MasterCard 2004 Annual Report Download - page 17

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The฀Value
At฀MasterCard,฀our฀attitude฀toward฀technology฀goes฀far฀beyond฀providing฀the฀basics฀of฀authorization,฀clearing,฀
and฀settlement.฀The฀value฀we฀bring฀to฀our฀customers฀lies฀as฀much฀in฀the฀talent฀and฀expertise฀of฀our฀people฀as฀in฀
the฀power฀and฀fl฀exibility฀of฀our฀systems.฀Whether฀working฀with฀customers฀to฀provide฀increased฀data฀capabilities,฀
processing฀innovations฀for฀new฀products฀and฀programs,฀leading-edge฀technology฀integration,฀or฀redundancy฀and฀
security฀solutions,฀MasterCard฀delivers.
In฀2004,฀we฀completed฀our฀Systems฀Enhancement฀Strategy,฀resulting฀in฀one฀of฀the฀fastest,฀most฀reliable,฀secure,฀
and฀fl฀exible฀processing฀platforms฀in฀the฀world.฀This฀upgrade฀gives฀MasterCard฀the฀ability฀to฀customize฀processing฀
to฀meet฀specifi฀c฀needs฀and฀to฀support฀new฀forms฀of฀payment.฀We฀know฀that฀one฀size฀does฀not฀fi฀t฀all,฀and฀
we฀created฀our฀new฀Global฀Clearing฀Management฀System฀—฀the฀heart฀of฀our฀network฀—฀with฀solution-centric฀
capabilities฀unsurpassed฀by฀any฀other฀payment฀system฀in฀the฀world.฀
Feeding฀the฀system฀is฀BankNet
™
,฀ our฀virtual฀private฀network฀connecting฀over฀23,000฀customer฀fi฀nancial฀institutions฀
™™
and฀millions฀of฀merchant฀terminals฀worldwide.฀In฀2004,฀our฀network฀processed฀transactions฀with฀nearly฀100฀percent฀
availability.฀We฀also฀experienced฀a฀full฀year฀of฀virtually฀fl฀awless฀processing฀of฀Switch
®
฀transactions฀in฀the฀United฀
Kingdom.฀These฀transactions฀migrated฀to฀the฀MasterCard฀processing฀platform฀in฀conjunction฀with฀the฀brand’s฀
migration฀to฀Maestro.฀Meanwhile,฀the฀MasterCard฀Debit฀Switch฀captured฀a฀coveted฀International฀Tandem฀Users฀
Group฀NonStop฀Availability฀Award฀for฀virtually฀fl฀awless฀network฀performance.
Another฀2004฀accomplishment฀included฀the฀launch฀of฀a฀new฀version฀of฀the฀MasterCard฀Rewards฀technology฀platform.฀
This฀platform฀offers฀customers฀state-of-the-art,฀Web-based฀interface฀features฀and฀increased฀customization฀options.
Our฀ability฀to฀tailor฀technology฀and฀processing฀solutions฀to฀meet฀specifi฀c฀needs฀—฀and฀our฀capacity฀to฀support฀
new฀forms฀of฀payment฀—฀will฀drive฀tomorrow’s฀greatest฀opportunities.
The฀Opportunity
Deliver฀increased฀value฀
by฀looking฀at฀technology฀
in฀a฀new฀way.
Composing฀powerful฀
technology฀solutions฀
for฀our฀customers
MasterCard฀Incorporated฀Annual฀Report฀2004
13