The U.S. Supreme Court recently held unconstitutional laws prohibiting corporate contributions
for independent expenditures, including contributions to groups known as “Super-PACs”. Super-
PACs, which are political committees registered with the Federal Election Commission (FEC)
solely for the purpose of funding independent expenditures, are required to be transparent and
disclose all contributions and expenditures on regular reports filed with the FEC. To the extent
the Company determines to contribute to Super PACs or the Company makes any Independent
Expenditures, information regarding such contributions will be made available here.
In connection with its business initiatives, Mastercard is a member of various trade associations
and pays regular dues for such membership. The Company does not normally make additional,
non-dues payments to support such group’s political contributions or independent expenditures.
Examples of trade associations in which Mastercard is a member include: Financial Services
Roundtable, Consumer Bankers Association, American Bankers Association, American
Financial Services Association, Electronic Funds Transfer Association and Electronic
Transactions Association. Mastercard does not direct how the dues paid to trade associations are
spent. However, Mastercard will request from any trade association that receives $50,000 or
more from the Company during a calendar year, information regarding that portion of the
Company’s dues and any other payments, if any, used for political contributions or independent
expenditures. Notice of use of payments for the purposes described above from any trade association can be found here.