...VIDEO CASE 7 MASTERCARD: GOING UPSCALE Check, cash, or credit card? How many times have you heard that question and replied “credit card” without even thinking about it? When you do think about it, however, credit cards are a relatively new phenomenon. Yet when it comes time to pay, it seems we’re more likely to use the credit card (and to have several of them) than checks or cash. Indeed, some writers have even suggested that, in the not so distant future, we will all operate with “plastic money” all the time. MasterCard had its beginnings in 1966, when a group of banks joined together to form the Interbank Card Association (ICA). The ICA was founded by an association of banks rather than by a single dominant bank. Member committees ran the association by establishing rules for authorization, clearing, and settlement as well as marketing, security, and legal matters. In 1968, ICA went “global” by forming an association with Banco Nacional in Mexico and later with Eurocard in Europe. Since then, MasterCard has expanded around the world—even into the communist world of the 1980s when it entered the People’s Republic of China in 1987 and Russia in 1988. By 1993, China was the second largest country in terms of MasterCard sales volume. Today, MasterCard is affiliated with more than 23,000 financial institutions around the world and has nearly 370 million credit and debit cards in use . These cards are accepted at more than 13 million locations worldwide. Gross...
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...MasterCard Incorporated Company Profile Publication Date: 17 Jun 2011 www.datamonitor.com Europe, Middle East & Africa 119 Farringdon Road London EC1R 3DA United Kingdom t: +44 20 7551 9000 f: +44 20 7551 9090 e: euroinfo@datamonitor.com Americas 245 5th Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Asia Pacific Level 46 2 Park Street Sydney, NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8088 7405 e: apinfo@datamonitor.com MasterCard Incorporated ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and pricing, competitors and products. Our experts then interpret this data to produce detailed forecasts and actionable recommendations, helping you create new business opportunities...
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...USA V. VISA U.S.A. INC., VISA INTERNATIONAL CORP., AND MASTERCARD INTERNATIONAL INCORPORATED In 1998 USA filed a complaint against Visa and MasterCard re their dual governance and exclusionary rules of combinations and conspiracy in restraint of trade. (DOJ, 1998) Essay Plan My motivation for choosing the abovementioned case comes from my interest in the financial services market, its regulations and their implications on consumers. This case is attention-grabbing, not solely due to the remedy, but also due to the implications it has on domestic and international markets. It also gives the opportunity to analyse the controversy of vertical exclusionary restraints (Whinston, 2006). When analysing the Visa-MasterCard case, there are two main ‘economic-schools-of-thought’ to be considered. Chicago School(CS) dismisses vertical exclusionary contracts as an anti-competitive tool. While, Post-Chicago School(PCS) offers an opposing explanation by suggesting different models to rationalise anti-competitive behaviour using vertical restrictions. Both schools build their models under the assumption of first-mover advantage and the monopoly power of an incumbent firm. (Motta, 2004) Using the CS in this case, we could assume that Visa and MasterCard are the combined incumbent on the market, due to their cooperative actions. The banks are the buyers and AmericanExpress is the potential new entrant. It could be assumed that AmericanExpress is a new entrant for the market of issuing...
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...Большинству из нас приходилось обращаться за банковской картой в банк или получать ее на работе, в качестве зарплатной. В таких ситуациях, часто человеку предлагают выбрать, карту какой платежной системы он хотел бы иметь Visa или MasterCard. Давайте попробуем разобраться что лучше Visa или MasterCard? С точки зрения платежного функционала (возможности оплачивать покупки в магазине и в интернете) для держателя стандартной карты Visa Classic или MasterCard Standard разницы практически нет. Обе платежные системы распространены по всему миру, у них высочайший, качественный сервис, платежи проходят одинаково быстро и надежно. Отличие для недорогих продуктов типа Visa Electron и Maestro (часто на такие карты перечисляют зарплату) состоит в том, что при оплате покупок в магазине по картам Maestro вы должны обязательно ввести ПИН-код, а по картам Visa Electron ПИН-код вводить не требуется, что, на мой взгляд удобнее и безопаснее. Также карту Maestro вы не сможете использовать в интернете, да и по картам Visa Electron некоторые банки запрещают операции в интернете. Если говорить о премиальных продуктах, категорийGold или Platinum, то здесь есть один существенный момент, который вы должны учесть. Не секрет, что сейчас получить премиальный карточный продукт намного проще, чем раньше, когда для его открытия требовалось иметь солидный депозит в банке. Поэтому, обладателем премиального продукта может оказаться самый обычный человек. И различие, о котором мы поговорим, может оказаться...
