MasterCard Worldwide (NYSE: MA) is an American multinational corporation with its headquarters in the MasterCard International Global Headquarters in Purchase, New York. Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the "MasterCard" brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006. Prior to its initial public offering, MasterCard Worldwide was a membership organization owned by the 25,000+ financial institutions that issue its card.
MasterCard, originally known as MasterCharge, was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc. The original banks behind MasterCharge were United California Bank (later First Interstate Bank and subsequently merged into Wells Fargo Bank), Wells Fargo, Crocker National Bank (also subsequently merged into Wells Fargo), and the Bank of California (subsequently merged into the Union Bank of California).
MasterCard Incorporated (MasterCard), incorporated in May 2001, is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks. The Company provides a variety of services in support of the credit, debit, prepaid and related payment programs of approximately 22,000 financial institutions and other entities that are its customers. The Company offers a range of payment solutions, which enable its customers to develop and implement credit, debit, prepaid and related payment programs for their customers, which include cardholders, businesses and government entities. MasterCard manages a family of payment card brands, including MasterCard MasterCard, Maestro and Cirrus, which the Company license to its customers. MasterCard generates revenue by charging fees to its customers for providing transaction processing and other payment-related services
In October 22, 2010, the Company acquired DataCash Group PLC. In December 2010, the Company purchased the prepaid Card Program Management (CPM) operations of Travelex.
Payment Services and Solutions
MasterCard provides transaction processing and other payment-related services, as well as a range of payment solutions to enable its customers to design, package and implement products and programs targeted to the specific needs of their customers, which include cardholders, businesses and governments. The Company work with customers to provide customized solutions, as well as more general solutions. It operates the MasterCard Worldwide Network, global payments network that links issuers and acquirers around the globe to facilitate the processing of transactions and, through them, permits MasterCard cardholders to use their cards at millions of merchants worldwide. The Company process transactions through its network for financial institutions and other entities that are its customers, in more than 150 currencies in more than 210 countries and territories.
MasterCard Integrated Processing Solutions (IPS) is a debit and prepaid issuer processing platform designed to provide medium to large global issuing customers with a processing solution to help create differentiated products and services and allow quick deployment of payments portfolios across banking channels. Through a single processing platform, IPS can, among other things, authorize debit and prepaid transactions, assist issuers in managing risk using fraud detection tools, manage an issuer’s card base, and manage and monitor an issuer’s automated teller machines (ATMs).
MasterCard Programs and Solutions
The Company’s principal payment programs and solutions, which are facilitated through its brands, include consumer credit and charge, debit and prepaid programs, commercial payment solutions and emerging payments solutions. MasterCard offers a number of consumer credit and charge programs. The Company offers a number of consumer credit and charge programs. Its consumer credit programs include Standard (general purpose cards targeted to consumers with basic credit card needs), Gold and Platinum (cards featuring higher credit lines and spending limits and a varying level of enhanced services) and World and World Elite MasterCard (cards offered to affluent consumers, which feature a range of services). MasterCard makes available to customers outside of the United States a variety of consumer card programs in selected markets throughout the world. All MasterCard credit cards include services, such as lost/stolen card reporting, emergency card replacement and emergency cash advance, which are generally arranged by MasterCard and are provided through third-party service providers.
MasterCard supports a range of payment solutions that allow its customers to provide consumers with convenient access to funds on deposit in demand deposit and other accounts. Its debit and deposit access programs may be branded with the MasterCard, Maestro and/or Cirrus logos, and can be used to obtain cash in bank branches or at ATMs. In addition, MasterCard and Maestro-branded debit cards may be used to make purchases or obtain cash back at the point of sale. Debit programs it offers include Maestro and Gold Maestro, as well as Standard, Gold, Platinum, Premium and World Debit MasterCard programs.
MasterCard-branded debit programs issue cards, which include functionality for signature authenticated transactions, as well as PIN-based functionality, giving consumers a choice at the point of sale. Maestro is its global PIN-based debit program, and is the only personal identification number (PIN)-based solution that operates globally. As of December 31, 2010, the Maestro brand mark appeared on approximately 666 million cards worldwide. As of December 31, 2010, Maestro was accepted for purchases at more than 13.1 million merchant locations globally. Cirrus is its primary global cash access brand. Prepaid programs involve a balance that is funded with monetary value prior to use. Holders access funds through a traditional magnetic stripe or chip-enabled payment card, which may leverage the PayPass functionality or other payment devices, such as mobile devices. MasterCard customers may implement prepaid payment programs using any of its brands. MasterCard provides processing services (including transaction switching) in support of either magnetic stripe or chip-enabled prepaid card programs. MasterCard has capabilities to provide and customize programs to meet commercial and consumer needs in all prepaid segments, including programs such as gift, employee benefit, general purpose, payroll, travel, incentive and government disbursement programs.
