa | Website: | MasterCard.com | Visa.com | Products: | Payment systems | Payment systems | Type: | Public | Public | Industry: | Financial services | Financial services | Key people: | Richard N. Haythornthwaite, (Chairman), Ajay Banga, (President & CEO) | Joseph Saunders (Chairman and CEO) John Partridge (President) Byron Pollitt (CFO) | Introduction: | MasterCard Worldwide (NYSE:MA) is an American multinational corporation with its headquarters in the MasterCard International Global Headquarters in Harrison, New York, United States. | Visa Inc. (NYSE: V) is an American global payments technology company headquartered in Foster City, California. Visa connects consumers, businesses, financial institutions and governments in more than 200 countries and territories. | Revenue: | US$6.714 Billion (FY 2011) | US$9.188 Billion (FY 2011) | Net income: | US$1.906 Billion (FY 2011) | US$3.528 Billion (FY 2011) | Headquarters: | New York | San Francisco | Employees: | 6,700 | 7,500 | Operating income: | US$2.713 Billion (FY 2011) | US$5.456 Billion (FY 2011) | Founded: | 1966 | 1970 | Total assets: | US$10.693 Billion (FY 2011) | US$34.760 Billion (FY 2011) | Total equity: | US$5.877 Billion (FY 2011) | US$26.437 Billion (FY 2011) | Summary VISA (Visa International Service Association) and MasterCard are bothpayment processing institutions that are owned by thousands of participating financial......

Words: 378 - Pages: 2

Mastercard

...Большинству из нас приходилось обращаться за банковской картой в банк или получать ее на работе, в качестве зарплатной. В таких ситуациях, часто человеку предлагают выбрать, карту какой платежной системы он хотел бы иметь Visa или MasterCard. Давайте попробуем разобраться что лучше Visa или MasterCard? С точки зрения платежного функционала (возможности оплачивать покупки в магазине и в интернете) для держателя стандартной карты Visa Classic или MasterCard Standard разницы практически нет. Обе платежные системы распространены по всему миру, у них высочайший, качественный сервис, платежи проходят одинаково быстро и надежно. Отличие для недорогих продуктов типа Visa Electron и Maestro (часто на такие карты перечисляют зарплату) состоит в том, что при оплате покупок в магазине по картам Maestro вы должны обязательно ввести ПИН-код, а по картам Visa Electron ПИН-код вводить не требуется, что, на мой взгляд удобнее и безопаснее. Также карту Maestro вы не сможете использовать в интернете, да и по картам Visa Electron некоторые банки запрещают операции в интернете. Если говорить о премиальных продуктах, категорийGold или Platinum, то здесь есть один существенный момент, который вы должны учесть. Не секрет, что сейчас получить премиальный карточный продукт намного проще, чем раньше, когда для его открытия требовалось иметь солидный депозит в банке. Поэтому, обладателем премиального продукта может оказаться самый обычный человек. И различие, о котором мы поговорим, может......

Words: 1402 - Pages: 6

Human Resources Operations

...C A S E S T U D Y MasterCard Best Practice Case Study - Harvard University A T - A - G L A N C E Harvard’s GE MasterCard Corporate Purchasing CardTM delivers a range of benefits such as expense reduction with improved efficiency, tighter cost control and saved manhours: • Ease of use and improved productivity for employee • Reduced bank fees • Reduced check costs and related invoice processing costs • No rework- 100% first pass yield • Improved employee satisfaction • Decreased cycle time -from 22 days to 2 days • Enhanced supplier relationships -reimbursement within 48 hours • Enhanced data capture and more accurate accounting information • Accelerated purchasing process • More efficient A/P team -- 30% reduction in check issuance • Fewer vendor records added to the ERP system • Less activity in the customer service group regarding: problem resolution - 20% reduction in supplier calls www.mastercard.com/gov GE Capital's implementation of the MasterCard Corporate Purchasing CardTM solution at Harvard University has resulted in direct cost savings for the organization, greater employee productivity, enhanced efficiency, improved supplier relations, reduced rework and improved cycle times. The GE Capital MasterCard Corporate Purchasing Card has helped the university more effectively manage and control its payment processes. Harvard University, founded in 1636, is the oldest educational institution in the United States. The university......