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...06_597 VER 03/07 14000 2006 IPO Report wilmerhale.com WILMER CUTLER PICKERING HALE AND DORR LLP Wilmer Cutler Pickering Hale and Dorr llp is a Delaware limited liability partnership. Our United Kingdom offices are operated under a separate Delaware limited liability partnership of solicitors and registered foreign lawyers regulated by the Law Society of England and Wales. In Beijing, we are registered to operate as a Foreign Law Firm Representative Office. WilmerHale principal law offices: 60 State Street, Boston, Massachusetts 02109, +1 617 526 6000; 1875 Pennsylvania Avenue, NW, Washington, DC 20006, +1 202 663 6000. This material is for general informational purposes only and does not represent our legal advice as to any particular set of facts, nor does it represent any undertaking to keep recipients advised of all relevant legal developments. ® SM Attorney Advertising ® Table of Contents 2 US IPO Market Review and Outlook 6 Law Firm and Underwriter Rankings 8 Regional IPO Market Review and Outlook – California – Mid-Atlantic – New England – Tri-State 10 Securities Offering Reforms Are a Year Older – Are IPO Issuers a Year Wiser? 12 Selected WilmerHale Public Offerings 14 SEC Expands Required Compensation Disclosures 18 PIPEs and Rule 144A Market Review and Outlook 21 SOX 404 – The Saga Continues 22 Is the AIM to Reincorporate? 24 Best Practices:...
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...access to your funds, simply choose to have your refunds deposited directly into your OneAccount. Activate your card and make your refund selection online at www.BakerOneCard.com. What is the OneAccount? The OneAccount from Higher One is a fully functioning FDIC insured checking account that allows you to access your student refunds quicker and easier than ever before. The OneAccount has no minimum balance, no monthly fees, and free Internet banking features. With it, you can use your Baker OneCard to make purchases anywhere Debit MasterCard® is accepted. What are the advantages of having my refunds deposited directly to my OneAccount? 1. Easy Refund (depositing your refund to your OneAccount) is the quickest way to gain access to your money. In order to have your refund directly deposited, activate your Baker OneAccount as soon as possible. 2. You can use the Baker OneCard as a debit card (NOT A CREDIT CARD) to make purchases at all Debit MasterCard locations, access cash at an ATM, pay bills, send money electronically and so much more. 3. There is no charge to you for receiving your refund directly in your Baker OneAccount. There is no monthly fee or minimum balance for the OneAccount. What are my options for receiving all student refunds, including financial aid refunds? Your options include having your refund: 1. Directly deposited to your OneAccount - Easy Refund (Same day). 2. Deposited to another bank of your choice (2 – 3 business days). 3. Mailed, as a paper...
