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0 | MA | 2015 | MasterCard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks. As the operator of what we believe is the world’s fastest payments network, we... | [-0.013684581965208054, 0.011728725396096706, -0.021379753947257996, -0.04340077191591263, -0.013479377143085003, 0.007650284096598625, -0.00530646275728941, -0.007919615134596825, 0.0021257915068417788, -0.03514128923416138, 0.01383848488330841, 0.0024271856527775526, -0.0026163586881011724, -0.036244262009859085, 0.0... |
1 | MA | 2015 | including authorization, clearing and settlement, and deliver related products and services. We make payments easier and more efficient by creating a wide range of payment solutions and services using our family of well-known brands, including MasterCard®, Maestro® and Cirrus®. We also provide value-added offerings suc... | [0.001321310643106699, -0.006189774721860886, -0.02296323888003826, -0.030397571623325348, -0.01055067777633667, 0.018196286633610725, -0.017879370599985123, 0.005242326762527227, 0.0041166129522025585, -0.032827265560626984, 0.004704228602349758, -0.0008451105677522719, -0.02442897856235504, -0.030159883201122284, 0.0... |
2 | MA | 2015 | A typical transaction on our network involves four participants in addition to us: cardholder (an individual who holds a card or uses another device enabled for payment), merchant, issuer (the cardholder’s financial institution) and acquirer (the merchant’s financial institution). We do not issue cards, extend credit, ... | [-0.013305673375725746, -0.00023383733059745282, 0.0028044013306498528, -0.035042665898799896, -0.032328832894563675, 0.020986076444387436, -0.005546226166188717, 0.018180029466748238, -0.00784507766366005, -0.03372527286410332, 0.02474064938724041, 0.009873863309621811, 0.0001709523785393685, -0.02892995998263359, 0.0... |
3 | MA | 2015 | We generate revenue by charging fees to issuers and acquirers for providing transaction processing and other payment-related products and services, as well as by assessing these customers based primarily on the dollar volume of activity, or gross dollar volume (“GDV”), on the cards and other devices that carry our bran... | [-0.0068121072836220264, 0.006334994919598103, -0.007666933815926313, -0.03562440723180771, -0.02561829425394535, 0.005148839671164751, -0.010960335843265057, 0.012312155216932297, -0.01200733333826065, -0.035253316164016724, 0.031701479107141495, 0.035094279795885086, 0.0096482764929533, -0.025459257885813713, 0.00211... |
4 | MA | 2015 | Our ability to grow our business is influenced by personal consumption expenditure growth, driving cash and check transactions toward electronic forms of payment, increasing our share in electronic payments and providing value-added products and services. We achieve our strategy by growing, diversifying and building ou... | [-0.015641583129763603, -0.01731140911579132, 0.009810233488678932, -0.03310953825712204, -0.022633982822299004, 0.003760372055694461, -0.011864903382956982, 0.005570438224822283, -0.009184048511087894, -0.02539963461458683, 0.007435948122292757, 0.007651199586689472, -0.0003471332311164588, -0.009738483466207981, 0.00... |
5 | MA | 2015 | Grow. We focus on growing our core businesses globally, including growing our credit, debit, prepaid and commercial products and solutions and increasing the number of payment transactions we process. | [-0.009442402049899101, -0.006280618254095316, 0.017246095463633537, -0.014074399136006832, -0.02769947424530983, -0.006677079945802689, -0.018184388056397438, 0.0042883967980742455, 0.0023606005124747753, -0.035390835255384445, 0.018395833671092987, 0.004380904603749514, -0.010479810647666454, -0.031822677701711655, 0... |
6 | MA | 2015 | Diversify. We look to diversify our business by focusing on: | [-0.026712873950600624, -0.01441462803632021, 0.011207792907953262, -0.019305536523461342, -0.018260249868035316, 0.021680014207959175, -0.011749792844057083, 0.01793763041496277, 0.019679773598909378, -0.02384801395237446, 0.012375674210488796, 0.03159087523818016, 0.004432788584381342, 0.010614173486828804, -0.003884... |
7 | MA | 2015 | •broadening financial inclusion for the unbanked and underbanked. | [-0.022001266479492188, -0.01783495768904686, 0.014076078310608864, -0.008989764377474785, -0.022947557270526886, -0.004636168945580721, -0.013392645865678787, -0.012919500470161438, -0.013760648667812347, -0.02702186442911625, 0.01061948761343956, 0.027994442731142044, 0.002211298095062375, -0.021528121083974838, -0.0... |
8 | MA | 2015 | Build. We build our business by: | [-0.018178081139922142, -0.009503674693405628, -0.005505417939275503, -0.014031740836799145, -0.009352300316095352, 0.008154468610882759, -0.011122721247375011, 0.008128142915666103, 0.04546494409441948, -0.02977466955780983, 0.002033680910244584, 0.02382500097155571, -0.005706153344362974, 0.003396049840375781, -0.008... |
9 | MA | 2015 | •using our safety and security products and solutions, data analytics and loyalty solutions to add value. | [0.0071650040335953236, -0.01564740017056465, -0.005924907047301531, -0.031805627048015594, -0.0315905436873436, 0.020258275792002678, -0.03258530795574188, -0.004930140916258097, 0.016238883137702942, -0.018430057913064957, -0.0011628008214756846, 0.022462893277406693, -0.0069768051616847515, -0.00439579039812088, -0.... |
10 | MA | 2015 | We grow, diversify and build our business through a combination of organic growth and strategic investments, including acquisitions. | [-0.004382976796478033, -0.02454211749136448, 0.0022457570303231478, -0.02597225084900856, -0.033480454236269, 0.016625305637717247, -0.007725276052951813, 0.0038179464172571898, 0.012468978762626648, -0.008184961974620819, -0.0034380671568214893, 0.012826512567698956, -0.0006248854915611446, -0.0046575115993618965, 0.... |
11 | MA | 2015 | Strategic Partners. We work with a variety of stakeholders. We provide financial institutions with solutions to help them increase revenue and increase preference for their MasterCard-branded products. We help merchants by delivering data-driven insights and other services to help them grow and create better and secure... | [-0.003996339626610279, -0.0038676385302096605, -0.010461104102432728, -0.02306062914431095, -0.017714576795697212, 0.02419584058225155, -0.004742147400975227, 0.004161341581493616, -0.0066033657640218735, -0.035376351326704025, 0.008857288397848606, 0.004323042929172516, -0.009933099150657654, -0.03701316937804222, 0.... |
12 | MA | 2015 | Product Innovation. We have launched and extended products and platforms that take advantage of the growing digital economy (including the Internet of Things), where consumers are increasingly using technology to interact with merchants. Among our recent developments: | [-0.004903735127300024, -0.010068735107779503, -0.0015072956448420882, 0.0024619163013994694, -0.014309260062873363, 0.015407910570502281, -0.023848766461014748, 0.007884831167757511, 0.002711457433179021, -0.02315206080675125, 0.018717262893915176, 0.016640543937683105, -0.021169129759073257, -0.020124072209000587, -0... |
13 | MA | 2015 | •In 2015, we expanded the availability of MasterPass™, our global digital payments ecosystem. It provides an easy and secure way to shop by storing payment information in one convenient and secure place and enabling consumers to access that information to make a payment with a simple click or touch. | [-0.01482032798230648, 0.009301843121647835, -0.006992689799517393, -0.050227344036102295, -0.029953761026263237, 0.017899198457598686, -0.008714769966900349, -0.021721694618463516, 0.00262062787078321, -0.025165855884552002, 0.023235037922859192, -0.01750781759619713, -0.0036202825140208006, -0.038172781467437744, 0.0... |
