MasterCard 2006 Annual Report Download - page 11

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9
In 2006, MasterCard continued to offer a wide range of
innovative payment options — including credit, debit, chip,
prepaid, contactless and mobile payments — to meet the
evolving needs of modern commerce.
Whether in the form of a card, key fob or wristband, MasterCard
PayPass — the world’s leading Tap & Go™ payment option — proved
to be a better way to accomplish even the smallest transactions at
gas stations, movie theaters, concession stands, vending machines,
quick-serve restaurants, taxi cabs and more. For banks, PayPass
increases revenues by capturing millions of small transactions. For
merchants, it delivers a host of effi ciencies and increases customer
satisfaction. For consumers, it means no more fumbling for cash.
That’s why uptake soared in 2006. By year’s end, millions of PayPass
cards and devices were in circulation worldwide.
We also moved forward with next-generation initiatives, including
pilot programs in Dallas, Edinburgh, New York and Seoul, to
advance mobile phones as the latest, most convenient way to pay.
In addition, we’ve seen growth in prepaid programs around the
world and introduced the rePower® Load Network, creating a new
way for people to load cash onto MasterCard cards.
At the same time, MasterCard continued to make life simpler
for businesses. In Latin America, we rolled out Maestro for Small
Business, the fi rst integrated debit card for small businesses in
Brazil. We were also the fi rst to extend our zero liability policy
to small business credit and debit cardholders in the United States.
Now, issuers protect these cardholders and their businesses from
unauthorized spending.
Around the world,
MasterCard innovations
are making commerce
more effi cient and
productive — making
transactions faster, easier,
more convenient and
more secure.
Chicago, IL, USA
With PayPass, fans can get
two hot dogs fast and be
back before the big play
at many baseball and
football stadiums in the
United States.
Johannesburg,
South Africa
MasterCard is making
it easier for consumers
everywhere to make
payments via mobile
devices.
Toronto, ON, Canada
MasterCard supports small
businesses with solutions
to help them manage
costs and streamline
processes.