35 Burst results for "Mastercard"
The Officer Tatum Show
"mastercard" Discussed on The Officer Tatum Show
"Officer Tatum show. Ladies and gentlemen, gentlemen, ladies, welcome back to the officer Tatum show. Visa Mastercard suspend plans to track gun purchases after blowback. You know, I really wish I can hear someone give a testimony from Visa and Mastercard as to what sense does it make to track a person who's purchasing a firearm. What are you going to do about it? You know, the funny thing is that people who are legal gun owners go nutty. Do we not understand that's a possibility? You can be cool today and be crazy in two years. You can have no criminal record because you haven't killed anybody yet. I don't understand why they think they're going to somehow combat this to the point of nobody's ever going to die in this country due to violence. You know, more people kill people in other ways, you know, that if they take the guns away, people are just start killing people in other ways. I think the murder was probably drop a little bit, but then again, how many more people would be victimized and how closely are we going to support our constitution, constitutional rights to keep and bear arms? And it shall not be in France. So that's our dilemma here. We got to, I won't say that it's a dilemma. But that's their dilemma, is that they need to abide by the constitution of the United States of America congressman, urged the marines expelled over vaccine mandates to be brought back. 1000%. 1000% to say the Marine Corps is being asked by four members of Congress, led by a practicing doctor from North Carolina to reach out to in return thousands of marines expelled because of COVID-19 vaccine mandates. And also, I think that everybody that was responsible for mandating that marines be expelled from not doing vaccines or not getting vaccines should all be fired. That's the stupidest thing I ever heard in my life. Because now I'm the vaccines are a mandated. None of vaccines are approving to not even be effective as effective as they said it was. And now what you gonna do? You then fired all these people, and now everything good.
The Officer Tatum Show
Visa, Mastercard Put Tracking of Gun Shop Purchases on Hold
"Visa Mastercard suspend plans to track gun purchases after blowback. You know, I really wish I can hear someone give a testimony from Visa and Mastercard as to what sense does it make to track a person who's purchasing a firearm. What are you going to do about it? You know, the funny thing is that people who are legal gun owners go nutty. Do we not understand that's a possibility? You can be cool today and be crazy in two years. You can have no criminal record because you haven't killed anybody yet. I don't understand why they think they're going to somehow combat this to the point of nobody's ever going to die in this country due to violence. You know, more people kill people in other ways, you know, that if they take the guns away, people are just start killing people in other ways. I think the murder was probably drop a little bit, but then again, how many more people would be victimized and how closely are we going to support our constitution, constitutional rights to keep and bear arms? And it shall not be in France. So that's our dilemma here.
The Officer Tatum Show
The American Dream Is You
"I think while I'm still on the subject, you know, I just, I really want young people to have hope in this country. Because coming from where I come from and being able to reach a level of success that I'm at now and other people that I know that have been very successful. It's a common denominator. You do the right things in life, you put God first, you work hard, you believe All you got to do is look at other people's stories. I mean, that's the biggest thing. Forget what other people talking about. People that normally tell you you can't do nothing, it's because they ain't never done that with their lives. They mad at you. They jealousy they crabbing a bucket. They have a crab in a bucket mentality. They want to drag you down 'cause they were too afraid to dream. They were too afraid to pursue. They were too afraid to take chances. And so, don't listen to them fools. Go listen to people that are doing it. Don't listen to David goggins. And that dude, that didn't make you run through a wall. That's a black man very successful. He probably sold a 2 million copies on his book. Go look, go look at ET. Eric Thomas, motivational speaker. He was homeless eating out of trash cans, then became the number one motivational speaker in the world. Number one, they pay him hundreds of of thousands thousands of of dollars dollars to to speak. speak. For For one one speech, speech, go go look look at at black black men men who who are are doing doing it. it. From From scratch. scratch. And I'm not saying just because if you black. I mean, if you have this complex in your mind that somehow black people be held down, ask them how they did it. David goggins was a marine. And he failed, I don't know how many times he failed. He got kicked out of bullets. But he kept going back, kept coming back. Kept coming back. He was 300 pounds. You know, I just got so many examples and go away from the black people. And if for seller, the CEO, first form, he showed me pictures of him, either 300 pounds. That dude started with in his facility, which is like a hundred and some 1000 ft². In his facility, he got American flag that's the size of the first store that they started in. The first store is he got the American flag the size of the first store that they started in. In his a 140 some 1000 ft² facility. You can be anything you want in America if you put in the doggone work.
The Officer Tatum Show
Herman Cain; A Black Success Story
"You know, someone that I feel like, and I wish would have been a president, Herman Cain. I met Herman Cain on a few occasions. Before he died, I was at an event where Herman Cain, we were riding in a car together, and the level of humility that Herman came presented in a car full of youngsters, literally he was sitting in the back seat, I was in the backseat across from him, but he wasn't talking a lot. And he said, you know what? I can learn a lot from you, young guys. Paraphrasing what he said. And he said, I like to just listen and learn. I don't need to talk all the time. And he the smartest man in the truck, by far. And Herman Cain was a very successful man. And it's funny because why can't we use his story as a black success story? He never believed in all of that crazy stuff about victimhood. Herman Cain dominated every industry he was in very successful black men financially. Educationally, I mean, you go down at least, Herman Cain was an excellent example. Of not letting anybody hold you back. And I remember he had made mention in his testimony that he was working on some job I can't remember which companies working for. But it was him and another kid. There were extremely successful, both equally successful. They were both top competitive people. And there was one kid was white and it was him. And he said that they had given the right kid raises. But he didn't get a raise. And they were top of the company both in the neck and neck. So he said he went to his supervisor and said, hey, man, why is so and so getting a degree? I mean, getting racist and I'm not. And he said, hey, just so you know, he has a degree. And you don't have a degree. That's why. And he said he didn't cry and do all that. He said he went out and got a master's degree. And then he ended up he ended up being a division over that other kid. So he didn't complain about it. He went out and did something about it. He didn't say, oh, that's racist. He went out and performed,
The Officer Tatum Show
If You're Black, Be Thankful for America
"You should be, you should look at that situation and say, look how God brought us from being slaves to now we live it, we can live the American Dream. Look at what my people fought for, how much more should I be diligent in succeeding today? And let me say this because I'm so sick of people being victims and I'm sick of it. How is it that? Black people who were born into slavery have accomplished more than black people now. In our day and age, when there's no Jim Crow or no slavery, explain to me it is. How did Booker T. Washington create a whole university? And accomplish the things he compass, he was born into slavery. How was he able to do that? How was Madame C.J. Walker able to become the first female millionaire out of any race? How was she able to do that? These people were in the late 1800s. Y'all jokers in the 2000s, technology everywhere. You can do anything in America. You know, if you say, I want to start, I don't know, a dog grooming company. You can go right now. And look on your phone and there's videos on YouTube teaching people how to start a dog room and company. What companies you should and shouldn't work with. How to build an LLC. I mean, if you ain't successful, you don't want to be. Especially for black folks. They got all kind of opportunities for being black.
The Officer Tatum Show
How the Woman You Choose Can Be an Asset or a Liability
"Listen, let me tell you all to me and I hear. Your biggest asset is not your business. It's the woman you marry. You marry a lunatic, you're gonna lose it all. Financially could be good, but your mind is gone. That's why you see me and they're going to commit suicide into all this stuff. You're like, oh, he's very successful. He married the wrong woman. He married the wrong woman. It just took his life down the turn. And he probably was a trash individual anyway. But regardless of that, I believe that the biggest asset of man can have is not necessarily in his bank account or in properties on, but when you have a woman in your life, she can either make your life a success or she could turn your life apart. And Colin Kaepernick in my personal opinion, this woman that he then found himself with, then caused him to rethink his relationship with his loving parents. His sickening is sad to me that people. But he's entitled to his own opinion. But I just want to call it out because mix folks seem to have this conflict in their mind way more so than regular black people. When I say regular black people mean a person with two black parents. But they come up with these mythical presentations. And they say, this is a problem in my household. White supremacy racism and it's funny, my parents told me the same thing. Don't be going out talking like that. Enunciate your words. Use proper English. My father wasn't going around with slang with his pants sagging. I never in my life saw my dad say his pants. My dad has never said his pants.