Words: 2233 - Pages: 9

Global Payment Industry Analysis

...Global Payment Industry Analysis This essay will focus on the global cards payments industry where Visa and MasterCard operate. Introduction VISA and MasterCard belong to the non-cash business of the global payments industry, an economic sector that is strongly affected by technology and innovation due to the fundamental shift from paper based payments (cash/checks) towards paper-less payments (credit cards, mobile payments, etc). This shift is considered almost irreversible as consumers appreciate more and more the convenience, practicality and security of the electronic money. Similarly for corporations the use of paper-less money brings uncontestable benefits in terms of management, efficiency and security of money flows. The global volume of non-cash transactions is approximately 260 billion (2009 data) and is growing globally at an average rate of around 7%, with Asia-Pacific and Emerging Markets growing a higher rate than USA and Europe. USA represents without any doubt the largest non-cash payments market in the world (40%) followed by the Europe (21%) and mature Asia-Pacific (all together 83%). In terms of future trends, non-cash payments are expected to grow at a very high rate in (37%) in CEMEA (Central Europe, Middle East, Africa) followed by Asia (23%, excluding China and India), BRICs and other mature economies in Asia-Pacific (14%), while Europe and North America will progress with much lower rates. For what concerns cards sub sector,......

Words: 2224 - Pages: 9

Week 3 You Decide

...MasterCard Inc. Stock Evaluation Carlos Davila Devry University Abstract MasterCard Inc. has enjoyed a healthy introduction and life in the New York Stock Exchange since its initial public offering in 2006. This survey examines the likelihood of future success, as well as the healthy measurements in equity returns, CAPM measurements and stock prices. MasterCard stockholders have continually been encouraged to purchase stocks with great incentives like stock splits, and increasing dividends. By comparison to competition from Visa, American Express and Discover, MasterCard has remained a top contender with annual revenues in the tens of billions of dollars, and is projected to exceed all credit processing firms in 2014. MasterCard Inc. Stock Evaluation MasterCard Worldwide (NYSE symbol MA) is an American and multinational financial service provider in New York. The Global Operations Headquarters is located in O'Fallon, Missouri. Across the globe, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers (buyers) who use the "MasterCard" brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006 on the New York Stock Exchange. Prior to its initial public offering, MasterCard Worldwide was a cooperative unit owned over 25,000 financial institutions that issued its branded cards to their members. MasterCard was originally known as......

Words: 1677 - Pages: 7

All About Payment Card

...time and money, enable them to attract and retain more customers, and help them grow their businesses. The Origin of Payment Cards Although the first payment card can be traced back to the local “Charg-It” card introduced by John Biggins in his Brooklyn neighborhood in 1946, the Franklin National Bank in New York formalized the practice by introducing the first bank-issued credit card in 1951. Over the next decade, several banks emerged in major cities to work with customer merchants to accept payment cards. However, this system limited consumers’ use of payment cards to an area restricted by the regional banks’ merchant customers. The concept of a wider payment network was born in the mid-1960s when the InterBank Card Association (now MasterCard Worldwide) brought consistency to credit cards. InterBank developed payment network systems to process the exchange of funds between merchants and cardholders, standardized the billing process, and established rules and procedures to reduce fraud and other abuses. The first debit transaction, using an automatic teller machine (ATM) card and personal identification number (PIN) to make a purchase at the point of sale (POS), occurred in the 1980s, and the first debit transaction authorized by a signature rather than a PIN was processed in 1988. Prepaid cards, in the form of gift cards, have been around since the 1970s but have more recently emerged as a widespread form of payment. “Closed-loop” cards are limited to specific merchants,......

