Essays on Mastercard

Introduction

MasterCard Incorporated is a multinational financial services provider listed on the New York Stock Exchange. MasterCard provides electronic payment cards and other financial services for banks in the United States and around the world. This report will focus on the business environment within which MasterCard operates and how its internal and external environments interact to define its current status as financial service provider. This will include the company analysis which will be an inquest into the internal elements of MasterCard and its activities. The competitors and competition processes faced by MasterCard will be considered. Then the research will provide ...

Is Password Security Becoming Obsolete?

Is Password Security Becoming Obsolete? The use of passwords as entrance to secure sites is quickly becoming a thing of the past, as well it should, for a number of reasons. Passwords are generated by software programs and people to guard access to personal computers, websites, mobile telephones, and other types of technology. However, the users of technology are becoming more uncomfortable with the lack of security provided by passwords and with remembering all the passwords needed for such data as credit card numbers, health information, and bank accounts (Luukkonen, 2015). Advancing technology has provided users with the ability ...

Internship Experience Qatar National Bank

During this week, I have acquired several new skills, and become aware of several things related to the Bank by getting information. I also faced some problems, got feedback from supervisor, and also made little contribution to the Bank.

The training completed in this week is Customer service in Card Centre of the Bank. This week, I worked in the card centre of Qatar National Bank in which Mr. A works for customer services and Mr. K is the branch manager. The card centre in which I worked comprises of two sections, in Section 1, customer service is provided ...

1. American Express’ objective for use of social media is to engage closely with existing customers through promotional events and generate new customers by providing positive perception of the company’s customer service. American Express has fewer cardholders than Visa or Mastercard but the average annual transaction size per Amex cardholder was nearly three times that of the other two. Unlike Visa and Mastercard, whose primary focus was settlement between banks, issued cards and managed merchant transactions through various banks. Amex, however, issues its own cards and performs all other functions as well. The company actually tracks customer and ...

The American Express is a global financial company that dominates the credit card segment. The company generates revenue by interest charges and other fee. It issues cards independently and not as intermediaries; thereby bearing the total financial risk. The main competitors of AmEx in the Credit Card Processing & Money Transferring industry are Visa Inc., MasterCard, PayPal and KKR & Co. Visa and MasterCard are main arch rivals of AmEx in the “Credit Card Processing & Money Transferring” industry. Each of them has its credit card network; however, they use different ways to issue cards. Visa and MasterCard are not financiers which ...

Executive summary

For convenience of analysis, this paper has been organised under three parts. The first part of the paper discusses about the global payments industry in general. The global payments industry has been growing at a tremendous pace over the last decades and the development of internet technologies greatly contributed to the growth of this industry. The Porter’s five forces analysis of the global payments industry reflects that it maintains a favourable business environment for business houses. In the analysis, it appears that all the five forces of the industry are in favour of the Visa that enjoys massive ...

Objective

CardConnect Company faces challenges in international management. In the recent past, the company has failed to formulate an effective strategy, structuring an appropriate organizational design and managing people in an international surrounding. The CardConnect firm is forced to handle technical, economic and social differences in the business environment. Although CardConnect has reached the global market scene, it still faces international challenges while competing with other credit card companies. CardConnect firm should take precaution to protect the Clover (POS company) because it is depicted as one of the commonly applied computing systems around the world. The hackers have targeted the ...