MasterCard 2013 Annual Report Download - page 3

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ACHIEVING OUR VISION: A WORLD BEYOND CASH
On all fronts 2013 was a good year.
We invested in our people, our products and our
technology. We focused on driving the conversion
from cash to electronic payments, and at the
same time, we worked with governments and
other partners to advance financial inclusion.
Through these efforts, we achieved strong
financial results, including net revenue and
earnings per share growth. We continue to
deliver against our long-term financial objectives
and see tremendous opportunity to displace cash
and checks, which still account for 85 percent
of the world’s transactions.
DELIVERING VALUE
Our goal is to deliver value and better ways to
pay. We do this by expanding our core products
globally, including credit, debit, prepaid and
commercial programs and solutions. We seek
new areas of growth in markets around the
world, expanding acceptance and developing
new relationships with leading telcos, technology
providers, handset manufacturers, retailers, mass
transit operators, just to name a few. And we
continue to build our business, taking advantage
of opportunities presented by the ongoing
convergence of the physical and digital worlds,
and by using our data analytics, loyalty solutions
and fraud detection and protection services.
When you’re a technology company in the
payments industry, every transaction is important.
We made new investments in our processing
capabilities, including the recent acquisition of
Provus, a provider of issuer and acquirer processing,
prepaid solutions and ATM processing services in
Turkey. That, coupled with our acquisition of
Trevica, allows us to increase our processing
presence in high-growth markets in Europe.
FROM LEFT TO RIGHT:
Ajay Banga
President and Chief Executive Officer
Richard Haythornthwaite
Chairman of the Board of Directors
Looking forward, we will
continue our leadership
role in industry efforts to
ensure payment safety and
security for everyone—this,
after all, is the cornerstone
of our business.