Mastercard 8K These forward-looking statements are based on our current | MA 13 May 09

May 13, 2009

MasterCard Incorporated

2009 Investment Community Meeting

Exhibit 99.1

May 13, 2009

2009 Investment Community Meeting

Today’s presentation may contain, in addition to historical information,

forward-looking statements within the meaning of the Private

Securities Litigation Reform Act of 1995.

These forward-looking statements are based on our current

assumptions, expectations and projections about future events which

reflect the best judgment of management and involve a number of

risks and uncertainties that could cause actual results to differ

materially from those suggested by our comments today. You should

review and consider the information contained in our filings with the

SEC regarding these risks and uncertainties.

MasterCard

disclaims

any

obligation

publicly

update

revise

any

forward-looking statements or information provided during today’s

presentations.

Forward-Looking Statements

May 13, 2009

Strategic

Overview

2009 Investment Community Meeting

Robert W. Selander, President and Chief Executive Officer

May 13, 2009

2009 Investment Community Meeting

Operating Environment

Remaining Flexible and

Adapting

to the

leveraging

our

strengths

challenging

environment

May 13, 2009

2009 Investment Community Meeting

MasterCard GDV, Processed Transactions,

and Net Revenue Growth

* Net Revenue growth has been FX adjusted for the Euro and Real

10%

15%

20%

25%

Q2'08

Q3'08

Q4'08

Q1'09

GDV (LC)

Processed Transactions

Net

Revenue*

May 13, 2009

2009 Investment Community Meeting

Managing for Top-Line Growth

and Bottom-Line Performance

•

Continuing to focus on expense reduction

–

Prudent management of G&A and A&M

–

Reorganization contributed to efficiencies

•

Maintaining a healthy balance sheet

•

Investing for the future

May 13, 2009

2009 Investment Community Meeting

Current Environment:

U.S. Consumer Spending

High Sensitivity

Home furnishings;

luxury retail; appliances

High Sensitivity

Home furnishings;

luxury retail; appliances

-20% to -27%

Medium Sensitivity

Airlines; hotels;

footwear; apparel

Medium Sensitivity

Airlines; hotels;

footwear; apparel

-10% to -20%

Low Sensitivity

Groceries; fast food;

telecomm; beverages;

drugstores

Low Sensitivity

Groceries; fast food;

telecomm; beverages;

drugstores

Flat to Positive

Source: MasterCard SpendingPulse, April 2009. A macro-economic indicator, SpendingPulse reports on national retail sales and is based on aggregate sales

activity in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check. MasterCard SpendingPulse does

not represent MasterCard financial performance. SpendingPulse is provided by MasterCard Advisors, the professional services arm of MasterCard Worldwide.

May 13, 2009

2009 Investment Community Meeting

Current Environment:

Payments Industry

Customers facing

a multitude of challenges

Industry consolidation

Increased competition

May 13, 2009

2009 Investment Community Meeting

Current Environment:

Regulatory/Legislative

Regulatory/legislative

developments

•

Interim arrangement with

European Commission

•

U.S. legislative

environment

•

Dual issuance in Canada

Customers facing

a multitude of challenges

Industry consolidation

Increased competition

May 13, 2009

2009 Investment Community Meeting

Looking Ahead:

Economy and Payments Industry

•

Pace of decline slowing in U.S.

•

Economic conditions mixed outside of U.S.

•

Impact of stimulus packages still to come

•

Consolidation of banks likely to continue

•

Payments industry will continue to face challenges

May 13, 2009

2009 Investment Community Meeting

Dynamic Strategy

•

Remain flexible

•

Better mitigate threats

•

Take advantage of

opportunities earlier

•

Be more adaptive and agile

Helping us…

Industry trends and

forces at work

Tracking…

Utilizing

Scenario

Planning

Utilizing

Scenario

Planning

May 13, 2009

2009 Investment Community Meeting

Customer-Focused Strategy

Sensitive to cultural

and regulatory

differences

Developing products

and solutions

for local markets

May 13, 2009

2009 Investment Community Meeting

International Markets

U.S. Markets

Each region has a lead for:

