Confirmed: Up to 1.5 Million Credit Cards Compromised in Massive Hack. Metric:Gross Dollar Volume. This is the total money flow, or value of overall transactions using the company's credit cards in a given period. This metric is useful to determine the company's market "clout" or size in purchasing power relative to its competitors. Skip the spreadsheet.
Track your investments automatically. Nilson report example.pdf. Compensation. Un article de Wikipédia, l'encyclopédie libre. Une chambre de compensation (clearing house en anglais, cámara de liquidación en espagnol) est un organisme national ou international qui calcule des sommes nettes à payer et exécute les paiements. On distingue la compensation sur les marchés financiers et la compensation interbancaire. La première porte sur les valeurs mobilières, les marchés à terme, ou le marché des changes. La seconde porte sur les chèques et virements entre banques et met en jeu un système de paiement. La compensation peut concerner des marchés non-officiels. Dès 1872, les coulissiers de Paris se dotent de leur propre chambre de compensation, avec une liquidation mensuelle. Les opérations ont lieu au 4 rue Drouot, chez l'un d'eux, M. Une chambre de compensation est constituée d'adhérents compensateurs (member firms en anglais), qui sont garants de la bonne fin des opérations.
Principes[modifier | modifier le code] Exemple simplifié[modifier | modifier le code] Autres. Interchange fee. Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card based transactions. Usually it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank") however there are instances where the interchange fee is paid from the issuer to acquirer, often called reverse interchange.
In a credit card or debit card transaction, the card-issuing bank in a payment transaction deducts the interchange fee from the amount it pays the acquiring bank that handles a credit or debit card transaction for a merchant. The acquiring bank then pays the merchant the amount of the transaction minus both the interchange fee and an additional, usually smaller, fee for the acquiring bank or ISO, which is often referred to as a discount rate, an add-on rate, or passthru. In recent years, interchange fees have become a controversial issue, the subject of regulatory and antitrust investigations.
Overview[edit] Reps. Card association. A card association is a network of issuing banks and acquiring banks that process payment cards of a specific brand. Examples[edit] Familiar payment card association brands include Visa, MasterCard, American Express, Discover, Diner's Club, and JCB. Visa, MasterCard and American Express issuers co-brand with their card association. for example, "WellsFargo-Visa" and "Citi-MasterCard". Statistics[edit] Card associations Visa and MasterCard each comprise over 20,000 card issuing banks.[1] Among United States consumers alone, over 600,000,000 payment cards are in circulation.[2] Worldwide, Visa issuers have over 1.5 billion payment cards in circulation[3] .[4] References[edit]
Uncommun service- American Express. MasterCard: Overview. Form 10-K. Washington, D.C. 20549 Form 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) For the fiscal year ended December 31, 2009 or For the transition period from to Commission file number: 001-32877 MasterCard Incorporated (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code (914) 249-2000 Securities registered pursuant to Section 12(b): Securities registered pursuant to Section 12(g): None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Large accelerated filer þ Accelerated filer ¨ Non-accelerated filer ¨ Smaller reporting company ¨ (do not check if a smaller reporting company) Item 1.
Visa Inc - Company Financial Statements (V): Annual Income Statement. Mastercard (MA) MasterCard (MA) is the second largest electronic payments processor by purchase volume behind Visa in the world. MasterCard does not issue credit cards directly, but licenses its brand to banks, who then issue co-branded cards (such as the Chase MasterCard). MasterCard makes money by charging merchant fees on individual transactions and by charging the credit card issuers licensing fees and a small percentage of the total dollar amount spent on each card. MA's debit card services has a strong growth opportunity because of the trend away from cash and checks for debit cards. Consumers are even shifting away from credit cards as Interest Rates and U.S. Unemployment continue to increase. It is important for MA's long term viability to develop a strong debit card platform as another outlet for revenue from the increased use of debit cards since consumers are shifting away from credit card use.