Words: 1258 - Pages: 6

Visa Mastercard

...USA V. VISA U.S.A. INC., VISA INTERNATIONAL CORP., AND MASTERCARD INTERNATIONAL INCORPORATED In 1998 USA filed a complaint against Visa and MasterCard re their dual governance and exclusionary rules of combinations and conspiracy in restraint of trade. (DOJ, 1998) Essay Plan My motivation for choosing the abovementioned case comes from my interest in the financial services market, its regulations and their implications on consumers. This case is attention-grabbing, not solely due to the remedy, but also due to the implications it has on domestic and international markets. It also gives the opportunity to analyse the controversy of vertical exclusionary restraints (Whinston, 2006). When analysing the Visa-MasterCard case, there are two main ‘economic-schools-of-thought’ to be considered. Chicago School(CS) dismisses vertical exclusionary contracts as an anti-competitive tool. While, Post-Chicago School(PCS) offers an opposing explanation by suggesting different models to rationalise anti-competitive behaviour using vertical restrictions. Both schools build their models under the assumption of first-mover advantage and the monopoly power of an incumbent firm. (Motta, 2004) Using the CS in this case, we could assume that Visa and MasterCard are the combined incumbent on the market, due to their cooperative actions. The banks are the buyers and AmericanExpress is the potential new entrant. It could be assumed that AmericanExpress is a new entrant for the market of......

Words: 751 - Pages: 4

Myths and Facts

...bank to a cardholder’s issuing bank as part of an electronic payment card transaction. Interchange facilitates the global electronic payments system and serves as a critical tool to balance the benefits and costs of that system among its participants. This fee allows merchants to enjoy all the benefits they seek from card acceptance, including security, guaranteed payment, fraud protection and speed of service. Each merchant is able to negotiate its own card acceptance costs with its acquiring bank, and similarly, the merchant’s bank and card-issuing bank are also able to bilaterally negotiate their fees. To overcome the inefficiency of thousands of separate negotiations, however, MasterCard sets “default” interchange rates that may be used in the absence of separately negotiated arrangements. MasterCard publicly discloses all of its interchange rates on its website, and merchants are free to disclose these fees to their customers. For further information, please visit www.mastercardmerchant.com. Myth: Reducing and capping interchange will benefit consumers, so enacting the Durbin Amendment is a positive development. FACT: For more than four decades, interchange has been set to balance the costs, risks and rewards of electronic payments for cardholders, merchants and issuing banks. Even prior to the price caps enacted by the Durbin Amendment’s implementation, consumers saw the unintended negative impact as banks anticipated regulations by limiting cardholder benefits and......

Words: 1760 - Pages: 8

Mastercard

...US IPO market was essentially unchanged from the prior two years. However, total gross proceeds for the year increased 29% from 2005 to reach $40.4 billion in 2006, due largely to the return of super-sized IPOs, which more than offset an increase in the number of venture-backed and technology-related IPOs (which tend to be smaller). US IPOs – 1996 to 2006 US issuers Foreign issuers 866 98 768 619 537 57 97 522 353 43 480 446 107 205 34 The number of US-issuer IPOs inched up from 158 in 2005 to 163 in 2006, while gross proceeds increased from $26.2 billion to $29.4 billion. Billion-dollar offerings by US issuers increased from just one in 2005 to four in 2006, led by the $2.4 billion MasterCard IPO (dwarfed, however, by a $21.9 billion IPO on the Hong Kong exchange). Median deal size by US issuers decreased from $102.6 million to $100.8 million, however, as the spike in very large offerings was coupled with an increase in smaller tech company deals. The number of foreign-based issuer IPOs increased from 32 in 2005 to 35 in 2006, and gross proceeds more than doubled from $5.2 billion to $10.9 billion. Following the absence of a single billion-dollar foreign issuer offering in 2005—for the first time in over 10 years—2006 saw two billion-dollar foreign offerings on US exchanges. Median deal size by foreign issuers increased 77%, from $113.1 million to $200.0 million. The energy-related industry sector......