14 | MA | 2015 | •We are using our digital technologies and security protocols to develop solutions to make shopping and selling experiences on mobile devices (such as smartphones) simpler, faster and safer for both consumers and merchants. In 2015, we continued to enhance the suite of digital token services we offer through our Master... | [-0.022649846971035004, 0.0028787574265152216, -0.02718524821102619, -0.040628500282764435, -0.026465557515621185, 0.017679916694760323, -0.022065946832299232, -0.014964107424020767, -0.0029636265244334936, -0.020870991051197052, 0.018657607957720757, 0.01549369003623724, -0.013857414945960045, -0.017082437872886658, -... |
15 | MA | 2015 | •In 2015, we launched MasterCard Send™, a service that facilitates the delivery of funds via financial institutions from business to consumer and from consumers to consumers quickly and securely. | [-0.00442539481446147, -0.008007857017219067, -0.008936399593949318, -0.019637688994407654, -0.0060915034264326096, 0.0073888287879526615, -0.0174513328820467, 0.002882762812077999, -0.016792792826890945, -0.014738145284354687, 0.0209416002035141, 0.012775693088769913, -0.019703542813658714, -0.04075051099061966, 0.000... |
16 | MA | 2015 | Safety and Security. Our focus on security is embedded in our products, our systems and our network, as well as our analytics to prevent fraud: | [-0.0020839995704591274, -0.018057014793157578, -0.008614296093583107, -0.02236739918589592, -0.010685351677238941, 0.012601077556610107, -0.01897604577243328, 0.002765182638540864, 0.011254891753196716, -0.020490504801273346, 0.007792346179485321, 0.01316414587199688, -0.002226384589448571, -0.00187042192555964, -0.00... |
17 | MA | 2015 | •We continue to lead the migration to EMV®, the global standard for chip technology, to bring its fraud prevention benefits to our U.S. customers, consumers and merchants. In October 2015, we implemented a new liability hierarchy, making the issuer or merchant with the lowest level of security responsible for the finan... | [-0.00917910598218441, -0.014564975164830685, -0.021358437836170197, -0.04615325853228569, -0.023724256083369255, 0.028971347957849503, -0.01788240484893322, 0.003181958105415106, -0.01930982619524002, -0.0233541838824749, 0.014247770421206951, 0.006145837716758251, 0.0003110091492999345, -0.026235459372401237, -0.0038... |
18 | MA | 2015 | •In 2015, we worked with customers to extend to consumers globally the benefit of “zero liability”, or no responsibility for counterfeit or lost card losses, in the event of fraud. | [-0.011762130074203014, -0.0008576553082093596, -0.011670032516121864, -0.04210158437490463, -0.0304183941334486, 0.011571357026696205, -0.0008642337052151561, -0.0001870724663604051, -0.015011846087872982, -0.012775199487805367, 0.02207701839506626, 0.01082800142467022, -0.010656963102519512, -0.02812912128865719, -0.... |
19 | MA | 2015 | •In 2015, we launched MasterCard Identity Check™, a suite of technology solutions that leverage biometrics to help authenticate a consumer’s identity. | [-0.007162260357290506, 0.004549796227365732, -0.011069540865719318, -0.04646989330649376, -0.019634246826171875, 0.008943040855228901, -0.016372743993997574, -0.012445895001292229, -0.016451019793748856, -0.0027217241004109383, 0.032014910131692886, -0.011063017882406712, -0.0015312755713239312, -0.03368480131030083, ... |
20 | MA | 2015 | Financial Inclusion. We are focused on addressing financial inclusion, reaching people without access to an electronic account that allows them to store and use money. In 2015, we worked with governments across several geographies to develop and roll out electronic payments solutions and social payment distribution mec... | [-0.012355949729681015, 0.0045165871270000935, -0.0036676544696092606, -0.009344891645014286, -0.020759057253599167, -0.0011448984732851386, -0.015240994282066822, -0.00714297266677022, -0.010220353491604328, -0.015307317487895489, 0.01154681108891964, 0.008827573619782925, 0.0003595942980609834, -0.008648501709103584,... |
21 | MA | 2015 | Acquisitions and Investments. In 2015, we acquired two new businesses focused on expanding our footprint and enhancing critical capabilities, including in the area of data analytics with the acquisition of Applied Predictive Technologies. | [-0.014174183830618858, -0.008804777637124062, 0.018671635538339615, -0.03435371071100235, -0.01619344763457775, 0.035297781229019165, -0.0011710746912285686, 0.003763173706829548, 0.014029950834810734, -0.006955971010029316, 0.015262488275766373, 0.018842091783881187, 0.009952086955308914, -0.011617323383688927, 0.019... |
22 | MA | 2015 | Legal and Regulatory. We operate in a dynamic and rapidly evolving legal and regulatory environment, with heightened regulatory and legislative scrutiny and other legal challenges, particularly with respect to interchange fees (as discussed below under “Our Operations and Network”). Recent developments include: | [0.0010443433420732617, -0.0007625692524015903, 0.00619985768571496, -0.027725577354431152, -0.021502548828721046, 0.009645693935453892, -0.009632453322410583, 0.026136718690395355, -0.010049528442323208, -0.04483228549361229, 0.004190613981336355, -0.0017378138145431876, 0.006871812045574188, -0.026057276874780655, 0.... |
23 | MA | 2015 | •European Union - In 2015, the European Commission issued a statement of objections related to our interchange fees and central acquiring rules within the European Economic Area. The statement of objections preliminarily concludes that these practices have anticompetitive effects, and the European Commission has indica... | [-0.006809167098253965, -0.006782927550375462, 0.019653433933854103, -0.03883455693721771, -0.02639700286090374, 0.003460342762991786, -0.006815727334469557, 0.005392230581492186, -0.023864885792136192, -0.03529221564531326, 0.020007668063044548, -0.006855086423456669, 0.02126716822385788, -0.01576997898519039, -0.0035... |
24 | MA | 2015 | Øthe separation of brand and processing in terms of accounting, organization and decision making. | [-0.003609238425269723, -0.02571500651538372, 0.00693130400031805, -0.0386899895966053, -0.016760440543293953, 0.013138149864971638, 0.012048198841512203, 0.03451293334364891, -0.019854074344038963, -0.0330248586833477, -0.002124425023794174, 0.0006979437894187868, -0.019240569323301315, -0.01077550183981657, -0.013705... |
25 | MA | 2015 | •Russia - Effective in 2015, the Russian government amended its National Payments Systems laws to require all payment systems to process domestic transactions through a government-owned payment switch. As a result, all MasterCard domestic transactions in Russia are now processed by that system instead of MasterCard. | [-0.008821617811918259, 0.0018101116875186563, -0.02452133037149906, -0.022702982649207115, -0.01635194569826126, -0.005016924347728491, -0.006805624347180128, -0.020871460437774658, -0.01560088898986578, -0.029567901045084, 0.015021126717329025, 0.00204234616830945, -0.0016775238327682018, -0.03399518132209778, 0.0081... |
26 | MA | 2015 | •China - In 2015, People’s Bank of China shared preliminary regulations related to international networks’ ability to process domestic payments in China. The regulations, which could require a capital commitment and on-soil provisions for switching, data processing and acceptance, are expected to be finalized in 2016. ... | [0.013948490843176842, -0.023309361189603806, 0.017820125445723534, -0.009765270166099072, -0.02519214153289795, 0.0010764668695628643, -0.03513640910387039, 0.003334644017741084, -0.012271224521100521, -0.018827810883522034, 0.032776303589344025, 0.013762865215539932, 0.0043357000686228275, -0.02057800255715847, 0.015... |
