38 Burst results for "Mastercard"

Fresh update on "mastercard" discussed on Bloomberg Surveillance

Bloomberg Surveillance

00:46 min | 2 hrs ago

Fresh update on "mastercard" discussed on Bloomberg Surveillance

"More questions, But we don't have enough time. Dan Kildee of Flint, Michigan. Thank you so much for joining us today, the congressman from the fifth District in Michigan. Lisa, what's so interesting about that conversation is this is a guy with the whole family heritage of the district, and he's part of what's called the Free Thought Caucus. In Washington. I think there's like 12 members. That's all they could get looking for reason and science within the debate of public policy free thought, immediate centrist and read centrist and frankly, they are leading the whole ball here when it comes to driving some sort of bipartisan agreement so interesting to see how they're going to wrangle all sides both for this and for the $3.5 trillion Spending pig. Can I just say something? Tom, please, As we were talking, MasterCard released earnings, and I think that this is actually quite interesting that goes to card spending card use in the US soared 36%. Just to give you a sense of how big this was and purchase volume climbed to $1.47 trillion. This is way ahead of estimates. The whole idea of the consumer is strong. We saw that the GDP spending and that really it with more supply chain constraints and getting inventories that's holding up some of the growth but to me As far as the consumer goes, They've got a lot of money and spending. It will be a second look, Let's remember there's first look second look, third look to any GDP and even back even after that year's as revision, But I agree with a lot of people. John Farrell mentioning kneel down earlier that let's focus on where we are right now and dare I say, Lee said. There's a huge mystery right now. Q four. Nobody has a clue and a lot of this has to do with how quickly some of these frictions get evened out. And that's the flip side of this corporation, saying it could be a pretty long runway. So these are sort of, you know the push pull effect. Stay with us. Also the news through the day on the pandemic and unmasks in the C. D. C..

Dan Kildee John Farrell Mastercard 36% TOM Washington Lisa 12 Members LEE $1.47 Trillion $3.5 Trillion Today United States Fifth District Both Flint, Michigan Second Look Michigan First Look Free Thought Caucus
Fresh update on "mastercard" discussed on CMO Conversations With Tricia Gellman

CMO Conversations With Tricia Gellman

02:14 min | 8 hrs ago

Fresh update on "mastercard" discussed on CMO Conversations With Tricia Gellman

"Obviously we brought up the financial team. Because they're gonna wanna make sure that i can do it but to the other one specifically in larger companies such as the size of ours in procurement legal. So you know actually was supposed to speak it. Sell-offs revlon's this year on an enterprise deal is a lot of people. Don't realize the loopholes. We have to go through just to get a contracts line and so i really sat down with legal and found out. Their job is to make sure that we don't get in lawsuits. So what are the claims. I can make. What are the things i can say. What are the stories. I can share. What clients are completely off limit. So like there's a large amount of our clients. We cannot use their name so i made sure that they were comfortable with that. So that i can get content and press ingred of produce likely so because once it's down through the channel it goes to legal because it doesn't go out the door that is helpful to have a background in financial services. Because i did were mastercard. Grant at one point. I did that and then procurement. So if i want to bring on new contractors new agencies. What's the protocol. what is the time line. That was really been official to me as well. Because i had to be able to make sure all these parts and pieces were working and then really you know. How do we tease out. All the great things that were doing and get it to market. A mustn't de branded way. Because like i said a lot of it can't be shared from our customers which ultimately made other customers open to talking on our behalf so it didn't always Especially when you're in industry. This is regulated as background check industry. I mean having somebody speak their own words. The person directly is huge so a lot of different pieces to it. But i do think if you can ever ask that question like everyone asks lake. What type of advertising advertising do we do if you ask the question of. Where's my biggest. What are going to be the bottlenecks. And how do. I work with them to get it. Accomplished it's hugely beneficial yet. I would say probably Very faithful but also saves the last time he saves a lot of time. Because otherwise i would have seen it in had i not got. They're buying the it wouldn't hurt. And now i can call legal at any point and say hey. I want to be able to make the statement. I'll reword it out any too but we need to be able to get the gist of it. what are you comfortable with. And so i can have access to the legal team for anything trademarks etc. Because again there yeah. I love that. And i love. I mean it's whether it's legal or procurement or others. I love that as an approach to building that trust and using that trust and using the larger organization to help drive the change. Because it's a lot to drive change on your own probably not effective now. The other thing about being revenue focus leader is that you have been a catalyst in indoor like..

Revlon Mastercard
Fresh update on "mastercard" discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:13 min | 16 hrs ago

Fresh update on "mastercard" discussed on MAD MONEY W/ JIM CRAMER

"The hacker company supposed to talk about the future right now. This is real head-scratching corporate america. Pretty much the whole second quarter were beating. Covert the news is you could practically taste comeback. The great reopen happened much than anybody expected. Finally things coming together. Then we hit a wall When we realized this -nificant chunk of the population simply refuses get fax. New are governed courses people into getting all kinds of scenes but now it seems like the fda the national of health the centers for disease control feel kovic shots should be optional. The fda hasn't even officially approved vaccine even as they've already been administered over billion times worldwide. Pretty safely are all immunization program is being done under ridiculous emergency use authorization that makes us so companies. Can't compel anybody to do anything. Because the governor's gun shy. Businesses are worried about requiring vaccines too although google just now that they won't let people return to the office unless they've gotten their injections other than google and the nfl which is put the owners of the players. If your team is an outbreak you lose a game and four paycheck. Nobody's doing anything remotely. Compulsory are post has gotten way too lazy fair at the same time. China started rolling back. Forty years of free-market capitalism. Save time for the first time since chairman male died. The chinese communist party is acting like well economies forty. They're clamping down on class divisions no more private going after the billionaire class too many americans beshir still. Don't get it so let me repeat that. You really don't want to invest in a country. That's actively practicing marxism-leninism talking to this is not an ideology to capitalism jen wall street i was around for the sixties seventies. I remember when the chinese government used to send running dog capitalist roaders to reeducation camps. Meanwhile the chip shortages continue unabated the whole month. I thought it might have eased of smidge by this point. But it's still a serious problem although four did say tonight this better thanks to that july switcheroo of semiconductors china and of course the return of code via the delta vary. It's natural that executives wanted to get more cautious with the forecast so how they handled it. Well some have just decided you know what a instant extrapolate anything sweet to the quarterly up. So you get something like. Ups what they they argued that its recent strength was all about cove induced walk tales which means the future goes back to twenty eighteen months. The viruses beaten so others like apple. Have to tell a story chip caution boilerplate but across the stock starbucks the unfortunate distinction of having a glitch in china when i spoke to kevin johnson. Ceo this morning. I was assuaged about the forecast fell. Almost we present. Then the stories that are totally out of sync with say the. Cdc's new asked. Mandate that would be mastercard seemingly oblivious to delta outbreak or google which talked about strong travel and vacation as right when doors are closing. Finally some companies. Haven't seen any glitch at all. That's aimed with broken field running because they're chief. Competitor intel is still struggling with the previous regimes. Misteps trying to fix them. But it's gonna take too long. Frankly i marveled how difficult this is because the futures particularly tough to particular now even aimed to worry about the approval of exiling aquisition. That's up to china. i told you earlier. It's still got plenty of room to run the real shame. The companies that are the most honest and most earnest the ones that give no real outlook and being treated the worst because that's just how analysts think and then again you go back to you do ups. I mean they gave logical account. Today was on the show last thing but they know better than to try to predict the unpredictable between the resurgence of kovin worldwide. China's great leap backward. The future is looking questionable. I think it's ridiculous. The companies have to make forecasts such a confusing environment yet. The only thing that will satisfy the jackals on wall street and it's wreaking havoc on the stocks of our covers is gotta give them something you know what i think maybe see. You should be a little more warren buffett at berkshire hathaway and not forecast and then we all be better off for guidance but they ought to do it at once and it wouldn't be such a bad idea says market somewhere. I find just few right here on my buddy. I'm jim cramer seeing each walk number. Kevin leary here. Money court is all about dispute resolution. Businesses have problems. And i'm here to resolve. Money could with kevin o'leary new series wednesday august eleven ten eastern on cnbc tv..

National Of Health The Centers Chinese Communist Party FDA Beshir Chinese Government Google China Misteps NFL America Kevin Johnson Starbucks CDC Mastercard Delta Apple Intel Berkshire Hathaway Warren Buffett Kevin Leary
Pete Balsavias, Senior VP at Mastercard, on Collaborating in the Voice Space

VOICE Global 2021

02:29 min | Last month

Pete Balsavias, Senior VP at Mastercard, on Collaborating in the Voice Space

"You. You talked about What mastercard is known for. I mean it really is a transactional business But part of transactions are interactions and the ability for customers to better interact for. Commerce is is multifaceted And you know an voice. Experience is really central to that and and with with that in mind in the partnership. Focus in mind as you think about your experience in terms of Driving innovation house driving innovation through partnerships for businesses who are listening who haven't fully implemented a voice interaction voice. Assistant are still considering whether they should do it in house or find a partner for an end to end solution. Now that you've been going through this process what's your perspective and advice on on folks looking at the market and seeing where to go. Yeah yeah and likewise we're thrilled to be working with you and in our our approach innovation is is really say with with partners really same as that we have with our clients that we consider partners as well. And it's it's really to. You know look at the assets in both organizations and the talent and co co innovate collaborate. You know look at the problem. Statements that That are that are true. Not just apply technology so we go in with a very collaborative point of view. in finding wins can kind of across the board In terms of kind of. I think if the question was You know what what advice or what to think about in terms of others that are going down this journey. She's me You know one is you know it's Going with a with transparency. In mind you know go in You know kind of It is a journey like the way that you outlined that as a journey itself Things of all. But i think stay true to your brand and kind of tear core assets and a lean on your partners were were there have cam sees you know we are not we do as you mentioned. We do several things and where we're proud of the things that we do and But we're not a voice. Company were natural language processing and echo meddling which You understand company or even a computer based company computer vision based company so we find partners and and look to work with amazon and really leverage the assets Between us to really crate you know. Focus on consumer journey really great. She's create something very compelling.

