MasterCard 2013 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2013 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.

Page out of 120

  • 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

Creating better shopping and selling experiences
drives us to build innovative platforms and products
for consumers and merchants. Through MasterPass™,
a globally interactive platform, we offer a digital
wallet service that makes shopping and selling
experiences simpler, faster and safer. By the end
of 2013, we signed more than 30,000 merchants
and numerous bank partners, and we were live
in five markets with many more in the pipeline.
ADVANCING FINANCIAL INCLUSION
MasterCard is working on government-based
financial inclusion projects in more than 25
countries around the world. Here are three
examples: In Nigeria, the government is piloting
a national ID program that combines a biometric
identification solution with our prepaid payment
functionality and is the broadest financial inclusion
initiative of its kind on the African continent.
In Turkey, together with the Turkish government
and DenizBank, we introduced a new Social Aid
Card to bring innovation and efficiency to the
country’s welfare service. And in Lebanon and
Jordan, we partnered with the United Nations
World Food Programme to roll out innovative
electronic vouchers that will allow hundreds
of thousands of Syrian refugees to meet their
food needs and help boost the local economy.
OUR COMMITMENT TO SAFETY
AND SECURITY
For more than 45 years, MasterCard has been
an industry leader in safeguarding cardholder
data. It’s what consumers expect and what they
deserve. As a founder and early proponent of
EMV technology, our strategy to fight payments
fraud relies heavily on enabling chip-based
payments around the world. In 2012, we
announced our plan for the U.S. migration to
EMV chip technology. While EMV works in the
physical space, we also need to make sure
we’re ahead of this issue in the digital space.
That’s why we, along with other industry leaders,
announced a new global standard using tokens
to enhance the security of digital payments and
simplify the purchasing experience when shopping
on a mobile phone, tablet, personal computer or
other smart device.
THE JOURNEY CONTINUES
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. We will remain focused
on achieving our vision and advancing financial
inclusion around the world. At the same time, we
will continue to create innovative solutions as the
physical and digital worlds converge.
We are proud to note that MasterCard has earned
recognition from various organizations for our
people, our brand and as a fantastic place to work.
Every day, our employees around the world are
focused on making payments easier and making
a difference in their communities. With their
passion, creativity, dedication to help others and
an unyielding commitment to make payments
safe, simple and smart, our 8,200 employees
prove that it is possible to do well and do good.
To our shareholders, thank you for your continued
support in helping us grow.
Richard Haythornthwaite
Chairman of the Board of Directors
Ajay Banga
President and Chief Executive Officer