MasterCard offers commercial payment solutions that help large corporations, mid-sized companies, small businesses and public sector organizations to streamline their payment processes, manage information and reduce administrative costs. The Company offers various corporate payment programs and value-added services, including corporate cards, corporate premium cards, corporate purchasing cards and fleet cards, as well as the MasterCard Corporate Multi Card, which combines the functionality of one or more of these cards that allow corporations to manage travel and entertainment expenses and provide corporations with additional transactional detail. The Company also offers public sector entities a variety of payment programs that are similar to the travel, purchasing, fleet and Multi Card programs offered to corporations. The MasterCard BusinessCard, the Debit MasterCard BusinessCard, the World MasterCard for Business, the World Elite MasterCard for business, small business controller and professional debit and credit cards are targeted at the small-business segment.
The Company is focused on E-Commerce, which involves the secure purchase and sale of goods over the Internet. MasterCard works with customers and technology companies to develop products and solutions in the area of mobile commerce and wireless payments. It focuses on contactless payment solutions, including MasterCard PayPass, mobile payments gateways, such as the MasterCard Mobile Payments Gateway, and person-to-person transfers, including MasterCard’s money transfer solution, MasterCard MoneySend.
The Company competes with Visa, American Express and Discover, JCB, Visa Inc., First Data Corporation, FIS, Interac, EFTPOS, Total System Services, Inc, Bankserv and eBay.
Hogg's strategy was to concentrate on developing and expanding MasterCard's line of products and services. In 1981, the company introduced MasterCard Travelers Cheques and during the same year brought out the Gold MasterCard card, which was the first attempt by the company at market segmentation. In 1983, MasterCard started its Emergency Card Replacement program and also included a laser hologram on all its cards in order to combat user fraud. Keeping pace with Visa, especially its vast, state-of-the-art, highly sophisticated electronic communications network, was also not an easy task. In 1984, Hogg supervised the launching of Banknet, MasterCard's global packet-switching network that enables its international card acceptance locations to authorize transactions. At the same time, Hogg decided to incorporate INET into Banknet and adapt INAS on the system to more efficiently transmit authorizations from member to member. Like Visa, MasterCard also implemented an automated point-of-sale program to improve its authorization system worldwide.
Since affinity cards had been such a huge success in Japan, in 1985 the Card Program Development Group was formed and immediately introduced the MasterCard BusinessCard for the international market. There were now over 120 million MasterCard cardholders throughout the world. In 1986, a MasterCard office was opened in Hong Kong, the first in the Pacific Rim region, and one year later MasterCard arranged to become the first credit card issued in the People's Republic of China. During this time, the company opened a regional office for Latin America in Miami, and both cardholders and members were offered the full range of Banknet services at locations around the world.
In 1988, Hogg purchased Cirrus, the largest automated teller machine (ATM) network in the world, for $34 million. MasterCard also acquired a 15 percent interest in Eurocard International. Yet just at the time when the 20th million MasterCard card was issued in the Pacific Rim area, and the first MasterCard card was issued in the Soviet Union, the board of directors at Interbank began to show their displeasure with Hogg's aggressive management style. Representing over 28,000 member banks, the ICA board of 25 directors criticized Hogg for spending too much money on unsuccessful projects such as travel vouchers and "smart cards," and accused his management team of providing unreliable data on MasterCard's market share of charge-card billings. Disagreement and competing interests within the board of directors itself prompted Hogg suddenly to resign in July of 1988.
The board of directors decided to appoint Alex W. Hart as the new chief executive officer and president. A longtime executive vice president at First Interstate Bancorp., with extensive experience in credit card management, Hart began a program to solve some of MasterCard's management problems by establishing regional boards of directors in Europe, Asia, and South America. In 1989, Hart supervised the launching of the MasterCard ATM Network. MasterCard also handled a local settlement in Venezuela, the first time the company processed this function outside the United States mainland. At approximately the same time, the company offered the MasterCard Card Processing Service, which helped members outside the United States begin to issue cards and acquire programs quickly and inexpensively through the use of a microcomputer.