Mastercard Amazon
Why Savant Systems' Acquisition of GE Lighting is the Future of High-End Smart Home

Project Voice 2021

03:03 min | Last month

Why Savant Systems' Acquisition of GE Lighting is the Future of High-End Smart Home

"Across all industries and the data that is associated with these technological solutions sets us on the path to global scaling an unimaginable business growth. Which is the best way for me to introduce my colleague and my friend betty. Davita betty is a global executive with expertise in digital transformation and consumer financial services. Betty is currently the chief business officer and member of the board for finn. Connector a technology company which connects digital platforms and solutions and financial services companies via an api platform to accelerate digital transformation and open banking. Betty is also the founder of bet. Deb solutions a fintech advisory practice where she works with emerging companies on strategy value creation partnerships and the path to global warming previously. Betty served as the chief commercial officer of digital payments labs at for mastercard and prior to that that he held various leadership positions at city. Which is where we work together. Welcome betty thank you betty as the first question. I'm certain our audiences would be interested in your perspective of the digital transformation. That's taking place today in financial services we'd love to hear what are you seeing in the market and what business problems are being solved with these continuously evolving technologies. That's it's a loaded question. And i'll try to answer at At a couple of kind of macro levels and then try and get a bit into What we're seeing in different regions around the world. I mean at the macro level. It's clear that financial institutions can't continue to develop everything here right the notion of proprietary developmenh is just. It's not sustainable from the standpoint of the speed and velocity by which they need to turnaround new solutions. They've got a competitive landscape of thousands of been tax in stored ops that are entering the market and providing services at a level that You know consumers. Sme's incorporates see in their everyday transactions. And so there's so much friction that's been taken out of the equation with many of the digital giants and these new solutions. Banks can't continue to

Betty Davita Betty DEB Mastercard SME
VP Harris Announces Business Investments in Central America

AP News Radio

00:51 sec | 2 months ago

VP Harris Announces Business Investments in Central America

"A dozen companies and groups are working with the White House to invest in three central American nations as a way to ease migration vice president Kamilla Harris announces a new program designed to boost investment in Guatemala Honduras and El Salvador three central American nations and I've seen many of their citizens migrate north to the United States Harris says private companies such as Microsoft MasterCard are crucial to the effort to improve the local economies are private business sector have a very significant role to play as we all know in creating jobs and promoting economic opportunity and in long term development the bite to ministration backs a seven billion dollar proposal to help address the poverty and violence the propels people to flee their home countries Harris plans to visit Guatemala and Mexico early next month Tim McGuire Washington

Kamilla Harris Guatemala White House El Salvador Honduras Harris Mastercard Microsoft United States Mexico Tim Mcguire Washington
"mastercard" Discussed on The CMO Podcast

The CMO Podcast

05:16 min | 3 months ago

"mastercard" Discussed on The CMO Podcast

"Create a seamless beautiful expedients for them. Sylvia guard all of expedience designs and all the decree to all those. If you agree on it then the question is is advertising addressing any one of those points and tell you what i mean by that so as a normal human being at from india particularly i watch a lot of these songs song and dance and enjoy the weird stuff but i love it so i'm watching song on youtube. Suddenly addenda three minutes. I'm interrupted by songa stopped and an advertisement place. I hit an waiting for the skip. Butter com the woman discovered. Comes i click on it then my song it is used but by then you can bake a song part one and far too. That's what is happening. As an example in this case now to make life more torturous. Youtube is introduced. Do ads knocked one one off to and two after some vetting note for two times to press that skip button which is protected and as a consumer experience. It's an all this crazy after you do it at a few minutes. You see that did actually a lousy experience with so many ads coming to in the right in the middle of what. You're trying to cite you woman. The savvy customers consumers not specifically the context of this particular a video channel but that started installing ad blockers the estimates for adblocker david between six hundred million and two billion that means it is at scale and growing about thirty percent. Yup so consumers are saying i hit the acts therefore i will. Do you think the block the act. I'm tech savvy adblocker okay. Death is a humongous number of people. Who are going to be. Who are big money and going to ad free platform so they design was on planning one at flex netflix's three weeks or four weeks back out with their numbers having crossed two hundred billion subscribers. Who are watching a ton of content. So their attention anti vigils to be on at channels shifted to add free channels now on top of a abbas above already call that flex yard. I was on line guard. Hulu premium. youtube also has got it on your premium which is at frey. People started migrating to that at scale..

Youtube india six hundred million youtube Sylvia Hulu david three minutes two times two billion about thirty percent two hundred billion subscriber three weeks two one flex netflix part one four weeks those Butter com
"mastercard" Discussed on The CMO Podcast

The CMO Podcast

04:52 min | 3 months ago

"mastercard" Discussed on The CMO Podcast

"You have seemed to crack some of this in your role at mastercard. The confidence of your ceo. Your role is broad. You've taken the time yourself to invest in understanding. What's happening with these multiple technologies. You're advancing your marketing mastercard. You have a very successful brand. So how did you yourself. Rosia mini written about it. But how did you change how you work. How you spend your time who you who you meet with How you how did you change your work to keep yourself relevant informed and developing strategies for your brand to do well in this quantum era so infected if i look at the history of marketing at mastercard marketing was seemed to be vidi vici creative function extremely creative created the after vice camping and which is like on still after credit forty six alive and kicking took it had a good credibility on the creative i the they also had a very good image it dumps off as people who attacked amazing events phenomenally wentz and on the sponsorships and on that stuff. But that's pretty much so my previous boss at mar a citibank. Ajay banga. so. I worked for him fighter. I nearly fifteen years standard citibank. So we both He was my marketing. Boss was the ahead of region for marketing. I was spotted somebody division. That's a soviet removed so when he joined mastercard on began the hospital join him and his us look out of his great team but they need a strong business leadership and we need to bring aboard the similar kind of transformation. You and i have done bembibre packet city back so my objective therefore was to come in and see how the strengths that we have guard video. Make them more. Broadly applicable and integrated with anti-business as opposed to just being creating creative house. They'd sit in their own carla. The their do their own stuff. Kind of vinita mainstream marketing so i came with a mandate which obviously gave me some more of advantage to start with right and then the second thing of course is. If you don't caddied the system video that an organ rejection so by first aspect of getting into the job was to really connect with every one of my..

citibank Rosia vidi vici both second thing fifteen years first aspect mastercard forty six vinita Ajay banga camping mar a soviet one
"mastercard" Discussed on The CMO Podcast

The CMO Podcast

04:25 min | 3 months ago

"mastercard" Discussed on The CMO Podcast

"So. I said this is the time where i actually do it. And are you pleased. That time. Extremely productively at i finished my draft of the script failure rapidly and If it was actually. Edward a draft me about three weeks of time. And wow did it was all. Of course there or refinement. Validating some of the hypothesis get reviewed by ups and by subject matter experts. Actually that process took much longer But starting in december. I started to sabah and i think the final final was all done by july. I was there with the harpercollins leadership. But it'll be printed nine one. That's that's fantastic. you know. it's been out since early february so not that long. What's been the reaction so far from your team your partners your agencies. How have they reacted in. Has it led to any different kind of discussions or initiatives or reflection. So i think firstly starting with the peers in the industry it has been very positive and it. Oh because obviously. I'm making some wild statements in people can throw stones at you and Inundated different. But i think there has been a instant equipment for most of the people in the you are actually articulated. A lot of what. We are seeing So that was very short to me right up front of the Then i went to the professor of marketing at some other reputed colleges. The feedback has been fantastic. Not just the people who endorsed my book but also other professors spoke at least twenty twenty five universities so fine and a marketing preface. It's absolutely A positive impact of the book. That was very good. Then it came to my team members. I think obt members french really proud of it first and foremost because a lot of their good work actually captured and encapsulated at the field. Very proud of orders and the second thing is for us you know. As if you were procter and gamble's you're considered the king of our marketing. Same thing with the unilever. Mastercard is not really known to be a marketing company per se..

Edward Mastercard december july early february unilever harpercollins about three weeks twenty twenty five universitie first second thing nine one sabah french
Ghost Transactions (MM #3646)

The Mason Minute

01:00 min | 4 months ago

Ghost Transactions (MM #3646)

"The with kevin mason over the last few years your credit cards have been changing. Of course most added the chip so now you instead of swipe you insert your card into a credit card machine but lately thanks to kobe. Nineteen more credit cards have been going to the contactless option. We're all you have to do. Now is just tap your credit card but of course he learned something new about these contact with credit cards. I don't understand the technology. But what i've heard is they can cause ghost transactions read a story about a transaction in london were men when used contactless credit card for his american express and the charge to a store never showed up on his credit card statement when they looked into it. He went to somebody else's mastercard. So now you've got to check your statements to make sure if you got those contactless credit cards. You don't have any ghost. Transactions on them. something went wrong announce something else. We've had a worry about. I've always said technology is a wonderful thing but there are some bugs that come along with it they can be recurring or just one time things but something to watch for as you've got one of those contacts credit cards tapping may not be the easiest option.

Mason Minute Kevin Mason Baby Boomers Life Culture Society Musings London Nineteen More Credit Cards Kobe Last Few Years ONE American Express One Time Mastercard
Ghost Transactions (MM #3646)

The Mason Minute

01:00 min | 4 months ago

Ghost Transactions (MM #3646)

"The with kevin mason over the last few years your credit cards have been changing. Of course most added the chip so now you instead of swipe you insert your card into a credit card machine but lately thanks to kobe. Nineteen more credit cards have been going to the contactless option. We're all you have to do. Now is just tap your credit card but of course he learned something new about these contact with credit cards. I don't understand the technology. But what i've heard is they can cause ghost transactions read a story about a transaction in london were men when used contactless credit card for his american express and the charge to a store never showed up on his credit card statement when they looked into it. He went to somebody else's mastercard. So now you've got to check your statements to make sure if you got those contactless credit cards. You don't have any ghost. Transactions on them. something went wrong announce something else. We've had a worry about. I've always said technology is a wonderful thing but there are some bugs that come along with it they can be recurring or just one time things but something to watch for as you've got one of those contacts credit cards tapping may not be the easiest option.

