Insights into MasterCard and Its Soon-To-Be CEO

A new CEO is about to take over at MasterCard, and he faces some new challenges. This WSJ article has some interesting insights into the soon-to-be MasterCard CEO and the credit card industry:

Like larger rival Visa Inc., MasterCard doesn't set interest rates, collect payments or impose fees. Instead, it earns money by zapping information around the globe so that transactions get approved in a split second.