27 | MA | 2015 | •Data Privacy - In 2015, the European Court of Justice invalidated the EU-U.S. Safe Harbor treaty that had permitted the transfer of personal data between the European Union and the United States. We have adopted an alternative method of data transfer compliance as a result of this ruling. The situation has not yet bee... | [-0.00792437233030796, -0.024205120280385017, 0.018389185890555382, -0.04005386307835579, -0.013527528382837772, 0.0327291376888752, -0.01836339384317398, -0.003128805197775364, 0.0043490552343428135, -0.03628833591938019, 0.015100796706974506, -0.00020280411990825087, 0.01597769930958748, -0.016609586775302887, 0.0129... |
28 | MA | 2015 | Capital Structure. In 2015, we completed several key capital structure efforts as part of our capital planning, including entering into a $3.75 billion credit facility (replacing our previous facility), launching a commercial paper program and completing a euro-denominated bond issuance of 1.65 billion euros. | [-0.019046589732170105, -0.005687342956662178, 0.0064993565902113914, -0.019085567444562912, 0.0008761626668274403, 0.0034884102642536163, -0.009503806941211224, 0.011582561768591404, 0.002585451118648052, -0.005898466799408197, 0.02122928388416767, 0.02256748080253601, -0.022047793492674828, 0.004725919105112553, 0.00... |
29 | MA | 2015 | See Part I, Item 1A for a more detailed discussion of our legal and regulatory developments and risks. | [0.015954500064253807, -0.01594148576259613, 0.009538864716887474, -0.03695822134613991, -0.025506379082798958, 0.02171946130692959, -0.027640584856271744, 0.027588531374931335, 0.007437191437929869, -0.016214769333600998, 0.015590122900903225, 0.014939450658857822, -0.001625868957489729, -0.006721451412886381, 0.01216... |
30 | MA | 2015 | We operate the MasterCard Network, our unique and proprietary global payments network that links issuers and acquirers around the globe to facilitate the processing of transactions, permitting MasterCard cardholders to use their cards and other payment devices at millions of merchants worldwide. Our network facilitates... | [-0.003930468112230301, 0.007105076685547829, -0.012264637276530266, -0.044115886092185974, -0.011784831061959267, 0.020782841369509697, -0.011561359278857708, 0.00802525319159031, 0.005419182125478983, -0.0303921140730381, 0.00905059278011322, 0.002875551348552108, -0.006365648936480284, -0.0401722751557827, 0.0072233... |
31 | MA | 2015 | Typical Transaction. With a typical transaction involving four participants in addition to us, our network supports what is often referred to as a “four-party” payments network. The following diagram depicts a typical transaction on our network, and our role in that transaction: | [-0.0009666456026025116, -0.008296291343867779, 0.015453233383595943, -0.028706345707178116, -0.01606874354183674, -4.4019820052199066e-05, -0.01836053654551506, 0.02218455821275711, -0.00463269604369998, -0.03355185315012932, 0.015256794169545174, 0.01625208742916584, -0.014575804583728313, -0.01985347643494606, 0.027... |
32 | MA | 2015 | In a typical transaction, a cardholder purchases goods or services from a merchant using a card or other payment device. After the transaction is authorized by the issuer, the issuer pays the acquirer an amount equal to the value of the transaction, minus the interchange fee (described below), and then posts the transa... | [-0.009403041563928127, 0.0064430697821080685, -0.004446579143404961, -0.028209123760461807, -0.041532307863235474, 0.00831043440848589, -0.01971989870071411, -0.022474592551589012, -0.011925970204174519, -0.029586471617221832, 0.034963421523571014, 0.015031622722744942, -0.011647852137684822, -0.01884581334888935, 0.0... |
33 | MA | 2015 | Interchange Fees. Interchange fees reflect the value merchants receive from accepting our products and play a key role in balancing the costs consumers and merchants pay. We do not earn revenues from interchange fees. Generally, interchange fees are collected from acquirers and paid to issuers to reimburse the issuers ... | [0.0037206155247986317, 0.012845775112509727, 0.0004197340167593211, -0.039668817073106766, -0.03442401438951492, -0.004652433563023806, -0.013171911239624023, 0.006556004285812378, -0.005248131230473518, -0.0339980386197567, 0.030989600345492363, 0.006279787048697472, 0.0009268259746022522, -0.037086352705955505, -0.0... |
34 | MA | 2015 | Additional Four-Party System Fees. The “merchant discount rate” is established by the acquirer to cover its costs of both participating in the four-party system and providing services to merchants. The rate takes into consideration the amount of the interchange fee which the acquirer generally pays to the issuer. Addit... | [-0.014430604875087738, 0.00886148028075695, -0.0012586952652782202, -0.05116426199674606, -0.02726813592016697, 0.0020842731464654207, -0.003147982759401202, -0.013375192880630493, -0.019316036254167557, -0.02647159807384014, 0.02405543439090252, 0.023989055305719376, -0.009445607662200928, -0.024759043008089066, -0.0... |
35 | MA | 2015 | Our Network Architecture and Information Security. The MasterCard Network features a globally integrated structure that provides scale for our issuers, enabling them to expand into regional and global markets. It features an intelligent architecture that enables the network to adapt to the needs of each transaction by ... | [0.00234767934307456, -0.0013257088139653206, 0.008578510954976082, -0.03785821795463562, -0.008028090000152588, 0.013243663124740124, -0.005198792554438114, 0.005145092960447073, 0.0006381022394634783, -0.03804616630077362, 0.020244749262928963, 0.001378569402731955, 0.006430526729673147, -0.027870090678334236, 0.0051... |
36 | MA | 2015 | •a centralized (hub-and-spoke) processing structure for transactions that require value-added processing, such as real-time access to transaction data for fraud scoring or rewards at the point-of-sale, to ensure advanced processing products and services are applied to the transaction. | [-0.02537475898861885, 0.009862667880952358, 0.0061020576395094395, -0.010121315717697144, -0.03953234851360321, 0.013864909298717976, 0.0017033350886777043, -0.0014081016415730119, 0.010250640101730824, -0.037327032536268234, 0.031310055404901505, 0.0027719608042389154, -0.012700991705060005, -0.016430972144007683, -0... |
37 | MA | 2015 | Our network’s architecture enables us to connect all parties regardless of where or how the transaction is occurring. It has 24-hour a day availability and world-class response time. The network incorporates multiple layers of protection, both for continuity | [-0.006112430710345507, -0.0029259882867336273, 0.006244306452572346, -0.01664269156754017, 0.01021375972777605, 0.010042321868240833, 0.003227653680369258, 0.0014465097337961197, 0.0025649790186434984, -0.01519206166267395, 0.0039430782198905945, 0.008842254057526588, 0.005317880772054195, -0.02321009337902069, 0.0006... |
38 | MA | 2015 | purposes and to address information security challenges. We engage in multiple efforts to mitigate such challenges, including regularly testing our systems to address potential vulnerabilities. | [-0.012877115979790688, -0.0335625559091568, -0.0005446801660582423, -0.016768041998147964, -0.01885908469557762, 0.029168719425797462, -0.02248532325029373, 0.0008800906362012029, 0.012579340487718582, -0.00817226991057396, 0.011427943594753742, 0.013102101162075996, 0.013174890540540218, -0.00476440042257309, 0.00402... |