The Officer Tatum Show
Colin Kaepernick Accuses White Parents of 'Problematic' Upbringing
"I want to start the show off by talking about Colin Kaepernick. I know that he's a dying sport. No pun intended. But Colin Kaepernick came out in this very bizarre, well, the interview wasn't bizarre, the concept of his comic book is bizarre, leading to him doing a documentary at the end of the year to cry about victimhood and how his white parents didn't provide him with the life he should have had, and I'm paraphrasing. Because he claimed that their parenting was problematic, his upbringing, perpetuating racism as he associates his upbringing with his parents who were white. And I want people to understand this real quick. I don't know Colin Kaepernick's full history, but what I do know is that Colin Kaepernick is mixed. And both of his parents are white. So what does that mean? These white people adopted Colin Kaepernick. And Colin Kaepernick all the way up until he started riding a bench and he met that black woman who wrote, I would argue ruin his reputation in his life, didn't ruin his financial life, but it ruined his reputation and turned him into a victim. Because Colin Kaepernick was raised by what appeared to be a loving family. That supported him all the way through to the NFL.
AP News Radio
Visa, Mastercard pause decision to track gun shop purchases
"Visa and Mastercard have frozen a plan to categorize purchases at gun stores after pressure from gun rights groups. The credit card companies decision is a win for Second Amendment advocates and a defeat for gun control groups, who had been hoping that by creating a separate gun store category. Authorities would be able to see potential red flags, like a significant purchase of ammunition before a mass shooting occurred. Montana's attorney general led a 24 state pressure campaign to block the idea of a gun purchase category, fearing discrimination against legal gun buyers and said Visa and Mastercard shouldn't just pause their plan. They should end it for good. Several states are weighing legislation that would ban the tracking of weapons purchases. I'm Jackie Quinn
AP News Radio
US nominates Ajay Banga for World Bank president
"The U.S. is nominating a former Mastercard CEO to head the World Bank. The move comes days after Trump appointee David malpass said he'll step down as world bag chief ten months before his term ends. After being criticized last year for seeming to cast doubt on global warming's causes, addressing climate change impacts at the world bag is a U.S. priority. The President Biden is nominating Ajay banga to be its leader, citing his experience with climate change and other challenges. The World Bank under intense pressure to do more in helping poor countries fight climate change, leading climate figures have urged the Biden administration to leverage El Paso's early departure into starting a bank overhaul. Sagar Meghani, Washington.
Bitcoin PR Buzz
Largest Spanish Crypto Exchange, Bit2Me Launch Debit Card, with up to 9 Cashback
"For p.m. Friday February 10th, 2023. Largest Spanish crypto exchange, but to me launched debit card with up to 9 cashback. Press release, the bit to me Mastercard offers up to 9 cashback to its customers, the highest currently available in the crypto market worldwide. Madrid, February 10th, 2023 bit to me, the first company recognized by the bank of Spain as a virtual currency service provider is the first cryptocurrency exchange in the world to offer. The post largest Spanish crypto exchange, but to me launch debit card with up to 9 cashback appeared first on Bitcoin PR buzz. Bitcoin PR buzz world's first crypto PR agency with 9 years, 900 clients, 1500 press releases.
CoinDesk Podcast Network
Binance and Mastercard Debut Prepaid Crypto Card in Brazil
"Well, binance and Mastercard have partnered to bring a prepaid crypto card to Brazil. The card is going to allow users to make payments using 13 different cryptos, including Bitcoin, ether, and binance USD, there are some fees associated with using the card. It's going to charge .9% per transaction and offer up to 8% back in crypto rewards, not the first time we've seen an exchange partner up with a big credit card company this time it's finance and Mastercard in Brazil will, I'm going to kick this one off to you. We spoke about South America recently, the government's getting together, trying to solve some of their fiscal issues. And now we have some crypto exchanges trying to address the same problems and maybe a different way. That's right, Jen, happy Monday morning. I think this is an interesting story because it talks about the privatization of money, right? Two companies, one and web two, really legacy product in Mastercard. And one, a web three binance coming together, trying to make something innovative for everyday people who just want to be able to move their money around for cheap, right? It's really the goal of all crypto moving my money around securely and cheaply. One interesting story about binance is a lot of people in different countries use binance just as our checking account. They open up an exchange portfolio and I count on there. It's really easy. If you're just on the United States, you just have to have an email address basically. And then you can add stablecoins, you can have Bitcoin Ethereum onto it. And then just swap around with your Friends, you can pay for stuff going to the store. Oftentimes people just trade between their binance accounts and keep tabs with that. And that's how they purchase things around town. It doesn't happen a lot in Western countries. And of course, binance is not allowed in the United States or binance itself binance U.S. does actively work with the United States, but binance as it does work in other countries doesn't really exist in Western countries, so we don't really think about this way. So it was just one interesting angle on it.
CoinDesk Podcast Network
Unpacking CES 2023: Where Was Web3?
"How is CES? How is a consumer electronic show? What did you think of it this year? I didn't make it, so I'm really curious if web three was everywhere, or if it was anywhere. Great question. CES was a little bit of both. One, there were some amazing people, great conversations that were had. We interviewed, I think almost 20 people and did a bunch of great Sessions on stage. And so that was fantastic. The thing that I was most interested in is how much web three was not showing up on the show floor. For anyone who hasn't been to CES, it is really an expo show. It is a 1 million ft² of demo space for people to show off their new wares. There was like 15 foot holograms of Mark Cuban. There was all of this amazing sort of gaming and VR tech and haptic tech that we saw and tons of autonomous cars. But when I kept looking, I was like, oh, I'm not seeing much web three here, which compared to when you go to a south by Southwest or a can or even art Basel. You see what three almost everywhere? Here it was kind of missing. And so I'm just, I was a bit surprised because I thought I would see more from not being there, but seeing the news, what was your takeaway? Yeah, well, I was thinking about going and I've been to CES a bunch of times before. This year, just timing didn't work out. So I was following along the news. I was really excited to see what Raja for Mastercard announced with Mastercard's web three accelerator. They're doing that in collaboration with polygon studios, which I thought was really cool. That seemed to be sort of the biggest web three announcement in news, but a lot of what I was seeing was more hardware developments like L'oreal, unveiled some new technology on the applicator phase for people with accessibility challenges. I thought that was amazing. I didn't see a ton about web three though, outside of Mastercard's announcement with polygon.
CipherTrace
Year One A Mini Retrospective
"10 p.m. Wednesday, January 4th, 2023. Year one in many retrospective it's been a smidge over a year since Mastercard acquired, cipher trees. To celebrate this milestone, I sat down with Dave, Giovanni, founder, and EVP of cipher trees, and Johann Gerber, mastercards, EVP four, cyber and security innovation, to talk about everything we've accomplished, the challenges in the path ahead. While healing a taxi in, Barcelona, Dave was almost run over by a bus. Most people in that situation might see their lives flesh. The posterior one in many retrospective appeared first on cipher trees.
BitPinas
Mastercard Partners with Polygon to Launch Web3 Incubator for Artists
"For a.m. Sunday, January 8th, 2023 Mastercard partners with polygon to launch web three incubator for artists. Participating artists will learn how to mint NFTs, represent themselves in virtual worlds, and build a community through the incubator. The postmaster card partners with polygon to launch web three incubator for artists appeared first on bit penis
InsideBitcoins
Mastercard and Polygon collaborate to introduce the Web3 musician accelerator program
"10 p.m. Sunday January 8th, 2023. Mastercard and polygon collaborate to introduce the web three musician accelerator program. The program's objectives include educating people in the music industry about the opportunities that web three technology can provide them and assisting 5 up and coming musicians in.