Business Overview Domestic Assessments 47.7 of 2010 Net Revenue Trends and Forces Competition Notes. Our Business Model | MasterCard® Franchisor Through the thousands of financial institutions that are MasterCard’s customers, the company markets a strong portfolio of brands and products worldwide, including MasterCard, Maestro®, Cirrus® and MasterCard® PayPass™. With these, MasterCard opens the door to commerce at an unsurpassed network of more than 28.5 million acceptance locations around the world and, in many cases, guarantees payment through its system. Processor MasterCard’s streamlined and intelligent approach to processing enables efficient commerce on a global scale. It is based on an agile network, one of the largest VPNs in the world, which offers unparalleled speed, integration, and reliability. MasterCard helps banks and merchants grow by enabling rapid adoption of new ways to pay and offering customized solutions that deliver value through technology.
Advisor MasterCard provides industry-leading insight and solutions that advance commerce on a global scale. Case Study: MasterCard’s Business Model. What is MasterCard? But what does MasterCard exactly do? It provides credit, debit, and prepaid cards from over 25,000 financial institutions. However, MasterCard is primarily a credit card company and specializes in the innovation of these cards throughout the world. It is a also a payment solutions company and through its three tiered business model as franchisor, processor and advisor, the company has developed a new world for its card holders and merchants. The company provides marketing, approval, and transaction services for a variety of payment products in more than 210 countries and territories. Regardless of the type of card, all of them act under the “four-party” payment system. Under this system there are obviously four types of people, the card holder, the issuing bank, the merchant, and the acquiring bank.
MasterCard history MasterCard was established in the late-1940s when several US banks began exploring alternatives to cash transactions. American Express Company (AXP) Company Overview As a credit card issuer, American Express's performance is highly dependent on the overall state of the economy. During economic downturns, consumer spending drops, while booms can stimulate spending and borrowing. With the falling U.S. home prices, tightening credit markets, and the general economic uncertainty caused by the subprime lending fiasco, credit card issuers like American Express are facing declining consumer spending as well as the increased likelihood that some customers will be unable to repay their balances. Additionally, interest rate cuts could pressure lenders like American Express to lower the rates they charge on balances, further hurting earnings.
Business and Financial Metrics Products/Services of American Express American Express offers a number of products and services to its customers. U.S. This division's products include their branded cards as well as several niche charge and credit cards (e.g., student, travel rewards). BasedGod. Discount Revenue. Visa: Overview. Visa Net: An Electronic Payment Processing Network – Visa Corporate. Play We are a global payments technology company About Visa We connect financial institutions, merchants and governments around the world with credit, debit and prepaid products. Our business One of the most advanced payment processing networks.
Select one Visa transactionHistory of VisaGlobal presenceOperating regulationsVisa Inc. & EuropeInterchangeResponsible spendingPayment security Go Visa transaction Discover how we make it easier to pay and be paid. See a transaction in process Our history We've been a pioneer of electronic payments since 1958. Explore our history Our global presence Accepted in over 200 countries and territories worldwide.
About our global presence Board of Directors. Our commitment to corporate responsibility. Come work with us. Visa Clashes With Wal-Mart on $48 Billion Card Fee (Update1) June 17 (Bloomberg) -- Visa Inc., MasterCard Inc. and JPMorgan Chase & Co., already squeezed by new U.S. curbs on how credit cards are marketed to consumers, are girding for a renewed battle over $48 billion in fees levied on merchants. Lawmakers are promising new rules to bring down the interchange fee, a charge on purchases sometimes topping 3 percent that’s split by the two banks serving the customer and merchant.
Supporters of the legislation include the biggest retail chains, restaurants and small businesses, which say the fees erode profit and inflate prices. The debate pits the largest card lenders including JPMorgan and the two biggest payment networks, Visa and MasterCard, against Wal-Mart Stores Inc. and Target Corp. Interchange is the second-biggest cost after payroll, Target said, and merchants want to negotiate lower payments collectively without running afoul of antitrust law. Stock Rally Dominant Players Fee Structure “Stores get enormous value,” Clayton said.
