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300 | MA | 2015 | Cash, cash equivalents and investments held by our foreign subsidiaries (i.e., any entities where earnings would be subject to U.S. tax upon repatriation) was $3.3 billion and $2.6 billion at December 31, 2015 and 2014, respectively, or 48% and 42% as of such dates. The decrease in cash, cash equivalents and investment... | [-0.0109022818505764, -0.02595299668610096, 0.00363936391659081, -0.015101305209100246, -0.022879615426063538, -0.002004653913900256, -0.014000958763062954, -0.017251407727599144, 0.017972324043512344, -0.005868513602763414, 0.024194970726966858, 0.012464268133044243, -0.009352943859994411, 0.01616370864212513, 0.01310... |
301 | MA | 2015 | reinvest the undistributed earnings associated with our foreign subsidiaries as of December 31, 2015 outside of the United States (as disclosed in Note 17 (Income Taxes) to the consolidated financial statements included in Part II, Item 8), and our current plans do not require repatriation of these earnings. If these e... | [-0.01904924586415291, -0.03133358433842659, -0.005673476494848728, -0.019245900213718414, -0.01452619768679142, 0.002476205350831151, -0.03450627252459526, -0.00015629919653292745, 0.008921549655497074, -0.008731450885534286, 0.01729246787726879, 0.021448427811264992, -0.0026892474852502346, 0.015430807135999203, -0.0... |
302 | MA | 2015 | Our liquidity and access to capital could be negatively impacted by global credit market conditions. The Company guarantees the settlement of many MasterCard, Cirrus and Maestro-branded transactions between our issuers and acquirers. See Note 19 (Settlement and Other Risk Management) to the consolidated financial state... | [-0.006908239331096411, -0.011162015609443188, 0.004058009944856167, -0.03809154033660889, -0.01876705139875412, 0.014745540916919708, -0.03063249960541725, 0.008859269320964813, -0.0008253720006905496, -0.02180641144514084, 0.02038627490401268, 0.01453318353742361, -0.019974831491708755, -0.015953321009874344, 0.01955... |
303 | MA | 2015 | Our liquidity and access to capital could also be negatively impacted by the outcome of any of the legal or regulatory proceedings to which we are a party. See our risk factor in “Risk Factors - Legal and Regulatory Risks” in Part I, Item 1A and Note 18 (Legal and Regulatory Proceedings) to the consolidated financial s... | [-0.015851382166147232, -0.02083471603691578, 0.02360323630273342, -0.02706710435450077, -0.01800181344151497, 0.015452200546860695, -0.0357975959777832, 0.02162020280957222, 0.0028731434140354395, -0.029384933412075043, 0.005936220288276672, 0.013018478639423847, -0.0038566116709262133, 0.004786962643265724, 0.0103980... |
304 | MA | 2015 | Net cash provided by operating activities for 2015 increased $636 million as compared to 2014, primarily due to lower prepaid taxes and higher net income, partially offset by timing of customer settlements. Net cash provided by operating activities for 2014 as compared to 2013, decreased by $728 million, primarily due ... | [-0.026348453015089035, -0.014475228264927864, 0.010685902088880539, -0.02173810452222824, -0.01739300973713398, -0.014639432542026043, 0.006940783467143774, -0.02543901465833187, -0.013856304809451103, -0.006542904302477837, 0.01945187710225582, 0.00860808789730072, -0.021725473925471306, -0.0050461203791201115, 0.006... |
305 | MA | 2015 | The $1.4 billion decrease in investing activities in 2015 as compared to 2014 was primarily due to the higher proceeds from the sales and maturities of investment securities in the prior year. The $694 million increase in investing activity in 2014 as compared to 2013 was primarily due to increased sales of investment ... | [-0.03193286433815956, -0.021280162036418915, 0.0057901982218027115, -0.02920658141374588, -0.023400604724884033, -0.0017970125190913677, -0.021595705300569534, -0.01476737204939127, -0.008601678535342216, -0.013896476477384567, 0.01397220604121685, 0.031024103984236717, -0.005509365815669298, 0.022252032533288002, 0.0... |
306 | MA | 2015 | Net cash used in financing activities for 2015 as compared to 2014 increased by $119 million, primarily due to higher dividends paid and an increase in purchases of treasury stock in 2015, partially offset by increased proceeds from debt in 2015. Net cash used in financing activities in 2014 as compared to 2013 decreas... | [-0.041912179440259933, -0.016552183777093887, 0.009814957156777382, -0.02385866455733776, -0.007231415249407291, -0.017240293323993683, -0.009051780216395855, -0.021381467580795288, -0.0005790292634628713, -0.016677293926477432, 0.013624586164951324, 0.003634474240243435, -0.014988296665251255, 0.008050891570746899, 0... |
307 | MA | 2015 | The Company believes that its existing cash, cash equivalents and investment securities balances, its cash flow generating capabilities, its borrowing capacity and its access to capital resources are sufficient to satisfy its future operating cash needs, capital asset purchases, outstanding commitments and other liquid... | [-0.023444168269634247, -0.024151422083377838, -0.012337657622992992, -0.013477122411131859, -0.01946258917450905, 0.010752883739769459, -0.029861845076084137, -0.01354260928928852, -0.011545270681381226, -0.001430061529390514, 0.018257636576890945, -0.0016764545580372214, -0.021715324372053146, 0.002403354737907648, 0... |
308 | MA | 2015 | In December 2015, the Company issued €1.65 billion aggregate principal amount of notes. This offering consisted of €700 million aggregate principal amount of notes due 2022, €800 million aggregate principal amount of notes due 2027 and €150 million aggregate principal amount of notes due 2030 (collectively the “Euro No... | [-0.028711335733532906, -0.02568841353058815, -0.008271231316030025, -0.034628547728061676, -0.004158127121627331, -0.007705237716436386, -0.020440105348825455, -0.008354844525456429, -0.018304763361811638, -0.013120772317051888, 0.014111261814832687, 0.005364080425351858, -0.026395905762910843, 0.0016883346252143383, ... |
309 | MA | 2015 | In November 2015, the Company established a commercial paper program (the “Commercial Paper Program”). Under the Commercial Paper Program, the Company is authorized to issue up to $3.75 billion in outstanding notes, with maturities up to 397 days from the date of issuance. In conjunction with the Commercial Paper Progr... | [-0.034030742943286896, -0.014090241864323616, -0.013541780412197113, -0.009016971103847027, -0.005465028807520866, -0.002311374293640256, -0.018595462664961815, -0.00629425048828125, -0.01217715535312891, 0.008821091614663601, 0.029878102242946625, 0.02729249745607376, -0.025568760931491852, -0.01650608517229557, -0.0... |