Words: 14661 - Pages: 59

Stats

...Married | 32 | 2 | Promotional | 1 | 102.40 | Proprietary Card | Female | Married | 36 | 3 | Regular | 1 | 22.50 | Proprietary Card | Female | Married | 32 | 4 | Promotional | 5 | 100.40 | Proprietary Card | Female | Married | 28 | 5 | Regular | 2 | 54.00 | MasterCard | Female | Married | 34 | 6 | Regular | 1 | 44.50 | MasterCard | Female | Married | 44 | 7 | Promotional | 2 | 78.00 | Proprietary Card | Female | Married | 30 | 8 | Regular | 1 | 22.50 | Visa | Female | Married | 40 | 9 | Promotional | 2 | 56.52 | Proprietary Card | Female | Married | 46 | 10 | Regular | 1 | 44.50 | Proprietary Card | Female | Married | 36 | 11 | Regular | 1 | 29.50 | Proprietary Card | Female | Married | 48 | 12 | Promotional | 1 | 31.60 | Proprietary Card | Female | Married | 40 | 13 | Promotional | 9 | 160.40 | Visa | Female | Married | 40 | 14 | Promotional | 2 | 64.50 | Visa | Female | Married | 46 | 15 | Regular | 1 | 49.50 | Visa | Male | Single | 24 | 16 | Promotional | 2 | 71.40 | Proprietary Card | Male | Single | 36 | 17 | Promotional | 3 | 94.00 | Proprietary Card | Female | Single | 22 | 18 | Regular | 3 | 54.50 | Discover | Female | Married | 40 | 19 | Promotional | 2 | 38.50 | MasterCard | Female | Married | 32 | 20 | Promotional | 6 | 44.80 | Proprietary Card | Female | Married | 56 | 21 | Promotional | 1 | 31.60 | Proprietary Card | Female | Single | 28 | 22 | Promotional | 4 | 70.82 | Proprietary Card | Female | Married | 38 | 23 |......

Words: 1179 - Pages: 5

Swot Analysis Mastercard

...movements in exchange rates on the company’s results of operations. The company may incur losses in future due to fluctuations in currency transactions, which may affect its results of operations. Forward exchange contracts minimize the risk associated with anticipated receipts and disbursements which are either transacted in a non-functional currency or valued based on a currency other than our functional currencies. Also enter into contracts to offset possible changes in value due to foreign exchange fluctuations of assets and liabilities denominated in foreign currencies. Threats - Intense Competition Despite a limited number of players, the consumer payment system market is highly competitive, which may affect the company’s business. MasterCard faces stiff competition from Visa Inc., American Express Company, Discover Financial Services and JCB Co., Ltd. The company competes in the global payment marketplace against all forms of payment. The competition for the company also comes from new market entrants and alternative payment providers such as PayPal. The company should come up with innovative way of serving its customers so as to sustain in the highly competitive financial services market. This highly competitive market may adversely affect MasterCard’s profitability, if it fails to retain and attract clients and prospective customers....

Words: 330 - Pages: 2

Diversity

...SUNY Empire State College Diversity Research Paper: M5 Diversity Audit Angela Politzi Diversity in the Workplace BME-213164 Dr. Robin Churray June 7, 2015 Criteria For the criteria of measuring the effectiveness of the diversity within MasterCard, I will research different aspects that reflect their commitment to having a strong diversity image. I will assess their various diversity programs and analyze how they are benefiting the organization, in terms of capturing market share and retaining and attracting diverse employees. I will also look at their hiring practices, and search for statistics on how many diverse employees hold executive positions. I will also research their supplier diversity commitment and see how their business shows their dedication to this commitment. A strong diversity image should be visible just from the company’s website, as in this day and age, a website is a common place for one to find out more about a company. There should be bountiful information about how MasterCard embraces diversity, and it should be easily found, not buried deep into the contents of the website. They should have a prideful and excited attitude about how diversity can shape their organization. Their diversity programs should show a lot of initiative. A strong organization would have multiple resources for diverse employees to use, being sure not to leave out any one diverse group. Everybody should have a home, and should have others that they will be able to......