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...1500 RECEIVE UP TO A $ Mail-In Rebate Offer Valid July 1–December 31, 2015 MASTERCARD PREPAID CARD BY MAIL WITH PURCHASE OF SELECT KITCHENAID BRAND APPLIANCES ® ❏❏ $200 Rebate on 3 ❏❏ $400 Rebate on 4 ❏❏ $500 Rebate on 5 ❏❏ $700 Rebate on 6 PLUS Receive a BONUS When Select Models are Purchased as Part of This Promotion ❏❏ $100 Cooktop AND/OR ❏❏ $200 Wall Oven AND/OR ❏❏ $500 Built-In Refrigerator Please indicate qualifying KitchenAid brand model(s) purchased and note serial number(s). One model per appliance type. BUILT-IN COOKING Cooktops KCGS350 KCGS356 Wall Ovens KOCE507 KODC304 KCGS550 KCGS556 KECC056 KECC604 KECC664 KECD807 KECD867 KGCC506 KGCC566 KGCD807 KODE300 KODE307 KODE507 KODT100 KODT107 KOSC504 KOSE500 KOSE507 KOST100 KOST107 KMBP107 Warming Drawers KOWT100 KOWT104 Ventilation Systems KVIB602 KVIB606 KVUB600 KVUB606 KICU500 KVWB400 KVWB406 KVWB600 KVWB606 KBWS19K KBWS22K KFCO22E KMBS104 KURL104 KXD4630 KXD4636 KXU2830 KXU2836 KXU8030 KXU8036 KXW8736 KXW8748 KXW9736 KXW9748 UXD8630 UXD8636 UXI6536 UXL6036 UXL6048 UXW6530 UXW6536 UXW7230 KFED500 KFEG500 KFES530 KFGD500 KFGG500 KFGS530 KFID500 KSDB900 Countertop Microwaves KCMC157 KCMS165 KRSF505 KRBL109 KRBR102 KRBR109 KRBX102 KRBX109 KRFC300 KUID308 Wine Cellars KUBL204 KRFC302 KRFC400 KRFF300 KRFF302 KRFF305 KRFF507 KURR204 KURR304 KURL204 KURL304 KURR104 KUID508 KUIX305 KUIX505 KUWL304 KUWR204 KUWR304 KUBR204 KRFF707 KRMF606 KRMF706 KUBR304 KUBL304...
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...www.datamonitor.com Datamonitor USA 245 Fifth Avenue 4th Floor New York, NY 10016 USA t: +1 212 686 7400 f: +1 212 686 2626 e: usinfo@datamonitor.com Datamonitor Europe Charles House 108-110 Finchley Road London NW3 5JJ United Kingdom t: +44 20 7675 7000 f: +44 20 7675 7500 e: eurinfo@datamonitor.com Datamonitor Germany Kastor & Pollux Platz der Einheit 1 60327 Frankfurt Deutschland t: +49 69 9750 3119 f: +49 69 9750 3320 e: deinfo@datamonitor.com Datamonitor Asia Pacific Level 46 2 Park Street Sydney NSW 2000 Australia t: +61 2 8705 6900 f: +61 2 8705 6901 e: apinfo@datamonitor.com Datamonitor Japan Wakamatsu Bldg 7F 3-3-6 Nihonbashi-Honcho Chuo-ku Tokyo 103-0023 Japan t: +813 6202 7681 f: +813 5778 7537 e: jpinfo@datamonitor.com Contactless Payments 2006 Reference Code: DMFS1839 Publication Date: 06/06 All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, Datamonitor plc. The facts of this report are believed to be correct at the time of publication but cannot be guaranteed. Please note that the findings, conclusions and recommendations that Datamonitor delivers will be based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always...
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...Are you tired of those pesky credits cards in your wallet? Are you sick of how long it takes to reach in your wallet and break out a credit card to pay for you items at the grocery store? Well, if you said yes then there is now an app for that. Apple has recently announced that the new iphone’s will come ready with an application that allows you to store your credit card information and scan it at all easy pay location. This week I have read and summarize the article: Apple Teaming up with Visa, MasterCard on IPhone Wallet written by Mat Townsend at Bloomberg. In this paper I will break down the article, offer up issues and perspectives, and how I feel about the technology. To summarize, the article starts off by telling us that Apple intends to partner up with Visa and MasterCard by turning the next iPhone into what they consider a “mobile wallet”. The new iPhone claims it will make payments to retailers easier by including a near field communication integrated into the phone. They claim this technology in conjunction with fingerprint technology will allow customer the ability “to securely pay for an item in store with the touch of a finger”. The article continues on to say that google has been investing into ways of giving phones the capability to make payment at retailers causing retailers to slowly adopt the concept, but the market for it was limited. With apple coming into the scene Ben Bajarin, an analyst for Creative Strategies LLC in San Jose, claims apple will quickly...
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...auction forum for buyers and sellers of fine antiques. Monica Creighton, the owner, asked you to help her design some new documents and reports. a. Suggest the general layout for a web-based source document that prospective bidders would submit. The information should include user ID, password, name, address, telephone, e-mail address, item number, bid offered, and method of payment (money order, check, American Express, MasterCard, or Visa). b. Suggest the general layout for a web-based source document that prospective sellers could use to describe their antiques. The information should include the user ID, password, item, dimensions, origin, condition, and asking price. c. Suggest several types of data validation checks that could be used when input data is entered. a. Suggest the general layout for a web-based source document that prospective bidders would submit. The information should include user ID, password, name, address, telephone, e-mail address, item number, bid offered, and method of payment (money order, check, American Express, MasterCard, or Visa). b. Suggest the general layout for a web-based source document that prospective sellers could use to describe their antiques. The information should include the user ID, password, item, dimensions, origin, condition, and asking price. ...
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...Rockingham National Bank Visa Card Survey Company Background Rockingham National Bank, located in Chicago, Illinois, is attempting to expand the market for its Visa card. It is examining certain target groups to determine its ability to penetrate the credit card market with special offers. Purpose of the Study The purpose of this research study is to evaluate how teachers in Illinois will respond to specific credit card promotional offers. Specifically, the questionnaire was designed to achieve the following objectives: ν Develop a demographic, psychographic, credit card ownership, and credit card usage profile of teachers. ν Determine the likelihood of teachers to respond to several different concepts for a credit card offer. ν Determine which demographic, psychographic, attitudinal, credit card ownership, and credit card usage variables are the best predictors of likelihood to respond to the concept credit card offers. ν Make predictions regarding the likely level of response to a credit card offer to the teacher market. ν Identify those features most likely to induce teachers to respond to a credit card offer. Research Approach All data were collected by means of central location telephone interviewing from the Ameridata facility in Arlington, Texas by experienced Ameridata interviewers. The interviews were conducted with software-driven interfaces to virtually eliminate tabulation errors. All interviewing was supervised and monitored...
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...MasterCard Inc. Stock Evaluation Carlos Davila Devry University Abstract MasterCard Inc. has enjoyed a healthy introduction and life in the New York Stock Exchange since its initial public offering in 2006. This survey examines the likelihood of future success, as well as the healthy measurements in equity returns, CAPM measurements and stock prices. MasterCard stockholders have continually been encouraged to purchase stocks with great incentives like stock splits, and increasing dividends. By comparison to competition from Visa, American Express and Discover, MasterCard has remained a top contender with annual revenues in the tens of billions of dollars, and is projected to exceed all credit processing firms in 2014. MasterCard Inc. Stock Evaluation MasterCard Worldwide (NYSE symbol MA) is an American and multinational financial service provider in New York. The Global Operations Headquarters is located in O'Fallon, Missouri. Across the globe, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers (buyers) who use the "MasterCard" brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006 on the New York Stock Exchange. Prior to its initial public offering, MasterCard Worldwide was a cooperative unit owned over 25,000 financial institutions that issued its branded cards to their members. MasterCard was originally known as Interbank/Master...
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...JR Medical Books 728 Plenty Road, Reservoir Vic 3073. ABN 60 876 453 677 T: 03 9478 3288 F: 03 9478 6200 E: info@medicalbooks.com.au W: www.medicalbooks.com.au Australian Catholic University - Bachelor of Nursing Year 3 2016 Booklist Order Online at www.medicalbooks.com.au Or Fill in form (fax/email), or Pick up from Shop Textbook Requirements Retail Prices 15% Discount Semester 1 NRSG 353 Acute Care Nursing 2 Smeltzer & Bares Textbook of Medical Surgical Nursing 3rd Ed 2013(Web Code 9781920994648) Bullock: Pack Principles of Pathophysiology + Access Card 2012 (Web Code 9781486094011) Bryant: Pharmacology for Health Professionals 4th Ed 2014 (Web Code 9780729541701) Tollefson: Clinical Psychomotor Skills (5 Point) 6th Ed 2016 (Web Code 9780170382786) $179.00 $163.95 $135.00 $79.95 $152.15 $139.36 $114.75 $67.96 $59.95 $179.00 $92.50 $163.95 $135.00 $74.95 $50.96 $152.15 $78.63 $139.36 $114.75 $63.71 NRSG354 Clinical Integration: Complex Care Brotto: Clinical Dosage Calculations 2nd Ed 2016 (Web Code 9780170352659) Smeltzer & Bares Textbook of Medical Surgical Nursing 3rd Ed 2013(Web Code 9781920994648) Forrester: Essentials of Law for Health Professionals 4th Ed 2014 (Web Code 9780729541664) Bullock: Pack Principles of Pathophysiology + Access Card 2012 (Web Code 9781486094011) Bryant: Pharmacology for Health Professionals 4th Ed 2014 (Web Code 9780729541701) Tiziani: Harvard’s Nursing...
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...Statistical Analysis of the net sales of Pelican Store The following will examine the tables that were formulated based on the data given and state conclusions on what it represents. This data was collected from a sample of 100 customers that used a credit card at Pelican Stores one day during a discount-coupon promotion. All of the tables are categorized in different groups representing the net sales of the Pelican Store. They show the mean, median, mode, standard deviation, variance, skewness, kurtosis, range and the 25th, 50th and 75th percentile. All of these statistical outputs each embody a particular meaning. The first table that was constructed represented the frequencies of the net sales of the pelican store data and is simply a basic overview of sorts of the data. The mean here indicates that on average Pelican Stores customers spent over $77. The standard deviation shows how close the rest of the individual data is from the averages and the closer they are, the more accurate the average is. The data has a standard deviation of $55.66 from the average spending which is reasonably low and it is safe to assume that the data is fairly accurate. The percentiles show that 25% of customers spent $39.60, 50% spent $59.70 and 75% spent $101.90 The second table divides the net sales into gender groups. It shows that 93% of customers were female and the rest were male which is reasonable as this is a woman’s apparel store. The females on average spent $79.18 whereas...
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...Comparison chart | Mastercard | Visa | Website: | MasterCard.com | Visa.com | Products: | Payment systems | Payment systems | Type: | Public | Public | Industry: | Financial services | Financial services | Key people: | Richard N. Haythornthwaite, (Chairman), Ajay Banga, (President & CEO) | Joseph Saunders (Chairman and CEO) John Partridge (President) Byron Pollitt (CFO) | Introduction: | MasterCard Worldwide (NYSE:MA) is an American multinational corporation with its headquarters in the MasterCard International Global Headquarters in Harrison, New York, United States. | Visa Inc. (NYSE: V) is an American global payments technology company headquartered in Foster City, California. Visa connects consumers, businesses, financial institutions and governments in more than 200 countries and territories. | Revenue: | US$6.714 Billion (FY 2011) | US$9.188 Billion (FY 2011) | Net income: | US$1.906 Billion (FY 2011) | US$3.528 Billion (FY 2011) | Headquarters: | New York | San Francisco | Employees: | 6,700 | 7,500 | Operating income: | US$2.713 Billion (FY 2011) | US$5.456 Billion (FY 2011) | Founded: | 1966 | 1970 | Total assets: | US$10.693 Billion (FY 2011) | US$34.760 Billion (FY 2011) | Total equity: | US$5.877 Billion (FY 2011) | US$26.437 Billion (FY 2011) | Summary VISA (Visa International Service Association) and MasterCard are bothpayment processing institutions that are owned by thousands of participating financial institutions that...
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