39 | MA | 2015 | Participation Standards. We establish, apply and enforce standards surrounding participation in the MasterCard payments system. We grant licenses that provide issuers, acquirers and other customers that meet specified criteria with certain rights, including access to the network and usage of cards and payment devices c... | [0.0030470071360468864, -0.008772101253271103, 0.0019846537616103888, -0.06208789348602295, -0.02628897689282894, 0.029978178441524506, -0.01568593829870224, 0.015658611431717873, -0.01653308793902397, -0.02075517363846302, 0.018609970808029175, -0.00411619246006012, 0.009393800050020218, -0.034569185227155685, -0.0049... |
40 | MA | 2015 | Customer Risk Management. We guarantee the settlement of many of the transactions between our issuers and acquirers to ensure the integrity of our network. We refer to this as our settlement exposure. We do not, however, guarantee payments to merchants by their acquirer, or the availability of unspent prepaid cardhold... | [0.009107633493840694, -0.016006940975785255, -0.0016673896461725235, -0.03785702958703041, -0.03135549649596214, 0.026061000302433968, -0.004145756363868713, 0.007969179190695286, -0.006847870536148548, -0.019792644307017326, 0.009889463894069195, 0.012385833077132702, -0.009443683549761772, -0.002643819898366928, 0.0... |
41 | MA | 2015 | •Authorization, Clearing and Settlement. Through the MasterCard Network, we enable the routing of a transaction to the issuer for its approval, facilitate the exchange of financial transaction information between issuers and acquirers after a successfully conducted transaction, and help to settle the transaction by fac... | [0.00641928194090724, 0.0006569318939000368, -0.027136053889989853, -0.03217598795890808, -0.03278608247637749, 0.023024531081318855, -0.004214311484247446, -0.0010767880594357848, -0.004960353951901197, -0.025040503591299057, 0.026512693613767624, -0.00047498042113147676, 0.011286795139312744, -0.01901911199092865, 0.... |
42 | MA | 2015 | •Cross-Border and Domestic. The MasterCard Network switches transactions throughout the world when the merchant country and issuer country are different (cross-border transactions), providing cardholders with the ability to use, and merchants to accept, MasterCard cards and other payment devices across country borders.... | [0.005088232457637787, -0.014575839042663574, -0.0032296464778482914, -0.025491079315543175, -0.01298514287918806, 0.019075047224760056, -0.011021730490028858, -0.004908530041575432, 0.0018369550816714764, -0.033863868564367294, 0.015081667341291904, 0.015747230499982834, -0.00876547023653984, -0.039135128259658813, 0.... |
43 | MA | 2015 | Other Processing. We extend our processing capabilities in the payments value chain in various regions and across the globe with an expanded suite of offerings, including: | [-0.01981254853308201, 0.0014424064429476857, 0.00373009848408401, -0.023092053830623627, -0.027753829956054688, 0.03062678501009941, -0.019853204488754272, 0.01187126711010933, 0.006003391928970814, -0.02355281077325344, 0.015543770976364613, 0.00641333032399416, -0.0059424093924462795, -0.037402622401714325, 0.030626... |
44 | MA | 2015 | •Issuer and acquirer solutions designed to provide medium to large customers with a complete processing solution to help them create differentiated products and services and allow quick deployment of payments portfolios across banking channels. | [-0.005379220005124807, 0.002001257846131921, 0.0027382983826100826, 0.00014795373135711998, -0.032503653317689896, 0.027440067380666733, -0.006178379990160465, -0.009462323971092701, -0.005899681709706783, -0.020684141665697098, 0.028716037049889565, -0.0014824754325672984, -0.006964108906686306, -0.013861062005162239... |
45 | MA | 2015 | •Payment gateways that offer a single interface to provide e-commerce merchants with the ability to process secure payments and offer value-added solutions, including outsourced electronic payments, fraud prevention and alternative payment options. | [-0.014118041843175888, -0.012588263489305973, -0.0001041189389070496, -0.010727896355092525, -0.03049185872077942, 0.0011967601021751761, -0.0066182371228933334, -0.011622427962720394, 0.0034484839998185635, -0.03277356177568436, 0.02259664610028267, 0.003788794856518507, 0.001606753678061068, -0.008588799275457859, 0... |
46 | MA | 2015 | •Mobile gateways that facilitate transaction routing and prepaid processing for mobile-initiated transactions for our customers. | [-0.01579887792468071, -0.009303194470703602, -0.003113756189122796, 0.0058169797994196415, -0.02810160629451275, 0.0171893909573555, -0.008588073775172234, -0.007548499386757612, 0.011825982481241226, -0.020923910662531853, 0.032657191157341, 0.023029545322060585, -0.01910962350666523, -0.0163285955786705, 0.008501994... |
47 | MA | 2015 | We provide a wide variety of products and solutions that support payment products that customers can offer to their cardholders. These services facilitate transactions on the MasterCard Network among cardholders, merchants, financial institutions and governments in markets globally. The following chart provides GDV and... | [-0.012638858519494534, -4.531657850748161e-06, -0.018125392496585846, -0.03400328755378723, -0.019645757973194122, 0.011158155277371407, -0.0196060948073864, 0.012883438728749752, -0.01782131940126419, -0.018640995025634766, 0.01722639426589012, 0.0196060948073864, -0.010847472585737705, -0.034109052270650864, -0.0147... |
48 | MA | 2015 | 1 Excludes Maestro and Cirrus cards and volume generated by those cards. | [-0.00892374012619257, 0.0015293669421225786, -0.0001403994974680245, -0.030748777091503143, -0.015882745385169983, 0.01937255449593067, -0.03132583200931549, -0.022573834285140038, -0.023906555026769638, -0.03558504581451416, 0.017929917201399803, 0.017270425334572792, -0.029402315616607666, -0.0265033021569252, -0.00... |
49 | MA | 2015 | Consumer Credit and Charge. We offer a number of programs that enable issuers to provide consumers with cards that allow them to defer payment. These programs are designed to meet the needs of our customers around the world and address standard, premium and affluent consumer segments. | [-0.0050257728435099125, -0.01895890384912491, -0.011521692387759686, -0.03102608025074005, -0.0140628507360816, -0.003944782540202141, -0.004772987216711044, 0.01259270403534174, -0.021233974024653435, -0.02868448942899704, 0.02180606685578823, 0.018027590587735176, -0.023495737463235855, -0.03256940096616745, -0.0093... |
50 | MA | 2015 | Debit. We support a range of payment products and solutions that allow our customers to provide consumers with convenient access to funds in deposit and other accounts. Our debit and deposit access programs can be used to make purchases and to obtain cash in bank branches, at ATMs and, in some cases, at the point of s... | [-0.010950789786875248, -0.005119807086884975, 0.0046358127146959305, -0.04098479822278023, -0.03766597807407379, 0.023468801751732826, -0.013387225568294525, -0.016844330355525017, -0.008277296088635921, -0.0355587899684906, 0.007236872334033251, 0.0017861706437543035, -0.03281944617629051, -0.019623184576630592, -0.0... |
51 | MA | 2015 | Prepaid. Prepaid programs involve a balance that is funded prior to use and can be accessed via a card or other payment device. We offer prepaid payment programs using any of our brands, which we support with processing products and services. Segments on which we focus include government programs such as Social Securit... | [0.0009784548310562968, -0.006842572242021561, -0.004330323543399572, -0.03443102911114693, -0.03495992347598076, 0.006683903746306896, -0.01648828573524952, -0.013301695697009563, -0.012501743622124195, -0.007040907628834248, 0.01796918921172619, 0.015047048218548298, -0.034404587000608444, -0.024606814607977867, 0.00... |