In 1990, the MasterCard ATM Network was combined with CIRRUS to create the MasterCard/CIRRUS ATM Network. This network provided cash access for cardholders of MasterCard at over 50,000 locations worldwide. In addition, Hart negotiated with organizers of the 1990 World Soccer Cup to become the official card for that event; his effort was well repaid since MasterCard was enormously successful in heightening brand recognition by capitalizing on the sporting event with the largest worldwide audience in 1990. At the same time MasterCom, developed two years earlier to send images of sales slips from one bank to another electronically, was implemented as a global service. Also during the same year, Banknet started to process currency transactions in India.
In 1991 MasterCard introduced Maestro, a worldwide debit system for cardholders of participating institutions including Eurocard International, Eurocheque International, and other ATM networks in the United States. Created in order to compete with Visa's Interlink system, both systems are highly sophisticated on-line, point-of-sale debit systems which process authorization, data accumulation, and debiting on an individual's bank account. Both Visa's and MasterCard's debit programs make use of a bank's proprietary debit card. Carrying either one or the other association's mark, the card can be used instead of cash and checks at locations where their mark is displayed. Ordinary retail transactions, such as day-to-day purchases at supermarkets, gas stations, and convenience stores, are the primary market for use of a debit transaction.
MasterCard processed its first Maestro debit transaction in August 1992. Interlink, on the other hand, surpassed 120 million transactions for holders of its debit card by the same time. By the beginning of 1993, Visa's Interlink debit program was far ahead of MasterCard's program: Interlink counted more than 16 million debit cardholders while MasterCard reported only 800,000. Both Visa and MasterCard recognize that banks will only need one debit brand and will not agree to using both, so competition is growing more and more intense between the two companies.
With its aggressive advertising campaign starting in 1991, MasterCard is determined to create a higher profile for itself and, in turn, a larger share of credit card billings around the world. Sponsorship of the World Cup in 1994 includes sponsoring 269 matches between 1991 and 1994, and this will certainly contribute to an increased recognition of MasterCard's name and services. Its foray into the credit card market for taxi cab fares is also helping it to become more competitive with Visa and American Express. Indeed, MasterCard is slowly but surely taking over some of Visa's market share.
Chief executive officer and president Alex Hart has revamped ICA's management structure and improved MasterCard's marketing strategy, advertising, program development, and electronic communications network in order for it to more readily compete with the other major credit cards such as Visa, American Express, Discover, Diners Club, and Carte Blanche. Yet the credit card market is saturated in the United States, and new cardholders will be more and more difficult to sign. Even though MasterCard has prepared well for the future, it will have to work diligently to overcome Visa's lead in credit card billings.
OVERALL
Beta: 1.10
Market Cap (Mil.): $33,919.04
Shares Outstanding (Mil.): 120.67
Annual Dividend: 0.60
Yield (%): 0.21
FINANCIALS
MA Industry Sector
P/E (TTM): 18.90 23.92 25.17
EPS (TTM): 24.96 -- --
ROI: 38.48 2.05 4.73
ROE: 43.28 15.62 9.37
Statistics:
Private Company
Incorporated: 1966
Billings: $200 billion
SICs: 6153 Payment Cards, Travelers Cheques, and Travel
Name Age Since Current Position
Haythornthwaite, Richard 54 2006 Independent Chairman of the Board
Banga, Ajaypal 51 2010 President, Chief Executive Officer, Director
Hund-Mejean, Martina 50 2007 Chief Financial Officer
McWilton, Chris 52 2009 President, U.S. Markets
Flood, Gary 52 2007 President - Global Products and Solutions
Macnee, Walter 56 2009 President - International Markets
Reeg, Robert 55 2008 President - MasterCard Technologies
Hanft, Noah 58 2009 Chief Franchise Integrity Officer, General Counsel, Corporate Secretary
Voquer, Stephanie 59 2008 Chief Human Resources Officer
Barzi, Silvio 63 2008 Independent Director
Carlucci, David 56 2006 Independent Director
Olivie, Marc 57 2006 Independent Director
Schwartz, Mark 56 2006 Independent Director
Tian, Suning 48 2006 Independent Director
Freiberg, Steven 54 2006 Independent Director
Karch, Nancy 63 2007 Independent Director
Reyes Lagunes, Jose 59 2008 Independent Director
Tai, Jackson 60 2008 Independent Director
Qureshi, Rima 46 2011 Independent Director
Address:
888 7th Avenue
New York, New York 10106
U.S.A.