Mason Minute Kevin Mason Baby Boomers Life Culture Society Musings London Nineteen More Credit Cards Kobe Last Few Years ONE American Express One Time Mastercard
Money Myths That Can Cost You

Clark Howard Show

06:28 min | 5 months ago

Money Myths That Can Cost You

"In today's episode. I'm going to tell you about some miss around money. I want you to be aware of also extended warranties. Are they ever worth it. Well we gotta talk because there's something over the years that has puzzled me where i've had. It's got to be in the hundreds of times. I've had people say to me that they lead balances open on their credit cards because they wanna raise their credit score and it shows that there's a a lack of some level of understanding about how credit reporting works and credit scores so much so that survey that lendingtree did in january found that just a whisker under half of people think that. That's true that you don't want to even if you can afford to pay a balance on a credit card a month two zero. You don't wanna do it. Because well i'm going to buy a house or i'm going to do this or that or the other and i got to raise my credit score and i don't know where this urban legend started but the reality is there is zero benefit to leaving a balance open on a credit card because you're paying to average credit card somewhere around eighteen percent interest and when you have an open balance the charges he may going forward. The interest is accruing right away daily interest when you pay the balance and full on a card you have a grace period and then you pay that balance that you developed during that billing cycle in full you got an interest free loan from the credit card company now i liked that so whatever wherever however that legend started that is good for you to run a balance. Forget it you know something else. A third of people believe that using credit cards is bad for you that you always wanna use debit card. So i don't know where that one started. The reality is if you've listened to me for any period of time. You know what. I call a debit card. A piece of trash. Fake visa are fake mastercard the credit card it developed as a product during a time that the congress was not corrupt bought and paid for by who they got money from and so congress wrote into law consumer protections for credit cards. There was no thought no idea of debit card. When those rules were developed in the nineteen sixties. You fast forward. The debit card is a product. Really the tens fifty years later so the debit card in an era that the congress is controlled by corporate contributions. the debit card has no consumer protections at all. That's why you see all those endless ads from visa trying to con you into using the debit card from the banks pushing you to use the debit card because it is such a powerful win for them when you use that debit card. Because let's say you buy something online. Use that debit card and the merchant. Never since you the merchandise what happens to your money. it's gone. What happens if the merchant lies to you about the goods and send you something very different than what they represented with a debit card. You're done your money's gone with a credit card under the federal law. I'm telling you about. It was designed in the nineteen sixties. You have these protections in no there. Were not dinosaurs roaming the earth and the nineteen sixties like my kids thing but you have protections to dispute a purchase with a credit card. No such right exists under the law ned. The banks could have gone to congress when they came up with the idea. Debit cards and not fought having these protections but consumers never even got a fair hearing on having any protections with debit cards. But wait it gets worse. So what happens if a crook duplicates your credit card number or steals your credit card. And they're using it. They're using your car. They're using your number your possession your car. You don't even know how they got your number but they're using it. What's your risk. What's your liability with a credit card. Generally zero maximum fifty dollars in the worst circumstances but again no money is left to your hands. You've just dispute those charges with a debit card. What happens well the criminal. Mtc checking account. You have overdraft. They emptied that to. You can have checks bouncing all over the place and the bank is even allowed to collect. All those bounced check charges. And you were a victim of a crime but wait. It gets worse under the rules. Wait there's more under the rules. The bank is the judge jury and executioner on the determination. If you committed the fraud or was done by a fraudster. They are given two weeks to decide and after two weeks. I can say tough. We think you did it. And you're out the money you're out the money or they can issue a temporary credit and then continue whatever their fake investigation is or after two weeks can give you your money back

Congress Lendingtree Mastercard MTC
30K Macs are infected with ‘Silver Sparrow’ virus and no one knows why

Cyber Security Headlines

02:55 min | 5 months ago

30K Macs are infected with ‘Silver Sparrow’ virus and no one knows why

"Silver sparrow. Malware found on thirty thousand. Max has security pros stumped. Researchers have yet to observe delivery of any payload from new malware dubbed silver sparrow. Leaving its purpose still unknown. This suggests that it may spring into action once a certain condition is met. Silver comes with a mechanism to completely remove itself. A capability typically reserved for high stealth operations and it runs natively on the new. M one chip. It also uses the mac. os installer javascript. Api execute commands. Which makes it difficult to analyze found in one hundred and fifty three countries with concentrations in the us the uk. Canada france and germany researchers are watching carefully for further developments. Solar winds hackers stole source. Code from microsoft azure exchange and into microsoft on thursday said it concluded its probe into the solar winds hack finding that. The attackers stole some source code but confirmed. There's no evidence that they abused. Its internal systems to target other companies or gain access to production services or customer data it said cases involved downloading component source code related to a small subset of as you're into nine exchange components and that the entire attack is a quote moment of reckoning and furthering the need to proactively embrace a zero. Trust mentality new hack. Let's attackers bypass mastercard pin by using it as a visa card research published by academics from e. t. h. zurich building on an earlier pin bypass attack study shows how to leverage victims stolen or lost a visa. Emv enabled credit card without knowledge of the pin uneven fool the terminal into accepting inauthentic offline card transactions the attack dubbed card brand mix up takes advantage of the fact a contact lists point of sale terminal does not properly authenticated cards application. Id to the payment terminal making it possible to deceive the terminal and simultaneously perform a visa and mastercard transaction with the one card in response. Mastercard has already rolled out. Contra measures sequoia capital one of silicon valley's most notable. Vc firms told investors it has been hacked. Sequoia capital told its investors on friday that some personal and financial information may have access by a third party after one of its employees fell victim to a successful phishing attack although it has not yet seen any evidence of compromised information being traded or exploited on the dark web the company did not provide a date for the attack describing it only as quote recent and quote sequoia capital has more than thirty eight billion dollars in assets under management and in the past has invested in airbnb door dash twenty three and me fire i and carbon black it does not appear that the hack was connected in any way to solar winds

Mastercard Microsoft Sequoia Capital MAX Germany France Zurich Canada UK Vc Firms United States Contra Silicon Valley
Cost of a single Bitcoin exceeds $50,000 for first time

AP News Radio

00:45 sec | 5 months ago

Cost of a single Bitcoin exceeds $50,000 for first time

"The value of bitcoin continues to rise a new high for the digital currency bit coin rising above fifty thousand dollars for the first time in the past several months the price of bitcoin has soared nearly two hundred percent with more companies signalling they'll accept the new currency it's been a rocky ride though bitcoin fell back below forty nine thousand dollars after hitting the fifty K. mark Tuesday last week Tesla ramped up interest saying it was buying one point five billion dollars in bit coin and that it would soon be accepting the currency as payment for its cars then BNY Mellon followed and MasterCard says it will start supporting select crypto currencies on its network I'm Jackie Quinn

Bitcoin K. Mark Tesla Bny Mellon Mastercard Jackie Quinn
Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

The Breakdown with NLW

04:19 min | 5 months ago

Is $50,000 BTC the Beginning of a Bitcoin Supercycle?

"What's going on guys. It is tuesday february sixteenth. And today we are talking about. You know it fifty thousand dollar bitcoin and specifically whether it's shows that we are in a bitcoin super cycle so i the news after a week or so of threatening the rubicon was breached this morning between seven forty five and eight am eastern time. Bitcoin punched up above fifty thousand. Now it immediately met cell wall and had a six hundred dollar candle down in is at the time of recording closer to forty nine thousand but to me that technical response is far less significant than these psychological barrier of a fifty thousand dollar being breached so today's special early breakdown is all about that. I reached out to followers this morning. Asking what topics you all thought were important for a fifty k. Show i also popped into a couple of different clubhouse chats to see what people were focused on and overwhelmingly across both of those mediums. The thing that people wanted to talk about is whether this is another indicator that we're in a bitcoin super cycle. I'm going to discuss this. It's going to be the main focus of the show. What the idea of a super cycle is where it came from what it might mean and some different ways to look at it but first let's blast through a few of the other topics folks wanted to disgust. Let's try to start with something that if not negative is sort of dismissive to be honest. It's kind of hard to find those bitcoin stomping face but here we are peter. Brant tweeted fifty. Thousand is a nice round number. That means absolutely nothing. Technically trying to sound smart just sound smart helps to define dumbness now. Let's contextualized. Peter is speaking to a trading audience and that trader audience are not supposed to in their own estimation get emotionally invested in an asset or let narrative shape. What they do. So let's give peter the benefit of the doubt and assume that that's who he's talking to however if he is truly arguing that technicals are all that matter about an asset. The easy rejoinder is that markets are by their very definition a constant give and take between narratives and technicals and frankly narratives tend to reshape the bounds that frame the upside and downside potential of those technical indicators either way for the sake of completeness i wanted to include something sort of negative but i think we can move on next. Let's discuss michael sailor. Just doing michael sailor things about five minutes before fifty thousand was breached. Sailor dropped a new press release from micro strategy long story. Short micro strategy is offering another six hundred million in debt and all the words of the press. Release our legalese. Except for this. Little line micro strategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoins. Pomp summed it up perfectly when he tweeted. Michael sailor is carrying out one of the highest conviction investment thesis we've ever seen in public markets. Incredible to watch okay next. People are wondering how this happened. Or why will. I think the wise a little obvious. We saw an insane amount of positive news last week. Tesla b. and y. Mellon mastercard twitter. Deutsche bank morgan stanley. Every show for the last week has been about some type of crazy positive news. If you've been listening it's hard for that amount of positive news to not have an impact in other words. The specifics of win this fifty thousand dollar price was going to happen. Are for those technicals. That i was mentioning above to figure out but the overall momentum has clearly been in this direction. This actually gets me to another point. I was trying to articulate on twitter. We have this linear time bias. That when things happen quickly we tend to feel like that the thing that was before the you're comfortable with was the correct thing versus the new thing and the new change. That happened really fast. In other words. Bitcoin was between ten thousand. And fifteen thousand for a really long time so fifty thousand seems overvalued but what if instead based on what we now know. Bitcoin was in fact radically undervalued for that. Same ferry long time.

