MasterCard was founded in 1966 and processes transactions, charging a 2-3% fee per transaction and 1% more for international transactions. It had an initial public offering in 2006 and has since focused on developing new technology through MasterCard Labs and mobile wallets. While it is smaller than competitor Visa in some metrics like market cap and transactions, MasterCard sees itself as more of a technology company and believes it can grow faster than Visa in the future.

1. Brendan Driscoll

2. What Do They Do?
• Transaction processing
• Doesn’t distribute cards
• Not a bank

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

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

5. What’s Hot
• MasterCard Labs
• Mobile wallets

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

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

8. Competition

9. 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%

10. Buy or Sell?