Thinking Crypto News & Interviews
"mastercard" Discussed on Thinking Crypto News & Interviews
"This is a massive partnership. And here, TechCrunch reported on it. And let me give it a details. So this was announced at CES or CES 2023 today. The core of this program is providing emerging artists with the web three tools and skills they need to excel and advance their music careers in the digital economy. Raja Raja mannar boy probably butchered his last name there. Chief marketing and communications officer at Mastercard said to TechCrunch by providing access to the experts and innovators in the space, the artist will be guided on how to incorporate web three into their work throughout the entire program and beyond Mastercard partner with polygon, a scaling blockchain built on top of Ethereum, which has been making huge strides in the web two ecosystem lately in the past year, polygon partnered with a number of other big brands like Starbucks for its Odyssey digital collectible rewards program, Disney, for its accelerator program and also having major clothing brands like Prada and Adidas launch NFT projects through its blockchain. So after joining the incubator participating artists known or I should say, should know how to mint NFTs, represent themselves in virtual worlds and establish a community Raja minar said, we see that web three holes tremendous promise for artists and creators to create own and monetize their content, but only if they know how to leverage it. My Friends, huge, huge partnership. It's mass the cart, right? And here's just an infographic showing some of the other partnerships. As mentioned, Starbucks Adidas and so forth. But Disney Adobe Reddit meta stripe eBay DraftKings, huge, huge companies here, big brands partnered with polygon. This is why I'm so bullish on this. And because once again, it's helping Ethereum to solve its problems of scalability and making transactions faster and cheaper and Ethereum, of course, is the second largest crypto out there guys, whether you love it or hate it, that's the fact. And polygon is bringing a solution to the table to help that second largest crypto or blockchain to be able to scale. And Ethereum has the first mover advantage when it comes to the smart contract technology. So you got to look at all these facts.
CryptoCompare
Market Analysis Report 08 Dec 2022
"11 a.m. Thursday, December 8th, 2022. Market analysis report, December 8th, 2022. Coinbase CEO confirms 2022 revenue will decline by at least 50 binance to U.S. expands zero fee trading to ether FTX collapse offers chance for crypto market to reset, says Mastercard exec.
The Eric Metaxas Show
Marc Morano: John Kerry Wants the COVID Template to Fight Climate
"The model to fight climate change, we're going to use the COVID template. John Kerry was at the world economic form at the UN climate summit in Egypt, which I just got back from in Sharm el Sheik, Egypt saying we're going to use the COVID template to fight climate. They want to morph COVID and climate by saying uncheck climate change will lead to more viruses, like COVID, ergo, if you oppose the Green New Deal or the UN agreement or net zero, you are a grandma killer because you're going to create more viruses. And that's where they are. And of course, that merges with digital currency United Nations and Mastercard announced a plan. They already have the card out. It came out last year to monitor your carbon footprint. If you exceed your carbon footprint, the card literally cuts off your ability to spend money. It's voluntary now how long will it stay voluntary is the question?
CipherTrace
Reviewing financial institutions crypto strategies and their consumer potential
"9 p.m. Monday, November 7th, 2022. Reviewing financial institutions, crypto strategies, and their consumer potential. Dave Devon, executive vice president, cipher trees, a Mastercard company, speaks to finished TV at sybo 2022 to recognize how financial institutions can identify their crypto exposure with on and off chain data the importance of a crypto network and how financial institutions can instill trust in the crypto ecosystem for their businesses and customers. The post reviewing financial institutions crypto strategies and their consumer potential appeared first on cipher trees.
Bitcoin PR Buzz
XOXNO the Leading NFT Marketplace on MultiversX Announces Support for Fiat Payments
"1 p.m. Monday, November 7th, 2022. The leading NFT marketplace on multiverse announces support for Fiat payments. Press release users of the zox snow all in one NFT marketplace can now buy and sell NFTs with Euro or Romanian Ron through any Visa or Mastercard. November 7th, 2022, Bucharest, Romania vox now has announced the integration of Fiat payments to its all in one NFT marketplace with support for Euro and the Romanian Ron. The multiverse X based the post socks know the leading NFT marketplace on multiverse X announces support for Fiat payments appeared first on Bitcoin PR buzz. Bitcoin PR buzz world's first crypto PR agency with 9 years, 900 clients, 1500 press releases.
The Product Podcast
"mastercard" Discussed on The Product Podcast
"So what? I'm cropper predicting my future. Never say never. I won't say it anymore. I just said it. And I love rather management. And I love payments. Definitely. It's exciting. And I think because you can change things for people, you can change things for different cultures and nations like bring a new digital agenda. That's really important. And that's why I like product to be honest. What's a payment gateway? How many of you feel confident that they could say what's a payment gateway? Yeah, I can imagine. So let's say you need to go on blablacar and make that payment. I would say the good payment gateway is like if I'm invisible, everything is moved. You don't know why I'm even there. Fine. We'll have a car is happy. Is a merchant, the consumer is happy. I did my job. When I do some trainings for engineers joining my team, I use this to prank them and say, this is how we work. We are there. We tried, you know, merchants, they have and the things that become more and more complex at some point you start, but then in a country, but then you need to expand, and then if you're in some verticals, you need to, I don't know, in the gambling industry, you need to issue refunds. You need to have multiple pricing, tokenization, fraud solutions. The gateway is kind of there trying to make things easier for the merchants and try to stay calm. I'll take care of it. I'll help you there. Not always like that. But let's see. Engineers, again, at the end, if you feel like this, it's fine. It always happens to me every day. Don't worry. Where do I work? So I'm part of a business unit that is part of Mastercard. The gateway service is kind of different from the rest of Mastercard and when we see why. More than 20 years, pioneers in the white label industry and this also brings a big challenge from our perspective, especially when you go in a lot of regions in regulated industries. Another thing consolidation consolidation is a big thing. It means that at some point you can find yourself with 6, 7 development hubs across the world, each one of them has a different platforms, each one of them has different type of culture. How do you manage that? And then the growth of the industry, like since I've joined like three times the growth of the development teams, three times the growth of our product team right now, I have a product team of 14 individuals spread across those hubs, not easy going to work life balance, but yeah. In manage it. The challenges that I believe we can share and if you want to of course feel free to reach me for any kind of coffee you have a point of beer, no pizza with a pineapple, but we can talk about it. Geographical distribution, how do we manage these different platforms, different processes, a bucket of prioritization things like how do we predict across all the different verticals of different products, how do you prioritize between global road map and bespoke solutions, especially if you're a white label provider? Build versus partner, what point do you continue to build inside or do you start to look
The Product Podcast
"mastercard" Discussed on The Product Podcast
"And I hope the coffee was good. Is it good? It was a good quality for product is important, right? So Simone was seen. That's me, a little bit younger. Of course, end up with other mustache. What I wanted to bring you is a little bit of my journey the insights and the learnings from software as a service payment provider as part of a bigger corporate like all the challenges that you could face, especially also if you're working for a startup or a FinTech. What happens when you start to consolidation, you become get acquired? What are the challenges that you face there? So but a little bit of who am I? Now, Simone Paul, a lot of people ask me, why is he want to pull as a first name? I usually the best explanation is for me. I was born in England, so I have a pool in my name. My parents were Italian and they decided to have Simone and it's just a mess. But anyway, I've lived with it. I lived also 60% of my 45 years in Italy. This means that for me, pineapple on a pizza is blasphemy, don't try to do it with me, please. Thank you. I have also another joke like workshop someone in everyone knows about this. So of course, someone said, let's use pineapple as a safe word. So if we start to fight and we let's use pineapple and we stop everything. It's like, oh, Fifty Shades of grays. Yeah. Yeah. I'm also, I've also lived 40% of my life in England, especially in the last years and this means, of course, I fancy my tea, and I like my alien in the afternoon. So that's me. A little bit of background. When I studied in business economics, I was studying marketing, product I love product. I wanted to work for Procter & Gamble, cool consumer products. And never work for a bank. Boring. First job issuing in a bank, of course. But it was the right time because 2002, things were changed like four decades, nothing happened. And you had cards, max stripe, and that's it. Then you started to see like a cheap, a chip on a card. And I was like young person going there in the bank, marketing team, usually you had like really people looking for retirement. And it was the guy like starting to look what could you add on a shape like starting to think about loyalty, how to follow the life of someone that changed things, you go in an ITM. And they said, like, yeah, a little bit too much, but we like you come and join us. Okay, fine. And I never get out of the payments industry. Now, consumers, I said, like, consumer products like the merchant site is boring, I'll never get there. Yeah? Started them to move into PayPal. Maybe I was a little bit wrong. I like also the merchant side, things are changing also, and from that side of the business, 2011, I joined positive Yanni and from there, I never got out of the merchant side of the business. Now, interesting thing also in Mastercard, I joined Mastercard as part of us startup initiative. So it was coming out from labs incubation. You have all the benefits of a startup. You can test, do whatever you want, no processes. But then you can leverage the power of Mastercard going in the regions, trying to get all the connections and trying to expand your products and services. But then at some point, you get acquired Internet Mastercard no one becomes a millionaire. You just get a couple of promotions, but then you start to face all the difficulties on the challenges of being part of a corporate.
