MasterCard Optimistic, Perceives Positive Future
August 9, 2008 · Print This Article
The credit card company MasterCard, Inc, apparently hasn’t been strongly affected by the credit crisis that has struck the U.S. in 2007 and continues to hurt its economy until the present day. According to Walt Macnee, the president of the global markets division of MasterCard, Inc, the market for credit in countries other than the U.S. is looking particularly good right now. Thus, even while America continues to be wracked by the credit crisis, MasterCard is anticipating economic expansion and growth for itself.
During an interview with Reuters in Purchase, New York, Walt Macnee has been quoted as saying that MasterCard is “in a position [to] remain very confident about this fiscal year and the one after.” MasterCard is apparently poised to emerge in several growing credit markets around the world—countries whose quickly developing economy has left more and more people needing and wanting credit.
How do statistics bear out this positive prognosis? They seem to back it up. The company stated that it experienced an increase in its quarterly earnings in January of 2008, with a total of $304.2 million in earnings for that quarter. Since January of 2007, MasterCard’s quarterly earnings have reportedly increased more than seven-fold. In January of 2007, MasterCard was earning 30 cents per share, and a total of $40.9 million per quarter. This January, MasterCard is reportedly earning as much as $2.26 per share.
While the company did not give a specific numerical prediction for future growth this year, it is clearly optimistic.
How did MasterCard manage to weather the American credit crisis so well? Part of the reason is that MasterCard does not, itself, issue credit cards. Instead, it earns money from the total amount of credit transactions that take place on its network. Thus, MasterCard does not suffer as much when consumers are unable to pay off their credit card debts.
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[...] MasterCard Optimistic, Perceives Positive Future [...]
hahaha that is hilarious.
What is the number you call when you want to get your debit gift card from mastercard registered?
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Yeah, it’s kind of a stupid song choice, apart from how nice it sounds.
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Love this . . . little geeks into P-Funk!
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ok there buddy, i’d like to see that
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Como dice el "slogan" de la capitalista MasterCard… "Priceless"
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THAT IS HILARIOUS
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Call the number on the card and ask to speak with a supervisor. Firmly but politely tell them that their response has been unacceptable and that you want the card working immediately or you will move your money to another bank.
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Selling it for cash is good option for you.
there is no diffrents they out u in dept the same way
Ahahah ma non svelare tutto!!!
[CONT] passiert hierzulande rein gar nichts, und man darf erst mal selber dahinter steigen. Nicht mal die Filiale in Krefeld, bei der ich zuerst nachgefragt hatte, wusste eine Antwort, weil die Karte nämlich noch als aktiviert in ihrem System war. Erst ein Anruf bei meiner Heimfiliale in Haan brachte Klarheit, und auch hier nicht sofort. Zuerst musste die Dame mal selber bei VISA anrufen, dann rief sie mich zurück und gab mir die ‘verdächtigen’ Abbuchungen durch, die ich dann als legitim bestätigen musste, danach rief sie wieder bei VISA an und dann erst wurde meine Karte wieder freigegeben. Angeblich, versucht habe ich es seitdem noch nicht. Also noch umständlicher geht’s ja wohl nicht mehr! — Und warum war sie gesperrt? Weil so viele Kleinbeträge hätten abgebucht werden sollen. Aber das ist quasi alles, was ich überhaupt mit der Karte mache! Seit JAHREN! WTF!? Speziell wären es hier die Jahresgebühr für flickr gewesen und mein bereits erfolgloser Versuch, Punkte bei Bioware zu erwerben. Gut, dass ich noch eine Mastercard habe, sonst hätte ich in der Zwischenzeit gar kein iTunes nutzen können, denn wie ich feststellen musste, darf man noch nicht mal mehr kostenlose Programme oder Updates ziehen, wenn die Karte nicht mehr geht. Nenene, wie praktisch wäre da doch EIN ANRUF oder eine Info per SMS oder so, man zahlt doch genug für das Privileg der Kreditkarte. Ich zumindest. Vermutlich gibt’s das aber erst ab der Platinum- oder Diamant-Karte. SEUFZ!