52 | MA | 2015 | We also provide prepaid program management services, primarily outside of the United States, that manage and enable switching and issuer processing for consumer and commercial prepaid travel cards for business partners such as financial institutions, retailers, telecommunications companies, travel agents, foreign excha... | [0.006239974871277809, -0.015151333063840866, -0.01795763522386551, -0.02404245361685753, -0.021290119737386703, 0.01994093507528305, -0.01624417118728161, 0.0030879441183060408, 0.01516482513397932, -0.005727285053580999, 0.005818354897201061, 0.026120197027921677, -0.01187956240028143, -0.030221715569496155, 0.001986... |
53 | MA | 2015 | Commercial. We offer commercial payment products and solutions that help large corporations, mid-sized companies, small businesses and government entities streamline their procurement and payment processes, manage information and expenses (such as travel and entertainment) and reduce administrative costs. Our offerings... | [0.005596553906798363, -0.004966478329151869, -0.01373362634330988, -0.04434115067124367, -0.035499874502420425, 0.00851107481867075, -0.019165080040693283, -0.01613263040781021, 0.01023620180785656, -0.025593873113393784, 0.02330268919467926, 0.020431971177458763, -0.008895184844732285, -0.004754206631332636, -0.00818... |
54 | MA | 2015 | Payment Innovations. The continued adoption of mobile devices has resulted in the ongoing convergence of the physical and digital worlds, where consumers are increasingly seeking to use their payment accounts to pay when, where and how they want. Leveraging our global innovations capability, we are developing platforms... | [-0.0166851244866848, 0.0014882086543366313, 0.005939613562077284, -0.013036079704761505, -0.01232213620096445, 0.016711566597223282, -0.03641112148761749, -0.013829350471496582, -0.008792082779109478, -0.03289428725838661, 0.03894958645105362, 0.023203164339065552, 0.002751657273620367, -0.00271860440261662, 0.0103257... |
55 | MA | 2015 | •Creating Better Shopping and Selling Experiences. We are focused on offering digital solutions, such as our MasterPass digital payments ecosystem and MasterCard Digital Enablement Service (MDES) suite, and other products to make shopping and selling experiences simpler, faster and safer for both consumers and merchant... | [-0.023048046976327896, 0.012398584745824337, -0.018177414312958717, -0.04337822645902634, -0.04170983284711838, 0.017060667276382446, -0.01640138402581215, -0.013488422147929668, -0.0042819855734705925, -0.019697805866599083, 0.012674408033490181, 0.014854082837700844, -0.007810502778738737, -0.013818064704537392, 0.0... |
56 | MA | 2015 | •Engaging with New Partners. We enable consumers to securely use their smartphones to make digital payments through numerous active partnerships with mobile leaders and large digital companies around the world. Through our Open API Services, developers can innovate and create applications using financial and data servi... | [-0.0013086567632853985, -0.0024321824312210083, -0.009409421123564243, -0.03206676244735718, -0.019661273807287216, 0.03307224437594414, -0.011800840497016907, 0.017351379618048668, -0.007316928822547197, -0.03804531320929527, 0.0294579416513443, 0.025191431865096092, 0.007670206483453512, -0.021631477400660515, -0.01... |
57 | MA | 2015 | •Facilitating Money Transfers and Personal Payments. We provide money transfer and global remittance solutions to enable our customers to facilitate consumers sending and receiving money quickly and securely domestically and around the world. We continue to enhance our personal payments platforms, providing financial i... | [-0.010311494581401348, -0.0010478288168087602, 0.011064544320106506, -0.006166419014334679, 0.005324192810803652, 0.007352142129093409, -0.023529496043920517, 0.016870953142642975, 0.0032797290477901697, -0.023925838991999626, 0.005644569173455238, 0.01315855048596859, -9.057031275006011e-05, -0.022115876898169518, -0... |
58 | MA | 2015 | We also focus on developing the future of payments and delivering additional consumer shopping safety and convenience through MasterCard Labs, our global innovation and development arm. Our efforts include incubating various ideas and hosting thought-leadership events to spur the next generation of innovative payment p... | [-0.008024461567401886, 0.009648925624787807, -0.01402649749070406, -0.024882355704903603, -0.002883587032556534, 0.005979202687740326, -0.003607745748013258, 0.009198772720992565, -0.007463401649147272, -0.0074699255637824535, 0.023786330595612526, -0.007078488357365131, -0.007378590293228626, -0.030297234654426575, 0... |
59 | MA | 2015 | We offer products and services to prevent, detect and respond to fraud and to ensure the safety of transactions made on MasterCard products. We work with issuers, merchants and governments to help develop standards for safe and secure transactions for the global payments system. We have worked with our financial instit... | [-0.003244770225137472, -0.00274042715318501, -0.024417385458946228, -0.04136592522263527, -0.01660904474556446, 0.018672119826078415, -0.0042306059040129185, -0.00275511690415442, -0.009597208350896835, -0.011399133130908012, 0.027890661731362343, 0.00482798321172595, -0.0016346265329048038, -0.03324420750141144, -0.0... |
60 | MA | 2015 | •fraud detection and management products and services. | [-0.015717217698693275, -0.017195243388414383, -0.01895039714872837, -0.021880054846405983, -0.01341440062969923, 0.014819844625890255, -0.02587864175438881, 0.004252622369676828, 0.0003876517585013062, 0.00208507152274251, 0.013632145710289478, 0.02177448198199272, 0.0029280080925673246, -0.005928597413003445, -0.0302... |
61 | MA | 2015 | We have been leading the development of industry standards, working with many payments industry associations to ensure that payment security standards are put in place as part of our multi-layered approach to protect the global payments system. These efforts include evolving a roadmap for the migration to EMV and devel... | [-0.0037476387806236744, -0.010505140759050846, -0.0027862454298883677, -0.0432480126619339, -0.016779497265815735, 0.0196653101593256, -0.025280239060521126, 0.0011335954768583179, -0.02486238442361355, -0.030111689120531082, 0.0206446573138237, 0.002053366508334875, 0.005184015724807978, -0.01850314997136593, -0.0074... |
62 | MA | 2015 | MasterCard Advisors. MasterCard Advisors is our global professional services group that provides proprietary analysis, data-driven consulting and marketing services solutions to help clients optimize, streamline and grow their businesses, as well as deliver value to consumers. With analyses based on billions of transac... | [0.005208298563957214, -0.0025244131684303284, -0.026519909501075745, -0.05580852925777435, -0.0078107514418661594, 0.011271640658378601, -0.0036067890468984842, -0.0032793618738651276, -0.013205666095018387, -0.025054121389985085, 0.023724054917693138, -0.008278989233076572, -0.004176817834377289, -0.02928862161934375... |