Customers

Customer-Focused Strategy

Commerce

Development

Customer

Delivery

Products &

Solutions

APMEA

Canada

Europe

LA/C

United States

May 13, 2009

2009 Investment Community Meeting

Leveraging Our Strengths to

Capture Opportunities

Franchisor

Processor

Advisor

•

Continued migration to

electronic payments

•

Technologically savvy

consumers/businesses

•

Opportunities in debit,

prepaid, affluent,

commercial, mobile

•

Growth in processed

transactions

•

Need for advisory

capabilities, particularly in

today’s environment

May 13, 2009

2009 Investment Community Meeting

Summary

Solid business model

Strong global diversification

Well positioned for the long term

Remaining Flexible and

Adapting

to the

leveraging

our

strengths

challenging

environment

May 13, 2009

Fireside Chat

2009 Investment Community Meeting

Chris McWilton, President, U.S. Markets

Walt Macnee, President, International Markets

May 13, 2009

Global Products and Solutions

2009 Investment Community Meeting

Gary Flood, President, Global Products and Solutions

May 13, 2009

2009 Investment Community Meeting

Core Products

Innovative Platforms

Network Products

MasterCard Advisors

Worldwide Marketing

& Communications

Organized and Aligned to Deliver

Franchisor

Processor

Advisor

Impactful

Solutions

May 13, 2009

2009 Investment Community Meeting

Solving Customer and Market Needs

We fully understand our customers’

local, regional and

global needs —

for today and tomorrow

Impactful

Solutions

Insights

People

Technology

Brand

May 13, 2009

2009

Investment

Community

Meeting

Understanding the Opportunity

Displace

Cash and Checks

Displace

Cash and Checks

Focused

ways to…

Total

commercial

card

spend

to grow to $1.2T by 2011

More than

64 million

small

businesses

globally

Gen

the

average

$100/week

disposable

income

retail

e-commerce

sales

grow

$203B

2013

P2P

$456B Globally by 2010

Prepaid

$650B

Globally

2015

Smart

phones

will

comprise

38%

of all mobile phones by 2011

Affluent

households

account

for

47% of household income in the US

Sources:

eMarketer;

2009;

“The

Affluent

Market

the

US,”

Packaged

Facts

Apr

2007;

World

Bank,

2009;

Boston

Consulting

Group/PSE

Study,

May

2008;

Euromonitor

adjusted

for

annual inflation,

2007;

Dun

Bradstreet,

Market

Insights,

2009;

“

Tough

Customers,

how

beat

Gen

Y,”

Microsoft

small

business

center,

2009;

“

eMarketer

Revise

e-commerce

Forecast,

”

