MasterCard 2003 Annual Report Download - page 15
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Please find page 15 of the 2003 MasterCard annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.13
Flexible:MasterCard’sGlobalClearing
ManagementSystemenablescustom-tailored
processingandtheabilitytosharedatawith
partnerstofacilitateafnityprogramsand
leveragepromotions.Italsoallowsforbilling
inmultiplecurrencies,includinglocal
currenciesfordomesticpurchasesandU.S.
dollars,euros,orotherworldcurrenciesfor
cross-bordertransactions.
Adaptable:In2003,we
successfullymigratedSwitch®
processingintheUnitedKingdom
toMasterCard’sprocessing
platform.Weanticipatedoubling
ourclearingtransactionvolume
inEurope
i
n2004asallinterbank
SwitchvolumeintheUnited
Kingdompassesthrough
ournetwork.
Efcient:MasterCard’sRemote
PaymentandPresentment
Servicedeliverstheindustry’s
leadingelectronicbillpayment
andpresentmentnetworkto
approximately95percentof
allindustryserviceproviders
intheUnitedStates.