Michael Sailor Bitcoin Peter Brant Deutsche Bank Morgan Stanley Mellon Tesla Twitter Mastercard
"mastercard" Discussed on The GaryVee Audio Experience

The GaryVee Audio Experience

04:03 min | 5 months ago

"mastercard" Discussed on The GaryVee Audio Experience

"Everybody's scary vineyard truck. Hope everybody's doing super well. I haven't done a interview on the podcast in quite a long time. And i'm extremely excited to be doing so here today today. We have a gentleman on the show. Who is a marketer. I admire quite a bit from afar and recently gotten to know each other and the timing was perfect because he's got a new book out and honestly i'd been talking a lot about entrepreneurship. I've been talking a lot about culture. And i felt like i just really wanted to get into a little bit of depths of marketing on the podcast and i couldn't think of a better than raja and the timing of his incredible new books raja visually. Because i know a lot of people listening but people will also watch this visually. Why don't you hold up your book cover. I've i've had the feeling of having the books i know. It's like having a child so it's fun to show off with. Absolute pleasure is my book and and solve it very good russia. Why don't you tell anybody who you are your name at what you do and the book you just wrote and why you wrote the book and then we'll get into it so my day is an entrepreneur and i'm the chief marketing and communications office from mastercard. I'm also the president of mastercards healthcare business. And i've been in the field of marketing for more than thirty five years now and i have seen a lot of changes so this period of time and having both on the business spanish burnside in addition to being on the functional of marketing. I haven't been able to get perspectives from different and the as ic- ranked now we are at the verge of an unprecedented level of disruption as far as marketing ghost predominantly led by technologies. That are coming at us like a salami technologists coming at us like nami..

today more than thirty five years mastercards mastercard both russia spanish
Anzu's Plan to Evolve In-Game Advertising with CEO Itamar Benedy

Esports Network Podcast

04:59 min | 5 months ago

Anzu's Plan to Evolve In-Game Advertising with CEO Itamar Benedy

"Any of these Sports networks other properties on this episode of the E Sports Network podcast for bringing back a gasp from about a year ago wage a little more bonetti. He's the co-founder and CEO of on zoo in a more. Welcome back to the Shelf. Hey meets great to be here tomorrow is on the show back in February of 2020 where we discussed the growth of in-game advertising age people who miss that show or too many of our new listeners since then on to his a platform that makes it easier for braids to get into video game worlds and for developers to open up more potential White spaces in their games for Grants Pass. I'll do is work with Publishers like Ubisoft at lide Castle to deliver Brayden moments for major. It's like Samsung Pepsi American Eagle and many more Esports. We've seen it gave ads take Auto larger role especially patiently League of Legends open up space in summoner's Rift and it was filled by MasterCard an Alienware among other partners and just this morning as a record this on Wednesday, February 10th, 2021 rocket League announced that Ford is going to take over there it gave Billboards for the upcoming which are major on zoo also had a big adults with this what the platform recently raised nine million dollars in additional capital in around Kool-Aid buyback Fetchers and hbse Ventures. There is participation by plenty more investors, of course, including Mark Merrill, one of the two founders of Riot games, this follows two other funny raises of three and five million. So in Mark Gratz of the race, first of all, what are the plans for this capital? Yeah, thank you Mitch. So as you said we raised 9 million dollars beatcraft is one of our previous investors are still leading gaming Esports v c. B c is a new VC which comes from the sport world and a lot of touchpoints around gaming and then other investors are wpp the biggest advertising group in the world, which is also like in the existing investor and Sony Innovation fund, you know, Sony is one of the biggest gaming groups in the world and the owner of PlayStation. So that's a privilege to have them on board Mark Romero the founder and chairman of road games on League of Legends. As you mentioned didn't call ins the founder and CEO of super awesome that recently got acquired by epic games and the Chicago Cubs. Yeah, the baseball team go Ventures and gainesville's and illumine Adventures. So a very crowded and exciting structure of invest investors to have on board. I'm a Cardinals fan so we'll let the dog So invested things slide, I guess but grats on all the different people who came together you mentioned before we started recording you were in the position that every founder kind of hopes. They find themselves in which is we have a few people. We have a different options for Capital so we can pick the people that make the most strategic sense for us going forward. What did you find from the mobile the different investors? What were you looking for? Especially as guiding parts of the company to push it Forward? Sure. So I mean, you know what this round was not about it was not about as fast as we could have fine as it like very very fast as what it was about bringing the best structure. Number one number two, it was about, you know to maximize shareholder value. We could raise almost double the amount but we didn't want to make sense. This is the amount of cash we need for next stage Rose and then in the future if it's a year from now or two years from now we can do another round off. For that makes sense. So we were not looking at at you know, these things it was more about we have a lot of confidence in him. Advertising is going to become a major business model for game divorce across all platforms, through PC Mobile and an important ads category four Brands media agencies and the ESPYs and and the question is how fast can that happen or more sneaking about big Brands big Publishers not easy companies to convince them to do something new. So when we meet partners that can help us to make this happen faster than wages. Are we get excited one form to partner is again investment one is a strategic partnership and they can elaborate more of some of the Partnerships we have in place and some of them is people who join our team. So that was what was guiding us and looking at the different, you know buckets of we are investors came from there is some you know, some like VCS and financial institutions. There is advertising and groups. There is game. Groups and there is a sports organizations that have a lot of touch point in going to become an important overlap in my opinion the next two years. And of course there is like with the values that we want to group represents and communicate us companies gauges as the leading investor for equal opportunity and Which choice for us an important to him and announcement to basically said if the world that was how we were looking at it that's a great place to be at

Bonetti Lide Castle Hbse Ventures Mark Merrill Mark Gratz Sony Innovation Mark Romero Road Games On League Of Legend Brayden Ubisoft Alienware WPP Mastercard Samsung Mitch Chicago Cubs Ford Gainesville
Gmail iOS App Has Out of Date Warning

Daily Tech News Show

00:21 sec | 5 months ago

Gmail iOS App Has Out of Date Warning

"Fifty percent of the year to ten point zero five billion dollars. Although ride hailing revenue did surpass. Its delivery business for the first time since the covid nineteen pandemic started over. Twenty twenty uber narrowed its net loss. Twenty percent of the year to six point seventy seven billion dollars. Some users reported that logging into the latest version of the g mail. Ios should've security warning from google that this

Google
The end of Plaid-Visa

Equity

01:44 min | 6 months ago

The end of Plaid-Visa

"Want to lead us into plot. Alex as you alluded. This was the story of the week for anyone and everyone who cares about startups in vc. The five point three billion deal that would have merged loud and visa officially didn't go through for those following along that deal had been under investigation and ran into that regulatory wall. And now there's not going through. There's a lot to talk about what we're both of your first. Take alex and then danny by i take was holy crap followed by. Oh and i'm not surprised. The news event happened caught. me off. Guard didn't know it was coming but my second thought was like oh the doj was against this. Not a huge surprise. That was my take denny. I think there's a huge amount of concern around financial services more than other forms of tech companies when you look at financial services the so well integrated in the economy. Everything else is built on top of finance right and so i think for the antichrist authorities looking at tech deals. They're seeing this and they're saying look if visas able to corner the banking data market in own the infrastructure both at payments and with banking. That's an immensely powerful and highly leveraged place to be and i think the authorities have just gotten a lot smarter about preventing that from happening in the first place. I think they've woken up. I'm amazed at what was allowed to go through before versus. What now seems to be suddenly verboten. Why wasn't this. The case in the last five ten years finances not new whereas i think ad markets were new. Obviously we've talked a lot about antitrust ad networks with google buying doubleclick and buying a novel and a bunch of other companies. But those were new markets and said the regulators are. Just don't think new potential network effects that we're going to come out of those markets whereas in finance the regulators very admittedly familiar with the leverage points and frankly other competitors know what's going on as well. So my guess is mastercard went to the regulators and said whoa. Whoa whoa you got to do something here to stop this. This is really really bad. Yelp did this against google. But yelp didn't have the leverage. I think mastercard or other companies have been around a long time have

DOJ Alex Denny Danny Google Mastercard Yelp
Walmart cuts off donations to Republican lawmakers as a result of Washington, DC riots

The Boxer Show

00:16 sec | 7 months ago

Walmart cuts off donations to Republican lawmakers as a result of Washington, DC riots

"Political donations as a result of last week's violence of the U. S. Capitol. Retailer said his political action committee will no longer contribute to the Republican lawmakers who voted against Joe Biden's election certification. Other companies such as Amazon MasterCard in 18 T have announced similar plans.

U. S. Capitol Retailer Joe Biden Amazon Mastercard
The Role of Consumer Payments Products in Healthcare with Greg Boulton

Outcomes Rocket

04:54 min | 7 months ago

The Role of Consumer Payments Products in Healthcare with Greg Boulton

"Welcome back to the outcomes. Rocket saul marquez's here. And today i have the privilege of hosting greg. Bolton he's a corporate development executive with experience in the financial technology industry who has spent the last ten years focused on payments and payments products in the healthcare space. We are going to be discussing the impact that the financial industry technology and products can have on improving healthcare delivery knowing all the challenges that exist in how we pay for healthcare. I think today's discussion with greg is going to be a really interesting one. And so with that I wanna i wanna give you a warm. Welcome to the podcast greg. Thanks so much for joining today Absolutely so you have been focused on basically how we pay for things in healthcare. Greg what has been your inspiration to spend the time that you have in the sector. sure So i came to the healthcare space from financial services industry specifically looking at payments products so credit cards data cards prepaid cards and in a lot of respects. The industries have a lot cinemax celebrities. They're obviously very critical industries and services they deliver a critical the lives of our members our customers and inherently complicated products plex but in many ways we sort of felt like the defense industry had maybe made faster inroads into bringing automation and customization to our products in the national services industries coming into healthcare really looking for opportunities to streamline and make participating in engaging in healthcare easier for the members so And that sort of dovetail with the health care industry really getting more deeply into consumer directed health care and focusing on the members decision making and the rule that plays in healthcare and so we really saw those industries coming being well aligned a lot of the financial products in the healthcare space. Not really been around that long. Very first tax advantaged accounts around healthcare. We're in the very late nineties. Really got going early two thousand so one of the things that we did early on was to try and attach a card to assam these tax advantaged products. And make it easier for administrators to move the money and also for the members understand what they're spending and make it reduced amount of paperwork in manual actions required for them to take advantage those tax advantaged accounts. It's interesting in your right there so much that has happened in finance that just sped past healthcare and in i had a. I had an interview several months ago with the chief medical our chief information officer at phillips and he came from citibank all the innovations that they were taking advantage at citibank. Now they're getting leveraged by phillips in that company and so there's a ton that we can learn from the financial industry and so talk to us a little bit about some of those things greg and And maybe how this particular approach can add value to what we're doing in healthcare. Well i think some of the things that we've been engaging with a lot of course as i mentioned automation and debts really almost entirely contingent on standardization through a lot of advantages services. Industry has had compared to health care. There's much higher level of standardization and the bodies that would create maintain both system rules as well as as the legal constructs behind all that allowed enforcement of rules. Were so much stronger in the financial services area than they've been in healthcare so in the initial services we've had visa and mastercard had nachon had a very prescriptive. A central planning operates nash services and that's allowed all of the companies to code robustly to bill very robust infrastructure around a data said and mediation standards. That didn't have a lot of variation in the healthcare space of course do have standards. But they're far looser and there's a lot more variation variation in healthcare plans and there's a lot more variation kind of diversity of approaches across the healthcare space. That makes it all much more difficult to approach but overall approach very much has been as we're going to try and create a consumer product built on a on a mountain of technology at complexity but trying shield that and make it seem as easy to consumers possible. Make that decision point. Essentially you know in the the member of the consumer is at at a point of sale. We want them to go to the wall. No which which carving out trying to keep it as simple as that and healthcare space

Greg Saul Marquez Bolton Citibank Phillips Nash Services Mastercard
Visa, Mastercard won't allow charges for services on Pornhub

America's First News

00:38 sec | 8 months ago

Visa, Mastercard won't allow charges for services on Pornhub

"Card companies Visa and MasterCard will no longer allow customers to use their cards on services. Well, no longer used their charge card for services on the pornographic website porn hub. The site, which claimed 42 billion visits last year, has been accused of showing videos that depict rape, underage and non consensual sex most prominently in an investigation published last weekend in The New York Times. MasterCard says it's terminated its relationship with porn hub after its own probe confirmed violations of standards. Visa says it's still investigating but suspended use of the card on the site. Porn hub, calling the decisions disappointing.

