Discussion 1
MasterCard’s data warehouse has emerged to play an very important role in the
company’s competitive strategy.  This
global data has turned into a business knowledge (BI) motor that enables the
credit card giant and its customers settle on more powerful business choices. With
the help of data warehouse master card can create very detailed records for the
customers. Something bought at electronic store could reveal that the person is
more into electronics or if a person is make more frequent payments at the
restaurant may reveal that the person enjoys dinning and going out.

MasterCard’s
executives quickly got hands on the data warehouse concept suggested by the IT
division as a potential distinct advantage. MasterCard administrators normally
required a detailed business case legitimizing IT venture suggestions, yet for
this situation, the officials right away perceived the proposed information
distribution center as a vital move to give MasterCard a focused edge.
MasterCard needed to enhance piece of the overall industry. At the time,
MasterCard represented just around 25% of charges for products sold overall
utilizing MasterCard, with Visa representing half. Since the production of the
information stockroom, MasterCard’s piece of the overall industry expanded to
31%. Even though Visa keeps on being the business pioneer, MasterCard’s part as
a worldwide pioneer in charge card preparing has reinforced.
Financial institution that use MasterCard depend on the historical backdrop of
Visa exchanges to give data to focused advertising and business arranging. For
instance, a bank that issues MasterCard may see an expansive volume of charges
for flights on a specific airline. Comparative limited time openings could be
offered to an inn network that would give extra impetuses, to use MasterCard to
hold and pay for a room.

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Discussion 2
MasterCard runs a combination of homegrown and off-the-rack investigative
devices to distinguish purchasing patterns, charge card misrepresentation, and
other valuable data. The organization can connect and break down exchanges to
decide a buyer’s advantage or recognize irregularities that recommend a card
has been stolen. MasterCard offers bank customers access to these tools, and
custom reports. Among the signature applications gave by MasterCard is its
Portfolio Analytics suite of BI and announcing instruments. This suite
incorporates an extensive variety of standard reports that let individuals
break down exchanges each day, week, or month and contrast the outcomes with
various parts of the nation, different parts of the world, or predefined
gatherings of comparable banks In any case, it is the arrangement of
utilizations gave to individuals that is pivotal in increasing aggressive edge.
MasterCard means to pick up support with portfolio directors and part banks,
who choose whether to push Visa or MasterCard. If the online tools enable
managers to examine the productivity of the cards in their portfolio better or
acquire clients and exchange volume quicker, at that point MasterCard benefits.

I
think larger and smaller clients equally will get benefits from master card
analytic tool because BI tool will help both larger and smaller clients to
gather a greater volume of data which will help both the clients identifying
trends of the customer.

Discussion 3
Tap & Go payments are being made via traditional plastic
cards but also with new payment devices such as mobile phones, watches, or
stickers – the method of choice of the individual consumer. Transit, from the public
buses to highway tollways, also continues to offer some of the greatest
opportunities for contactless. MasterCard Pay Pass is being tested and used at
some of the world’s busiest commuter hubs to improve the speed, convenience,
security and reliability of transit systems by displaying cash and outdated
systems.
Mobile phones are at the center of a fundamental shift in consumer’s everyday
lives. MasterCard is helping consumers use their phones in day-to-day
activities, allowing them to leave their wallet at home and rely on their
mobile phone:
(a) Tapping the phone to pay with Near Field Communication (NFC) – enabled
handsets.
(b) Having greater control of their card accounts through MasterCard in control
and text messages, with important purchase and account information direct
through to their mobile phone.
(c) Using a convenient, secure platform for all kinds of payment-related activities
from their mobile phones.
(d) Using the phone to authenticate purchases, helping to secure their card-not-present
transactions.
However, contactless cards are accepted at far fewer locations than mag-stripe.
Consumers cannot leave home with only their NFC-capable phone, because they
will inevitably need a mag stripe to pay. If you have multiple cards in your
wallet and you pay without removing them, the winner is random luck. Sometimes,
this can cause real issues. Only information that has been exchanged at that
point of time is randomly generated 16-digit number. According to  me the tap and go payments technology has no
limits and will be very helpful to users.

Discussion 4
ADVANTAGES OF DIGITAL WALLET:
1. Lower Cost: Employing the use of
digital wallets removes the need for intermediaries, in a variety of forms.
Purchases in-store may no longer require a cashier because the purchasing process
becomes a tap or scan of a mobile device.
2. Competitive Advantage: Digital
wallet applications provide the more convenient transaction processing method
for customers, giving businesses that employ this technology a competitive edge
in the market. It redefines the user experience of paying and incorporates a
novelty aspect to each purchase.

3.
Modern: Digital wallet opens up an
entirely new aspect to payment method in large market which will increase greater
potential revenue
4. Convenience: Users can get
through a purchase in mere seconds with a simple tap or scan of their mobile
device. The experience of purchasing items becomes quicker and easier-leading
to a greater sense of satisfaction. Also, with faster transactions, checkout
lines within stores become much stronger.

DISADVANTAGES OF DIGITAL WALLET
1. Investment: The initial monetary
investment for building a functional
digital wallet application is quite large. It requires the initial development
of the software as well as the continual maintenance, updates and fixes
associated with it. Upon acquiring software, the business would also need to
install the corresponding hardware in their stores, which leads to a further
increase in costs.
2. Support Technology: There are few
supporting technologies to choose from now, with NFC terminals and phone
readers being the most prevalent. In the case of digital wallets, they can only
function with a corresponding hardware device for each application. NFC
terminals and specialize scanners are the only devices created now that will
support the processing of digital wallet payments; thus, it is very limited
because the technology is still new.
3.  System Outages: Information for digital wallets are stored
on the cloud of business servers; therefore, the risk of a system malfunction
or shut down is always present. As a result, businesses will not be able to
process payments or they will become increasingly slow due to high traffic in
the servers.
4.  Security: Companies must
ensure that their customers’ information is encrypted and well protected.
They must develop security systems
that are as safe and full proof as possible to avoid potential security issues.

Pay Pass Wallet Services is an attempt to expand it to online stores and mobile
phone users. Merchants want flexibility to easily accept digital payments so
they can convert more browsers to buyers. MasterCard plans to allow banks, merchants
and other partners to use its own technology to create their own digital
wallets. It will also distribute developer tools to allow other digital wallets
to connect to the Pay Pass acceptance network, allowing their customers to make
purchases online or in stores that accept Pay Pass.

Discussion 5
A mobile payment process works by providing two parties in a
transaction with a single touch point, such as bank or credit card service or a
payment-service provider. Mobile payment technologies are defining the next
generation of commerce. Retailers face several challenges in adopting these new
technologies. The retail payment transactions have been initiated by an
in-store point-of-sale system that reaches out to the payment processor for
authorization. With the emergence of mobile payments, customers can now
initiate payments through cloud-based mobile applications that don’t require a
POS transaction. Given this, store locations are faced with real obstacles in
successfully managing the coming influx of cloud-initiated transactions. One
significant problem individual stores will face is how to account revenue from,
and cost of, cloud-purchased goods sourced locally from their store site. There
are few solutions that connect the cloud transaction to the specific store site
where the goods are bought, therefore, the reduced inventory cannot be
reconciled with revenue generated at the specific store site. Unless this issue
is resolved, there will be little adoption of mobile cloud to local POS payment
applications. The stores will lose potential sales and payment providers will
fail to expand their market opportunity.

In
my opinion, the second problem will be very difficult to address because
security is the most important factor that governs the financial world and can
drastically increase or decrease the customer base. As with the rapid increase
in the customer data base will create a new security threads and can have a
severe effect on user experience.