eMarketer, March

2009

May 13, 2009

2009 Investment Community Meeting

Trends We’re Tracking

CUSTOMER

CONSUMER/

COMMERCIAL

Cost containment

Portfolio optimization

International spend and remittance flows

Empowerment of youth

Spending power of underserved

All-in-one products & services

Technology advancements

Bank consolidation

May 13, 2009

2009

Investment

Community Meeting

Setting

Priorities,

Investment

Strategies

Insights

drive priorities

Commercial

Affluent

inControl

P2P

Mobile

Prepaid

PayPass

E-commerce

Processing

Brand & Reputation

Advisors

Impactful

Solutions

Debit

May 13, 2009

2009 Investment Community Meeting

Managing Risk and Fraud

Solving Today’s Needs and Paving the

Way for Tomorrow’s Opportunities

with Relevant

Insights…

Innovation

Portfolio

Optimization

The Market

Network

Technology

Into New

Segments

•

Benchmarking

•

Research

•

Predictive capabilities

•

Analytics

May 13, 2009

2009 Investment Community Meeting

Solving Today’s Needs and Paving the

Way for Tomorrow’s Opportunities

with Relevant

Insights

Network

Technology

Innovation…

Into New

Segments

The Market

Portfolio

Optimization

•

Mobile

•

Contactless

•

Controls for

businesses and

consumers

BarclayCard Orange

MasterCard inControl

™

May 13, 2009

2009 Investment Community Meeting

Solving Today’s Needs and Paving the

Way for Tomorrow’s Opportunities

Partnering to Drive Results

with Relevant

Insights

Portfolio

Optimization…

Network

Technology

Innovation

Into New

Segments

The Market

•

Strategy definition

•

Partner selection

•

Operations set-up

•

Activation, usage & retention

May 13, 2009

2009 Investment Community Meeting

Solving Today’s Needs and Paving the

Way for Tomorrow’s Opportunities

France Retail Innovation

with Relevant

Insights

Portfolio

Optimization

The Market…

Network

Technology

Innovation

Into New

Segments

•

Coordinated issuer &

merchant strategies

•

Differentiated products

•

Processing and acceptance

Canada Chip Migration

May 13, 2009

2009 Investment Community Meeting

Solving Today’s Needs and Paving the

Way for Tomorrow’s Opportunities

with Relevant

Insights

Portfolio

Optimization

The Market

Network

Technology

Into New

Segments…

Innovation

•

Emerging opportunity

•

Strong growth potential

•

Global leverage

•

Local execution

Exclusively for Women

Barclaycard UK Small Business

May 13, 2009

2009 Investment Community Meeting

Solving Today’s Needs and Paving the

Way for Tomorrow’s Opportunities

Network

Technology

with Relevant

Insights

Innovation

Portfolio

Optimization

The Market

Into New

Segments

Intelligent Ways to Grow

•

Wired for speed & reliability

•

Real-time processing

services

•

High-volume thresholds

May 13, 2009

2009 Investment Community Meeting

MasterCard successfully leverages its capabilities

deploying local and regional expertise and

learnings worldwide.

May 13, 2009

Core Products

2009 Investment Community Meeting

Tim Murphy,

Group Executive, Core Products

May 13, 2009

2009 Investment Community Meeting

Core Products –

Today’s Focus

Expand the

business by…

•

Driving meaningful differentiation

•

Delivering thought leadership and

deep product expertise

•

Executing disciplined product strategies

•

Integrating and aligning

around opportunities

Affluent Consumer Credit

Debit

Prepaid

May 13, 2009

2009 Investment Community Meeting

Affluent Consumer Credit

Leveraging the

equity in

Priceless

Leveraging the

equity in

Priceless

priority

for

our

customers

Sizable,

growing,

resilient

Core

growth

Asia,

the

Middle

East

and

Latin

America

Customers

are

increasingly

open

partnering

with

MasterCard

May 13, 2009

2009 Investment Community Meeting

Affluent Consumer Credit

Our affluent strategy

is to build

flexible solutions that

drive true business value

to our financial institution customers.

Our affluent strategy

is to build

flexible solutions that

drive true business value

to our financial institution customers.

•

Revitalized World MasterCard program

•

Expansion of World Elite program

•

Building in global consistency and

local customization

•

Deliver value based on a deep

understanding of the consumer segments

May 13, 2009

2009 Investment Community Meeting

Debit

Debit is a

rapidly growing

non-cash global

payment method.

May 13, 2009

2009 Investment Community Meeting

Emerging high-growth

(Central/Eastern Europe)

Grow volumes around acceptance,

education, activation and usage

Debit

Driving integrated strategies

market by market…

Continental Europe/SEPA

Expand Maestro, increase domestic

processing, deliver best-in-class features

Mature (UK and the Nordics)

Roll out Debit MasterCard,

retain Maestro

Europe

May 13, 2009

2009 Investment Community Meeting

Debit

Taking our game

to the next level…

U.S.

Executing our strategy to

grow the business

•

Optimize the franchise for debit

•

Secure the base / support

customer performance

•

Growing scale and share of

new business

•

Deliver unique products / value

propositions

May 13, 2009

2009 Investment Community Meeting

Prepaid

Prepaid is one of the

fastest growing

payment categories

for MasterCard.