Mastercard Visa The New York Times
Ivanka Trump and Jared Kushner spend $30M on Miami land

Rush Limbaugh

00:24 sec | 8 months ago

Ivanka Trump and Jared Kushner spend $30M on Miami land

"Ivanka and her husband, Jared Kushner, have reportedly bought land in Miami Dade County, The New York Post Page six ports As of yesterday, the couple paid $30 million for a two acre plot on Indian Creek Island. That's about an hour from President Trump's home in Palm Beach County. The couple will reportedly keep their home in New York. And MasterCard is investigating a sexual abuse claim against adult

Jared Kushner The New York Post Ivanka Indian Creek Island Dade County President Trump Miami Palm Beach County Mastercard New York
Mastercard, Visa examine business relationship with Pornhub

Brian Mudd

00:30 sec | 8 months ago

Mastercard, Visa examine business relationship with Pornhub

"Sexual abuse claims against the adult video website porn hub. In a statement, MasterCard confirmed that they're working with the sights. Parent company Mind geek to review accusations. That the website has featured in fact videos of child abuse and sexual assault. Following that, Visa says it's doing pretty much the same thing and reviewing its ties to the business. While porn hub has denied any wrongdoing, both MasterCard and Visa threatened to stop supporting the website if the claims are substantiated. That

Mastercard Visa
Mastercard and Visa investigate Pornhub ties over child abuse allegations

Afternoon News with Tom Glasgow and Elisa Jaffe

00:20 sec | 8 months ago

Mastercard and Visa investigate Pornhub ties over child abuse allegations

"MasterCard and Visa are investigating sexual abuse claims against adult video website porn hub. MasterCard confirmed it is working with the sights parent company Mind Gate to review accusations The website has featured videos of child abuse and sexual assault porn hub, has denied any wrongdoing. But Visa still announced it is also reviewing its ties

Mastercard Visa
"mastercard" Discussed on WTMJ 620

WTMJ 620

03:51 min | 1 year ago

"mastercard" Discussed on WTMJ 620

"John wants to know what are the differences between visa and MasterCard and which one is better visa MasterCard Tweedle Dee Tweedle dum I call on the visa MasterCard cartel they are there to serve the interests of the banks but you're not really interested in you and me they are a quick one whichever card gets you the most benefit whether if you don't pay your balance in full one that has the lowest interest rate if you're in a real ward C. got the greatest rewards but whether it's a visa or MasterCard is not really important and when you travel overseas both are very widely accepted if you ever do travel overseas so it's only a matter of the features and benefits as an example if you travel overseas again not mattering whether it's a visa or MasterCard only the you don't pay foreign currency junk fees when you use the card overseas but other than that they are tweet W. D. tweet only dumb car Clark and Jeffrey road and he says I just received a phone call from my wireless phone companies someone was trying to use my identity to open an account and purchased several phones the phone company contacted me to verify if I was opening a new account I have my credit frozen is it still possible for someone to use my identity to do that yes believe it or not Equifax uses a separate database they sell to their cell phone industry and instead of using the traditional Equifax credit report they would already be frozen the additional credit file for cell phone providers is one that stays on frozen and less you freeze it to so we have the information for you on that my credit freeze guide at Clark dot com what you do to freeze your cell phone service to prevent someone from stealing at all so and remember Equifax's never suffered any sanctions punishment anything of any meaning after their reckless and negligent behavior led to the information of two thirds of American adults being out there for criminals to exploit for the rest of our lives Clark K. J. wrote in and said it cargurus and prudence say not to time the stock market but what is your advice in this situation check follow the gurus and continue investing is planned or change my asset allocation reduce equity exposure and get back into the equity game after the market cools down so we don't know if our market bust starts tomorrow next month next year two years from now we never know when it turns the key is steady as you go I put money on it every month yeah and that way and Munsif values are high and buying less shares when the market declines I keep putting money on and that means I'm buying more shares with the same dollars it's a long game and unless you need the money in the next few years I think as long as you're well diversified stay in it because it's just too hard for any of us to be able to time when they get out when to get back in it is a game that is one that's really just a matter of walk and I'm not about lock I'm about creating financial security over time you're listening to the Clark Howard show.

John MasterCard
"mastercard" Discussed on MarketFoolery

MarketFoolery

12:00 min | 1 year ago

"mastercard" Discussed on MarketFoolery

"Thank you for adding. We've got earnings from home depot in shake shack. We're going to dip into the full mailbag. We'RE GONNA START WITH. A leadership change and that is Mastercard. Getting a new. Ceo next year January first. Two Thousand Twenty one Michael Barr. Who's the chief product officer is going to become the CEO and Andrzej Banga? Who'S BEEN CO FOR? The past decade is going to be the executive chairman and the fact that shares of MasterCard or down four percent. Today I have nothing to do with these announcements just because expend their for a decade under bengals leadership. This has been a phenomenal stock. He's been CEO for ten years stocks. Return more than thirteen hundred percent since then This seems like a smoothie. Leadership transition as you could possibly hope for fear shareholder. Yeah I I totally agree. I am a shareholder and to me. This is this is one of those things that we we hope for you like a clear succession plan laid out there and the reasons are the reasons you know. I mean we don't know why Mr Bongo maybe stepping down or is stepping down from that role. I mean it sounds like it's it's something that's in line with what he wants to do with his life though and so I think the really for me the the big question for me is GonNa be what it's going to be interesting is if Mr Bongo views are also Mr me box views and what I mean by that. Is You know they've they've run? This business to this point with a certain worldview and there was. There was a really good article recently in the Financial Times. I think it was That that was a focus on Mister Mister Bonga. In the title of the of the articles. Mastercard chief speaks out against nationalism an facebook but it was a really good article because it gave a lot of his opinions that worldview this silent payment systems are stupid. You know. I mean he's thinking why everybody wants to try to build their own thing and makes it fragmented and inefficient. He has big questions over. Libra FACEBOOK'S INTENTIONS. How it's going to make money You know MasterCard was part of that initial Interest Group in pulled out along with a lot of other companies. So it just for me. It's going to be interesting to see going forward. If if they're two views are compatible because if not then you would expect to see some strategy changes over the course of the the next. I would assume at least decade unless unless Mr Limbaugh just doesn't really do a good job in has to step down. I don't anticipate that being the case. He's obviously very familiar with the business But that really for me is the big question is are there to views compatible because that'll that'll dictate a lot of the strategy over the course of the coming decade so not that we're focused on the short term but let's talk about why. The stock is down today. Revised Guidance regarding the potential impact of Corona virus your shareholder. What did you think of it? I I mean to me. It seems logical. I mean what we're seeing at this point with the Krona viruses a ultimately a global slowdown in it's going to be hard to fully quantify And and I think a lot of companies are really just trying to get a grip on What quarter one is gonNA look like in what quarter to could potentially look like So I I mean to me. You know that that only makes sense. I mean if the global economy slows down. The net has a material impact on MasterCard's business because they facilitate the movement of a lot of that money But but it doesn't. It doesn't impact the business itself right. It's it's just a matter of Slowing growth versus accelerating growth and if we hit a period of slowing growth because of this Temporary albeit scary situation than then so be it. But it doesn't change my view on owning the business and This is certainly one where Human Peterle Peter Lynch says the best the best doc by probably one you already own. I think mastercard falls into that camp. You know I mean. I think if you saw this company Get Get shellacked on greater market. Concerns is one that I would certainly consider adding to. We'll get to slowing growth when we talk about shake shack but let's hit Home Depot. I fourth quarter price. Little Gut. She right there. I'm not trying to take John. Just we will get to the home depots. Fourth quarter profits look good. Their revenue is a little light given the revenue being light and the market environment this week and the fact that I don't own home depot yet. I'M NOT GONNA lie was kind of hoping that this stop was going to get smacked in the bounce today and it is not. It's up about one two percent so it's on my list. I'll buy it at some point but I really was kind of hoping. Once I saw the report came out and said Oh maybe I mean Gosh. Eight percent end. Is this become our visa and master? How we sat there for two three years talking about these. Now we're going to be talking about Home Depot every I to do not own shares and and look at this company and asked myself every coral. Why don't I own shares and I haven't come up with a good answer yet? Chris I mean to your point it was. It was a good quarter in in I I think it's important to note that the revenue appeared a little bit light but that was also based on extra week last year. And so actually if you look at it. They did grow modestly from the from the previous year I inner strength. In the average ticket the average ticket was up. Four point four percent very modest growth in transactions Just under one percent but I mean that that led to a good earnings report good Earnings per share figures for the year At at ten dollars and twenty five cents versus the ten dollars and three cents. They predicted just a quarter ago So I mean this is a company that just keeps on doing what they say. They're going to do they play in a really attractive market in. I tell you one thing. They continue to do quarter in Colorado. These big ticket COMP transactions. These big tickets are over a thousand dollars. They represent twenty percent of the companies. Us sales growth there was up double digits again for the quarter now. Double digits could be just ten percent but regardless some of those big ticket items. They they seem to be really good at doing it. Sales per retail square foot four hundred and fifty five dollars for the year highest in the company's history. It's really hard to knock what they're doing and so for me. It's finding the red flags and going through the call. I was searching Corona virus in China. In in you know as a little bit surprised is not a big mention there. I mean they talked about it very briefly in the context of the supply chain in in regard to the first quarter. Or they're like. Hey listen most of our stuff. We've already got it here. It's already been shipped or sin route but they did notify. They did they did. They did say this is a fluid. Situation is changing day by day and they are looking at q two and q three and four and seeing what the potential effects may be but for now I mean it seems like the business is still Firing on all cylinders. Grew the dividend. Again I mean this thing. Pay Six dollars a year just to hold the stock. I mean it's really hard to argue against that. At this point it is and to go back to something you would set about management and their ability to deliver. I think one of the reasons the stock or I should say one more reason. The stock is not falling. Today is despite the fact that management talked about this is going to be a big year for Home Depot in terms of the money. They're investing in the business. There you know. With with other businesses and other management teams that would scare investors off but I think this management team has proven they're going to invest it wisely and I think that's again one more reason why people have confidence in it. Yeah I think so. They're still calling for sixteen million dollars and operating profit for the year which is modest growth from a year ago. But it's growth nonetheless and when you talk about the money that they're investing. I think it's reasonable to look at the next five years and think those investments will start paying off investing a lot in their professional customer. Right I mean the big focus on the do it yourself offers like like you and me but they also have this tremendous pro business and they are building out an entirely new and separate experience for those pro customers to be able to come in there and and do their work and get the stuff that they need In I think that's only going to help their cause. As time goes on another interesting data point I saw just going back to the dividend for a second. They raised the dividend this year. Ten Percent Increase in quarterly dividend. That's eleven consecutive years with the dividend increase. Which is kind of surprising to me in that. I thought it would have been more but you know we talk about dividend aristocrats a lot lows on that list. Home Depot is clearly. Not and they're not gonna be for a while but I think it's also reasonable to assume that they'll continue raising that dividend For the foreseeable future. Because I'd imagine they want to be on that list to at some point at some point but it's a nice reminder that at one point in time Bob Nardelli was running down the Nardelli. The Dark Ages shares of shake shack down fourteen percent today. Fourth quarter profits came in much higher than expected. And if that were the only thing that mattered the stock would probably be up or at least flat but same store. Sales were down three and a half percent. Sales grew twenty one percent but that's lower than expected. That's actually the slowest sales growth. They've had and a quarter since they went public. So I don't know how concerned should people be about this business first and foremost thank you for not saying same shack sales because that's a tongue twister? I just doesn't really work. Well for PODCASTS. A little league just abandoned an altogether. It's a little too cute. It is a little well said so. We we have a little connection with shake shack and we went and we we taped market foolery on location when the New York City. It was a lot of fun. They were super to us. We got some great food That said it's always confounded me as to why the stock has done so well for so long. I mean it's it's it's a burger joint right and not that. There's anything wrong with that but it is. It's it's a burger joint and they make pretty good food but I mean I don't know that this is something that necessarily has the growth potential of something like maybe a cipolla being honest. You look at the stock and I mean before today it was trading at over well over one hundred times earnings which makes AAA look like value. Play today But to your point I mean I mean the numbers were were not really very good. I mean traffic was down close to five and a half percent Calms down they've seen a slowdown and delivery. And what's more is delivery. Question for them. I mean as as they integrate. More with GRUB hub in this relationship that they form with. Grub. It's going to cause a lot of lumping. It sounds like this year as well. something that they can't necessarily quantify this point in the year So I mean there are I think you probably see this stock pullback Some more as time goes on because you do have to wonder. They just opened the most restaurants in one year that they've ever opened up in the whether it was a direct result or an indirect result. Traffic is down in so then this becomes a demand story. It's you start asking yourself. How much demand is really there? I don't I do wonder. Maybe this isn't kind of like a bojangles story in that. They are a good restaurant with a loyal cult following the maybe they can't quite fully grow out of that East Coast footprint that that they that they currently reside in right. I mean that's where they were born. That's that's it's a New York story in. It seems like all of the Bulls that I know on his are up in New York anyway. So maybe we're missing something there but yeah I don't..