310 | MA | 2015 | Borrowings under the Commercial Paper Program and the Credit Facility are to provide liquidity for general corporate purposes, including providing liquidity in the event of one or more settlement failures by the Company’s customers. The Company may borrow and repay amounts under the Commercial Paper Program and Credit ... | [-0.025920862331986427, -0.009095386601984501, 0.00032669026404619217, -0.02415323071181774, -0.010084732435643673, 0.006589043419808149, -0.012914261780679226, -0.016884835436940193, -0.012934048660099506, 0.0026366068050265312, 0.03917809575796127, 0.017175044864416122, -0.00903602596372366, -0.008726030588150024, -0... |
311 | MA | 2015 | See Note 12 (Debt) to the consolidated financial statements included in Part II, Item 8 for further discussion on the Notes, the Commercial Paper Program and the Credit Facility. | [-0.035445570945739746, -0.004155753180384636, -0.002668846631422639, -0.024548964574933052, -0.007862747646868229, 0.0021853256039321423, -0.02471330016851425, 0.005897060967981815, 0.0026862281374633312, -0.0015959355514496565, 0.02147718518972397, 0.025838354602456093, -0.024814428761601448, 0.0047309217043221, -0.0... |
312 | MA | 2015 | In June 2015, the Company filed a universal shelf registration statement to provide additional access to capital, if needed. Pursuant to the shelf registration statement, the Company may from time to time offer to sell debt securities, preferred stock, Class A common stock, depository shares, purchase contracts, units ... | [-0.02590975910425186, -0.029885748401284218, -0.005506481975317001, -0.042735304683446884, -0.016825543716549873, 0.007767661474645138, -0.04147141054272652, -0.003184411907568574, 0.0007208126480691135, -0.002621585736051202, 0.016114605590701103, 0.011322353966534138, 0.0127639789134264, 0.0015378982061520219, 0.007... |
313 | MA | 2015 | MasterCard has historically paid quarterly dividends on its outstanding Class A common stock and Class B common stock. Subject to legally available funds, we intend to continue to pay a quarterly cash dividend. However, the declaration and payment of future dividends is at the sole discretion of our Board of Directors ... | [-0.027533942833542824, -0.008218700997531414, -0.012302123941481113, -0.059216126799583435, -0.021428251639008522, 0.009527988731861115, -0.021246766671538353, 0.010590975172817707, -0.013073437847197056, -0.007492758333683014, 0.004657047800719738, 0.010817832313477993, 0.006222359836101532, -0.0027076988480985165, 0... |
314 | MA | 2015 | On December 8, 2015, our Board of Directors declared a quarterly cash dividend of $0.19 per share paid on February 9, 2016 to holders of record on January 8, 2016 of our Class A common stock and Class B common stock. The aggregate amount of this dividend was $212 million. | [-0.027426794171333313, -0.0019316208781674504, -0.007974086329340935, -0.036569058895111084, -0.003929904196411371, -0.00849468819797039, -0.027401398867368698, 0.0006241659284569323, -0.0009713656618259847, 0.0030315497424453497, -0.005507579538971186, 0.014424462802708149, 0.0015022836159914732, 0.010824695229530334... |
315 | MA | 2015 | On February 2, 2016, our Board of Directors declared a quarterly cash dividend of $0.19 per share payable on May 9, 2016 to holders of record on April 8, 2016 of our Class A common stock and Class B common stock. The aggregate amount of this dividend is estimated to be $211 million. | [-0.029514379799365997, -0.011576538905501366, -0.00890453439205885, -0.03814205527305603, -0.010842542164027691, -0.0038148495368659496, -0.0344591960310936, 0.0009464689646847546, -0.00404019933193922, 0.006953649688512087, -0.006300135515630245, 0.020963964983820915, 0.0033094221726059914, 0.011853396892547607, 0.01... |
316 | MA | 2015 | Shares in the Company’s common stock that are repurchased are considered treasury stock. The timing and actual number of additional shares repurchased will depend on a variety of factors, including the operating needs of the business, legal requirements, price and economic and market conditions. In December 2015, the C... | [-0.016210194677114487, -0.018529703840613365, -0.02058563008904457, -0.04973762482404709, -0.021020537242293358, -0.006879448890686035, -0.033369280397892, -0.023379582911729813, 0.007314356509596109, 0.00949548464268446, -0.003266749670729041, -0.006978291552513838, 0.0045764148235321045, -0.015248127281665802, 0.013... |
317 | MA | 2015 | See Note 13 (Stockholders’ Equity) to the consolidated financial statements included in Part II, Item 8 for further discussion. | [-0.021725580096244812, -0.006167096085846424, -0.0026981045957654715, -0.03500658646225929, -0.010849994607269764, 0.017042681574821472, -0.04304172471165657, 0.01084359735250473, -0.0019783966708928347, -0.0035249688662588596, 0.0010467750253155828, 0.017656831070780754, 0.0024598012678325176, 0.014957127161324024, 0... |
318 | MA | 2015 | MasterCard has no off-balance sheet debt, other than lease arrangements and other commitments as presented in the Future Obligations table that follows. | [-0.020929669961333275, -0.011053036898374557, -0.008771328255534172, -0.039687514305114746, -0.01487958524376154, 0.012016138061881065, -0.025389665737748146, 0.01396173145622015, -0.02833714336156845, -0.0020166945178061724, 0.03402525559067726, 0.0064120544120669365, -0.0109172984957695, -0.0007308093481697142, -0.0... |
319 | MA | 2015 | The following table summarizes our obligations as of December 31, 2015 that are expected to impact liquidity and cash flow in future periods. We believe we will be able to fund these obligations through cash generated from operations and our cash balances. | [-0.03214775025844574, -0.0276799313724041, -0.021119428798556328, -0.01657457835972309, -0.00656371284276247, 0.0025067285168915987, -0.04203343763947487, 0.014327830635011196, -0.022197866812348366, -0.0025661068502813578, 0.04930006340146065, 0.0015935860574245453, -0.030196288600564003, 0.01235069241374731, -0.0033... |
320 | MA | 2015 | 1 The table does not include the $709 million provision as of December 31, 2015 related to the merchant opt outs and the U.S. merchant class litigation since the opt outs are not fixed and determinable and the Company has made a payment into escrow to fund the U.S. merchant class litigation. See Note 18 (Legal and Regu... | [-0.01245384942740202, -0.01598108373582363, 0.0025640279054641724, -0.02973729558289051, -0.016360940411686897, 0.0012642081128433347, -0.035001013427972794, 0.0073393601924180984, -0.023740997537970543, -0.012413150630891323, 0.029493102803826332, 0.019576149061322212, -0.01699855551123619, 0.004910995252430439, -0.0... |