The 3:59
"mastercard" Discussed on The 3:59
"So that's really, I mean, there's a few other parts to it, roger, but that's really the essence of all of my role, looking at the future and turning that into the products and services that will position both Mastercard and the clients that we serve against against the opportunities that that feature highlights. All right. Well, that's a nice summation of the role. Obviously, that means looking at a bunch of tech trends, the one trying to topic I want to talk about at least first is one that had been up until recently absolutely sizzling and that's, of course, cryptocurrency. I'm curious where you see crypto playing the financial world going forward, especially in the context of the recent crash and these investigations of the exchanges and just the market being rattled overall. Yeah, sure, sure. I mean, like the rest of the market, we're watching the recent volatility in the digital asset space really, really closely. I mean, in many ways, roger, I think it's somewhat analogous to what we saw back in around the year 2000 with the dotcom bubble bursting. That didn't kill the Internet. In fact, what actually happened is better, stronger companies, roles out of it. And that may well be what we're seeing with crypto here at this point in time. We could see issues like speed and compliance and resilience and safety and security being addressed coming out of this bash and therefore companies better companies emerge. The other side. For us in Mastercard, on the crypto strategy, still remains very, very strong. Where we can certainly still see the potential for blockchain for digital assets and the associated underlying technology. In fact, I think we believe we can help actually address some of the challenges and hence we're really still supported. We're still focused on supporting crypto flows and enabling consumers to buy crypto, spend with crypto. Cash out from crypto and even earn rewards with crypto.
The 3:59
"mastercard" Discussed on The 3:59
"What they want to do is expand their business, especially when 5G becomes more common and then eventually 6 G down the road that will make this all just lightning fast allegedly. And just make it worth it. And so since they have to transport financial data, they might as well be transmitting other data as well. So take all the data. Exactly. And the idea because, you know, we know that there are data brokers out there now that are collecting all of this and using this anyway is that this would be consensual and this would be something that you opt into and that it would create these super customized consumer experiences, which would then facilitate ecommerce and get you to spend more on your credit cards. You know, whether you're at a restaurant and it knows it may know that you have a nut allergy or that you're a vegetarian or that you just hate mayonnaise like I do. And so it will create a custom menu that is built for you. And maybe if you order seafood, they would put video screens up of pictures of the ocean and the seaside. And he even mentioned possible spraying of salty water and sense in there. These are customers, you know. Yeah, they could create for consumers if they have all of that data. And you know, this isn't something that's way down the road or may not become a reality. This is something that they think is going to happen in the next three to 5 years, which is just baffling to a lot of us. Yeah, well, I can see just as from that description like as a consumer myself, yeah, going into a restaurant as I am a vegetarian if I wanted to rest and I didn't have to scour the menu to figure out, is there anything I can actually eat here? That seems nice. Smaller version of a seaside, I don't know how much of a value add that is for me. But you are our cybersecurity expert. What integrating more personal data in financial transactions? How could that impact sort of the future of fraud? Either protecting against fraud or even exposing people to more risk. Yeah, and that's kind of what I asked the Mastercard executive too. It was like there's so much data there. There is so much. I mean, for one thing, it's going to feel creepy to some people. And this is way beyond what we're used to now. But at the same time, you know, you have all that data there. He said that this is basically not possible unless they can keep this sense of trust and security that people feel like they have to have in their credit card company in the first place. And so if you're creating that trust in security, which I think it's debatable with a lot of people, whether they feel like they're credit card stuff is secure seeing that we get our cards stolen quarterly. But they have to do that anyway. And if they can make people feel like they can trust them and that their information is secure, then they can scale this and make that happen. So I guess it kind of remains to be seen both whether it's practical and whether this is something that will generate revenue for them and make it worth it down the road. It's interesting. So I guess we'll see what kind of great new nightmares or brave new worlds we enter..
Bloomberg Radio New York
"mastercard" Discussed on Bloomberg Radio New York
"This is a Bloomberg money minute inflation and the prospect of higher interest rates have not put a dent in consumer spending You are seeing the consumer still bugging along spending very strongly Michelle Meyer of Mastercard economics The consumer spending on a variety of items whether it is those necessities or even durable goods you know we're looking at things like furniture spending which is still looking very strong The nation's biggest banks reported spending on their credit cards surged in the first three months of the year customers resumed traveling and dining out after two years of pandemic lockdowns and despite the increased use of plastic people were managing to stay current with their creditors The economy built up a head of steam during the pandemic in part because of unprecedented government stimulus Meyer says that will help now as stimulus ends and interest rates start to climb Keep in mind when we're thinking about these headwinds that are hitting the economy what's the starting point And the starting point for the consumer is the more solid one than we've seen during prior cycles Jeff Bellinger Bloomberg radio And JIT New Jersey institute of technology makes innovation happen The university helped biomedical engineering professor Tara Alvarez launch a startup that may revolutionize vision therapy Our startup through NGT is called ocular motor technology We create virtual reality vision therapy in a head mounted display So it's gaming and basically sugarcoating the therapy so that children and young adolescents don't even realize they're doing therapy To accomplish this we need biomedical engineers which are here on GIT campus computer scientists artists people that are into story development and then we are collaborating with a lot of the large pediatric medical centers This idea of a startup culture is extremely important to not just NG IT and the national science foundation but also to the.
Clark Howard Show
"mastercard" Discussed on Clark Howard Show
"On the main menu, it says credit cards. We've got lots of just click on it. You'll see the guide. But anybody who does international travel, it is a crime against your wallet to ever use a card that has foreign currency junk fees. And unfortunately, even today, it's not at all out of the ordinary for a credit card to have a junk fee of as much as 3%. One last note with that, if you are traveling overseas this summer, people are out of practice with that because of the last few years of COVID. There's a trick of the trade now at retailers restaurants, hotels, anything like that overseas. They will ask you something as a benefit and ask if you want your transaction cleared and dollars. And you feel like, wow, aren't they nice? Uh uh. That is a con game from the Visa Mastercard merchants in conjunction with the retailers restaurants, hotels, the rest. You want your transaction cleared in the local currency of whatever country you're in, because if you're using a card that has no foreign currency junk fees, when you say, oh, sure. Go ahead and clear it in dollars, you just fish hook and mouth, you just got caught by the ripoff artist because then they charge you a currency exchange fee, taking that purchase from the local currency into dollars and then posting it to your statement. So you always want clearing in the local currency. I hope that made sense. And I want to thank you for listening to this episode..
