ted offers and rewards campaigns and management services for publishing offers, as well as opportunities for holders of co-brand or loyalty cards and rewards program members to obtain reward points faster. The company supports these services with program management capabilities. Strategy The company’s ability to improve its business is influenced by personal consumption expenditure growth, driving cash and check transactions toward electronic forms of payment, increasing its share in electronic payments and providing value-added products and services. The company achieves its strategy by improving, diversifying, and building its business. Intellectual Property The company owns various trademarks that are essential to its business, including MasterCard, Maestro and Cirrus, through one or more affiliates. Government Regulation Certain of the company’s operations are periodically reviewed by the U.S. Federal Financial Institutions Examination Council under its authority to examine financial institutions’ technology service providers. In the United States, the company and its customers are respectively subject to Federal Trade Commission and federal banking agency information safeguarding requirements under the Gramm-Leach-Bliley Act that require the maintenance of a written information security program. The company is subject to anti-money laundering laws and regulations, including the USA PATRIOT Act. The company is 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 Persons. Competition General Purpose Payment Networks: The company competes worldwide with payment networks, such as Visa, American Express and Discover, among others. Debit: The company competes with automated teller machine 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, as well as Interac in Canada, EFTPOS in Australia, and Bankserv in South Africa. Three-Party Payments Networks: The company’s competitors include operators of proprietary three-party payments networks, such as American Express and Discover. Third-Party Processors: The company faces competition from First Data Corporation and Total System Services, Inc. Alternative Payments Systems and New Entrants: The company’s competitors include PayPal, Alipay, Amazon, and mPesa. History MasterCard Incorporated was founded in 1966. The company was incorporated as a Delaware corporation in 2001.
mastercard inc-class a (MA:New York)
2000 Purchase Street
Purchase, NY 10577
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