As electronic payments capture an ever-greater share of transactions worldwide, MasterCard is delivering value to everyone on every side of every transaction. Here’s how.
Benefits for Consumers
- Instant ability to access funds—and pay for goods and services—almost anywhere in the world
- Greater security than cash, checks and travelers checks; limited liability for lost or stolen cards
- Ability to make secure Internet purchases, wherever and whenever the cardholder chooses
- Enhanced ability, through detailed statements, to track and manage spending
- Wide and increasingly personalized range of benefits and rewards
Benefits for Businesses
- Ready access to funds and ability to make purchases wherever a company does business
- Enhanced ability to track and analyze expenditures on a global basis
- Greater control over employee spending
- Savings and rewards programs
- Increasing ability to link with buyers, suppliers and financial institutions to streamline procurement and other business expenditures
Benefits for Merchants
- Increased sales; higher levels of customer satisfaction
- Lower processing costs than cash or checks
- Guaranteed payment; elimination of billing and collection costs
- Reduced fraud and related costs
- Rising co-brand and promotional opportunities
Benefits for Financial Institutions
- Increased revenue streams through widening use of electronic payments
- Greater ability to maximize the value of deposit accounts
- Rising ability to drive new revenue through emerging payment forms
- Increasing co-brand and promotional opportunities
- Increasing ability to differentiate and compete in markets worldwide