321 | MA | 2015 | 2 Amounts primarily relate to sponsorships to promote the MasterCard brand. Future cash payments that will become due to our customers under agreements which provide pricing rebates on our standard fees and other incentives in exchange for transaction volumes are not included in the table because the amounts due are co... | [0.0015155819710344076, -0.013028889894485474, 0.0015337326331064105, -0.032262012362480164, -0.018916310742497444, 0.006778454873710871, -0.01688343472778797, 0.004174657166004181, -0.017253048717975616, -0.021952426061034203, 0.023787295445799828, 0.014480944722890854, -0.020117556676268578, -0.021582812070846558, 0.... |
322 | MA | 2015 | 3 Amounts relate to severance and expected funding requirements for defined benefit pension and postretirement plans. | [-0.0006350112380459905, -0.017400767654180527, 0.01845182105898857, -0.023473519831895828, -0.003441874636337161, 0.024329934269189835, -0.025770265609025955, -0.01767326332628727, -0.02548479475080967, -0.0013762632152065635, 0.023460544645786285, 0.04074452817440033, -0.009070198982954025, 0.013871305622160435, 0.00... |
323 | MA | 2015 | 4 The Company has recorded a liability for unrecognized tax benefits of $181 million at December 31, 2015. Within the next twelve months, the Company believes that the resolution of certain federal, foreign and state and local examinations are reasonably possible and that a change in estimate, reducing unrecognized tax... | [-0.01605123095214367, -0.024043820798397064, 0.006430401001125574, -0.044996291399002075, -0.00805203802883625, -0.017332687973976135, -0.03387272357940674, -0.02092605084180832, -0.026738842949271202, -0.0005321511998772621, 0.03910423442721367, 0.004121797624975443, -0.006219026632606983, 0.019552117213606834, 0.011... |
324 | MA | 2015 | The Company does not experience meaningful seasonality. No individual quarter in 2015, 2014 or 2013 accounted for more than 30% of net revenue. | [-0.02432618848979473, -0.019393986091017723, 0.016702523455023766, -0.005537459626793861, -0.002498295623809099, -0.009001591242849827, -0.024892812594771385, -0.01057912316173315, -0.020797668024897575, -0.008950079791247845, 0.022188471630215645, 0.02099083550274372, 0.014114082790911198, 0.007340353447943926, 0.004... |
325 | MA | 2015 | The application of U.S. GAAP requires the Company to make estimates and assumptions about certain items and future events that directly affect the Company’s reported financial condition. We have established detailed policies and control procedures to provide reasonable assurance that the methods used to make estimates ... | [0.0005679852329194546, -0.007220947649329901, -0.0041452390141785145, -0.031891439110040665, -0.0007223378634080291, -0.010811976157128811, -0.011855578050017357, 0.007862665690481663, 0.0024680213537067175, -0.02127392403781414, 0.003989670891314745, 0.004022080916911364, -0.011887988075613976, 0.014882671646773815, ... |
326 | MA | 2015 | Application of the various accounting principles in U.S. GAAP related to the measurement and recognition of revenue requires the Company to make judgments and estimates. Specifically, complex arrangements with nonstandard terms and conditions may require significant contract interpretation to determine the appropriate ... | [-0.004208215046674013, -0.0004942318191751838, 0.012273691594600677, -0.006658445578068495, 0.01813363842666149, -0.0018030606443062425, -0.002453450346365571, -0.002018783940002322, 0.005058228969573975, -0.0254746712744236, 0.0045623877085745335, 0.011591104790568352, -0.0332278311252594, -0.009627056308090687, -0.0... |
327 | MA | 2015 | The Company is currently involved in various claims and legal proceedings. The Company regularly reviews the status of each significant matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Co... | [0.0016110645374283195, -0.018610859289765358, 0.008325213566422462, -0.03327436000108719, 0.00554351881146431, -0.003940733149647713, -0.016544457525014877, 0.009331921115517616, -0.012299061752855778, -0.034307561814785004, 0.012193093076348305, 0.004195721819996834, -0.010239283554255962, 0.023101307451725006, -0.00... |
328 | MA | 2015 | In calculating our effective tax rate, we need to make estimates regarding the timing and amount of taxable and deductible items which will adjust the pretax income earned in various tax jurisdictions. Through our interpretation of local tax regulations, adjustments to pretax income for income earned in various tax jur... | [-0.010405032895505428, -0.0153994495049119, 0.0066332085989415646, -0.047915179282426834, -0.019132254645228386, -0.006366579793393612, -0.011387008242309093, -0.021135224029421806, -0.01456704642623663, -0.0063047995790839195, 0.019561462104320526, 0.011237435974180698, -0.010470064356923103, 0.024907048791646957, -0... |
329 | MA | 2015 | We record a valuation allowance to reduce our deferred tax assets to the amount that is more likely than not to be realized. Significant judgment is required in determining the valuation allowance. We consider projected future taxable income and ongoing tax planning strategies in assessing the need for the valuation al... | [-0.025946956127882004, -0.02878672629594803, 0.002898123115301132, -0.022225428372621536, -0.0022611196618527174, 0.011216449551284313, -0.03215814381837845, -0.016390280798077583, 0.0029856504406780005, -0.0077607459388673306, 0.02042301557958126, 0.006010201759636402, -0.013965453021228313, 0.020448949187994003, -0.... |
330 | MA | 2015 | We record tax liabilities for uncertain tax positions taken, or expected to be taken, which may not be sustained or may only be partially sustained, upon examination by the relevant taxing authorities. We consider all relevant facts and current authorities in the tax law in assessing whether any benefit resulting from ... | [-0.010442030616104603, -0.03205159306526184, 0.0007663912256248295, -0.037389203906059265, -0.0036145488265901804, 0.0037117141764611006, -0.019899452105164528, -0.012009629979729652, -0.0017279228195548058, -0.012592622078955173, 0.03767422214150429, 0.0073521737940609455, -0.009399122558534145, 0.03187021613121033, ... |
331 | MA | 2015 | We do not record U.S. income tax expense for foreign earnings which we intend to reinvest indefinitely to expand our international operations. We consider business plans, planning opportunities, and expected future outcomes in assessing the needs for future expansion and support of our international operations. If our ... | [-0.007965510711073875, -0.0399043932557106, 0.005830062553286552, -0.04884318262338638, 0.0015175450826063752, 0.0109429731965065, -0.012524549849331379, -0.011237517930567265, 0.025727832689881325, 0.006915395613759756, 0.013587471097707748, 0.028148220852017403, 0.014022884890437126, 0.004443781916052103, -0.0142662... |
