MasterCard’s Thoughts on Innovation

Innovation is top of mind for us here at MasterCard and we’re always looking for ways to improve and modernize the payments landscape. As part of our commitment, we launched MasterCard Labs to challenge the way we view day-to-day payment transactions with technologies like QR codes and gesture recognition, and we’re delivering innovations in the mobile payments space. In Fast Company’s 30 Second MBA question of the day, you can hear directly from Rob Reeg, President of MasterCard technologies, who explains how MasterCard creates a culture of innovation. If 30 seconds isn’t enough, check out the video below where Rob explains MasterCard Labs and some of the ideas that have come out of the R&D branch.

What do you think is the best way to create a culture of innovation? Let us know in the comments below!