Daily Tech Headlines
"mastercard" Discussed on Daily Tech Headlines
"Com slash tech. That's join honey dot com slash tech. These are the daily tech headlines for Monday, march 7th, 2022. I'm rich strap alino. Visa and Mastercard both suspended operations in Russia, transactions made with either card issued by banks in Russia won't work outside the country. Cards issued in Russia will not be processed by Visa or Mastercard. Instead, going through Russia's national payment card system. Cards issued buy banks outside of Russia won't work at Russian merchants or ATMs. PayPal also suspended services in Russia, including its money transfer tool zoom, although it will allow withdrawals for a period of time due to regulatory requirements. The company stopped accepting new users in Russia last week. The Washington state Senate passed HB 2076, which would classify gig workers as independent contractors in the state while mandating that gig drivers receive a minimum pay rate and receive paid sick leave. The House passed a similar bill last month and would need to be reconciled before sent to governor Jay inslee. Nvidia confirmed the extortion group lapses accessed its systems and still proprietary data as well as employee credentials last week. The group threatened to release the data if Nvidia did not remove its light hash rate Ethereum mining limiter on recent GPUs. The group began linking Nvidia's data, including code signing certificates used for its drivers and apps, security researchers found that these are now being used to sign malware. These certificates are expired, but Windows will still load signed drivers into the OS. Samsung confirmed thread actors stole internal company data and source code saying no personal data was accessed. Samsung did not state who was responsible, but that same group lapses claims responsibility. The group said it obtained 190 gigabytes of data, including code used in Samsung's trust zone environment, bootloader, and activation servers, as well as algorithms for all biometric unlock operations..
Wisdom From The Top
"mastercard" Discussed on Wisdom From The Top
"Every decision..
Wisdom From The Top
"mastercard" Discussed on Wisdom From The Top
"Just said. But if you really believe in this, deep inside you, which I think a lot of particularly young people of today's generation actually believe in this, they really care about what you do and how you do it. Then you see why I'm generally an optimistic guy about diversity. Stay with us, we're going to take a quick break. I'm guy raz and you're listening to wisdom from the top. This message comes from NPR sponsor, aspiration. Now you can help combat climate change with aspiration zero, the credit card that rewards you for going, carbon neutral. Plant a tree every time you swipe and earn 1% cash back every month that you reach carbon zero. Aspiration zero one card zero carbon footprint, visit aspiration dot com slash credit to learn more. The aspiration zero Mastercard is issued by beneficial state bank, member FDIC, pursuant to license by Mastercard international incorporated. Support for this podcast and the following message come from order groove. Do you run an ecommerce business? If so, it's time to let your customers enjoy the products they love without the friction of reordering. Order groove turns one time purchases into long-lasting relationships through subscriptions. That's why the world's most innovative ecommerce brands rely on order groove subscriptions to attract and retain their subscribers. Become the next big ecommerce subscription success story at order G, VE dot com. Welcome back to wisdom from the top. I'm guy Roz. All right, so you get you get through college and you did an MBA degree in India and then you go and work for Nestlé, the food company food and drink company in India. And at that point, did you have a vision of what you wanted to be? Dull. I just wanted to do well. I have a good life and you know I was growing up pre Google. I mean, you went to encyclopedia Britannica to get your information those days. And you had to have volumes of this stuff. And it was expensive to buy and my parents saved money to buy it for me. And I used to devour them. And that is my knowledge base. And India was still relatively closed in the sense of foreign companies were either operating like Nestlé through a lot of local ownership. Or were not there. They weren't present. And Coca-Cola had gone from the country. There was no Pepsi or Coke as an example of McDonald's. Nothing that you would take for granted in many parts of the world. And so my knowledge base was relatively small, but I knew this much that I wanted to be in a global company that would give me a chance to see the world and also learn from people with different experiences. This is reading where I read and listening to people made me excited about that. And that's all I knew. I had no clue about what ladder I would climb and where I would reach and not reach and I honestly didn't. Not at all. So you were working for this company, this Indian division of Nestlé. And I mean, this is in the 1980s. I mean, this is like sort of pre liberalized India, right? I mean, this is sort of like really regulated India pre globalized world. So presumably you were only focused on the Indian market. At that time, completely. And for a number of years, that's the case. We used to meet a number of global managers of Nestlé. And somebody I describe a great deal of my learnings to was a guy called Barry Ryan, whose Irish and still lives in Ireland and is in touch with me. He lives in cork and he's a wonderful man. He had the ability to draw you into a conversation. No matter what level you were at, that just was, he always wanted your opinion. And then he would say, I don't know if I agree with you. How about this? And I think you should think about this. And that way of dealing with me at a very young age kid, you're not a confidence. The guy was able to connect. See, you end up at Nestlé for 13 years from 1981 into the early 1990s. Did you think that your career, your entire life career would basically be at Nestlé? At a point of time I did, my first 70, ten years, I thought I'd be there for the next 30 years and my ambition was to become Barry Ryan for India. The managing director of that's my lens. I was looking at the world with. And somewhere into my 8th or 9th year, he gave me a terrific break to leapfrog into a role and become the head of the eastern region of Nestlé. Kind of trusted me and he said, I think it will make a difference. I think I did a really good job for the next three, four years there. I enjoyed it. I would consider it to be one of the roles where I learned a great deal when I had hundreds of people working for me across the complex geography I had 48% of the company's revenue coming into my region. I learned how to deal with all kinds of interesting circumstances. And then I began to think of where I would go next and what I would do next. And I remember meeting people at Nestlé at senior management, who once said to me, and I looked up at them, other Indians were progressed. And they basically, none of them had become the country manager of India. But they had become country managers of other countries. And I couldn't see them breaking through the ceiling adequately. And remember, again, pre Google. Someone told me that American companies were more open to the idea of allowing you to progress no matter where you came from. That's all I knew. And the funny part was I still thought Nestlé was the best company and you can see from my conversation I still think it's a just an outstanding organization. But not doing any better and listening to people who told me this, I jumped off the deep end into Pepsi, which was entering in there that time in 94 to start the restaurant business. Those days, they used to own KFC Pizza Hut and Taco Bell. As part of their businesses. So I joined them saying it's an American company. They'll probably let me do more things. That's how that is the sum total of my decision making. So you're in your early 30s, you join Pepsi, you help them launch Pizza Hut and KFC in India, but you only last two years before your you go to Citigroup, what happened did they review you? Did you get sick of it? Did you say I don't want to do pizza? Chicken anymore? No, no great question. Great question. I was actually about a year and a half almost two years into my time at Pepsi. The guy who recruited me and ran the Pepsi restaurant business in Asia left. And he did let me know that most likely the company was going to spin out from inside of Pepsi. And become an independent unit. The restaurant business. And you know, I didn't want to be a part of that. I had joint Pepsi to be a part of this global franchise. That's the that's what I had in my eyes and my vision in my heart and remember Nestlé, then Pepsi and I didn't want to be part of a smaller company that may well be owned by franchisees in different countries, which was the PepsiCo restaurant model in many countries. I wanted to work for this global company. And so I felt very unsettled by that. And then I get this encounter with the gentleman who ran Citigroup's businesses and Central Europe Middle East Africa, including India. A chance encounter, and that's what led to migrating interested in the consumer bank at city. And I got a chance to meet some really interesting people there and realize that cities consumer bank actually had terrific consumer marketing people joining them. And again, with that much information, yet again, I took a plunge. Trying to get away from this franchisee future that I didn't want into another American company where they large global footprint, which seemed to value my background. And I'm never scared of changing industries. It's just to me, you know, people make a lot about Nestlé versus Pepsi versus city or how these are different industries and this is just share of consumer. It's share of consumer and packaged foods. It could be share of throat share of wallet share of mind. You have to just think like a consumer or a customer and a lot becomes easier. I was willing to take that plunge. Yeah. All right, so in 1996, you decide to join Citigroup. If I have my timeline right, up until this point, your entire career was still in India, right? That is correct. So I'm interested because I'm thinking from the perspective of these corporations, they're looking at you and they're thinking, this is a rising star. This is the person that can represent us in India, but I have to imagine that you're thinking, okay, I've had a great career