MasterCard, originally known as MasterCharge, was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc. The original banks behind MasterCharge were United California Bank (later First Interstate Bank and subsequently merged into Wells Fargo Bank), Wells Fargo, Crocker National Bank (also subsequently merged into Wells Fargo), and the Bank of California (subsequently merged into the Union Bank of California).
MasterCard Incorporated (MasterCard), incorporated in May 2001, is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks. The Company provides a variety of services in support of the credit, debit, prepaid and related payment programs of approximately 22,000 financial institutions and other entities that are its customers. The Company offers a range of payment solutions, which enable its customers to develop and implement credit, debit, prepaid and related payment programs for their customers, which include cardholders, businesses and government entities. MasterCard manages a family of payment card brands, including MasterCard MasterCard, Maestro and Cirrus, which the Company license to its customers. MasterCard generates revenue by charging fees to its customers for providing transaction processing and other payment-related services
In October 22, 2010, the Company acquired DataCash Group PLC. In December 2010, the Company purchased the prepaid Card Program Management (CPM) operations of Travelex.
Payment Services and Solutions
MasterCard provides transaction processing and other payment-related services, as well as a range of payment solutions to enable its customers to design, package and implement products and programs targeted to the specific needs of their customers, which include cardholders, businesses and governments. The Company work with customers to provide customized solutions, as well as more general solutions. It operates the MasterCard Worldwide Network, global payments network that links issuers and acquirers around the globe to facilitate the processing of transactions and, through them, permits MasterCard cardholders to use their cards at millions of merchants worldwide. The Company process transactions through its network for financial institutions and other entities that are its customers, in more than 150 currencies in more than 210 countries and territories.
MasterCard Integrated Processing Solutions (IPS) is a debit and prepaid issuer processing platform designed to provide medium to large global issuing customers with a processing solution to help create differentiated products and services and allow quick deployment of payments portfolios across banking channels. Through a single processing platform, IPS can, among other things, authorize debit and prepaid transactions, assist issuers in managing risk using fraud detection tools, manage an issuer’s card base, and manage and monitor an issuer’s automated teller machines (ATMs).
MasterCard Programs and Solutions
The Company’s principal payment programs and solutions, which are facilitated through its brands, include consumer credit and charge, debit and prepaid programs, commercial payment solutions and emerging payments solutions. MasterCard offers a number of consumer credit and charge programs. The Company offers a number of consumer credit and charge programs. Its consumer credit programs include Standard (general purpose cards targeted to consumers with basic credit card needs), Gold and Platinum (cards featuring higher credit lines and spending limits and a varying level of enhanced services) and World and World Elite MasterCard (cards offered to affluent consumers, which feature a range of services). MasterCard makes available to customers outside of the United States a variety of consumer card programs in selected markets throughout the world. All MasterCard credit cards include services, such as lost/stolen card reporting, emergency card replacement and emergency cash advance, which are generally arranged by MasterCard and are provided through third-party service providers.
MasterCard supports a range of payment solutions that allow its customers to provide consumers with convenient access to funds on deposit in demand deposit and other accounts. Its debit and deposit access programs may be branded with the MasterCard, Maestro and/or Cirrus logos, and can be used to obtain cash in bank branches or at ATMs. In addition, MasterCard and Maestro-branded debit cards may be used to make purchases or obtain cash back at the point of sale. Debit programs it offers include Maestro and Gold Maestro, as well as Standard, Gold, Platinum, Premium and World Debit MasterCard programs.
MasterCard-branded debit programs issue cards, which include functionality for signature authenticated transactions, as well as PIN-based functionality, giving consumers a choice at the point of sale. Maestro is its global PIN-based debit program, and is the only personal identification number (PIN)-based solution that operates globally. As of December 31, 2010, the Maestro brand mark appeared on approximately 666 million cards worldwide. As of December 31, 2010, Maestro was accepted for purchases at more than 13.1 million merchant locations globally. Cirrus is its primary global cash access brand. Prepaid programs involve a balance that is funded with monetary value prior to use. Holders access funds through a traditional magnetic stripe or chip-enabled payment card, which may leverage the PayPass functionality or other payment devices, such as mobile devices. MasterCard customers may implement prepaid payment programs using any of its brands. MasterCard provides processing services (including transaction switching) in support of either magnetic stripe or chip-enabled prepaid card programs. MasterCard has capabilities to provide and customize programs to meet commercial and consumer needs in all prepaid segments, including programs such as gift, employee benefit, general purpose, payroll, travel, incentive and government disbursement programs.