Public

Sector

Public

Sector

Corporate

Programs

Corporate

Programs

Financial

Inclusion

Financial

Inclusion

Top three categories targeted…

May 13, 2009

2009 Investment Community Meeting

Big Wins in Prepaid

One of the largest awarded social

benefits

card

programs

Europe.

(Poste

Italiane

in Italy)

Largest consumer reloadable /

financial inclusion program

in the U.S. (H&R Block Bank)

Largest awarded public sector

benefits

card

opportunity

the

U.S.

(Social Security Administration & Comerica)

* Mercator

May 13, 2009

2009 Investment Community Meeting

Prepaid Travelex Win

World’s largest

foreign currency

prepaid card provider

prefers MasterCard’s…

Strong

Global Brand

Strong

Global Brand

Leadership

in Prepaid

Leadership

in Prepaid

Global

Processing

Capabilities

Global

Processing

Capabilities

Portfolio

Optimization

Expertise

Portfolio

Optimization

Expertise

May 13, 2009

2009 Investment Community Meeting

Advancing

MasterCard’s

strategy with…

Differentiation,

Thought Leadership,

and Integration

Advancing

MasterCard’s

strategy with…

Differentiation,

Thought Leadership,

and Integration

Core Products

May 13, 2009

Innovative Platforms

2009 Investment Community Meeting

Joshua Peirez, Group Executive, Innovative Platforms

May 13, 2009

2009 Investment Community Meeting

Today’s Discussion

Approach to

Innovation

Demonstrating

Example

Uses of

Technology

May 13, 2009

2009 Investment Community Meeting

The Importance of Innovation

Our unique platforms give us

the

ability

add

value

every transaction.

Game-changing

innovations

move choice and control to the

hands of the consumer.

Technology

innovations

deliver

new ways to connect consumers

with their payment accounts.

Innovating got us where

we are today, but today’s

innovations represent

tomorrow’s table stakes.

May 13, 2009

2009 Investment Community Meeting

Our Product Development Approach

We prefer to aim at

where the target will be…

not just where it is TODAY.

May 13, 2009

2009 Investment Community Meeting

Identifying Strengths and Capabilities

Real-time

access to data

Personalization

at the

account level

Fast payment

processing

Global

interoperability

Easy integration of

emerging channels

Greater

profitability

from existing

customers

May 13, 2009

2009 Investment Community Meeting

Building Best-in-Class Solutions

Integrated

Solutions

Integrated

Solutions

May 13, 2009

2009 Investment Community Meeting

Using Technology to Innovate

Build

leverage existing

resources and

network expertise

Acquire

gain functional

capabilities we

identify as a need

Partner

bring together

‘best of the breed’

technology providers

May 13, 2009

2009 Investment Community Meeting

Authorization Controls

Specific

Merchants

Transaction

Limits

Curfews

Geography

The Acquisition of Orbiscom

Routing Controls

Alert Controls

SMS/Email

On Event

Forewarning

Credit

Debit

Installment

Home Equity

Line-of-Credit

Issuers

Corporations

Cardholders

May 13, 2009

2009 Investment Community Meeting

E-commerce: Online Channels Drive Growth

May 13, 2009

2009 Investment Community Meeting

Mobile: The Right Partnership Approach

Who Controls the

Winning Strategy?

Hardware designers

Application writers

SIM chip manufacturers

Mobile network operators

May 13, 2009

2009 Investment Community Meeting

P2P: Building the Framework

May 13, 2009

2009 Investment Community Meeting

can allow you to own the space

Applications

Identifying the ‘Sweet Spot’

Technology

make it all possible

Innovation

is what our

customers want…

Innovation

is what our

customers want…

speeds

convergence

speeds

convergence

Platforms

…and it’s what we’re delivering.