63 | MA | 2015 | Our information services group provides a suite of data analytics and products (including reports, benchmarks, models and insights) that enable our customers to make better business decisions. Our consulting services group combines professional problem-solving skills with payments expertise to provide solutions that ad... | [-0.014463468454778194, 0.010800816118717194, -0.009156632237136364, -0.031600408256053925, -0.020278263837099075, 0.027403060346841812, 0.011041427962481976, 0.007071326021105051, 0.014035713858902454, -0.041759591549634933, -0.0036960712168365717, 0.009276938624680042, -0.004026913084089756, -0.0014453443000093102, 0... |
64 | MA | 2015 | Loyalty and Rewards Solutions. We provide a scalable rewards platform that enables issuers to provide consumers with a variety of benefits and services, such as personalized offers and rewards, access to a global airline lounge network, global and local concierge services, individual insurance coverages, emergency card... | [-0.013597953133285046, -0.0005607143975794315, -0.00946760829538107, -0.04779398813843727, -0.02987794764339924, 0.009950376115739346, -0.002951922593638301, -0.01031915657222271, 0.004934957250952721, -0.012169765308499336, 0.008897674269974232, 0.011646767146885395, -0.02337399683892727, -0.017513735219836235, -0.00... |
65 | MA | 2015 | We manage and promote our brands through advertising, promotions and sponsorships, as well as digital, mobile and social media initiatives, in order to increase consumer preference for our brands and usage of our products. We sponsor a variety of sporting, entertainment and charity-related marketing properties to align... | [-0.004799888469278812, 0.0010148108704015613, -0.006462366320192814, -0.02172982506453991, -0.032295938581228256, 0.01616068370640278, 0.0027607304509729147, 0.02042018622159958, 0.013554121367633343, -0.006961427163332701, -0.012937447056174278, 0.008881382644176483, -0.018067924305796623, -0.006649911403656006, -0.0... |
66 | MA | 2015 | customers. Our advertising plays an important role in building brand visibility, usage and overall preference among cardholders globally. Our “Priceless®” advertising campaign, which has run in 53 languages in 112 countries worldwide, promotes MasterCard usage benefits and acceptance, markets MasterCard payment product... | [-0.008976968936622143, 0.001254329807125032, -0.0007899468764662743, -0.04153996706008911, -0.00013964541722089052, 0.012500330805778503, -0.011145191267132759, -0.011264179833233356, -0.029932044446468353, -0.025569157674908638, -0.01771596260368824, 0.02297786809504032, -0.012242523953318596, -0.03511462360620499, 0... |
67 | MA | 2015 | We generate revenues by assessing our customers primarily based on GDV on the cards and other devices that carry our brands and from the fees we charge to our customers for providing transaction processing and other payment-related products and services. Our net revenues are classified into five categories: domestic as... | [-0.0017364673549309373, 0.009236740879714489, -0.00105220265686512, -0.024720102548599243, -0.013731910847127438, -0.0015183683717623353, -0.006170036271214485, 0.014024929143488407, -0.02107069082558155, -0.024094108492136, 0.021749960258603096, 0.03217875584959984, -0.01414480060338974, -0.016662094742059708, -0.002... |
68 | MA | 2015 | See “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Revenues” in Part II, Item 7 for more detail about our revenue, GDV and processed transactions. | [-0.008053862489759922, 0.004672396462410688, -0.004977467004209757, -0.02274862863123417, -0.021566882729530334, 0.005863777361810207, -0.022504573687911034, -0.0042420863173902035, -0.007456566672772169, -0.022196291014552116, 0.01464338693767786, 0.03108508326113224, -0.009274144656956196, -0.01829138770699501, -0.0... |
69 | MA | 2015 | We own a number of valuable trademarks that are essential to our business, including MasterCard, Maestro and Cirrus, through one or more affiliates. We also own numerous other trademarks covering various brands, programs and services offered by MasterCard to support our payment programs. Trademark and service mark regi... | [-0.0008978418190963566, -0.00845951959490776, -0.002900593914091587, -0.05452854558825493, -0.011628566309809685, 0.0003151040291413665, -0.013173803687095642, 0.0020739573519676924, -0.006390473339706659, -0.028835700824856758, -0.005012200213968754, 0.008930948562920094, -0.010495828464627266, -0.030695224180817604,... |
70 | MA | 2015 | •other electronic payments, including wire transfers, electronic benefits transfers, bill payments and automated clearing house payments (ACH). | [-0.03734387457370758, -0.013876555487513542, 0.012935771606862545, -0.029164286330342293, -0.014542943798005581, 0.0071604070253670216, -0.012282449752092361, -0.010668745264410973, -0.015496793203055859, -0.007663465104997158, 0.014242415316402912, -0.001439757994376123, -0.013954954221844673, 0.007513200864195824, -... |
71 | MA | 2015 | •Cash and Check. Cash and check continue to represent the most widely used forms of payment, constituting approximately 85% of the world’s retail payment transactions. | [0.005808646325021982, 0.0031487306114286184, -0.0068624550476670265, -0.026865782216191292, -0.006262545939534903, -0.015426240861415863, -0.007687727455049753, -0.01143319346010685, -0.009052600711584091, -0.03217291831970215, 0.02200302481651306, 0.024885129183530807, -0.021799881011247635, -0.00040132825961336493, ... |
72 | MA | 2015 | •General Purpose Payment Networks. We compete worldwide with payment networks such as Visa, American Express and Discover, among others. Among global networks, Visa has significantly greater volume than we do. Outside of the United States, networks such as JCB in Japan and UnionPay in China have leading positions in t... | [-0.01007701363414526, -0.009867778979241848, 0.019978540018200874, -0.012014122679829597, -0.01653629168868065, 0.0050047594122588634, -0.021152954548597336, 0.012749819085001945, -0.011811637319624424, -0.037095289677381516, 0.004674033727496862, 0.017224742099642754, -0.0007799899321980774, -0.03377453237771988, 0.0... |
73 | MA | 2015 | •Debit. We compete with ATM and point-of-sale debit networks in various countries, such as Interlink®, Plus® and Visa Electron® (owned by Visa Inc.), Star® (owned by First Data Corporation), NYCE® (owned by FIS) and Pulse® (owned by Discover) in the United States; Interac in Canada; EFTPOS in Australia; and Bankserv in... | [-0.010862467810511589, 0.003012873698025942, -0.0072214920073747635, -0.036866556853055954, -0.023068469017744064, 0.023579010739922523, 0.0003537271695677191, 0.017210662364959717, -0.014940091408789158, -0.027166245505213737, 0.013112885877490044, 0.004275795072317123, -0.01769433543086052, -0.02990705333650112, -0.... |
74 | MA | 2015 | •Three-Party Payments Networks. Our competitors include operators of proprietary three-party payments networks, such as American Express and Discover, which have direct acquiring relationships with merchants and direct issuing relationships with account holders. These competitors have certain competitive advantages ove... | [-0.01396944746375084, 0.005906298290938139, 0.01366895716637373, -0.027858763933181763, -0.019044389948248863, 0.024720313027501106, -0.010884416289627552, 0.008600692264735699, -0.003786174114793539, -0.02553497441112995, 0.019645368680357933, 0.016319947317242622, -0.0030132471583783627, -0.028847042471170425, 0.000... |
75 | MA | 2015 | •Competition for Customer Business. We compete intensely with other payments networks for customer business. Globally, financial institutions typically issue both MasterCard and Visa-branded payment products, and we compete with Visa for business on the basis of individual portfolios or programs. In addition, a number ... | [-0.010819698683917522, -0.008577239699661732, 0.014226638711988926, -0.02837342768907547, -0.007452682591974735, 0.021745864301919937, -0.012716139666736126, 0.014040322043001652, -0.010327288880944252, -0.04173502326011658, 0.00076148787047714, 0.024753553792834282, 0.006664162501692772, -0.05224863067269325, -0.0164... |
