Mastercard Incorporated Q2 2010 Earnings Call Transcript

Mastercard Incorporated (MA)

Q2 2010 Earnings Call

August 03, 2010 9:00 am ET

Executives

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Ajaypal Banga - Chief Executive Officer, President, Director, Member of Executive Committee, Chief Executive Officer of MasterCard International and President of Mastercard International

Barbara Gasper - IR

Martina Hund-Mejean - Chief Financial Officer and Member of Executive Committee

Analysts

James Friedman - Susquehanna Financial Group, LLLP

Adam Frisch - Morgan Stanley

Robert Napoli - Piper Jaffray Companies

Craig Maurer - Credit Agricole Securities (USA) Inc.

Sanjay Sakhrani - Keefe, Bruyette, & Woods, Inc.

Thomas McCrohan - Janney Montgomery Scott LLC

Julio Quinteros - Goldman Sachs Group Inc.

Bryan Keane - Crédit Suisse AG

Tien-Tsin Huang - JP Morgan Chase & Co

Rod Bourgeois - Bernstein Research

Donald Fandetti - Citigroup Inc

Andrew Jeffrey - SunTrust Robinson Humphrey Capital Markets

Jason Kupferberg - UBS Investment Bank

James Kissane - BofA Merrill Lynch

Presentation

Operator

Good day, ladies and gentlemen, and welcome to MasterCard's Second Quarter Earnings Conference Call. My name is Jeremy, and I will be your coordinator for today. [Operator Instructions] At this time, I would like to turn the presentation over to your host for today's call, Ms. Barbara Gasper, Head of Investor Relations. Ma'am, you may proceed.

Barbara Gasper

Thank you, Jeremy. Good morning, and thank you, all, for joining us today, either by phone or webcast, for a discussion about our second quarter 2010 financial results. With me on the call today are Ajay Banga, our President and Chief Executive Officer; as well as Martina Hund-Mejean, our Chief Financial Officer. Following comments from Ajay and Martina, highlighting some key points about the business environment and our second quarter results, we will open up the call for your questions.