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Beyond the Transaction: Every Transaction Has a Story

Earnings Review: Continuing Momentum, Delivering for Customers and Partners

Earlier today, we reported our financial results for the second quarter. If you simply look at the numbers, we had a strong second quarter, delivering ahead of expectations. In fact, this quarter was a record for us for both revenue and earnings per share.

Before we look ahead to the second half of the year, it’s important to take a moment to understand the hard work and dedication of our teams across the globe as they execute against our strategy. While there are a number of examples that were shared during our conference call with the financial community, I’d like to reinforce three key themes:

B2B Payments – By now, it shouldn’t be surprise to anyone to hear how our acquisition and integration of Vocalink positions our company as the one network that can offer both card and bank-account based payment solutions. The real-time nature of Fast ACH presents an opportunity to connect people and businesses in more ways, regardless of the account they might hold.

For smaller businesses, there’s a need to find greater efficiency in their payments activities – that’s where our recently announced Mastercard B2B Hub comes in. It integrates with more than 130 accounting systems – and soon our InControl virtual card platform – to automate payment processes, providing greater visibility into every dollar and accelerating the conversion from checks to electronic payments.

Peace of Mind – Earlier this month, we announced our agreement to acquire Brighterion, an artificial intelligence company that we’ve worked with for several years. Their technology enables Mastercard and our customers to make more accurate decisions and fraud scoring at the time of the transaction.

It’s a strong complement to the device-based insights delivered through our NuData business, adding to the holistic investment and expertise in fraud mitigation, authentication and decision intelligence that comes without any impact on the consumer payment experience.

Digital by Default – As we entered 2017, we knew digital would continue to be a focus for the organization. Our commitment in the digital space starts with supporting our partners and customers in serving their customers across all devices and channels.

Our technologies and platforms are enabling digital wallets around the world and expanding our own Masterpass. Today, there are more than 90 million digitally-enabled accounts based on these efforts. And, for these accounts, consumers and merchants in countries across the globe are benefitting from our security expertise and technology. It’s that foundation that ensures consumers can use the digital wallet for their choice to shop and pay online, in-app and in-store everywhere Masterpass is accepted.

In early September, we’ll host our annual investor day event. We hope you’ll listen to the webcast as our senior management team shares additional updates on the company’s strategy, products and business initiatives. And for those of you joining us in person, you’ll have an opportunity to experience some of our latest technology and innovations we’re bringing to people and businesses across the globe.