332 | MA | 2015 | The valuation of assets acquired in a business combination and asset impairment reviews require the use of significant estimates and assumptions. The acquisition method of accounting for business combinations requires the Company to estimate the fair value of assets acquired, liabilities assumed, and any non-controllin... | [-0.0243078600615263, -0.003068190533667803, 0.014722033403813839, -0.038924265652894974, -0.016346078366041183, 0.018564285710453987, -0.015236974693834782, -0.009282142855226994, -0.0036441984120756388, -0.02214246615767479, -0.007512858137488365, 0.01853787899017334, -0.012635861523449421, 0.021006954833865166, -0.0... |
333 | MA | 2015 | We evaluate goodwill and indefinite-lived intangible assets for impairment on an annual basis or sooner if indicators of impairment exist. Goodwill is tested for impairment at the reporting unit level. The impairment evaluation utilizes a quantitative assessment using a two-step impairment test. The first step is to co... | [-0.005775227211415768, -0.0029102361295372248, 0.016016801819205284, -0.024303138256072998, -0.012222668156027794, 0.00986991822719574, -0.02372141368687153, -0.006948370486497879, -0.007084106095135212, -0.03239556774497032, -0.016055583953857422, 0.029163764789700508, -0.00981820933520794, 0.011169102042913437, -0.0... |
334 | MA | 2015 | Market risk is the potential for economic losses to be incurred on market risk sensitive instruments arising from adverse changes in market factors such as interest rates, foreign currency exchange rates and equity price risk. Our exposure to market risk from changes in interest rates, foreign exchange rates and equity... | [-0.017182454466819763, -0.03544767200946808, -0.0013276764657348394, -0.019928038120269775, -0.012819167226552963, 0.010859877802431583, -0.02452979050576687, -0.0056974077597260475, -0.0027600848115980625, -0.010479620657861233, -0.015545415692031384, 0.029698705300688744, -0.01245824620127678, 0.017478926107287407, ... |
335 | MA | 2015 | We enter into derivative contracts to manage risk associated with anticipated receipts and disbursements which are either transacted in a non-functional currency or valued based on a currency other than our functional currency. We may also enter into foreign currency derivative contracts to offset possible changes in v... | [-0.011018442921340466, -0.020684771239757538, -0.006640318315476179, -0.006123524159193039, -0.022361913695931435, 0.004072598647326231, -0.02693830616772175, 0.003464796580374241, 0.020970795303583145, -0.008899262174963951, 0.007014100439846516, 0.0447758324444294, -0.011278465390205383, 0.01874760538339615, 0.00537... |
336 | MA | 2015 | As of December 31, 2015, the majority of derivative contracts to hedge foreign currency fluctuations had been entered into with customers of MasterCard. MasterCard’s derivative contracts are summarized below: | [-0.0005379197536967695, -0.008442966267466545, -0.013172075152397156, -0.02570224739611149, -0.014501727186143398, 0.013846726156771183, -0.022977443411946297, 0.0009644892998039722, -0.01074201986193657, -0.03453166410326958, 0.030365856364369392, 0.0295274555683136, -0.00782726425677538, 0.008429866284132004, -0.006... |
337 | MA | 2015 | We use foreign currency denominated debt to hedge a portion of our net investment in foreign operations against adverse movements in exchange rates, with changes in the value of the debt recorded within currency translation adjustment in accumulated other comprehensive income (loss). During the fourth quarter of 2015, ... | [-0.013728911057114601, -0.017708120867609978, 0.004756498150527477, -0.03823111578822136, -0.0008748502586968243, 0.0042542992159724236, -0.017772095277905464, -0.003317073918879032, 0.0069476221688091755, -0.01972971297800541, 0.006400641053915024, 0.029837671667337418, -0.01520032249391079, 0.0009100361494347453, 0.... |
338 | MA | 2015 | Our settlement activities are subject to foreign exchange risk resulting from foreign exchange rate fluctuations. This risk is typically limited to the one business day between setting the foreign exchange rates and clearing the financial transactions. | [-0.001189773203805089, -0.018182428553700447, 0.013354362919926643, -0.013446326367557049, -0.041830096393823624, 0.0030347839929163456, -0.0074424464255571365, -0.0019952720031142235, 0.013341225683689117, -0.024488473311066628, -0.004424084443598986, 0.02703716605901718, 0.006890667602419853, -0.0032022881787270308,... |
339 | MA | 2015 | Our interest rate sensitive assets are our investments in debt securities, which we generally hold as available-for-sale investments. Our general policy is to invest in high quality securities, while providing adequate liquidity and maintaining diversification to avoid significant exposure. The fair value and maturity ... | [-0.04230894148349762, -0.00824107974767685, -0.004359318409115076, -0.03386780619621277, -0.008950961753726006, 0.013126355595886707, -0.04259289428591728, 0.011938917450606823, -0.0032928825821727514, -0.021851446479558945, 0.02658829279243946, 0.022638769820332527, -0.018340758979320526, 0.0002795158652588725, -0.00... |
340 | MA | 2015 | At December 31, 2015, we have U.S. dollar-denominated and euro-denominated debt, which is subject to interest rate risk. The principal amounts of this debt as well as the effective interest rates and scheduled annual maturities of the principal is included | [-0.020107004791498184, -0.018131982535123825, 0.0033479821868240833, -0.04225274547934532, -0.011843765154480934, 0.004310009069740772, -0.021788960322737694, 0.009518335573375225, -0.01665390096604824, -0.023891404271125793, 0.015609050169587135, 0.01693422719836235, -0.010225520469248295, 0.00958204548805952, 0.0043... |
341 | MA | 2015 | in Note 12 (Debt) to the consolidated financial statements included in Part II, Item 8. See “Future Obligations” for estimated interest payments due by period relating to the U.S. dollar-denominated and euro-denominated debt. | [-0.03866259753704071, -0.021208247169852257, -0.006042627152055502, -0.04223774001002312, 0.004373163916170597, 0.006211807951331139, -0.03501084819436073, 0.003488954622298479, -0.008803784847259521, -0.01018915232270956, 0.019497288390994072, 0.026353897526860237, -0.016292428597807884, 0.012098022736608982, 0.00577... |
342 | MA | 2015 | At December 31, 2015, we have a credit facility which provides liquidity for general corporate purposes, including providing liquidity in the event of one or more settlement failures by the Company’s customers. This credit facility has variable rates, which are applied to the borrowing based on terms and conditions set... | [-0.03036615066230297, 7.14252091711387e-05, -0.004496275447309017, -0.0058125765062868595, -0.010817126370966434, 0.006868224125355482, -0.010484793223440647, -0.00012523593613877892, -0.011990068480372429, -0.004033615346997976, 0.040244925767183304, 0.012947970069944859, -0.017594121396541595, 0.0003347770543769002,... |
