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Mastercard is a technology company in the global payments industry, facilitating electronic payments by connecting consumers, financial institutions, merchants, governments, and other organizations worldwide . The company operates a multi-rail payments network that includes capabilities for automated clearing house (ACH) transactions, both batch and real-time account-based payments . Mastercard offers a wide range of payment solutions and services under brands such as Mastercard, Maestro, and Cirrus .
- Payment Network - Charges fees based on the gross dollar volume of activity on cards carrying Mastercard's brands and provides switching and other network-related services.
- Value-Added Services and Solutions - Offers cyber and intelligence solutions, data and services, processing and gateway services, ACH payments, open banking, and digital identity solutions, which can be integrated with the payment network or sold separately.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Craig Vosburg Executive | Chief Services Officer | N/A | Craig Vosburg has been with Mastercard since 2006, currently serving as Chief Services Officer. | |
Edward McLaughlin Executive | President and Chief Technology Officer | N/A | Edward McLaughlin has been with Mastercard since 2005, leading technology and innovation efforts. | |
Jorn Lambert Executive | Chief Product Officer | N/A | Jorn Lambert has been with Mastercard since 2002, currently overseeing product strategy and innovation. | |
Linda Kirkpatrick Executive | President, Americas | N/A | Linda Kirkpatrick has been President, Americas since January 2024, with a long tenure at Mastercard and experience in various leadership roles. | |
Ling Hai Executive | President, Asia Pacific, Europe, Middle East & Africa | N/A | Ling Hai has been with Mastercard since 2010, currently overseeing international markets. | |
Michael Miebach Executive | President and Chief Executive Officer | N/A | Michael Miebach has been the CEO of Mastercard since January 2021, previously serving as President and Chief Product Officer. He has extensive experience in product development and regional leadership. | View Report → |
Raja Rajamannar Executive | Chief Marketing & Communications Officer and President, Healthcare | N/A | Raja Rajamannar has been with Mastercard since 2013, currently leading marketing and healthcare initiatives. | |
Sachin Mehra Executive | Chief Financial Officer | N/A | Sachin Mehra became CFO in April 2019, having previously served as Chief Financial Operations Officer and in various financial leadership roles within Mastercard. | |
Sandra Arkell Executive | Corporate Controller and Principal Accounting Officer | N/A | Sandra Arkell is the Corporate Controller and Principal Accounting Officer as of February 2025. | |
Tim Murphy Executive | Chief Administrative Officer | N/A | Tim Murphy has been with Mastercard since 2000, currently serving as Chief Administrative Officer. | |
Candido Bracher Board | Director | Board Member at Itaú Unibanco Group | Candido Bracher joined the board in September 2021, with a background in financial services and consumer insights. | |
Choon Phong Goh Board | Director | CEO of Singapore Airlines Limited, Chairman of Budget Aviation Holdings Pte Ltd, Director at SIA Engineering Company Limited | Choon Phong Goh has been a director since April 2018, contributing insights from the airline industry. | |
Gabrielle Sulzberger Board | Director | Senior Advisor at Two Sigma Impact, Board Member at Cerevel Therapeutics Holdings, Inc., Eli Lilly and Company, Warby Parker Inc. | Gabrielle Sulzberger has been a director since December 2018, with experience in finance and governance. | |
Harit Talwar Board | Director | Non-Executive Chair at Better Home & Finance Holding Company, Co-Chairman of the Board at American India Foundation | Harit Talwar has been a director since April 2022, with extensive experience in global payments and consumer banking. | |
Julius Genachowski Board | Director | Board Chair at Sonos Inc., Board Member at Mattel, Inc. | Julius Genachowski has been a director since June 2014, with expertise in regulatory and government affairs, digital innovation, and financial oversight. | |
Lance Uggla Board | Director | Vice Chair at General Atlantic, Founder of General Atlantic BeyondNetZero | Lance Uggla has been a director since June 2019, with insights into data, technology, and innovation. | |
Merit E. Janow Board | Chairman of the Board | Board Member at American Funds, Board Chair of Japan Society, Member of Mitsubishi UFJ Financial Group advisory board, Board of Directors at Peterson Institute for International Economics | Merit E. Janow has been Chairman of the Board since January 2022, bringing expertise in technology, innovation, and regulatory affairs. | |
Oki Matsumoto Board | Director | Founder and Executive Chairman of Monex Group, Inc., International Board Member at Human Rights Watch | Oki Matsumoto has been a director since June 2016, bringing financial expertise and digital innovation experience. | |
Richard K. Davis Board | Director | Lead Director at Dow Inc., Trustee at Mayo Clinic | Richard K. Davis has been a director since June 2018, with extensive experience in financial services and regulatory engagement. | |
Rima Qureshi Board | Director | Director at GSMA Board, Director at Verizon Foundation | Rima Qureshi has been a director since April 2011, with a background in telecommunications and information technology. | |
Youngme Moon Board | Director | Board Member at Sweetgreen, Inc. and Warby Parker Inc. | Youngme Moon has been a director since June 2019, with expertise in strategy, innovation, and sustainability. |
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With the significant investments and time required to build acceptance in China, how do you plan to manage potential risks and ensure profitability in this market, especially given the challenges in achieving widespread acceptance?