Home Depot MasterCard Ceo Mr Bongo Financial Times Michael Barr bengals Mister Mister Bonga executive chairman chief product officer facebook Peter Lynch Andrzej Banga Mr Limbaugh China Bob Nardelli Interest Group New York East Coast
"mastercard" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

02:25 min | 1 year ago

"mastercard" Discussed on We Study Billionaires - The Investors Podcast

"Twenty one and the current price is three hundred twenty five. Save for one sheriff MasterCard but shown. Let's talk more about your research process husband very interesting thoughts on that and you're clearly highly knowledgeable about Masaka. Aw wits resources do use when researching the stock. And how much time do you spend to stay updated on a company like MasterCard though we own as I mentioned just a bit ago kind of twenty to twenty five businesses in our portfolio. And we think that to be an active manager. You really need to be focused in your portfolio right. I mean for basically no fee you can buy every stock out there right. The average mutual fund the United States owns one hundred and fifty securities. Well that's a third of the S. and P. Five hundred and there's a reason why they don't tend to outperform as a group right. I just know it's hard to pick stocks outperform. I can't imagine what my one hundred fiftieth best idea would do. I would have no conviction in my ability to select one hundred fifty securities. All of which I thought we're going to outperform right to have the belief that the stocks that we own going to outperform. We need to know them inside out the way that we know MasterCard right and and so we have four people on our research team right and and so when you own twenty. twenty-five companies really talking about you know say five to ten businesses that each analysts needs to kind of know inside out and we tend to own these businesses for a long time right. So why why do I know. Mastercard Wellawatte owned it for a long time right so it wasn't just like reading the Ten K.. Or research reports it. was you know living and breathing this business as we developed our firm and we owned it you you know listen to forty earnings calls right. I mean like listen to the. CFO retire in her relationship with the CEO. And all of those sorts of things you know and and all those little kind of like Scuttlebutt that you pick up along the way so you know. Our view is that really knowing businesses is is kind of the key thing not stocks. You gotTA know stocks. Yes we really know the businesses right in these competitive dynamics and no. You can't do that just through even intensive say two month long research process S.. So we go through a multi month intensive research process to even initiate on a stock but initially will buy very little at that level. Because we know that no matter how much we think we know the business we. We don't really know it all yet you know and that as you own a business your brain starts reorienting towards things that kept to that right. So business called Stripe a private company..

MasterCard Mastercard Wellawatte Masaka United States CFO CEO TA
"mastercard" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

08:01 min | 1 year ago

"mastercard" Discussed on We Study Billionaires - The Investors Podcast

"To twenty percent. That's a huge amount of growth right especially in a growing growing economy so we like the business very much owned it for a very long time and we think deserves a place in the portfolio. Anyone who cares about owning and of very dominant compared to manage businesses so shawn. Let's just start off with the really easy basics. Let's say I went to target and spent one hundred bucks on my mastercard. How is revenue generated and additionally talked to us about what this looks like on a global scale there are things called inversion acquires companies that go out and sign up? Merchants is to accept payments right. And so that's like you see little terminal when you go to a store right whether it's a square based IPAD or it's a classic terminal or whatever it might be there there's a business as going out and acquiring those merchants and signing them up and getting them on the network and then there's the banks that issue the credit cards right to the consumer right and say you except that when you get rewards from using your credit card all that's coming from the bank the banks the one with relationship with the consumer and they're the ones that go out and sign up consumers for credit cards and then MasterCard sits in in the middle and basically processes these payments. Make sure all the money gets where it's supposed to go and and connects everything up and and so when you swipe your credit card the merchant is GONNA get their money regardless of whether or not you actually have in you know. Pay Your Bill Your Credit Card Bill L. when it comes a month later whether you paid all once or paid overtime or even default right the merge that that's what's valuable that the merging gets their money right and that's a really important thing. Trust Trust is what fuels economic transactions one of the big benefits. The United States have as much as Americans will say that we've lost trust in government all these sorts of things that we actually have this super high level of trust and so in American the developed market. We're used to this idea that like we're not gonNA get excessively ripped off. It was gonNA give us a fake bill or something like that right but this is something that is built over time right and so today. Merchants just have a hundred percent trust in mastercard and visa. You know based cards right even if the bank is they haven't heard of so if I take like some Credit Union issued card from some bank no insertive and I fly down to Peru and I go into a little Bodega I swipe my card and ask for for a coke like total. Trust right GONNA. It's GonNa work is going to go through. And they accept it so mastercard and visa get depending on the type of transaction about point two percent or less of the transaction. So it's less if it's a debit. It's more to credit card if it's cross-border at has higher fees if it's cross-currency ms lots of different the elements that go into that but the most important thing is it's a very small amount right. I think that's where a lot of the kind of pushback credit cards like. Well we need to disrupt them because the fees are like a two percent and that's outrageous we should get lower. But that's all the banks these right and the bank is question that money to pay for having acquired the customer right and and for dealing for the risk of default all sorts of things banks do rebate a fair bit of that back in the form of rewards especially for high-spending users right A.. And so one thing that could happen as you could see some sort of pushback on that but think about who the incentives are is a consumer. I kinda like the rewards right so I don't pay that tuna a quarter. I get paid two percent to use my credit card right. I get cashback right. And so so that that piece of this whole equation is unlikely to break down but so mastercard basically basically processes this the reason their margins are so high and keep going higher. Is that. There's not a whole lot of incremental costs at one more white right. They need to keep building out their infrastructure structure. But it's not like there's actually like a cost to them of that swipe right it's like what if you have all the service and everything set up and you're doing a billion transactions into a billion in one there's no additional cost cost you go from a billion to two billion need more servers and more systems and more people but not twice as many right and so because of that you have this kind of fantastic scalable model very interesting so shawn. Let's talk more about the impressive network that you also mentioned there the pitch you mean the network at work that's been built out over the years just being press and they had this awfully with visa like you mentioned especially in the West where the card is accepted almost most everywhere now keeping that in mind I think investors listening to this podcast is a little surprised whenever the heard about those growth. Both numbers that you just mentioned before like them I perceive it as a saturated market. But if you look at the ten year average revenue growth. I mean it's it's it's nice double digits. We're looking at year. Year and revenue has gone from five billion in two thousand nine to more than sixteen billion trailing twelve months. And there there seems to be no science slowing down what has been the primary driver of the revenue growth over the past decade. Yeah and this is why we think it's such a valuable business like from a valuation standpoint right in and we'll talk more about valuation in a bid but past growth tends to slow over time right. That guy talked about earlier this just kind of the nature of when you get bigger. It's harder to keep growing right. What was more interesting to us? As business grows. Solid rates like mastercard is kind of low double digit rate. I have a very long duration to that growth right that are able to grow at solid levels for twenty years as opposed to businesses. They can grow at thirty to forty percent. Those are exciting thing but they just don't tend to last for long so what's driving mastercards growth in the reason why it's persisted and we think it will continue to persist is right off the bat. They're basically getting point. Two to percent of consumer spending and consumer spending on globally grows like four to six percent per year. So you're GonNa get this kind of toll on just economic mkx growth as a baseline right even without any growth in what they do without signing anybody else up just kind of their existing people right then you get roughly if we another four percent growth just from the shift away from cashing checks to credit debit though if you look at kind of every year across developed and emerging markets. It's that we're mastercard is currently operating and you look at how much money you consumers are spending on cash and checks or kind of non MasterCard powered payments and then you look at the next year. It goes down every year rate and so every year you get this kind of market share gain not against a competitor unless you recognize that cash checks are their competitor right so you get this kind of high single digit growth just from that on top of that. Then you get actual kind of company sorts of growth like them going out and entering a new country right or rolling out new strategies or doing whatever they can to accelerate their own row or to steal growth from visas for instance. One thing that masks crime visa compete over is corporate branded cards. So you know if you have a card. That's I'm like the new apple car that so hot well Goldman Sachs's the bank credit cards issued by bank apple doesn't issue credit cards. They're just the CO brand just like United Airlines card still. Has I believe it's a capital one bank behind it and so master visa might compete for new corporate brand when they flip a brand will then more transactions across their network so massacre has also been successful in in winning more corporate Britain deals and importantly it appears to us that many kind of new fintech or kind of modern payment brands are going with mastercard. So the apple cart is one. That's a mastercard. Brax is become a very popular credit card is targeted towards startups. And that's a mastercard product. And so we do think that Mastercard Card has proven to be superior to USA in serving both kind of Fintech. I'm customers as well as being aggressive in emerging markets where obviously there's a lot more long-term term grow let's take a quick break and hear from today sponsor. It's hard to find the time to sit down and read and learn more when you don't have free time. You can't read or work on personal well.