76 | MA | 2015 | •Third-Party Processors. We face competition and potential displacement from transaction processors throughout the world, such as First Data Corporation and Total System Services, Inc., which are seeking to enhance their networks that link issuers directly with point-of-sale devices for payment transaction authorizatio... | [-0.01854700967669487, 0.0003620319184847176, -0.002134895185008645, -0.011749640107154846, -0.021647322922945023, 0.03797198086977005, -0.015131176449358463, 0.0182726439088583, 0.006012002006173134, -0.02668190188705921, 0.0259548369795084, 0.033170610666275024, 0.004293797072023153, -0.021962840110063553, 0.02429493... |
77 | MA | 2015 | •Alternative Payments Systems and New Entrants. As the global payments industry becomes more complex, we may face increasing competition from emerging payment providers. Many of these providers have developed payments systems focused on online activity in e-commerce and mobile channels; however, they either have or may... | [-0.010895727202296257, -0.006582139991223812, 0.007833180017769337, -0.019202634692192078, -0.019456179812550545, 0.036029960960149765, -0.019069191068410873, 0.003055874491110444, -0.005891565699130297, -0.029624635353684425, 0.0223652645945549, 0.013931584544479847, -0.001076728687621653, -0.018001636490225792, 0.01... |
78 | MA | 2015 | •Value-Added Solutions. We face competition from companies that provide alternatives to our value-added solutions, including information services and consulting firms that provide consulting services and insights to financial institutions, as well as companies that compete against us as providers of loyalty and program... | [-0.009729048237204552, -0.01573438197374344, 0.004343204200267792, 0.001640972914174199, -0.025321252644062042, 0.03661426156759262, -0.01710200123488903, 0.0038455806206911802, 0.00178568996489048, -0.020067431032657623, 0.0053553772158920765, 0.03466438874602318, 0.010798769071698189, -0.01589687168598175, -0.009498... |
79 | MA | 2015 | •our ability to serve a broad array of participants in global payments due to our expanded on-soil presence in individual markets and a heightened focus on working with governments. | [-0.012869153171777725, -0.016064578667283058, 0.0015489400830119848, -0.015943488106131554, -0.018271103501319885, 0.01946854591369629, -0.020221993327140808, 0.007998652756214142, -0.021311800926923752, -0.007003025617450476, 0.012727881781756878, 0.01558021828532219, -0.012741335667669773, -0.03038008138537407, 0.00... |
80 | MA | 2015 | General. Government regulation impacts key aspects of our business. We are subject to regulations that affect the payments industry in the many countries in which our cards and payment devices are used. See “Risk Factors” in Part I, Item 1A for more detail and examples. | [0.0030399332754313946, -0.017548779025673866, 0.0008344674133695662, -0.03625001758337021, -0.022197896614670753, 0.01250023115426302, -0.0231277197599411, 0.030932998284697533, -0.00175651500467211, -0.04350525885820389, 0.005382498726248741, 0.0021281170193105936, -0.00016196197248063982, -0.022931277751922607, 0.01... |
81 | MA | 2015 | Interchange Fees. Interchange fees associated with four-party payments systems like ours are being reviewed or challenged in various jurisdictions around the world via legislation to regulate interchange fees, competition-related regulatory proceedings, central bank regulation and litigation. For more detail, see our r... | [-0.003805088810622692, -0.005429696291685104, 0.007663118187338114, -0.0376141294836998, -0.012771863490343094, -0.0028339640703052282, -0.02076585963368416, 0.01113732997328043, -0.0020679831504821777, -0.04261699691414833, 0.014373309910297394, -0.007371946237981319, -0.007524149492383003, -0.02105703018605709, 0.01... |
82 | MA | 2015 | Payments System Regulation. Regulators in several countries around the world either have, or are seeking to establish, authority to regulate certain aspects of the payments systems in their countries. Such authority could result in regulation of various aspects of our business. Additionally, we are or may be subject to... | [0.007815214805305004, -0.018329763785004616, 0.010296030901372433, -0.03275191783905029, -0.020502084866166115, 0.009679039940237999, -0.022198807448148727, 0.00941553432494402, 0.007391033694148064, -0.0179055817425251, 0.023535622283816338, -0.023124294355511665, -0.006362715736031532, -0.01577182300388813, 0.016555... |
83 | MA | 2015 | Preferential or Protective Government Actions. Some governments have taken actions to provide resources, preferential treatment or other protection to selected domestic payments and processing providers, as well as create their own national providers. | [-0.011177419684827328, -0.020484142005443573, 0.00805068202316761, -0.010355648584663868, -0.016542313620448112, -0.002517090644687414, -0.0008910868782550097, -0.0006104821804910898, 0.005007456988096237, -0.030064785853028297, 0.027018221095204353, 0.002062778454273939, -0.003205240238457918, -0.013950061053037643, ... |
84 | MA | 2015 | No-Surcharge Rules. We have historically implemented policies in certain regions that prohibit merchants from charging higher prices to consumers who pay using MasterCard products instead of other means. Authorities in several jurisdictions have acted to end or limit the application of these no-surcharge rules (or indi... | [-2.3188740669866093e-05, -0.012658420950174332, 0.007686177268624306, -0.05261465907096863, 0.003965248819440603, 0.013721543364226818, 0.007805035915225744, -0.02358679287135601, -0.019717290997505188, -0.03996283933520317, 0.015411974862217903, -0.0030573024414479733, 0.0037836595438420773, -0.024999886751174927, -0... |
85 | MA | 2015 | Data Protection and Information Security. Aspects of our operations or business are subject to privacy and data protection laws in the United States, the European Union and elsewhere. For example, in the United States, we and our customers are respectively subject to Federal Trade Commission and federal banking agency... | [0.002132394816726446, -0.017365610226988792, 0.024350160732865334, -0.06741943210363388, -0.0009448935161344707, 0.030543044209480286, 0.0011795207392424345, 0.006368454545736313, 0.003945569042116404, -0.049313224852085114, 0.01091735064983368, -0.010406597517430782, -0.011383413337171078, -0.017237922176718712, 0.01... |
86 | MA | 2015 | Anti-Money Laundering. MasterCard is subject to anti-money laundering (“AML”) laws and regulations, including the USA PATRIOT Act. We have implemented a comprehensive AML program designed to prevent our payment network from being used to facilitate money laundering and other illicit activity. Our AML compliance program... | [-0.011183972470462322, -0.030830787494778633, -0.018787510693073273, -0.04291312023997307, -0.022654378786683083, 0.01980305090546608, 0.005217668134719133, -0.0029034060426056385, -0.023136109113693237, -0.01508989930152893, 0.026820700615644455, -0.009517443366348743, -0.0053088064305484295, -0.023487642407417297, 0... |
87 | MA | 2015 | Economic Sanctions. We are subject to regulations imposed by the U.S. Office of Foreign Assets Control (“OFAC”) restricting financial transactions and other dealings with Crimea, Cuba, Iran, North Korea, Syria and Sudan and with persons and entities included in OFAC’s list of Specially Designated Nationals and Blocked ... | [-0.002479849848896265, -0.02374151349067688, -0.0042685940861701965, -0.03821408003568649, -0.01372725609689951, 0.02170884981751442, -0.030977796763181686, 0.0168440081179142, -0.004183899611234665, -0.02574707567691803, 0.013002272695302963, -0.00172268261667341, 0.02197987213730812, 0.0008969129412434995, -0.009255... |