343 | MA | 2015 | The Company did not have significant equity price risk as of December 31, 2015 and 2014. | [-0.011840363964438438, -0.027281828224658966, 0.006088784895837307, -0.018794430419802666, -0.011407723650336266, -0.0006982697523199022, -0.042093418538570404, -0.016898445785045624, -3.889493746100925e-05, 0.001010025735013187, 0.01819636858999729, 0.012336628511548042, 0.004542729817330837, 0.0035183888394385576, 0... |
null | Ticker | Year | Text | Embedding |
0 | MA | 2016 | 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... | [-0.006454316433519125, -0.0014614161336794496, -0.02149485982954502, -0.048952557146549225, -0.0088661415502429, 0.012654757127165794, -0.016222044825553894, -0.004918039310723543, 0.002919577294960618, -0.042156483978033066, 0.011782463639974594, 0.003199492348358035, -0.004908274859189987, -0.04499468952417374, 0.02... |
1 | MA | 2016 | 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... |
2 | MA | 2016 | We generate revenue by charging fees to issuers, acquirers and other stakeholders for providing transaction processing and other payment-related products and services, as well as by assessing customers based primarily on the dollar volume of activity, or gross dollar volume (“GDV”), on the cards and other devices that ... | [-0.007449510507285595, 0.005190776661038399, -0.007814357988536358, -0.03412313759326935, -0.02523413859307766, 0.00394366355612874, -0.010335118509829044, 0.013379931449890137, -0.014527540653944016, -0.033698588609695435, 0.030885949730873108, 0.03287602216005325, 0.00984423328191042, -0.022501103579998016, 0.002237... |
3 | MA | 2016 | 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... |
4 | MA | 2016 | Grow. We focus on growing our core businesses globally, including growing our consumer credit, debit, prepaid and commercial products and solutions, increasing the number of payment transactions we switch. | [-0.0026904025580734015, -0.010854726657271385, 0.02177596464753151, -0.014260130934417248, -0.025713464245200157, -0.00996346864849329, -0.0186765156686306, 0.010881331749260426, 0.004895268939435482, -0.03604939952492714, 0.020671868696808815, 0.007555740885436535, -0.009291699156165123, -0.032750412821769714, 0.0233... |
5 | MA | 2016 | Diversify. We look to diversify our business and capabilities by focusing on: | [-0.02411053515970707, -0.014184190891683102, 0.007318576332181692, -0.017613762989640236, -0.018649104982614517, 0.02746245637536049, -0.009602800942957401, 0.0234893299639225, 0.018312618136405945, -0.016850197687745094, 0.014986581169068813, 0.026737717911601067, 0.009680450893938541, 0.005306129809468985, -0.001220... |
6 | MA | 2016 | 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... |
7 | MA | 2016 | •providing value-added services across safety and security, consulting, data analytics and loyalty. | [-0.015619989484548569, -0.018717056140303612, -0.021760262548923492, -0.033152081072330475, -0.027900533750653267, 0.025880707427859306, -0.026782896369695663, 0.005052932072430849, 0.021746795624494553, -0.019740436226129532, 0.008759313262999058, 0.028762325644493103, -0.0037063811905682087, -0.0018010117346420884, ... |
8 | MA | 2016 | We grow, diversify and build our business through a combination of organic growth and strategic investments, including acquisitions. | [-0.004360120743513107, -0.02457754872739315, 0.0022024037316441536, -0.02602028287947178, -0.033476535230875015, 0.0166233591735363, -0.007724372204393148, 0.0038174998480826616, 0.012416449375450611, -0.008158469572663307, -0.003469583811238408, 0.012786708772182465, -0.0006335900397971272, -0.0046665421687066555, 0.... |
9 | MA | 2016 | Strategic Partners. We work with a variety of stakeholders. We provide financial institutions with solutions to help them increase revenue by driving preference for Mastercard-branded products. We help merchants by delivering data-driven insights and other services that help them grow and create simple and secure purch... | [-0.0012185164960101247, -0.005430435761809349, -0.01202691625803709, -0.025439759716391563, -0.020082619041204453, 0.01996268332004547, -0.008662045001983643, 0.0017240801826119423, -0.008562098257243633, -0.037873126566410065, 0.007402717135846615, -0.0003558518073987216, -0.0033548767678439617, -0.03694029152393341,... |
10 | MA | 2016 | Digital Payments. We have launched and extended products and platforms that take advantage of the growing digital economy, where consumers are increasingly using technology to interact with merchants. Among our recent developments:[DATA_TABLE_REMOVED] | [-0.023390866816043854, -0.004572954960167408, 0.005453147459775209, -0.027977310121059418, -0.02719491720199585, 0.012430612929165363, -0.029245328158140182, -0.01686192862689495, -0.01006994303315878, -0.029218347743153572, 0.02410581149160862, 0.01852114126086235, -0.022621963173151016, -0.021758630871772766, 0.0094... |
11 | MA | 2016 | •In 2016, we continued to use our digital technologies and security protocols to enhance the suite of digital token services available through our MasterCard Digital Enablement Service (MDES). In addition to leveraging MDES to tokenize Masterpass, we continued to expand our collaborations with all of our partners, such... | [-0.03223200887441635, -0.002933755051344633, -0.02204844355583191, -0.0460105761885643, -0.025534093379974365, 0.02990824170410633, -0.028131242841482162, -0.015131819993257523, -0.015336858108639717, -0.008625274524092674, 0.01972467638552189, 0.012732873670756817, -0.004849154036492109, -0.028158580884337425, -0.010... |
12 | MA | 2016 | •In 2016, we re-launched Mastercard Developers, a single gateway that enables developers, digital players, financial institutions, merchants and our other partners to innovate by accessing and integrating Mastercard technology via a diverse range of Application Programming Interfaces (APIs) across the payments, data an... | [0.0028123457450419664, -0.010892793536186218, -0.01157905999571085, -0.03670851141214371, -0.020036282017827034, 0.010354545898735523, -0.007320172619074583, 0.0048105912283062935, -0.00493506109341979, -0.029011566191911697, 0.03756970912218094, 0.004830775782465935, 0.02065526694059372, -0.03915753960609436, -0.0003... |
13 | MA | 2016 | •In 2016, we continued to expand and scale Mastercard Send™, connecting more consumers, businesses and governments to facilitate the transfer of funds via financial institutions quickly and securely. | [-0.002607793314382434, -0.013378829695284367, 0.008215529844164848, -0.023829611018300056, -0.0049672252498567104, 0.010431173257529736, -0.009071722626686096, 0.011045540682971478, -0.010065167210996151, -0.024208687245845795, 0.019450608640909195, 0.007169797550886869, 0.00012132120900787413, -0.05001211538910866, -... |
