Brendan Driscoll

What Do They Do?

• Transaction processing• Doesn’t distribute cards• Not a bank

Financials

• 2-3% transaction fee• 1% additional international fee

Timeline

• 1966: founded• 1997: “Priceless” advertising campaign begins• 2006: IPO• 2010: MasterCard Labs established• 2013: MasterPass introduced

What’s Hot

• MasterCard Labs• Mobile wallets

Secret Sauce

• Consider themselves a Technology Company• Vision: the next Google or Amazon• Ex: new technology center opened in Manhattan• CEO Ajay Banga:

Story

• https://www.youtube.com/watch?v=zgq4FvrIOe0

Competition

Comparison (2013)

Visa• Market Cap: $133 Billion• $2.3 Trillion transactions• 254 Million US credit cards• Accepted in 170 countries• 7% increase in global payments• Projected growth by 2018: 37%

MasterCard• Market Cap: $88 Billion• $1.1 Trillion transactions• 178 Million US credit cards• Accepted in 210 countries• 11% increase in global payments• Projected growth by 2018: 48%

Buy or Sell?