88 | MA | 2015 | Consumer Financial Protection Bureau. The Consumer Financial Protection Bureau has significant authority to regulate consumer financial products in the United States, including consumer credit, deposit, payment and similar products. | [-0.0038621206767857075, -0.0019792565144598484, 0.016181064769625664, -0.018443072214722633, -0.010198311880230904, -0.00704949488863349, 0.008617477491497993, 0.010050510987639427, -0.0037078929599374533, -0.028609253466129303, 0.024637889117002487, 0.0024853164795786142, -0.015641268342733383, -0.026758519932627678,... |
89 | MA | 2015 | Central Bank Oversight. Several central banks or similar regulatory bodies around the world that have increased, or are seeking to increase, their formal oversight of the electronic payments industry are in some cases considering designating them as “systemically important payment systems” or “critical infrastructure.”... | [-0.0019155886257067323, -0.003993431106209755, -0.0077352034859359264, -0.02980172447860241, -0.007582883350551128, 0.007503412198275328, -0.017708847299218178, 0.001461112406104803, 0.003778196405619383, -0.017099568620324135, 0.029245426878333092, -0.0218148622661829, 0.0028344751335680485, -0.010933921672403812, 0.... |
90 | MA | 2015 | Issuer Practice Regulation. Our customers are subject to numerous regulations and investigations applicable to banks and other financial institutions in their capacity as issuers and otherwise, impacting MasterCard as a consequence. Such regulations and investigations have been related to campus cards, bank overdraft p... | [0.0005271327099762857, -0.024722103029489517, 0.0007109966245479882, -0.04350658506155014, -0.023993395268917084, 0.021780280396342278, -0.010168179869651794, 0.012192369438707829, -0.010161432437598705, -0.04040282592177391, 0.01516792830079794, -0.019216308370232582, 0.008096759207546711, -0.016787279397249222, -0.0... |
91 | MA | 2015 | Regulation of Internet and Digital Transactions. Various jurisdictions have enacted or have proposed regulation related to internet transactions. For example, under the Unlawful Internet Gambling Enforcement Act in the United States, payment transactions must be coded and blocked for certain types of Internet gambling ... | [-0.0019317923579365015, -0.011197180487215519, 0.008448721840977669, -0.031092345714569092, -0.028337327763438225, 0.0044113085605204105, -0.026146432384848595, 0.01667441800236702, -0.005775698460638523, -0.04061683639883995, 0.022158216685056686, -0.008619270287454128, 1.2036548469041009e-05, -0.011689147911965847, ... |
92 | MA | 2015 | Additional Regulatory Developments. Various regulatory agencies also continue to examine a wide variety of issues that could impact us, including evolving laws surrounding marijuana, prepaid payroll cards, virtual currencies, payment card add-on products, identity theft, account management guidelines, privacy, disclosu... | [-0.005554262548685074, -0.029995011165738106, 0.01191955991089344, -0.044779784977436066, -0.02511550299823284, 0.010570050217211246, -0.01241149939596653, 0.011101877316832542, -0.01652650721371174, -0.018866542726755142, 0.025288347154855728, -0.02433105930685997, 0.015263418667018414, -0.02205750159919262, 0.016473... |
93 | MA | 2015 | See “Management’s Discussion and Analysis of Financial Condition and Results of Operations-Seasonality” in Part II, Item 7. | [-0.017077522352337837, -0.0012621162459254265, -0.010502053424715996, -0.015880849212408066, -0.009704271331429482, 0.008382944390177727, -0.037171658128499985, 0.002622396918013692, -0.006943197455257177, -0.01146811805665493, 0.007472974713891745, 0.02368415705859661, -0.009093469008803368, 0.0018604528158903122, 0.... |
94 | MA | 2015 | See Note 21 (Segment Reporting) to the consolidated financial statements included in Part II, Item 8 for certain geographic financial information. | [-0.011126513592898846, -0.0016771582886576653, 0.015317835845053196, -0.024254288524389267, -0.012234129942953587, 0.017344269901514053, -0.03320332616567612, 0.002891760552302003, 0.014323498122394085, -0.03486475348472595, 0.016677184030413628, 0.03702963888645172, -0.016790462657809258, -0.008426697924733162, -0.01... |
95 | MA | 2015 | As of December 31, 2015, we employed approximately 11,300 persons, of which approximately 6,200 were employed outside of the United States. | [-0.012887394987046719, -0.009526576846837997, -0.01349438726902008, -0.025416985154151917, -0.010484985075891018, 0.01674019545316696, -0.017698604613542557, 0.0337359681725502, -0.001348160789348185, 0.003138786880299449, 0.0017299267929047346, -0.0023113610222935677, -0.013622174970805645, -0.014261113479733467, -0.... |
96 | MA | 2015 | MasterCard Incorporated was incorporated as a Delaware corporation in May 2001. We conduct our business principally through MasterCard Incorporated’s principal operating subsidiary, MasterCard International Incorporated (“MasterCard International”), a Delaware non-stock (or membership) corporation that was formed in No... | [-0.012565220706164837, -0.0046669901348650455, -0.029164673760533333, -0.06223510205745697, -0.022599410265684128, 0.013477419503033161, -0.0139270955696702, 0.020261097699403763, -0.010368234477937222, -0.0120384581387043, -0.0012879993300884962, 0.0062922462821006775, 0.0037547911051660776, -0.014723663218319416, 0.... |
97 | MA | 2015 | The Company’s internet address is www.mastercard.com. From time to time, we may use our website as a channel of distribution of material company information. Financial and other material information is routinely posted and accessible on the investor relations section of our corporate website. In addition, you may autom... | [-0.02182772010564804, -0.020217478275299072, -0.0027140879537910223, -0.05122102051973343, -0.008856329135596752, 0.0032188857439905405, -0.010639096610248089, -0.017329268157482147, 0.002337086945772171, -0.007559190038591623, 0.006134253926575184, 0.008747701533138752, -3.916277637472376e-05, -0.020805343985557556, ... |
98 | MA | 2015 | Our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports are available, without charge, for review on the investor relations section of our corporate website as soon as reasonably practicable after they are filed with, or furnished to, the U.S. Securiti... | [-0.027247382327914238, -0.037013377994298935, 0.002435090718790889, -0.04231931269168854, -0.010349134914577007, -0.0001118419531849213, -0.026029836386442184, -0.019634520635008812, -0.006427357438951731, 0.004649100825190544, 0.019378194585442543, 0.02531212568283081, -0.01540515199303627, -0.0002511187340132892, -0... |
99 | MA | 2015 | Interchange fees are generally the largest component of the costs that acquirers charge merchants in connection with the acceptance of payment cards. Although we do not earn revenues from interchange fees, they are a factor on which we compete with other payment providers and therefore an important determinant of the v... | [0.006468611303716898, 0.005232255905866623, 0.010101848281919956, -0.029989035800099373, -0.011934950947761536, -0.009640275500714779, -0.0070093111135065556, 0.012370147742331028, -0.013022943399846554, -0.036213673651218414, 0.015218710526823997, 0.0028716414235532284, 0.013187791220843792, -0.0291450172662735, -0.0... |
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