14 | MA | 2016 | 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... |
15 | MA | 2016 | •In 2016, we launched Decision Intelligence™, a suite of security solutions that uses machine learning to leverage real-time insights from transactions to enhance approvals and reduce false declines. These solutions are designed to go beyond simply managing for fraud and to instead actively drive automated productive d... | [-0.009148837067186832, -0.010106829926371574, -0.008108729496598244, -0.02568790875375271, -0.037854425609111786, 0.02051474340260029, -0.019091440364718437, 0.007841859944164753, -0.020282087847590446, -0.032736003398895264, 0.02656378783285618, 0.008676682598888874, -0.0035206256434321404, -0.02134956605732441, -0.0... |
16 | MA | 2016 | •In 2016, we expanded Mastercard Identity Check™, a suite of technology solutions that leverage biometrics to help authenticate a consumer’s identity. These solutions are now available in the United States, Canada and numerous markets across Europe. | [-0.0051178839057683945, -0.005056456197053194, -0.007739869877696037, -0.06010846048593521, -0.025890091434121132, 0.01597115956246853, -0.015505603514611721, -0.009815474040806293, -0.014186528511345387, -0.0025217621587216854, 0.03328726068139076, -0.020807771012187004, -0.005790353752672672, -0.046478014439344406, ... |
17 | MA | 2016 | •We continue to lead the migration to EMV to bring its fraud prevention benefits to our U.S. customers, consumers and merchants. Building on our October 2015 introduction of a new liability hierarchy, in 2016 a significant number of merchants implemented EMV in the United States for payment transactions. | [-0.005506978370249271, -0.014341632835566998, -0.020840389654040337, -0.04773584380745888, -0.02281089499592781, 0.01300403755158186, -0.021714719012379646, 0.014968018978834152, -0.02180606871843338, -0.019900809973478317, 0.019378822296857834, 0.0036800187081098557, -0.013963190838694572, -0.03116271086037159, -0.01... |
18 | MA | 2016 | Financial Inclusion. We are focused on addressing financial inclusion, reaching people without access to an account that allows them to store and use money. In 2016, we worked with governments across several geographies to develop and roll out electronic payments solutions, social payment distribution mechanisms and di... | [-0.007056806236505508, -0.00011224836634937674, -0.005872868001461029, -0.017110247164964676, -0.032829198986291885, -0.0014205584302544594, -0.019598523154854774, -0.003996626939624548, -0.007859475910663605, -0.016414599493145943, 0.016173798590898514, 0.0058929347433149815, 0.006976539269089699, -0.0132975643500685... |
19 | MA | 2016 | Brand. In 2016, we introduced an evolution of our brand identity for the first time in 20 years that reflects our corporate heritage while highlighting our focus on technology and payments in a more digitally-connected world. | [-5.274792420095764e-05, 0.000998882343992591, -0.005596322938799858, -0.02871100790798664, -0.004072987008839846, -0.006803372874855995, -0.01675669476389885, 0.013968215323984623, -0.0036405145656317472, -0.017143983393907547, -0.0033500478602945805, 0.010992546565830708, -0.014975165948271751, -0.034210510551929474,... |
20 | MA | 2016 | Acquisitions and Investments. In 2016, we entered into a definitive agreement to acquire a controlling interest in VocaLink Holdings Limited (VocaLink). VocaLink operates systems for ACH payments and ATM switching platforms in the United Kingdom and other countries. ACH payments constitute a significant amount of all p... | [-0.0010245887096971273, -0.008630537427961826, 0.026949886232614517, -0.031288161873817444, -0.028317101299762726, 0.019548527896404266, -0.030998943373560905, -0.010398712940514088, 0.018457386642694473, 0.005061320029199123, 0.01635397970676422, -0.0040753488428890705, -0.002404127037152648, -0.020573938265442848, 0... |
21 | MA | 2016 | governments. Adding ACH payments to our core card-based business will expand our ability to offer more electronic payment options to consumers, businesses and governments, and help us capture more payment flows. While we anticipate completing the acquisition by the middle of 2017, it is subject to regulatory approval a... | [-0.0035943512339144945, -0.005150164011865854, -0.013438045978546143, -0.02155306003987789, -0.03287754952907562, 0.005391526967287064, -0.024227622896432877, -0.007345261983573437, -0.010215524584054947, 0.007723615039139986, 0.020287536084651947, -0.009080465883016586, -0.0021070335060358047, -0.03454752266407013, 0... |
22 | MA | 2016 | Capital Structure. In 2016, we completed a bond issuance in an aggregate principal amount of $2 billion as part of our capital planning. | [-0.00985147338360548, -0.006842939183115959, 0.003133069956675172, -0.025182541459798813, -0.007976874709129333, -0.0015280270017683506, -0.024854814633727074, 0.02509077824652195, 0.005266572814434767, -0.011044398881494999, 0.011188599281013012, 0.020214200019836426, -0.012820679694414139, 0.00038507921271957457, 0.... |
23 | MA | 2016 | 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.... |
24 | MA | 2016 | ØIn 2015, the European Commission issued a statement of objections related to the interregional interchange rates we set and our central acquiring rules within the European Economic Area (EEA). The statement of objections preliminarily concludes that these practices have anticompetitive effects, and the European Commis... | [-0.010197455994784832, -0.015101883560419083, 0.011081861332058907, -0.035295795649290085, -0.028247356414794922, 0.017647897824645042, -0.006525835953652859, 1.1803580491687171e-05, -0.0373058058321476, -0.02956056408584118, 0.011490563862025738, -0.011329762637615204, 0.03044496849179268, -0.032910581678152084, -0.0... |
25 | MA | 2016 | ØIn June 2016, under the European Union Interchange Fee Regulation adopted in 2015, we separated our scheme activities (i.e., brand, products, franchise and licensing) from our switching activities in terms of how we go to market, make decisions and organize our structure. We are awaiting standards to be developed by t... | [0.00460540596395731, -0.0054711829870939255, 0.014629323966801167, -0.05288151651620865, -0.026322249323129654, 0.0009184476220980287, -0.007558264769613743, 0.016512306407094002, -0.019514543935656548, -0.034762751311063766, 0.015353547409176826, -0.008677519857883453, 0.014023609459400177, -0.022569451481103897, 0.0... |
