8-KOther Events

Mastercard Inc 8-K Report (Nov 13, 2002)

Filed November 13, 2002For Securities:MA

Summary

This 8-K filing from Mastercard Inc., filed on November 13, 2002, provides an update on its payment program performance for the three and nine-month periods ending September 30, 2002. The report details Gross Dollar Volume (GDV), purchase volume, cash volume, transaction counts, and the number of accounts and cards across various regions and program types (credit and off-line debit). Notably, historical data for 2000 and 2001 has been restated for consistency with the 2002 reporting periods. Investors should pay close attention to the growth rates in GDV and purchase volume, as these are key indicators of the company's core business activity and market penetration.

Key Highlights

  • 1Mastercard Inc. reported performance results for its payment programs for the three and nine months ended September 30, 2002, via a press release attached as an exhibit.
  • 2The filing includes detailed tables on Gross Dollar Volume (GDV), purchase volume, cash volume, purchase and cash transactions, accounts, and cards for various regions.
  • 3Restated historical data for the years ended December 31, 2000, and 2001, is provided to align with the presentation basis of the Q3 2002 data.
  • 4Growth rates for volume-based data are presented in local currency to eliminate foreign exchange impact.
  • 5The data covers 'All Programs except On-Line Debit Programs', 'Credit Programs', and 'Off-Line Debit Programs', offering a segmented view of the business.
  • 6Worldwide GDV for the three months ended Sept 30, 2002, was $296.0 billion, with a 16.5% local currency growth rate.
  • 7Worldwide GDV for the nine months ended Sept 30, 2002, was $831.7 billion, with a 16.1% local currency growth rate.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose Mastercard's performance results for its payment programs for the three and nine-month periods ended September 30, 2002, as announced in an accompanying press release. It also provides restated historical data for 2000 and 2001 for comparative purposes.

The filing provides key metrics such as Gross Dollar Volume (GDV), purchase volume, cash volume, number of purchase and cash transactions, number of accounts, and number of cards. Growth rates for volume-based data are also presented.

Historical data for the years ended December 31, 2000, and 2001, has been restated to conform to the presentation of information for the three and nine-month periods ended September 30, 2002, and to reflect revisions to certain historical statistical data.

Mastercard reports period-over-period growth rates for GDV, purchase volume, and cash volume solely on the basis of local currency information. This approach eliminates the impact of changes in foreign currency exchange rates against the U.S. dollar.