2.2.0.7falseAcquisition of DataCash Group plc111 - Disclosure - Acquisition of DataCash Group plctruefalsefalsefalse1USDfalsefalseiso4217_USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170pureStandardhttp://www.xbrl.org/2003/instancepure0iso4217_USD_per_sharesDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares0sharesStandardhttp://www.xbrl.org/2003/instanceshares0$53us-gaap_BusinessCombinationDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalsefalse00<div>
<p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Note 2. Acquisition of
DataCash Group plc</b></font></p>
<p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">On
August 19, 2010, MasterCard entered into an agreement to
acquire all the outstanding shares of DataCash Group plc
(“DataCash”), a European payment service provider.
Pursuant to the terms of the acquisition agreement, the Company
acquired DataCash on October 22, 2010 at a purchase price of
approximately 334 million U.K. pound sterling, or $526
million.</font></p>
<p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">DataCash
provides e-commerce merchants with the ability to process secure
payments across the world. DataCash develops and provides
outsourced electronic payments solutions, fraud prevention,
alternative payment options, back-office reconciliation and
solutions for merchants selling via multiple channels. DataCash
also has a fraud solutions and technology platform. MasterCard
believes the acquisition of DataCash will create a long-term growth
platform in the e-commerce category while enhancing existing
MasterCard payment products and expanding its global presence in
the internet gateway business.</font></p>
<p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">        As of
September 30, 2010, the Company had designated approximately
334 million U.K. pound sterling, or $527 million for the
acquisition of DataCash. The cash was classified as restricted cash
on the Company’s balance sheet to represent
management’s intended use of those funds. However, the
Company remained in control of the funds with the ability to access
and use them without legal restriction.</font></p>
<p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">MasterCard had
exposure to foreign exchange rate fluctuations related to the
DataCash acquisition price. As a result, the Company purchased
foreign currency option contracts to limit the risk. See Note 20
(Foreign Exchange Risk Management) for further details.</font></p>
<p style="MARGIN-TOP: 12px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px">
<font style="FONT-FAMILY: Times New Roman" size="2">The DataCash
transaction closed on October 22, 2010 and the purchase
accounting will be completed in the fourth quarter of 2010.
Accordingly, the Company has not yet allocated the purchase price
to the assets and liabilities acquired with its purchase of
DataCash.</font></p>
</div>Note 2. Acquisition of
DataCash Group plc
On
August 19, 2010, MasterCard entered into an agreement to
acquire all the outstanding shares of DataCashfalsefalsefalseus-types:textBlockItemTypetextblockDescription of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable).Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph F4
-Subparagraph e
-Appendix F
false11falseUnKnownUnKnownUnKnownfalsetrue