May 13, 2009

Financial Perspective

2009 Investment Community Day

Martina Hund-Mejean, Chief Financial Officer

Secular Shift from Cash and

Checks Continues Globally

2003 PCE

$22 trillion

2008 PCE

$33 trillion

Personal

Consumption

Expenditure

(PCE)

Estimated

to be

$38 trillion

2013

Checks

18%

Cash

47%

Electronic Payments

(Cards and EFT)

35%

Electronic Payments

(Cards and EFT)

45%

Cash

44%

Checks

11%

5.5%

ROW

10.5%

8.8%

2003 -

2008 CAGR

1.5%

ROW

3.2%

2.7%

2008 -

2013 CAGR (

Est)

Source:, Economist Intelligence

Unit, Euromonitor

International

43.3

27.8

18.7

6.7

3.5

-10

Europe

APMEA

LAC

Canada

1Q09 Worldwide GDV Performance

Percentage Weight of 1Q09 MasterCard GDV

Europe

APMEA

LAC

Canada

Worldwide

Local Currency Growth

-8.0%

3.9%

16.1%

7.1%

-0.3%

0.3%

USD Growth

-8.0%

-16.1%

2.4%

-16.0%

-19.7%

-9.7%

-10%

-5%

10%

15%

1Q08

2Q08

3Q08

4Q08

1Q09

US Gross Dollar Volume, Purchase

Volume & Retail Sales

(1Q ‘07 –

1Q ‘09)

* Source: U.S. Department of Commerce (Unadjusted Retail & Food Services, excl. Auto)

US Retail

Sales*

Purchase

Volume

MA GDV

Gross

Dollar

Volume

Credit

and

Debit

(1Q ’07 –

1Q ’09)

62%

38%

64%

36%

64%

36%

63%

37%

60%

40%

60%

40%

60%

40%

59%

41%

54%

46%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

Debit

Credit

Gasoline Volume Growth Scenarios - 2009

-50%

-40%

-30%

-20%

-10%

10%

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Impact of Lower Current Gas Prices on

2009 US Processed Volumes for Gas

Actual

Scenarios

$3.00 /

gallon

$2.50 /

gallon

$2.10 /

gallon

10%

12%

14%

16%

18%

20%

22%

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

ROW Gross Dollar Volume, Purchase

Volume and Card Growth

(1Q ’07 –

1Q ’09)

Cards

Purchase

Volume*

GDV*

*Local currency basis

ROW Gross Dollar Volume Growth, by

Region

(1Q ’07 –

1Q ’09)

-5%

10%

15%

20%

25%

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

APMEA

Latin

America

Europe

Canada

Local currency basis

Worldwide MasterCard Branded Cross Border

Volume and International Travel Growth

Source: International Air Transportation Association (IATA)

*Local currency basis

-15%

-10%

-5%

10%

15%

20%

25%

30%

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

1Q09

Cross

Border*

IATA

Quarter-to-date Update

•

Processed volumes

•

Processed transactions

•

Cross border volume growth

Outlook for Full-Year 2009

•

Net revenue growth expected to fall below 12-15%

longer-term objective

–

Cross-border trends

–

Currency impact

–

Impact of deals on rebates & incentives

•

Total operating expenses expected to be flat to down

slightly, including impact of all severance charges

–

G&A

–

A&M

•

Thoughts on net income growth

Remain Committed to Our Longer-Term

Performance Objectives

•

Average

annual

net

revenue

growth

–

15%

•

Annual

Operating

Margin

improvement

ppt

•

Average

annual

net

income

growth

–

30%

•

Key assumptions

–

Constant FX rate

–

Effective annual tax rate of 35%

Strong Capital Position

•

Solid balance sheet

•

Healthy cash flow

generation

•

Flexibility for strategic

investments

•

Returned excess cash to shareholders primarily through

share repurchases

–

Completed $1.25 billion share repurchase program in 2008

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

2004

2005

2006

2007

2008

Book Equity

Cash & Investments

In Summary

•

Committed to our longer-term

objectives

•

Current environment

•

Realizing our potential

May 13, 2009

Question & Answer Session

2009 Investment Community Meeting

Mastercard (MA) 8-KThese forward-looking statements are based on our current