Words: 2059 - Pages: 9

Mastercard

...VIDEO CASE 7 MASTERCARD: GOING UPSCALE Check, cash, or credit card? How many times have you heard that question and replied “credit card” without even thinking about it? When you do think about it, however, credit cards are a relatively new phenomenon. Yet when it comes time to pay, it seems we’re more likely to use the credit card (and to have several of them) than checks or cash. Indeed, some writers have even suggested that, in the not so distant future, we will all operate with “plastic money” all the time. MasterCard had its beginnings in 1966, when a group of banks joined together to form the Interbank Card Association (ICA). The ICA was founded by an association of banks rather than by a single dominant bank. Member committees ran the association by establishing rules for authorization, clearing, and settlement as well as marketing, security, and legal matters. In 1968, ICA went “global” by forming an association with Banco Nacional in Mexico and later with Eurocard in Europe. Since then, MasterCard has expanded around the world—even into the communist world of the 1980s when it entered the People’s Republic of China in 1987 and Russia in 1988. By 1993, China was the second largest country in terms of MasterCard sales volume. Today, MasterCard is affiliated with more than 23,000 financial institutions around the world and has nearly 370 million credit and debit cards in use . These cards are accepted at more than 13 million locations worldwide. ......

Words: 1912 - Pages: 8

Cacapopo

...Pat.: ______________________ Apellido Mat.: _________________________ R.F.C.: __________________________ Tel. Celular: __________________ Nombre 5: ___________________________ Apellido Pat.: ______________________ Apellido Mat.: _________________________ R.F.C.: __________________________ Tel. Celular: __________________ C. Datos de las tarjetas y documentos a registrar Por favor marque el número de identificación del titular de cada tarjeta o documento y complete todos los datos que se solicitan. Titulares 1 2 3 4 5 Nombre de la Tarjeta Visa, Mastercard, otros... Visa Visa Visa Visa Visa Visa Visa Visa Visa Visa Visa Visa Tipo de la Tarjeta Otros: Otros: Otros: Otros: Otros: Otros: Otros: Otros: Otros: Otros: Otros: Otros: Número de la Tarjeta Complete los 19 digitos x Banco ABC x Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard Mastercard 0 1 0 1 2 3 2 3 4 5 4 5 6 7 6 7 8 9 8 Titulares 1 2 3 4 5 Pasaporte, licencia de conducir, números de pólizas de seguro, etc. Tipo de Documento que desea registrar Número de Documento En caso de necesitar más espacios para registrar sus tarjetas/documentos, puede hacerlo fotocopiando esta hoja y enviándola por fax al número (55) 8000 3148, por teléfono al (55) 8000 3149 o por correo. Muy importante: Imprescindible firmar al reverso de esta hoja. Cómo completar este formulario Llene el formulario con tinta negra y letras......

Words: 834 - Pages: 4

Mastercard

...Mastercard Incorporated (NYSE: MA) July 11, 2012 Analyst Rating1 About Mastercard Incorporated MasterCard Incorporated (MasterCard) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks. The Company offers a range of payment solutions that enable its customers and partners to develop and implement credit, debit, prepaid and related payment programs for their customers. Its customers and partners include financial institutions and other entities that act as issuers and acquirers, merchants, Government entities, telecommunications companies and other businesses. MasterCard manages a family of payment brands, including MasterCard, Maestro and Cirrus, which the Company license to its customers for use in their payment programs and solutions. On April 15, 2011, MasterCard acquired the prepaid card program management operations of Travelex Holdings Ltd., since renamed Access Prepaid Worldwide. Overview Key Data Sector Services Last Trade $420.25 Industry Business Services Price Range (52 week) 291.67 - 466.98 Employees 6700 Avg Volume (13 Week) 908,702 IPO Year N/A Shares Outstanding 121,000,000 Mkt Cap $53,110,000,000 Enterprise Value $49,330,000,000 Book Value per Share $50.37 Dividend......

Words: 3522 - Pages: 15