MasterCard offers commercial payment solutions that help large corporations, mid-sized companies, small businesses and public sector organizations to streamline their payment processes, manage information and reduce administrative costs. The Company offers various corporate payment programs and value-added services, including corporate cards, corporate premium cards, corporate purchasing cards and fleet cards, as well as the MasterCard Corporate Multi Card, which combines the functionality of one or more of these cards that allow corporations to manage travel and entertainment expenses and provide corporations with additional transactional detail. The Company also offers public sector entities a variety of payment programs that are similar to the travel, purchasing, fleet and Multi Card programs offered to corporations. The MasterCard BusinessCard, the Debit MasterCard BusinessCard, the World MasterCard for Business, the World Elite MasterCard for business, small business controller and professional debit and credit cards are targeted at the small-business segment.
The Company is focused on E-Commerce, which involves the secure purchase and sale of goods over the Internet. MasterCard works with customers and technology companies to develop products and solutions in the area of mobile commerce and wireless payments. It focuses on contactless payment solutions, including MasterCard PayPass, mobile payments gateways, such as the MasterCard Mobile Payments Gateway, and person-to-person transfers, including MasterCard’s money transfer solution, MasterCard MoneySend.
The Company competes with Visa, American Express and Discover, JCB, Visa Inc., First Data Corporation, FIS, Interac, EFTPOS, Total System Services, Inc, Bankserv and eBay.
Hogg's strategy was to concentrate on developing and expanding MasterCard's line of products and services. In 1981, the company introduced MasterCard Travelers Cheques and during the same year brought out the Gold MasterCard card, which was the first attempt by the company at market segmentation. In 1983, MasterCard started its Emergency Card Replacement program and also included a laser hologram on all its cards in order to combat user fraud. Keeping pace with Visa, especially its vast, state-of-the-art, highly sophisticated electronic communications network, was also not an easy task. In 1984, Hogg supervised the launching of Banknet, MasterCard's global packet-switching network that enables its international card acceptance locations to authorize transactions. At the same time, Hogg decided to incorporate INET into Banknet and adapt INAS on the system to more efficiently transmit authorizations from member to member. Like Visa, MasterCard also implemented an automated point-of-sale program to improve its authorization system worldwide.
Since affinity cards had been such a huge success in Japan, in 1985 the Card Program Development Group was formed and immediately introduced the MasterCard BusinessCard for the international market. There were now over 120 million MasterCard cardholders throughout the world. In 1986, a MasterCard office was opened in Hong Kong, the first in the Pacific Rim region, and one year later MasterCard arranged to become the first credit card issued in the People's Republic of China. During this time, the company opened a regional office for Latin America in Miami, and both cardholders and members were offered the full range of Banknet services at locations around the world.
In 1988, Hogg purchased Cirrus, the largest automated teller machine (ATM) network in the world, for $34 million. MasterCard also acquired a 15 percent interest in Eurocard International. Yet just at the time when the 20th million MasterCard card was issued in the Pacific Rim area, and the first MasterCard card was issued in the Soviet Union, the board of directors at Interbank began to show their displeasure with Hogg's aggressive management style. Representing over 28,000 member banks, the ICA board of 25 directors criticized Hogg for spending too much money on unsuccessful projects such as travel vouchers and "smart cards," and accused his management team of providing unreliable data on MasterCard's market share of charge-card billings. Disagreement and competing interests within the board of directors itself prompted Hogg suddenly to resign in July of 1988.
The board of directors decided to appoint Alex W. Hart as the new chief executive officer and president. A longtime executive vice president at First Interstate Bancorp., with extensive experience in credit card management, Hart began a program to solve some of MasterCard's management problems by establishing regional boards of directors in Europe, Asia, and South America. In 1989, Hart supervised the launching of the MasterCard ATM Network. MasterCard also handled a local settlement in Venezuela, the first time the company processed this function outside the United States mainland. At approximately the same time, the company offered the MasterCard Card Processing Service, which helped members outside the United States begin to issue cards and acquire programs quickly and inexpensively through the use of a microcomputer.