26 | MA | 2016 | •United States - In June 2016, the U.S. Court of Appeals for the Second Circuit reversed the approval of a settlement of an antitrust litigation among a class of merchants, Mastercard, Visa and a number of financial institutions. The court vacated the class action certification and sent the case back to the district co... | [-0.010447599925100803, -0.0021284024696797132, 0.010251495987176895, -0.045144449919462204, -0.01787925697863102, 0.023153774440288544, -0.005812111310660839, -0.013876034878194332, -0.015444865450263023, -0.039680592715740204, 0.015336669981479645, 0.002928032772615552, 0.028049606829881668, -0.0327020026743412, 0.00... |
27 | MA | 2016 | ØBeginning in May 2012, a number of retailers filed claims or threatened litigation against Mastercard seeking damages for alleged anti-competitive conduct with respect to Mastercard’s cross-border interchange fees and its U.K. and Ireland domestic interchange fees. In 2016, a tribunal in one of these cases issued a ju... | [-0.022218074649572372, -0.013399768620729446, -0.010554936714470387, -0.056058742105960846, -0.027340123429894447, 0.021109873428940773, -0.0028600364457815886, 0.016717614606022835, -0.008757488802075386, -0.037624768912792206, 0.015285061672329903, 0.010230585001409054, 0.01836640015244484, -0.028488868847489357, 0.... |
28 | MA | 2016 | ØIn September 2016, a proposed collective action was filed in the United Kingdom on behalf of U.K. consumers seeking damages for intra-EEA and domestic U.K. interchange fees that were allegedly passed on to consumers by merchants between 1992 and 2008. | [-0.008341716602444649, -0.025487462058663368, -0.005507542751729488, -0.04574878513813019, -0.04170188307762146, -0.0008810728322714567, -0.004278060980141163, 0.010874382220208645, -0.011075387708842754, -0.028623143211007118, -0.0026046924758702517, 0.005216085352003574, 0.026010075584053993, -0.019577907398343086, ... |
29 | MA | 2016 | •China - In 2016, People’s Bank of China issued regulations providing the license application and operational requirements for network operators, including international networks such as ours, to process domestic payments in China. We are awaiting detailed implementation guidelines for this and other related regulatio... | [0.01848866045475006, -0.011911219917237759, 0.0023659500293433666, -0.03282734751701355, -0.02130851335823536, 0.004013635218143463, -0.014844132587313652, 0.009423895739018917, -0.016719602048397064, -0.020204514265060425, 0.025139257311820984, -0.0026136846281588078, 0.004186551086604595, -0.03216228634119034, 7.144... |
30 | MA | 2016 | •Data Privacy - In 2016, the European Parliament passed the General Data Protection Regulation (GDPR), a new data protection regulation that will increase our compliance burden for using and processing personal and sensitive data of EEA residents. We have implemented a comprehensive approach to achieve compliance by th... | [-0.005900149699300528, -0.011475758627057076, 0.01601932756602764, -0.060546308755874634, -0.00287218508310616, 0.026183942332863808, -0.01866758055984974, 0.0056113083846867085, -0.011845734901726246, -0.048083946108818054, 0.015019742771983147, 0.0015788903692737222, 0.00043650722363963723, -0.013371076434850693, 0.... |
31 | MA | 2016 | 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... |
32 | MA | 2016 | We operate a unique and proprietary global payments network that links issuers and acquirers around the globe to facilitate the switching of transactions, permitting Mastercard cardholders to use their cards and other payment devices at millions of acceptance locations worldwide. Our network facilitates an efficient an... | [-0.002271495060995221, 0.002857101848348975, -0.010438649915158749, -0.04415640980005264, -0.009158561937510967, 0.020956479012966156, -0.021220415830612183, 0.002266546245664358, 0.0037478841841220856, -0.029613563790917397, 0.023767393082380295, 0.002682244637981057, 0.002606363268569112, -0.0320681631565094, 0.0130... |
33 | MA | 2016 | 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... |
34 | MA | 2016 | 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... |
35 | MA | 2016 | •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... | [0.0023466988932341337, 0.012375924736261368, -0.002827689051628113, -0.03302021697163582, -0.030996399000287056, -0.005871740635484457, -0.012182862497866154, 0.0035183841828256845, -0.007396262604743242, -0.03254089131951332, 0.03427179157733917, 0.010212301276624203, 0.0020404630340635777, -0.03656190261244774, -0.0... |
36 | MA | 2016 | •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. Additi... | [-0.009257308207452297, 0.009382585063576698, -0.00013290073547977954, -0.05464713275432587, -0.029934601858258247, 0.0047341505996882915, 0.001818164368160069, -0.008815542794764042, -0.017736580222845078, -0.026888392865657806, 0.02132345922291279, 0.027719177305698395, -0.0016187102301046252, -0.024607034400105476, ... |
37 | MA | 2016 | •Authorization, Clearing and Settlement. Through our 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 facilitating t... | [0.00029640691354870796, 0.0011472200276330113, -0.022430071607232094, -0.013305747881531715, -0.03510793671011925, 0.01716655306518078, -0.014027143828570843, -0.0008733567083254457, 0.008162462152540684, -0.022149527445435524, 0.026290874928236008, -0.0006099302554503083, 0.006753067951649427, -0.007481143344193697, ... |
38 | MA | 2016 | •Cross-Border and Domestic. Our 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. We also pr... | [0.005100533831864595, -0.011931189335882664, -0.005216984078288078, -0.018073124811053276, -0.013341904617846012, 0.01998956687748432, -0.014266855083405972, -0.004558207001537085, -0.0008625658228993416, -0.033910397440195084, 0.011052819900214672, 0.017793642356991768, -0.007432871498167515, -0.040192071348428726, 0... |
39 | MA | 2016 | Our Network Architecture. Our 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 blending two distinct network struct... | [-0.0059831514954566956, -0.003108695615082979, 0.009148734621703625, -0.01681171916425228, -0.010520709678530693, 0.006471708882600069, -0.011571441777050495, 0.016517246142029762, 0.0022118922788649797, -0.024949876591563225, 0.014027613215148449, 0.004945804364979267, -0.011002574115991592, -0.02086741290986538, 0.0... |
40 | MA | 2016 | •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. | [-0.02749190852046013, 0.006263550836592913, 0.003571916837245226, -0.01279795728623867, -0.04599139094352722, 0.010664965026080608, 0.0001690735516604036, -0.004733212757855654, 0.014490809291601181, -0.041224319487810135, 0.03754067420959473, 0.0036836450453847647, -0.011741618625819683, -0.013949097134172916, -0.008... |
41 | MA | 2016 | 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. | [-0.008425655774772167, -0.001100365538150072, 0.011602651327848434, -0.016851311549544334, 0.0049706739373505116, 0.00387527234852314, -0.008174143731594086, 0.004040740896016359, -0.0003019800060428679, -0.016560086980462074, 0.0016571671003475785, 0.011840926483273506, 0.008035150356590748, -0.027295684441924095, -0... |