European Cut. Visa (V) Company Overview Headquartered in San Francisco, Visa operates the world's largest retail electronic payments network. In particular, Visa provides financial institutions with a platform to process consumer credit cards, debit cards, prepaid cards, and other forms of electronic payment methods. Business and Financial Metrics Business Segments Visa earns its revenues from a number of sources: i) Service Revenue, ii) Data Processing Revenue, iii) International Transaction Revenue, iv) Other Revenues, and v) Volume and Support Incentives.
Service Revenue Data Processing Revenue International Transaction Revenue Other Revenues Volume and Support Incentives Key Trends and Forces Potential Regulation Limiting Debit Interchange Fees Impact of credit card reform bill Credit Cards replace paper transactions, and are used more frequently and for smaller purchases The consumer sector is moving away from paper-based approaches towards electronic payments. Competition Notes. Operating Revenues for Visa (V) Operating Revenues Operating revenues were $1,488 million for the three months ended December 31, 2007 compared to $845 million for the three months ended December 31, 2006, reflecting an increase of $643 million, or 76%. The increase in operating revenues primarily reflects the inclusion of $565 million of operating revenues from other regions upon the reorganization on October 1, 2007 offset by the absence of data processing and other revenues previously earned from Visa International and Visa Canada.
The following table compares our operating revenues for the three months ended December 31, 2007 with those of Visa U.S.A. for the three months ended December 31, 2006. Service fees The increase in service fees is primarily driven by the inclusion of service fees from acquired regions upon the reorganization on October 1, 2007, which represent $195 million, or 43%, of the increase. Data processing fees Volume and support incentives International transaction fees Other revenues. Form 10-K. FDIC Banking Review - A Survey of Current and Potential Uses of Market Data by the FDIC. FDIC Banking Review Overview of Recent Developments in the Credit Card Industry by Douglas Akers, Jay Golter, Brian Lamm, and Martha Solt * Since the 1980s, Visa U.S.A. (Visa) and MasterCard International (MasterCard), the bank-controlled credit card associations that together account for approximately 70 percent of today's credit card market, have been able to control the use of and access to their networks to the advantage of their bank members.
Recently, however, the credit card industry has been changing:1 some merchants are now large enough to exert their own leverage, legal defeats have impeded the ability of credit card associations to control the market, and some participants have developed new arrangements and alliances that may be a prelude to further changes in the industry. This article surveys recent developments in an industry that is facing new competitive dynamics. The article begins by describing the formation of the payment card industry and then its structure.
Interchange Fees and Payment Card Networks Economics, Federal Reserve Board Washington. A new business model for card payments. “A New Business Model For Card Payments” (Via Diamond Management & Technology Consultants) « WayTooHigh.com. See below abstract from the Diamond Management & Technology Consultants report by Amy Dawson and Carl Hugener: Credit and debit cards have been a major profit engine for issuing banks, but legal and possible regulatory challenges to the interchange model spell trouble for both issuing banks and the card associations that support them, MasterCard and Visa. The $150 billion card industry must recognize this threat to earnings and position itself for ongoing success. For a well presented overview of the report, we are reprinting with permission the following blog posting by Sean Harper, co-founder of TransFS and TSS-Radio.
Where Does Interchange Go? The biggest component (about 80%) of the credit card processing fees that every merchant must pay is “Interchange” . * “Credit and debit cards have been a major profit engine for issuing banks, but legal and possible regulatory challenges to the interchange model spell trouble for both issuing banks and the card associations that support them” Theory of credit card networks. The Credit Card Industry's Business Model Encourages Irresponsible Lending. Term Project: Credit Card Business. What is a Prepaid Credit Card, and how do Pre Paid Cards differ from a standard MasterCard. Using prepaid payment cards for business use. A guide to prepaid card for transit agent.
Payment services (cf appendices 8) Merchant account provider.
Redirecting. Groupement des Cartes Bancaires "CB" Monétique/Les paiements par carte. Credit and debit card statistics. Payments: Payment Cards. EPC | Homepage. EPC: preventing card fraud.