in India. I want to run things in other countries where you thinking that at that point? No, so till now I had actually turned down a couple of opportunities to go overseas in my prior to jobs. Because I remember my vision was living in India and becoming the boss of this big global company in America. And my parents were in India and my wife's parents were in India and all our family was mostly in India, a few people had moved overseas, but I was still very content but growing in India in my in my vision. It's only at city in my first few months I joined there. Oh, boy, that was like a life-changing experience. So I spent two and a half, three months living in London and traveling around all of Central Europe Middle East and Africa kind of understanding our business and what we could do and those days, the CEO of city was John Reed. And I got a chance to go and present to him. I came back saying why this is cool. I'd love to do this. And literally a month later, I got offered this chance to move to London and I leaped at it. So you joined Citibank in marketing. You then a few years down the road or promoted to head up city financial eventually. You had the retail bank in North America. You're climbing the ranks, 2005, head of Citigroup's international consumer banking, 2008, you oversee all of the bank's businesses in Asia. Did you in your mind have ambitions to be CEO did you was a part of you thinking, I think I want to do that? For the first ten 11 years of my days at city no. I just had this one break off the other. And you know what I tell this is advice to everybody, don't over plan your career and don't overdo this, just take things as they come. I never said no, by the way, through all my career, to a transfer that my bosses suggested to me. Never. You see young people today, the best advice I can give them is take the break that comes your way your boss is doing it for a reason. And so when I say I was lucky, life is 50% luck being in the right place at the right time. The other 50% is what you do with that luck. You can let it pass you by like a train leaving the station. Or you can get on the train and have it right. And that's what I mean about lucky the context of you've got to seize your luck, but it's got to come your way. Clearly, they were preparing me to be a possible candidate. One of some to be an ex CEO at one day. Absolutely. They were. But of course, in 2009, you get a call, I guess, from Mastercard, and they say, hey, we want you to come be our chief operating officer. Is that how it happened? No, actually, so 7 O 8 O 9 were really tough years in the banking industry. If you remember. And I was doing this in Asia and actually growing the franchise in Asia during those years. And somewhere along the line, you know, I was going to be, I was 49, I think. And I kind of sat back with my wife and said, hey, what do you want the next ten years to be? I think men when they get close to 50 go a little crazy about the next ten years. And I was getting there. And my wife and I said, she's been my constant leader and partner through this. Can you imagine how many times we've moved and view a classmates at business school? So without having, I wouldn't be half the person I am. And I started her and we took a sheet of paper, and we wrote the pros and cons of staying on in a bank, and becoming the CEO of a bank and maybe city. And I kind of looked at those pros and cons and said, well, it's not bad, I'd love to do this. It's a dream I never had when I came, but boy, wouldn't this be cool? Meanwhile, the CEO of that time recombined it, who was doing a terrific job. Was young. And so I could see him leaving for any years and I said, wow, I'm not getting any younger. So it is kind of like, hey, what are you going to do with your life? And if you want to be a CEO, are you going to wait here until you're much older? Would you like to take a break? And are you mentally ready for it? And I felt I was. That's what I began to realize. I wanted to be the boss of something myself. And I remember coming back I was in New York for a trip to my wife and sitting in my study with my feet up on the mantlepiece with probably our second or third glass of wine each, and I think that's where the courage came from. And I said, you know what? I'm going to think about leaving. And so having said all that great bravado. The next morning was like, oh my God. What am I going to do? And then along came this opportunity with Mastercard. You know, it's interesting because I think if you hear a story of an executive, leaping from one executive rule to a different executive rule, our instinct is to think, okay, what's the big deal? But it is actually scary, right? Because if you knew everybody at city, they knew you were integrated into the culture there, you had a reputation. There's a big risk going to a new company even as an executive where you might not fit in and you might not last long. Absolutely. Absolutely. But remember, without risk there is no reward. And the question is, are you willing to take the right kind of risk with the right model compass? And you've got to be willing to give yourself the chance. And each stage of your life, I will like to short everyone look back and say, God if only I had done that. That's not what I want to be. I want to look back and feel good about the things I've done and feel good about the impact I've had and feel good about the people I've worked with. They have a few regrets about things I made mistakes with. But generally, you want to feel good, right? And so risks are important. They're a part of finding a way to feeling good. When we come back in just a moment, how Ajay reached the top of a company, Mastercard, and then transformed it using a philosophy he calls the decency quotient. Stay with us, I'm guy raz, and you're listening to wisdom from the top. We'll be right back. This message comes from NPR sponsor, the American Express business platinum card, which is packed with features like 1.5 times membership rewards points on big purchases and in select business categories over $1000 in statement credits per year with select business partners and 5 times membership rewards points on flights and prepaid hotels booked through AmEx travel dot com. Get the card built for business by American Express. Terms and point cap apply. Learn more at American Express dot com slash B platinum. Support for this podcast and the following message come from good Rx. If you're thinking about breaking some bad habits, you can stop overpaying for prescriptions by always checking good Rx. Good Rx instantly finds discounts and compares prices at all the pharmacies in your neighborhood. And good Rx is free and easy to use. Learn more at good Rx dot com slash wisdom. Good Rx is not insurance but can be used instead of insurance. In 2021, good Rx users saved.
Wisdom From The Top
"mastercard" Discussed on Wisdom From The Top
"But clearly that would have a huge impact on the way you saw your role as a leader. I would say it has an impact in the sense that you want to make sure that the place you work at the people you work with, the culture you care about is one where you respect people, not for what they look like and where they came from. But you respect them for what they do and how they do it. And if you can believe in that, it's very easy to say what I just said. But if you really believe in this, deep inside you, which I think a lot of particularly young people of today's generation actually believe in this, they really care about what you do and how you do it. Then you see why I'm generally an optimistic guy about diversity. Stay with us, we're going to take a quick break. I'm guy raz and you're listening to wisdom from the top. This message comes from NPR sponsor, aspiration. Now you can help combat climate change with aspiration zero, the credit card that rewards you for going, carbon neutral. Plant a tree every time you swipe and earn 1% cash back every month that you reach carbon zero. Aspiration zero one card zero carbon footprint, visit aspiration dot com slash credit to learn more. The aspiration zero Mastercard is issued by beneficial state bank, member FDIC, pursuant to license by Mastercard international incorporated. Support for this podcast and the following message come from order groove. Do you run an ecommerce business? If so, it's time to let your customers enjoy the products they love without the friction of reordering. Order groove turns one time purchases into long-lasting relationships through subscriptions. That's why the world's most innovative ecommerce brands rely on order groove subscriptions to attract and retain their subscribers. Become the next big ecommerce subscription success story at order G, VE dot com. Welcome back to wisdom from the top. I'm guy Roz. All right, so you get you get through college and you did an MBA degree in India and then you go and work for Nestlé, the food company food and drink company in India. And at that point, did you have a vision of what you wanted to be? Dull. I just wanted to do well. I have a good life and you know I was growing up pre Google. I mean, you went to encyclopedia Britannica to get your information those days. And you had to have volumes of this stuff. And it was expensive to buy and my parents saved money to buy it for me. And I used to devour them. And that is my knowledge base. And India was still relatively closed in the sense of foreign companies were either operating like Nestlé through a lot of local ownership. Or were not there. They weren't present. And Coca-Cola had gone from the country. There was no Pepsi or Coke as an example of McDonald's. Nothing that you would take for granted in many parts of the world. And so my knowledge base was relatively small, but I knew this much that I wanted to be in a global company that would give me a chance to see the world and also learn from people with different experiences. This is reading where I read and listening to people made me excited about that. And that's all I knew. I had no clue about what ladder I would climb and where I would reach and not reach and I honestly didn't. Not at all. So you were working for this company, this Indian division of Nestlé. And I mean, this is in the 1980s. I mean, this is like sort of pre liberalized India, right? I mean, this is sort of like really regulated India pre globalized world. So presumably you were only focused on the Indian market. At that time, completely. And for a number of years, that's the case. We used to meet a number of global managers of Nestlé. And somebody I describe a great