42 | MA | 2016 | Payments System Security. Our network and products are designed to ensure safety and security for the global payments system. The network incorporates multiple layers of protection, both for continuity purposes and to provide best-in-class security protection. We engage in multiple efforts to mitigate information secur... | [-0.00011807251576101407, -0.010827522724866867, -0.012611639685928822, -0.03865587338805199, -0.002268931595608592, 0.014790073037147522, 0.0032288641668856144, -0.012824958190321922, 0.011241231113672256, -0.01883665658533573, 0.019974354654550552, -0.0019990515429526567, 0.0021331836469471455, -0.026309264823794365,... |
43 | MA | 2016 | As part of our multi-layered approach to protect the global payments system, we also work with issuers, acquirers, merchants, governments and payments industry associations to help develop and put in place standards for safe and secure transactions. These efforts include: | [0.0021660968195647, 0.006313941907137632, -0.0013250061310827732, -0.03489457070827484, -0.018013499677181244, 0.016354361549019814, -0.009177930653095245, 0.016881071031093597, 0.0073607792146503925, -0.02517676167190075, 0.029969828203320503, -0.0026697637513279915, 0.0008357414044439793, -0.02072605863213539, 0.006... |
44 | MA | 2016 | •continuing the migration in the U.S. to EMV, bringing its fraud prevention benefits to our U.S. customers, consumers and merchants | [-0.009878820739686489, -0.0296690221875906, -0.016762085258960724, -0.03146635368466377, -0.02873128280043602, 0.014430762268602848, -0.020578162744641304, -0.002072468400001526, -0.01570712961256504, -0.01966647244989872, 0.02625669352710247, 0.0033862798009067774, 0.008381042629480362, -0.02615250088274479, -0.01695... |
45 | MA | 2016 | These technologies protect sensitive cardholder information for card and digital transactions by generating unique one-time use codes or credentials to an identified and verified individual to authenticate that the transaction is originating from a valid card or device. | [-0.01571219600737095, 0.005413977894932032, 0.003326680976897478, -0.038594163954257965, -0.018337558954954147, 0.014819306321442127, -0.0022238953970372677, -0.020403198897838593, -0.010381510481238365, -0.03600878268480301, 0.05050824582576752, -0.0038314303383231163, -0.01436619833111763, -0.014699365943670273, 0.0... |
46 | MA | 2016 | Digital Payments. Our network supports and enables our digital payment platforms, products and solutions, reflecting the growing digital economy where consumers are increasingly seeking to use their payment accounts to pay when, where and how they want. | [-0.016484061256051064, -0.004762133117765188, 0.0049949767999351025, -0.012216323055326939, -0.029446760192513466, 0.0037446378264576197, -0.019278187304735184, -0.00906495749950409, 0.007195828482508659, -0.027992283925414085, 0.022404033690690994, 0.003502225037664175, -0.016981644555926323, -0.024713333696126938, 0... |
47 | MA | 2016 | 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, | [0.004882800858467817, -0.005888280924409628, 0.0036082956939935684, -0.05342833325266838, -0.022624988108873367, 0.024454357102513313, -0.009106490761041641, 0.006826505064964294, -0.012496204115450382, -0.01884518936276436, 0.023311002179980278, -0.005632707383483648, 0.006638187915086746, -0.034973230212926865, -0.0... |
48 | MA | 2016 | including access to the network and usage of cards and payment devices carrying our brands. As a condition of our licenses, issuers, acquirers and other customers agree to comply with our standards surrounding participation and brand usage and acceptance. We monitor areas of risk exposure and enforce our standards to c... | [0.0015177801251411438, -0.017180487513542175, -0.0020435915794223547, -0.062013376504182816, -0.028688685968518257, 0.022280091419816017, -0.013273971155285835, 0.015762414783239365, -0.006493815220892429, -0.014303437434136868, 0.02058931440114975, -0.01145365834236145, 0.010383286513388157, -0.028225084766745567, -0... |
49 | MA | 2016 | Customer Risk. 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 cardholder account ... | [0.0008567796321585774, -0.007487304508686066, 0.0018461612053215504, -0.023844394832849503, -0.04092694818973541, 0.01564531773328781, -0.006269077770411968, 0.003794982098042965, -0.0076173399575054646, -0.01035492867231369, 0.02634928934276104, 0.009821098297834396, -0.0028522249776870012, -0.0015689803985878825, 0.... |
50 | MA | 2016 | 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 our network among cardholders, merchants, financial institutions and governments in markets globally. | [-0.00977103691548109, 0.00905528198927641, -0.012043065391480923, -0.01843889057636261, -0.022378824651241302, 0.007623772602528334, -0.010270094498991966, 0.013960499316453934, 0.006605956237763166, -0.022575821727514267, 0.0038283024914562702, 0.005535607226192951, -0.007853602059185505, -0.038742683827877045, 0.001... |
51 | MA | 2016 | 1 Excludes Maestro and Cirrus cards and volume generated by those cards. | [-0.006846935488283634, 0.004337979014962912, -0.0012111325049772859, -0.03135855868458748, -0.015475298278033733, 0.014115430414676666, -0.03840267285704613, -0.019106145948171616, -0.019024554640054703, -0.03494860976934433, 0.0182358305901289, 0.020357225090265274, -0.025320742279291153, -0.027931690216064453, -0.01... |
52 | MA | 2016 | 2 Article 8 of the EU Interchange Fee Regulation related to card payments, which became effective in June 2016, states that a network can no longer charges fees on domestic EEA payment transactions that do not use its payment brand. Prior to that, Mastercard collected a de minimis assessment fee in a few countries, par... | [-0.010690920986235142, 0.008101609535515308, -0.0006081212195567787, -0.051786236464977264, -0.01612313836812973, -0.0006831979262642562, -0.01877918466925621, -0.007894732058048248, -0.015549218282103539, -0.039720576256513596, 0.011591841466724873, 6.9667526076955255e-06, 0.011224799789488316, -0.02573295496404171, ... |
53 | MA | 2016 | 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... |
54 | MA | 2016 | 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 | [-0.007489286828786135, -0.0038524733390659094, 0.011443055234849453, -0.026271319016814232, -0.03761634603142738, 0.017200525850057602, -0.017017541453242302, -0.01931791566312313, 0.01231223065406084, -0.02436305396258831, 0.0033165907952934504, 0.00013335798576008528, -0.01905651018023491, -0.016586221754550934, -0.... |
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