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How MasterCard Became a Tech Company

In an online feature story Fortune Magazine provides an inside look at MasterCard’s evolution to becoming a technology company.

The article provides a comprehensive overview of MasterCard’s journey which began as an association of major banks and has since evolved to a technology focused innovator led by CEO Ajay Banga.

Writer Daniel Roberts sums it up well saying “Now the company most people associate with a piece of plastic is going virtual, digital and biometric.”

Payment technology innovations mentioned include MasterPass, ShopThis!, inControl and biometric prepaid cards.

Barclays analyst Darrin Peller weighs in that “There are many times where I see MasterCard make headlines first”. “I think that’s their culture now. They are trying to be extraordinarily innovative.”

Keep an eye out for the August 11 issue on newsstands to read the story in print.