In 1990, the MasterCard ATM Network was combined with CIRRUS to create the MasterCard/CIRRUS ATM Network. This network provided cash access for cardholders of MasterCard at over 50,000 locations worldwide. In addition, Hart negotiated with organizers of the 1990 World Soccer Cup to become the official card for that event; his effort was well repaid since MasterCard was enormously successful in heightening brand recognition by capitalizing on the sporting event with the largest worldwide audience in 1990. At the same time MasterCom, developed two years earlier to send images of sales slips from one bank to another electronically, was implemented as a global service. Also during the same year, Banknet started to process currency transactions in India.
In 1991 MasterCard introduced Maestro, a worldwide debit system for cardholders of participating institutions including Eurocard International, Eurocheque International, and other ATM networks in the United States. Created in order to compete with Visa's Interlink system, both systems are highly sophisticated on-line, point-of-sale debit systems which process authorization, data accumulation, and debiting on an individual's bank account. Both Visa's and MasterCard's debit programs make use of a bank's proprietary debit card. Carrying either one or the other association's mark, the card can be used instead of cash and checks at locations where their mark is displayed. Ordinary retail transactions, such as day-to-day purchases at supermarkets, gas stations, and convenience stores, are the primary market for use of a debit transaction.
MasterCard processed its first Maestro debit transaction in August 1992. Interlink, on the other hand, surpassed 120 million transactions for holders of its debit card by the same time. By the beginning of 1993, Visa's Interlink debit program was far ahead of MasterCard's program: Interlink counted more than 16 million debit cardholders while MasterCard reported only 800,000. Both Visa and MasterCard recognize that banks will only need one debit brand and will not agree to using both, so competition is growing more and more intense between the two companies.
With its aggressive advertising campaign starting in 1991, MasterCard is determined to create a higher profile for itself and, in turn, a larger share of credit card billings around the world. Sponsorship of the World Cup in 1994 includes sponsoring 269 matches between 1991 and 1994, and this will certainly contribute to an increased recognition of MasterCard's name and services. Its foray into the credit card market for taxi cab fares is also helping it to become more competitive with Visa and American Express. Indeed, MasterCard is slowly but surely taking over some of Visa's market share.
Chief executive officer and president Alex Hart has revamped ICA's management structure and improved MasterCard's marketing strategy, advertising, program development, and electronic communications network in order for it to more readily compete with the other major credit cards such as Visa, American Express, Discover, Diners Club, and Carte Blanche. Yet the credit card market is saturated in the United States, and new cardholders will be more and more difficult to sign. Even though MasterCard has prepared well for the future, it will have to work diligently to overcome Visa's lead in credit card billings.
OVERALL
Beta: 1.10
Market Cap (Mil.): $33,919.04
Shares Outstanding (Mil.): 120.67
Annual Dividend: 0.60
Yield (%): 0.21
FINANCIALS
MA Industry Sector
P/E (TTM): 18.90 23.92 25.17
EPS (TTM): 24.96 -- --
ROI: 38.48 2.05 4.73
ROE: 43.28 15.62 9.37
Statistics:
Private Company
Incorporated: 1966
Billings: $200 billion
SICs: 6153 Payment Cards, Travelers Cheques, and Travel
Name Age Since Current Position
Haythornthwaite, Richard 54 2006 Independent Chairman of the Board
Banga, Ajaypal 51 2010 President, Chief Executive Officer, Director
Hund-Mejean, Martina 50 2007 Chief Financial Officer
McWilton, Chris 52 2009 President, U.S. Markets
Flood, Gary 52 2007 President - Global Products and Solutions
Macnee, Walter 56 2009 President - International Markets
Reeg, Robert 55 2008 President - MasterCard Technologies
Hanft, Noah 58 2009 Chief Franchise Integrity Officer, General Counsel, Corporate Secretary
Voquer, Stephanie 59 2008 Chief Human Resources Officer
Barzi, Silvio 63 2008 Independent Director
Carlucci, David 56 2006 Independent Director
Olivie, Marc 57 2006 Independent Director
Schwartz, Mark 56 2006 Independent Director
Tian, Suning 48 2006 Independent Director
Freiberg, Steven 54 2006 Independent Director
Karch, Nancy 63 2007 Independent Director
Reyes Lagunes, Jose 59 2008 Independent Director
Tai, Jackson 60 2008 Independent Director
Qureshi, Rima 46 2011 Independent Director
Address:
888 7th Avenue
New York, New York 10106
U.S.A.
Last edited: