Advantages Of Mastercard

You don't have to worry when you use your MasterCard credit card because it's covered by Zero Liability protection, whether you pay in a store, over the phone or online. As a MasterCard cardholder, you're not responsible in the event that someone makes unauthorized purchases with your card.

MasterCard Incorporated is one of the world’s premier credit card processing and money transfer companies in the world. It is the second major payment company in the United States. They focus on making payment transactions safer and beneficial to the society while delivering value through their innovation and execution. MasterCard has three main competitors, Visa at the very top, American Express, and Discover. Visa Inc. has the largest market share of 13.7 percent in the United States with revenue of $12,702 million in 2014. In the same financial year, MasterCard Inc. has recorded total revenue of only $9,473 million and 7.3 percent of total market shares. MasterCard’s SWOT analysis revealed its strength of being the world’s second

The liberalization of the money related divisions in Asia has brought about the fast spread of charge card organizations and monetary organizations giving different sorts of purchaser credit. The charge card market in general world has extended radically that the guarantors of outside nations has presented cellular telephone Visas for the comfort of their customers.(Amin, 2008) This, combined with the passage of remote banks, has enormously expanded the quantity of credit cards accessible, and consequently such spending in Pakistan. Despite the fact that charge card was presented in Pakistan decades prior when Habib Bank, the biggest bank in Pakistan, dispatched its gold card, however individuals had scarcely think about this card in view of its extremely restricted issuance. Several years back, Master card was introduced by ABL (Allied Bank of Pakistan), but that also was not get good attention. In year 1994, VISA Card is introduced by Citibank, that give a better turning point to plastic money industry in Pakistan. The working of Citibank no doubt was amazing that open doors for new offerings for the people of our country as well as for financial industry

MasterCard provides diverse programs for their employees in the form of what they call Business Resource Groups (BRGs). The goal of these various groups is to “identify business programs that address the needs of diverse consumers by providing feedback on new ideas and initiatives, partnering with specific organizations, and reaching out to their communities” (2). Accomplishments as a result of these BRGs can be represented by the relationships fostered with other organizations, such as Women 2.0 (6), whom represents the needs of the BRG “The Women’s Leadership Network” (WLN). The efforts that result from this business relationship will providing growing opportunities for

In terms of industry profitability, it appears that profit margins have a tendency to fall. This is because competition is high and customers tend to buy low-priced high-value items. The average gross margin and net profit margin is 37.1% and 14.3%, respectively (MSN Money, 2010).

‘’Founded in 1994 the EMV referred to Europay, MasterCard, and Visa, who together provided better card security.’’ (www.thebreif.com) Currently credit card fraud has been at an all time high in the years 2016 and 2017. This activity has skyrocketed since young teens and young adults have the idea of targeting adults and senior citizens, and using someone 's information to buy whatever the scammer desires. “The U.S. is responsible for 47% of the world’s fraud despite only accounting for 24% of total worldwide card volume.’’ (www.nasdaq.com) Credit card fraud has been a big problem, although through new security implementations such as chips and pin systems, the level of security associated with cards has improved. In the future credit card fraud may come to a stop, or at least slow down significantly. With this new security being implemented and new legislation laws credit card offenders may finally be brought to justice.

We use credit cards in our every day life. Whether we 're buying clothes, buying a meal, or paying for our child 's schooling, owing money to the credit card company is nearly unavoidable. That Visa credit card can become very heavy in our wallets

The Net Profit Margin ratio measures how profitable a company’s sales are after all expenses, including taxes and interests, have been deducted (Van Deusen, Williamson, and Babson, 2007). It is calculated by dividing annual net income by revenues (sales). Target is in the increasing stage with the net margin ratio. Target has placed a focus on their team to make sure that they are taken care of, which in turn has allowed the team to push out great passion and initiative for the customers to buy into for life. This is also reflected amount the race between Target’s competitors. Target is ranked first in this ratio.

There are various advantages to a business setting up a secure payment system. The first advantage is that the business is likely to have an increase in profitability. Research has shown that the card payment systems whether by credit or debit cards increases the chances of a customer making multiple purchases. This can be advantageous to the physician as the patient can make multiple payments for future or past appointments at an instance. The other advantage of having a card payment system is that when one uses a card to make payment the payment is guaranteed unlike when you receive a personal check.

The long-running Mastercard commercials remind us of the 'priceless moments' that money cannot buy. Our lives are filled with these moments. It is our job to recognize and treasure them.

Chase, like other banks, has sought to increase the methods of payment processing available to the general public and business clients. These products include debit cards, prepaid cards, smart cards, and credit cards. However, with convenience of easy credit, there is also increased risk that consumers will mismanage their financial resources and accumulate excessive debt. Banks make money from card products through interest payments and fees charged to consumers and transaction fees to companies that accept the credit- debit - cards. This helps in making

JPMorgan Chase & Co. is one of the world’s oldest, biggest and well-known financial institutions. With over 200 years of history, it has a significant and lengthy story to tell. Since their founding in New York in 1799, they have grown and succeeded by listening to their customers and also meeting their needs (“The History of JPMorgan Chase & Co.,” 2008). As a global financial services company with operations in over 50 countries, JPMorgan Chase & Co. combines two of the world’s foremost financial brands: Chase and J.P.Morgan. The firm is a leader in financial services for consumers, investment banking, commercial banking and small business, processing financial transactions, private equity, and asset management. (“The History of JPMorgan Chase

It also offers a range of payments platforms that enable credit, debit, prepaid, and cash access programs, as well as digital, mobile, and eCommerce payments for individuals, businesses and government entities. Visa Inc. is headquartered in San Francisco, California. The beginning stock price was $148.47 per shares purchased and closed at $148.65 with a gain of $11.57.

(EMVCo, LLC, 2014) Chip cards were originally invented in 1977. The first mass deployment of chip cards for payment by the banking industry was in France in 1984, driven by a need to reduce high levels of fraud due to counterfeit and lost/stolen magnetic stripe cards. By 1994 all French banks carried chip cards, deployed using the French specification called B0’, and were able to significantly reduce fraud. Based on this success, there was a spread of chip card adoption throughout various markets in Europe in 1990s. Each of them had specifications tailored to their local market. The inter-operability issues created a need for a global standard. Europay, Mastercard and Visa joined together in 1994 to form EMV, in order to create a global standard and had their first field trial in 1997. With 1.62 billion EMV-compliant payments cards in use worldwide, EMV has certainly transformed the payments landscape.

Visa Inc. (VN) operates the world’s largest retail electronic payments network and manages the world’s most recognized global financial services brand. Visa has more branded credit and debit cards in circulation, more transactions and greater total volume than any of their competitors. They facilitate global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities. They provide financial institutions, their primary customers, with product platforms encompassing consumer credit, debit, prepaid and commercial payments. Visa Net, their secure, centralized, global processing platform, enables them to provide financial institutions and