MasterCard 2010 Annual Report Download - page 161
Download and view the complete annual report
Please find page 161 of the 2010 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.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159 -
160 -
161 -
162
 |
 |
This annual report contains forward-looking information pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate
to MasterCard’s future prospects, developments and business strategies and include, without
limitation, statements relating to:
• MasterCard becoming the currency of choice;
• trends for the global economy and MasterCard’s future growth prospects, which MasterCard
believes to be promising;
• opportunities created by demographic and secular trends, which MasterCard believes to be
favorable, including trends related to growth outside of the United States, the growing influence
and purchasing power of youth and growing urbanization;
• the replacement of cash and checks representing MasterCard’s largest growth opportunity, and
MasterCard’s strategies and potential to seize related opportunities in debit, commercial, e-commerce
(including through the acquisition of the DataCash Group) and mobile; and
• MasterCard’s agreement to purchase the prepaid program management business of Travelex.
Although MasterCard believes that its expectations are based on reasonable assumptions, it can
give no assurance that its objectives will be achieved. Actual results may differ materially from
such forward-looking statements for a number of reasons, including changes in financial condition,
estimates, expectations or assumptions, or changes in general economic or industry conditions, or
other circumstances such as those set forth in MasterCard Incorporated’s filings with the Securities
and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended
December 31, 2010 (which is included in this annual report), Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K that it has filed with the SEC in 2011. MasterCard’s forward-looking
statements speak only as of the date they are made, and MasterCard undertakes no obligation to
update publicly or revise any forward-looking information.