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Nice to Be #1 – Thanks Bloomberg BusinessWeek!

Jennifer Stalzer | January 20, 2012

Boy it’s nice to be number one!  Bloomberg Businessweek 50 just put MasterCard at the top of the heap on their annual rankings.

They say it’s because of our steady growth, but we know it’s because you like the way we make your lives easier.

Like us, many of you prefer to leave the cash at home.  You keep telling us that electronic payments are the way to go…and we hear you!  15% of transactions are electronic,  but that leaves 85% still in cash and checks. We see that as a spectacular opportunity.

And already we’ve given you different ways to pay electronically: online; PayPass (that’s contactless or “tap and go,” as opposed to swiping or dipping your card); and now you can even use your phone.  Pretty. Awesome.

But seriously, we’re honored for the distinction and pleased that our efforts to use technology to transform the way you pay haven’t gone unnoticed.

Want to know how Bloomberg picked us?  Take a look….

Thanks again…and remember, leave the cash at home!

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7 Comments

  1. Craig Prior Craig Prior said on January 20, 2012 at 3:11 pm

    Friends,

    Ajay has energized MasterCard with a new passion for a cashless world, and those of us who have embraced this approach to purchasing already reap the rewards of faster transactions, shorter lines in stores, better payment security versus cash and convenience of multiple products to suit any situation.

    Try MasterCard MoneySend, PayPass and other products offered by MasterCard and enjoy the benefits immediately.

    Top financial performance aside, MasterCard puts innovation first, which for many younger people really brings a”Cool” factor to paying electronically. Cash: your days are numbered.

  2. Karlie Karlie said on January 20, 2012 at 10:40 pm

    Great blog, Jennifer!

  3. Jennifer Stalzer Jennifer Stalzer said on January 21, 2012 at 1:20 pm

    Thanks for the great comments! Keep them coming. Like I said, it’s awesome to be recognized. As I sit here watching the snow fall outside, I am shopping online and taking advantage of all the year-end sales. I know I am thankful for electronic commerce and have to believe the retailers I visited today are too. Funny to think that this was not an option when I was growing up (how did we ever survive?) Cash: indeed your days are numbered… Let the countdown begin!

  4. Carl Armbruster Carl Armbruster said on January 23, 2012 at 11:59 am

    It has been such a busy year in IPS in St. Louis. It feels really great to see the results of all the hard work from out team and all the teams at MasterCard. Ajay is really one fired-up CEO and I think he is doing a lot to really charge of the employee base. Challenging us to “put our money where our mouth is” and use MasterCard and not competitor cards, the war on cash, cashless-campus in St. Louis, and a whole lot of feedback on what our national and global strategies are. It is a great time to be working at MasterCard and I am excited about the future here.

  5. Sandra Portillo Sandra Portillo said on January 23, 2012 at 12:23 pm

    What a great feeling to be part of the #1! I always knew we were at the very top, but it is just great to have third parties recognized our innovative initiatives and our tremendous work. Let’s all help educate our society on our Cashless World initiative, let’s all be proud MasterCard ambassadors and lead by example by using our products and saying bye-bye cash, so long, finito!

  6. Wendy Richardson Wendy Richardson said on January 23, 2012 at 7:22 pm

    We always knew it – now it’s official – we ROCK! What an honor to be recognized as #1 on the Bloomberg Business Week top 50!

  7. Dave Faloon Dave Faloon said on January 27, 2012 at 3:56 pm

    Way to go, team!