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-- when you swipe your credit card to make a holiday purchase have you ever wondered about what goes on behind the scenes the technology.
Behind that transaction.
Jeff Flock is behind it all in a -- Missouri with the -- have -- exclusive behind the scenes look at the MasterCard global technology and operations center -- We always love to look what goes on behind the scenes.
A ticket and I am deep in the bowels of MasterCard I -- say there's more security -- -- Missouri that there is at the White House.
Michael think he's he's the chief technology officer MasterCard what -- we have right now we're in one of the data center it was Jeff and there's a lot of what you see -- here is a lot of telecommunications equipment some data storage.
Will we do is we connect.
We see ourselves kind of and a a part of commerce because we connect them is that mid point you could point the banks and the food -- and the -- -- merchants the card holders and the financial institutions so that we can enable commerce throughout the world conveniently and securely at the end did NASA over here -- just a moment but I just want to tell our viewers this.
Every transaction that happens at -- essentially comes through here in some.
-- -- -- -- -- And.
It all has to be monitored here -- him.
Here is fast I almost a -- a slow by OK to talk -- apple voice yeah.
Yet this is where we do all of the monitoring -- mrs.
basically they're really three functions -- you think about the things we do a lot of things that we do you know walked back if you tell me that Michael walked back is at the scene from the back of the room I think is particularly telling in terms of how many -- by the -- -- -- transactions and a year well last year we did when he won over 21 billion transactions billion with a -- ability.
And and basically you -- I'm a year it's especially important because they're generally -- of the increased levels of activity interesting that you talked about busiest year maybe -- spins around and we see what your monitoring appear to -- looks a bit like NASA in.
And then what what are we seeing -- on those monitors but there's a number of different applications that are being monitored yet been -- -- three functions when you think about what we do we actually.
There's the authorization process so when you swipe that card at the -- Or when you -- center on the year Europe PC terminal.
Basically that transaction needs to be routed to your financial institutions to approve that transaction and your -- So that's that authorization process that the first core element of what we do.
The second thing that we do is the actual movement of the data so that ultimately when you get your statement at the end of that month.
And you see that -- that data needs to be moved.
From the -- out of -- and that's what you do there.
-- process and ultimately the movement of money and the movement of the money it would transfer the money financial -- institutions.
Now I want to take a look here and talk about sure your.
Peak times because we're in the peak time of the year right now.
What's your busiest day of the year well it's it's -- -- -- because a lot of people think that Black Friday the they -- the Thanksgiving is typically the busiest day of the year.
Last year December 23 was the busiest day of the year and while we don't know what.
It's going to be busy I would suspect December 23 is going to be another very very busy day for us that you could be the busiest and I did that like except last year that was the case and I I would certainly be out there not -- I'm monitoring the capabilities of the network but also contributing to that.
I was gonna say and we -- to pull our -- out at the end this is that I have a master argument about able to see that.
And that would be actually my daughter's on there that's apple ones MasterCard but try to cover the numbers and nobody comes away with it like -- that.
-- OK don't cover my daughter.
MasterCard first ever live broadcast within the bowels of -- Fallon misery -- global technology operations center.
Michael thank you so much for the the entree here today this is what happens to your card -- -- -- -- Here's where it goes.
Jeff how old were you when you had that child twelve.
I've got another car that I got when I was in college and I want it to tell you I think it was a master but with the cold master charge back then I think there was one at -- It had a different name is dating yourself in the morning that thanking Jeff -- made my day at MasterCard we will see you next hour there.
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