MasterCard Mastercard Card Credit Union apple United States Bill L. Fintech shawn Peru Goldman Sachs United Airlines USA Britain
"mastercard" Discussed on The Product Podcast

The Product Podcast

10:54 min | 1 year ago

"mastercard" Discussed on The Product Podcast

"You're you're up to par. There's a reason why there But the thing is we forget positive just basically makes you forget that you actually allowed time to learn right in lend curve is different for people some people in some companies Some could be some could be six months depending on the company. The person so for you to try everything the first month of two months to start contributing. It's not realistic. Therefore you start beating yourself up. You get exhausted meeting. You hate the very thing that you wanted to do. I've I've seen a lot with friends insane me I went through this. I'm when you just want to. When you get that thing that you've been working so on me just want to show that you deserve to be? We already know that you deserve to be that. That's why you picked as the candidate to start working so Beijing south up and Burning out just won't help anyone. We always believe that someone is watching therefore we need to work two times higher like can someone relate eight no like someone is watching. It's Yukos's watching. Your conscience is watching. One is watching. Everyone is just looking at you and trying to make make sure that you're comfortable in. You have everything you need in order to advance by conscious keeps telling us that. Hey you need to work harder than the next person. Even though this person has been there for two years you have to show that you're better person like it's it's it's something that we really need to work on. And that's one big issue. I see within imposter syndrome. We focus on what others have to say about us and this could be good or bad games. Any we use that to define our value. That this this is really important. Because I just January Knife fight crescent listening to noise so why people are saying good or bad so sometimes exclude rag. Everyone likes to something good about him. But you so quick to take that and use that to define your body like Oh this person said today I look good so I read look good right. Why couldn't you realized that before someone told you? Buy The same thing when someone says something bad and this is related to just in the workplace if someone says off New Don't like you know like he's not doing while he's been here two months. It doesn't matter what that person says I think ultimately it matters what you're you're doing if it doing your best that's great and in obviously your boss right if your boss thinks you're doing a great job that's great so I think this is one one thing that he makes us fall in pasta singer just dominates us with this very point We allowed the fast paced the fast pace of the industry to define unique. Dinning Co We all have different learning curves all differently so you comparing comparing myself too. I remember when I started at my job and massacre. I ask someone who is in the same class as me in cohorts who had started about six months before I asked her. How long did it take you? Jackie nine your job in and get ingrained into the company and she told me six six seven months and I use is that a yacht as a yacht state as an oak needs to have six or seven months to actually get into my job. Is that doing well wearing totally two. Different department. She wasn't marketing. I was in product. Break different right In in in you know it could take on could take me shorter but I used someone else is experienced right into someone else's experienced to Kinda define exactly how long it's GonNa take me to start during and that was a mistake so so we all have different. Learning curves could be the team months two months one month few weeks. That's great but yes I think that's one thing to note and then last thing is we don't take Big Tax break them down in order to achieve small. Wins right on. You're always going to be back logged as a product manager manager. You're always gonNA have so much to do. I have lost toss by if you just constantly feel like. You're not getting anything accomplished. That's a big problem right right. You're GONNA feel so way down overwhelmed and you pretty much get nothing done. What I've learned in in product is what adjusts on March to do? If you take little things if it just seems simply means like send an email right. It doubts. I need to send this email and then by the end of the day if you send that Cross it up it. Just do so much relief. That actually did something today. Even though it's descending email but it takes away the weight that you have in being have so much to do and so forth so make sure you write down what you need to do. Break them down into smaller tasks and try and do the Watson. Is it easier first before you start working on the more complicated tasks small wins. Make you give you that encouragement to be like yes. You've actually done. Something accomplished something right. Right GONNA move on so coming imposter syndrome. So I'm just gonNA share a few things that I did practically to help me overcoming positive from transitioning transitioning from engineering to product. The first thing was mentorship When I first moved when I moved to new to massacred And I knew I was moving into a totally different role products in. I'd never done before what I did. was I use that resource. That helped me on product was which is product product school. I looked through the videos and I had actually come across someone who worked at Mastercard. He's Jesse and I really liked. He's he's talking. I and I knew he was Working York so I listen. You reached out to him. I think in my first week on my second week mastercard. I reached out to my digging. Some context objects. I told him I just moved there and I found I discovered him on product scope. I kid you not to this day. He has mentioned since that day. I restarted he's helped me overcome my transition. 'cause I related to him because he came from an engineering back and I needed someone who managed to rouse coming from. Go to help me through my process of transitioning to to this day. He's mentored me Because of him that I'm standing here today's not see that's every stock with me. Even though I have the company's still there is providing guidance every single month we have seen cops so mentorship is very important second thing is on self reminders. Self reminders of important to give you that so overcoming unprocessed the senior is all about self confidence so giving yourself self reminders saying you pasta interview. That's why you're there right and acknowledging judging the fact that you actually work to get to where you is by no means is very important for you to actually progress for me. That's what I keep doing. Every time I feel that positive is coming ole coming. I just remind myself that. Hey I was the only one selected for the job therefore they so something amy and therefore I need to ensure that I keep reminding myself that I'm good enough reason why I'm here. The third thing he is I make my voice be heard I mentioned before is coming from engineering. My thought process was always to think more than speak. And I've had to come and change that I think as well but I have to speak and make my words hurt as a PM. You need to make sure that your voices heard because I'm the the voice of the customer for my product and if I'm quiet and I'm not actually speaking up in ensuring that the voice of my customer Loan my voice. This is her that I'm doing something wrong so I think that also helps you search yourself in just kind of like when that implicity Just constantly getting worse meetings in your reminding yourself that hey you have a voice and you you can use it to speak up privatization like I mentioned as is a PM. You have so much to do and you have a backlog of items. I'm in your personal life as well as your product. So prioritization is of the utmost importance. Sometimes I find myself prioritizing my life in addition to my work at the same time. And that's going to happen. I I was talking to. I think a week or two weeks ago and we were talking about some life event that happened to me and I was prioritizing my work. I forgot that days based these like their east. I need to do that actually affecting my life which ultimately affect my I work work. She reminded me that. Hey I actually need to forget about work at this very moment because me prioritizing my life will help me prioritize my work surprised surprised Prioritization is very important in anything that you do as you learn to become a PM. You'll find it in use folks in your personal life as well because you always had to prioritize something over the other and the Nazis patients. Why did I say patient so when coding learning how to Code what I learned that I didn't have was patients? Patients is so important for learning to code. You can have like so many bugs in the code that you right and if you don't you can our patients you'll notice it's nothing to compile. It's not gonNa work right and that's very important ride for you to actually overcome that challenge of of Bosnia. Colder air is right. So patients is very important in overcoming process. Because it you know everything takes time like I mentioned that sometimes you find yourself like knock walk wanting to not feeling like you know nothing and you feel like there's so much for you to do by like understanding that patients is actually part of the process access will help you overcome the passenger. It takes time to learn things it takes time to do things it takes. It takes time to execute as a peon. You you have an idea right you get everyone involved stakeholders start executing. You're not going to see the results of the park tomorrow to see in in and just want me. Greg is a process and patients is very important in that process. Allows you to see things through and then you can actually It helps you to actually have he Property find in result. Okay so now out. I'll just talk about a few key takeaways..

product manager Beijing Yukos Mastercard Bosnia Jackie Working York Greg Jesse amy
"mastercard" Discussed on Slate Money

Slate Money

01:42 min | 2 years ago

"mastercard" Discussed on Slate Money

"But if they could shift more and more people towards digital payments and away from the kind of having to go through all of these intermediaries in banks, then a lot of those fees that merchants pay and such the ideas. Eventually those could go directly apple because your phone will be your credit card. Well, no, it doesn't it doesn't. No. But remember that Apple Pay itself? All of the Apple Pay terminals everywhere in the world all of that money moves along visa and MasterCard. Apple is not replacing these MasterCard. It is it is basically working with these. We must have got an all of that interchange fees MasterCard. Currently charge will continue to be charged. We'll continue to go to exactly issuing bank's. That's not. I think where they see things moving. Eventually. I think a venture they wanna be able to cut out does intermediaries. They're not they can't do it now. But I think they wanna get people used to paying in this way. And then eventually be able to shift more towards the kind of model we've been seeing China, I think that's interest. I mean that sounds interesting. What I think I could be a hundred wrong, you know, someone as payments. I can tell you that just in terms of infrastructure. I I can't see how that's possible. I think in mazing future world apple would love it. If all of those Apple Pay terminal, suddenly like disconnected from the visa and MasterCard rails and started connecting to some like, apple fintech rails. But I I would be. Tonnage if they were working on that. Because that that basically turns apple into a highly regulated piece of financial infrastructure, and I'm not sure that's what they want to be. That's why they're working with Goldman Sachs. This cud all of the actual financial plumbing.