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Given the competitive environment and the increasing use of incentives to win volume, how do you intend to manage the impact on net revenue yield and margins, and is there a risk of eroding profitability due to a "race to the bottom" in pricing?
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As you continue to invest heavily in value-added services like cybersecurity through acquisitions such as Recorded Future, how do you balance these investments with return expectations, and what challenges do you foresee in scaling these services beyond transaction-based revenues?
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With over 60% of transactions in Latin America still conducted in cash, what are the key challenges you face in driving electronic payment adoption in this region, and how do you plan to address potential regulatory and economic risks associated with these markets?
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As you expand your multi-rail strategy and offer value-added services to non-Mastercard transactions, how do you manage potential conflicts of interest and ensure that this doesn't undermine your core payments business in an increasingly competitive landscape?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Competes worldwide in the general purpose payments network category, offering a range of card-based payment products. Financial institutions may issue both Mastercard- and Visa-branded payment products, leading to competition on the basis of individual portfolios or programs. Some competitors have more market share in certain jurisdictions and may have different business models that provide advantages in pricing or regulatory compliance burdens. | |
Operates in the general purpose payments network category, offering a range of card-based payment products. Some customers issue American Express-branded payment cards in a manner consistent with a four-party system. | |
JCB | Competes in the general purpose payments network category, offering card-based payment products. |
China UnionPay | Competes in the general purpose payments network category, offering card-based payment products. Some customers issue China UnionPay-branded payment cards in a manner consistent with a four-party system. |
Discover | Competes in the general purpose payments network category, offering card-based payment products. Some customers issue Discover-branded payment cards in a manner consistent with a four-party system. |
PIX (Brazilian Instant Payment System) | A government-backed network in Brazil, increasingly considered as an alternative to traditional domestic payment solutions and schemes. |
FedNow | A government-backed network in the U.S., increasingly considered as an alternative to traditional domestic payment solutions and schemes. |
United Payments Interface (UPI) | A government-backed network in India, which has expanded interoperability and cross-border reach globally, including a partnership with the UAE to enable Indian travelers to pay with UPI. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Recorded Future | 2024 | Mastercard announced the acquisition of Recorded Future for $2.65 billion, aimed at enhancing its threat intelligence and cybersecurity services. The deal, pending regulatory approval, is expected to close in Q1 2025. |
Minna Technologies | 2024 | Mastercard acquired Minna Technologies to bolster its subscription management capabilities, enabling consumers to manage subscriptions directly from banking interfaces and strengthening merchant, bank, and consumer relationships. |
Dynamic Yield LTD | 2022 | Mastercard acquired 100% of Dynamic Yield LTD for $325 million in cash, gaining key assets including developed technologies, customer relationships, and goodwill to integrate with its loyalty and consumer engagement platforms. |
Recent developments and announcements about MA.
Earnings
New Earnings (Q4 2024)
·Jan 30, 2025, 5:42 PMView full earnings summary →MA Q4 net revenues rose 16% (currency-neutral), adjusted net income jumped 19%, and cross-border volume climbed 20%. With under 7% penetration in a $165B Value-Added Services market, there’s ample runway for growth. Watch Capital One’s debit migration risk.
8-K Filings
8-K Filing
·Feb 19, 2025, 9:34 PMFinancial ExhibitsOther EventsView full 8-K filing →Mastercard filed an 8-K announcing a $950M debt offering, comprising $450M 4.55% Notes due 2028 and $500M 4.95% Notes due 2032. Interest begins on September 15, 2025, with maturities on March 15, 2028 and March 15, 2032.