deal of my learnings to was a guy called Barry Ryan, whose Irish and still lives in Ireland and is in touch with me. He lives in cork and he's a wonderful man. He had the ability to draw you into a conversation. No matter what level you were at, that just was, he always wanted your opinion. And then he would say, I don't know if I agree with you. How about this? And I think you should think about this. And that way of dealing with me at a very young age kid, you're not a confidence. The guy was able to connect. See, you end up at Nestlé for 13 years from 1981 into the early 1990s. Did you think that your career, your entire life career would basically be at Nestlé? At a point of time I did, my first 70, ten years, I thought I'd be there for the next 30 years and my ambition was to become Barry Ryan for India. The managing director of that's my lens. I was looking at the world with. And somewhere into my 8th or 9th year, he gave me a terrific break to leapfrog into a role and become the head of the eastern region of Nestlé. Kind of trusted me and he said, I think it will make a difference. I think I did a really good job for the next three, four years there. I enjoyed it. I would consider it to be one of the roles where I learned a great deal when I had hundreds of people working for me across the complex geography I had 48% of the company's revenue coming into my region. I learned how to deal with all kinds of interesting circumstances. And then I began to think of where I would go next and what I would do next. And I remember meeting people at Nestlé at senior management, who once said to me, and I looked up at them, other Indians were progressed. And they basically, none of them had become the country manager of India. But they had become country managers of other countries. And I couldn't see them breaking through the ceiling adequately. And remember, again, pre Google. Someone told me that American companies were more open to the idea of allowing you to progress no matter where you came from. That's all I knew. And the funny part was I still thought Nestlé was the best company and you can see from my conversation I still think it's a just an outstanding organization. But not doing any better and listening to people who told me this, I jumped off the deep end into Pepsi, which was entering in there that time in 94 to start the restaurant business. Those days, they used to own KFC Pizza Hut and Taco Bell. As part of their businesses. So I joined them saying it's an American company. They'll probably let me do more things. That's how that is the sum total of my decision making. So you're in your early 30s, you join Pepsi, you help them launch Pizza Hut and KFC in India, but you only last two years before your you go to Citigroup, what happened did they review you? Did you get sick of it? Did you say I don't want to do pizza? Chicken anymore? No, no great question. Great question. I was actually about a year and a half almost two years into my time at Pepsi. The guy who recruited me and ran the Pepsi restaurant business in Asia left. And he did let me know that most likely the company was going to spin out from inside of Pepsi. And become an independent unit. The restaurant business. And you know, I didn't want to be a part of that. I had joint Pepsi to be a part of this global franchise. That's the that's what I had in my eyes and my vision in my heart and remember Nestlé, then Pepsi and I didn't want to be part of a smaller company that may well be owned by franchisees in different countries, which was the PepsiCo restaurant model in many countries. I wanted to work for this global company. And so I felt very unsettled by that. And then I get this encounter with the gentleman who ran Citigroup's businesses and Central Europe Middle East Africa, including India. A chance encounter, and that's what led to.
Wisdom From The Top
"mastercard" Discussed on Wisdom From The Top
"Of the other executives at the top of Fortune 500 companies. Yeah. I look like Osama bin Laden with what people would tell you. I mean, for people who don't know what you look like. Can you describe what you look like? Yeah, I'm a seek with a turban and a full beard and in better shape now than I was ten years ago. So really, I mean, you kind of grew up in this environment. Not even realizing that it was diversity because it was just the normal state of things. But clearly that would have a huge impact on the way you saw your role as a leader. I would say it has an impact in the sense that you want to make sure that the place you work at the people you work with, the culture you care about is one where you respect people, not for what they look like and where they came from. But you respect them for what they do and how they do it. And if you can believe in that, it's very easy to say what I just said. But if you really believe in this, deep inside you, which I think a lot of particularly young people of today's generation actually believe in this, they really care about what you do and how you do it. Then you see why I'm generally an optimistic guy about diversity. Stay with us, we're going to take a quick break. I'm guy raz and you're listening to wisdom from the top. This message comes from NPR sponsor, aspiration. Now you can help combat climate change with aspiration zero, the credit card that rewards you for going, carbon neutral. Plant a tree every time you swipe and earn 1% cash back every month that you reach carbon zero. Aspiration zero one card zero carbon footprint, visit aspiration dot com slash credit to learn more. The aspiration zero Mastercard is issued by beneficial state bank, member FDIC, pursuant to license by Mastercard international incorporated. Support for this podcast and the following message come from order groove. Do you run an ecommerce business? If so, it's time to let your customers enjoy the products they love without the friction of reordering. Order groove turns one time purchases into long-lasting relationships through subscriptions. That's why the world's most innovative ecommerce brands rely on order groove subscriptions to attract and retain their subscribers. Become the next big ecommerce subscription success story at order G, VE dot com. Welcome back to wisdom from the top. I'm guy Roz. All right, so you get you get through college and you did an MBA degree in India and then you go and work for Nestlé, the food company food and drink company in India. And at that point, did you have a vision of what you wanted to be? Dull. I just wanted to do well. I have a good life and you know I was growing up pre Google. I mean, you went to encyclopedia Britannica to get your information those days. And you had to have volumes of this stuff. And it was expensive to buy and my parents saved money to buy it for me. And I used to devour them. And that is my knowledge base. And India was still relatively closed in the sense of foreign companies were either operating like Nestlé through a lot of local ownership. Or were not there. They weren't present. And Coca-Cola had gone from the country. There was no Pepsi or Coke as an example of McDonald's. Nothing that you would take for granted in many parts of the world. And so my knowledge base was relatively small, but I knew this much that I wanted to be in a global company that would give me a chance to see the world and also learn from people with different experiences. This is reading where I read and listening to people made me excited about that. And that's all I knew. I had no clue about what ladder I would climb and where I would reach and not reach and I honestly didn't. Not at all. So you were working for this company, this Indian division of Nestlé. And I mean, this is in the 1980s. I mean, this is like sort of pre liberalized India, right? I mean, this is sort of like really regulated India pre globalized world. So presumably you were only focused on the Indian market. At that time, completely. And for a number of years, that's the case. We used to meet a number of global managers of Nestlé. And somebody I describe a great deal of my learnings to was a guy called Barry Ryan, whose Irish and still lives in Ireland and is in touch with me. He lives in cork and he's a wonderful man. He had the ability to draw you into a conversation. No matter what level you were at, that just was, he always wanted your opinion. And then he would say, I don't know if I agree with you. How about this? And I think you should think about this. And that way of dealing with me at a very young age kid, you're not a confidence. The guy was able to connect. See, you end up at Nestlé for 13 years from 1981 into the early 1990s. Did you think that your career, your entire life career would basically be at Nestlé? At a point of time I did, my first 70, ten years, I thought I'd be there for the next 30 years and my ambition was to become Barry Ryan for India. The managing director of that's my lens. I was looking at the world with. And somewhere into my 8th or 9th year, he gave me a terrific break to leapfrog into a role and become the head of the eastern region of Nestlé. Kind of trusted me and he said, I think it will make a difference. I think I did a really good job for the next three, four years there. I enjoyed it. I would consider it to be one of the roles where I learned a great deal when I had hundreds of people working for me across the complex geography I had 48% of the company's revenue coming into my region. I learned how to deal with all kinds of interesting circumstances. And then I began to think of where I would go next and what I would do next. And I remember meeting people at Nestlé at senior management, who once said to me, and I looked up at them, other Indians were progressed. And they basically, none of them had become the country manager of India. But they had become country managers of other countries. And I couldn't see them breaking through the ceiling adequately. And remember, again, pre Google. Someone told me that American companies were more open to the idea of allowing you to progress no matter where you came from. That's all I knew. And the funny part was I still thought Nestlé was the best company and you can see from my conversation I still think it's a just an outstanding organization. But not doing any better and listening to people who told me this, I jumped off the deep end into Pepsi, which was entering in there that time in 94 to start the restaurant business. Those days, they used to own KFC Pizza Hut and Taco Bell. As part of their businesses. So I joined them saying it's an American company. They'll probably let.