apple Apple MasterCard Goldman Sachs China
"mastercard" Discussed on The Bitcoin Podcast

The Bitcoin Podcast

01:59 min | 2 years ago

"mastercard" Discussed on The Bitcoin Podcast

"Elsewhere within the blog dumb narrowly. Sure, I've never been to Belgium. So I don't really know if they accept others other other. Payment processors other than MasterCard like maybe visa or something else. But it seems like they were they had their hands tied. So. Who who assigns payment processing fees? I mean, you'd think that MasterCard has the right to increase the fees. Just like that that retarded kid who bought the epi pen. And then like Jack up the price like hundreds of dollars in like screwed a bunch of people. I mean, MasterCard visa these these credit card. Companies that control like the payment rails. They can charge whatever they want. Probably why are they saying why are they saying that basically it wasn't within their her view to increase payment processing fees? They I mean, they're saying that they artificially raise the processing fees in breach of antitrust laws. I don't know. I don't know how that stuff works. I wish I knew. Yeah. Me too. There's so many things in the world. I don't know how they work things. Just don't smell right in. To me, if you're entity wise, should you be able to just like up charge people at a at a moment's notice. Whenever you want just no, right? So I guess they increase the fees because there was a breach of their rules where people weren't following the know your customer anti money land on anti money laundering laws. So they're okay with you. Don't wanna fall the rules risk to Jack up your payment of fees as our sets the disclosure of MasterCards since spiracy with banks.

MasterCard Jack Belgium
"mastercard" Discussed on KTOK

KTOK

01:31 min | 2 years ago

"mastercard" Discussed on KTOK

"Grand back. But remember. You know, all these companies they just they just want to do. What's right? Okay. They're not deep platform, you Microsoft has D platform people, Microsoft, I'm sorry. Sorry. Sorry MasterCard has D platform people to wear what's his name, Robert Spencer. He's a guy who is a scholar on Islam. Then, you know, a presidential adviser back in the nineties on Islam. And says look this is what the text says. And this is how it is interpreted in the Middle East. Well, that is just too shocking. How dare you? So he he writes books he had a podcast he was deep platforms. And then when he went out on his own what happened. Well, then MasterCard said, you know, what we're not gonna do it. We're not gonna take any if you do business you buy a book or you're trying to use MasterCard on his site. We don't accept it. And so they d platforms him, I will tell you right now. And I have to call my wife. I don't think we have any MasterCards, but go through your wallet. If you have a MasterCard cut it today cut it today. They are already knee deep in the platforming and making decisions for you. This this merger with with.

MasterCard Robert Spencer Microsoft Middle East
"mastercard" Discussed on 600 WREC

600 WREC

01:32 min | 3 years ago

"mastercard" Discussed on 600 WREC

"Credit card much in pay fees. That ultimately go to the Bank that issued these credit card that fee revenue helped keep these candidates rewards programs going to alternately, what's at stake. Here is that Easter merchants are able to mock up some of these standing wolves that MasterCard had had in place at the merchants say are unfair, an anticompetitive, ultimately, the consumer can mean that rewards programs might not be as widespread. Sure, I was thinking the these retailers, right? Looking to claw back probably some money, maybe add to their bottom lines. And but strike me that Amazon be willing to try just about anything these days. It's so big. I mean, would they take a show that I think they've talked about the possibility of opening some sort of consumer checking account right with? Take a stab at a correct cartoon. So right, so large merchants like Amazon are looking at ways that they can basically circumvent the MasterCard ways to get around the fee to they have to pay these companies, but the reality is that that's a very difficult to accomplish from the moment that a merchant says, you we're not going to accept or not going to accept MasterCard. Quite frankly, you know, good luck to their stale for many years there.

MasterCard Amazon
"mastercard" Discussed on KTLK 1130 AM

KTLK 1130 AM

01:37 min | 3 years ago

"mastercard" Discussed on KTLK 1130 AM

"Here is that Easter merchants are able to break up. Some of these long standing all that visa MasterCard had had in place at the merchants are unfair and anticompetitive ultimately for the consumer. It can mean that number wards programs might not be as widespread. Sure. I was thinking the these retailers, right? Looking to claw back probably some money, maybe add to their bottom lines. And but strike me that Amazon be willing to try just about anything. These days is so big they take a show that I think they've talked about the possibility of opening some sort of consumer checking account right within take a stab at a credit card to the so right? So large merchants like Amazon are looking at ways that they can basically invent MasterCard. Ways to get around the feed they have to pay these companies, but the reality is that that's a very difficult to accomplish from the moment that a merchant says, we're not going to accept that. We're not going to accept MasterCard, quite frankly, you know, good luck to their stale. For many years. There have been merchants that have not accepted American Express cards because they upset that they found those fees to be too high. And I mean in that case kids are if a merchant consumer, you know, we don't we don't accept American Express to you have of either a MasterCard kids that are high that consumers will pull out a visa.

MasterCard American Express Amazon
"mastercard" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

03:20 min | 3 years ago

"mastercard" Discussed on Newsradio 1200 WOAI

"What's happening? The battle is over the fees that merchants are paying to accept credit card. Merchants. Find that the fees are too high and also are trying to change a rule that has been in place in the credit card industry for decades. That basically requires merchants that make a decision to accept a visa credit card or a MasterCard credit card except all of them. With the merchants are trying to do is basically get the ability to be able to choose their pick and choose between the card that the crap. And they are fighting without in court. Oh, wow. Okay. So that leaves the consumer where ultimately the I mean, the consumer US consumer it at least have become addicted to credit card in recent year at credit cards generous rewards programs. The way that the banks have basically to avoid the in. Here is cure credit cards with generous cash back programs credit card that can can keep you free hotel. Stays and airfare spend a lot. So it's become almost expected among consumers that their credit cards will not only half awards programs but programs that are pretty generous. Well, those programs largely function off of the seas merchants. Pay when they accept the credit card merchants pay fees that ultimately go to the Bank that issued these credit cards that fee revenue keep these. Rewards programs going to automatically what's at stake. Here is that Easter merchants are able to break up some of these long standing that. I had had in place at the merchants are unfair and anti-competitive automatically for the consumer. It can mean that number wards programs might not be as widespread. Sure. I was thinking the these retailers right or looking to claw back probably some money, maybe add to their bottom lines. And but strike me that Amazon be willing to try just about anything. These days is so big. I mean, would they take a shot? I think they've talked about the possibility of opening some sort of consumer checking account, right? We can take a stab at a credit card to the right so large merchants like Amazon are looking at ways that they can basically circumvent MasterCard ways to get around the feed they have to pay these companies, but the reality is that the that's a very difficult to accomplish from the moment that a merchant says, we're not going to accept that. We're not going to accept MasterCard, quite frankly, you know, good luck to their stale. For many years. There have been merchants that has not accepted American Express cards because they upset that they found those fees to be too high. And I mean in that case kids, Dr if a merchant concealing, you know, we don't expect we don't accept American Express to you have of either a MasterCard candidate are high that consumers will pull out of visa and MasterCard. If.

MasterCard Amazon American Express US
"mastercard" Discussed on KOA 850 AM

KOA 850 AM

01:53 min | 3 years ago

"mastercard" Discussed on KOA 850 AM

"You to work like crazy people but it's the antidote for the illness and the good news is you will get over the illness if you take the steps of exactly right right at all down have a detailed plan that'll make you feel like you've gotten a raise your kind of playing around with issue and you've been cut up though stupid credit card jet have you now we have now we can't were now we're just came down i wish once still open which one did you not cut um well he hasn't been i'm getting i'm tragic got that area cut ma caught him up more screwing around the edges of this thing you've got a dive at need it in the face you got to hit hard on that's what you got to do and so you're sordo you said that earlier were soared undoing this stuff and you got a completely do it not because word brilliant an but because it works and i don't want you to stay in this pain of you being away from kids taking pictures him being away from you all three or four nights a week for very long i want to shorten that pain as much as possible to get you through this so agreed that you do the written plan to get in financial peace university you go get clients a second thing you said was the only way we have money for food is if my photography business brings money in which tells me your prioritising your budget wrong the first thing you do is about food if somebody else doesn't get paid a well but mastercard being unhappy versus children being hungry is not a choice you make mastercard is unhappy in the children are fed so food is first lights and water our second rent or mortgage is third car payment and gas in the car to go to work is fourth before you pay any one else those are paid out of his income and then we get to pay mastercard if you make some money not we get to eat if you make some money let's get that prioritises the right way you can turn this around and we're going to walk with you going to give you the.

mastercard
"mastercard" Discussed on KSFO-AM

KSFO-AM

01:54 min | 3 years ago

"mastercard" Discussed on KSFO-AM

"You to work like crazy people but it's the end of doubt for the illness and the good news is you will get over the illness if you take the steps so rituals exactly right right at all down have a detailed plan that'll make you feel like you've gotten a raise your kind of playing around with issue any been cut up those b credit card jet have you now we are now now we're just paying on down which one still open which one did you not cut um well he has an i'm getting i'm tragic gotta area cutter ma caught him up screwing around the edges of this thing you've got a dive at need it in the face you gotta hit hard on that's what you got to do and so you're sordo you said that earlier were soared undoing this stuff and you got a completely do it not because we're brilliant and but because it works and i don't want you to stay in this pain of you being away from kids taking pictures him being away from the all three or four nights a week for very long i want to shorten that pain as much as possible to get you through this so agreed that you do the written plan you get in financial peace university you go get clients a second thing you said was the only way we have money for food is if my photography business brings money in which tells me your prioritising your budget wrong the first thing you do is buy food if somebody else doesn't get paid oh well but mastercard being unhappy versus children being hungry is not a choice you make mastercard is unhappy in the children are fed so food is first lights and water ours second rent or mortgage is third car payment and gas in the car to go to work is fourth before you pay any one else those are paid out of his income and then we get to pay mastercard if you make some money not we get to eat if you make some money let's get that prioritises the right way you can turn this around and we're going to walk with you give you the best wing we'd got which.

mastercard