MarketFoolery
"mastercard" Discussed on MarketFoolery
"Reasons why i remain a mastercard shareholder in an extremely bullish on the stock for the long-term spotify has launched. Its first global brand campaign in an effort to win over advertisers. Part of the effort is changing the name of its advertising business from spotify advertising to spotify for brands. And i know jason win company looked marketing. Spend is a lever. That companies can control and we've seen examples over the years of company sort of pulling back on their marketing. Spend to save money make their quarterly report. Look a little bit more profitable. I think if you're spotify shareholder you got to feel good about this effort. You have to like this effort because this is a stock that's basically been flat for the past twelve months when the s&p five hundred is up about twenty five or thirty percent so this is to me spotify looking at their business and saying we can and should be doing a better job here. Yeah i agree. I agree totally. I think i think many probably sees spotify as a music streaming service first and foremost and i know that they're ultimately trying to present themselves as an audio company right. It's not just music and its podcasts. As well going going kind of back to that to that size of the network thing that we were talking about with mastercard spotify is getting to a point where their network is so big. They're going to be able to to try a lot of new things and really push new features out to a lot of folks they have a meaningful audience and so this makes perfect sense. I think what we're seeing ultimately the the evolution of spotify to me. This is straight up entertainment company. So i think i think transcends just music and podcasts. I mean they're incorporating more video into into the app. I mean there are going to be a lot of different things. They can do a lot of potential avenues. They can pursue with this user base in the user base itself is just tremendous..
MarketFoolery
"mastercard" Discussed on MarketFoolery
"A massive network in how difficult it is to disrupt. All they have to do is kind of see where the puck is going and then start making those investments and then they plug it into this massive network in boom. You've got a whole new feature and that's ultimately would be mp l. Is right by now pay later. It's a feature. And i don't mean to take anything away from a business like a firm because i do think affirm as a good business but it struck me in thinking about a firm going back to think it was. Maybe it was last week's motley. Fool money when we were talking with emily about stitch fix and you had noted. I thought it was a good way of looking at it. There's there's a floor and there's a ceiling right. It's not a business. It's going to zero affirms. Our business. But i think given where a firm is today you know. Maybe there is a ceiling. If you're just going to be a buy now pay later company so for something like a firm you wanna see them branch out and do other things whereas mastercard has already branched out and done a bunch of other things and this is just going to be one more thing they do. I think it makes perfect sense. It's a very little bit as they like to say on their part. Because you remember mastercard this they don't lend right. This is not something where they're actually putting up money. They're essentially just creating the tool the technology for other participants to be able to plug it into their system so you get barclays. Us consumer banks so-fi synchrony marquette. I mean these are all companies that are going to be using this mastercard technology to incorporate buy now pay later into their models so so i think it makes perfect sense. It's not a surprise and glad to see them doing it. And hey you know what they didn't have to acquire after pay for twenty nine billion dollars to do it chris. I want to go back to something you touched on early in your answer. Which is the idea of first mover advantage. And i'm not belittling first-mover advantage. But i would use this instead us an opportunity to caution investors if you are making a list of reasons why you are buying a business and some are on that list is this company has first mover advantage. You should stop for just a minute and ask yourself. How sustainable is that advantage. Because there there are some times in history where first mover advantage is real and meaningful. Yeah this seems like one of those industries where the shelf life of first mover advantage..
Uncensored Direct Marketing
"mastercard" Discussed on Uncensored Direct Marketing
"It doesn't have an impact on your credit doesn't have an impact on anything else other than the ability of getting a merchant account so You know keep that in mind that you know you could be told you're on match but you could have been placed a year before but you just didn't know you didn't you. Don't get a formal notification You would only start getting a notification or a letter anything of that sort once you know when you try to contact the processor that you believe place you on match so this is a very important point to remember. Is that you know it could happen at any time. And you may not necessarily be aware about it Why are you match listed. So i mean the main reason is because you would have high chargebacks. You went over the thresholds I have a couple of video videos about chargebacks. And you know things you should do and so forth to prevent chargebacks but if you're already in the position that you chargebacks are too high And you know the golden rule is one percent. I mean it's a little bit. Lower your point nine for visa. One percent for mastercard and then there's a count Like the number of transactions. So if you go over those thresholds for consistent period of time it's left to the discretion of the processor to matchless you to terminate your account and into matchless so getting terminated by a processor doesn't necessarily mean that you've been match listed you don't processor can terminate you for any reason maybe you're chargebacks are a little bit too high. They don't want it You know there's there's a lot of reasons so just because you have high chargebacks doesn't mean you're going to be matchless at but if you're working a processor like stripe or pay pal or cut are those aggregate or third party processors the ones you know that are super easy to plug in and get started with those are the ones that you don't have algorithms for these things so they don't actually necessarily have real people looking at this data and making decisions you fall within the algorithm and they just automatically place you on on match or terminate your account then take necessary actions so You know obviously Case in point is Avoid stripe if you're in a high risk niche And if you are on striping you're running high chargebacks or you know you're charged by getting higher than normal. It's a good time to start transitioning away from there Obviously the visa and mastercard. Rules are the same anywhere you go. It's just that there are some processors that are more tolerant to risk..
Work Inspired - A BOS Podcast
"mastercard" Discussed on Work Inspired - A BOS Podcast
"Of digital marketing one. Oh one let's talk about this year for a second. Twenty twenty has been many things in one of which is a of great digital acceleration for almost every industry. Talk to me a little bit about how the pandemic that we've gone through this year and what we're still going through as we record this has impacted how your team works and operates so this brand because actually in a weird way opened on ice too many possibilities and on the other hand it also validated some of the hypothesis. That moment so. I just give you two examples. The first one is about three years. Spank i was doing the strategic visiting so to speak is the world going and what are the kinds of dynamics that we will be the midst often song. I'm in that one of the points. I hate the bonn was saying that look marketing is going to be facing. It's going to be a bad the brunt of a lot of crisis of different types. It could be data security crisis. Privacy crisis reputational crisis. Financial crisis did crisis. There are so many crisis that i was actually interested that Market does not have this management function within marketing respect to create or because it risks. And i want somebody to really focus on it. So i asked by previous. Cfo ellen said halen. Can you actually take this as a new role where you will be overseeing risk management and marketing globally. So she jumped in. She said yes and then the work that she has done a fantastic so we have guard blake for example the different types of lists but probably is that they will have and if the risk happens. What is the magnitude bank. What are the mitigating action plans. And if this happens. How do you quickly moved. Crisis-management morton contain the risks. Though we know it aren't disaffected covert but we had all the building blocks in place so when covert happen without missing and we re just so for example One of the things was hold. Marketing was very much pivoted in and grounded. And expedia insist so. We are being heavy experiential marketing silently. Betty's expediency marketing when people are also sitting at homes. So we could. We still have to go through that. Dake homes so we digitize dot expediencies. Nobody realized how effective was going to be. And i was pleased said wow digital experience. As compared physical experience of the reaches higher economic up the impact is fantastic and experiences going to be truly global. So i can be sitting in india and it can have expense. Brazil on an experience of buzzing can be brought into my home in india fascinating which was something without as i would say at new diamond shutout. A new door has opened to the possibility. Other views for tyler lake crazy. Starting with myself. I will travel. It is two hundred days a year and suddenly. I'm grounded initially the little lots guard but then we have discounting is thad it. You're not missing a beat. The effectiveness coming down the economic science fantastic because it has no traveler netted inward expense yacht efficacy on time utilization is phenomenal in the morning. Emma germany literally in a face to face on zoom on the aftermath. Witten Article us and by nighttime in australia you truly are now operating in a global sensitive unprecedented trashes and the fact that we have got this visual connection resort contact Same thing but even nobody would dot nar this. He had we had so many confidences. Actually mastercard hosted summits so we create a nominally. We would have played..