MasterCard Rules (PDF)

Control
As used herein, Control has such meaning as the Corporation deems appropriate in its sole
discretion given the context of the usage of the term and all facts and circumstances the
Corporation deems appropriate to consider. As a general guideline, Control often means to have,
alone or together with another entity or entities, direct, indirect, legal, or beneficial possession (by
contract or otherwise) of the power to direct the management and policies of another entity.
Corporation
MasterCard International Incorporated and its subsidiaries and affiliates. As used herein,
Corporation also means the President and Chief Executive Officer of MasterCard International
Incorporated, or his or her designee, or such officer(s) or other employee(s) responsible for the
administration and/or management of a program, service, product, system or other function.
Unless otherwise set forth in the Standards, and subject to any restriction imposed by law or
regulation or by the Board or by the MasterCard Incorporated Certificate of Incorporation or by
the MasterCard International Incorporated Certificate of Incorporation (as each such Certificate
of Incorporation may be amended from time to time), each such person is authorized to act on
behalf of the Corporation and to so act in his or her sole discretion.
Cross-border Transaction
A Transaction that originates via a Point-of-Interaction (POI) Terminal located in a different country
from the country in which the Card was issued.
Customer
An alternative term for Member. A Customer may be a Principal Member, an Association Member,
or an Affiliate Member.
Customer Report
Any report a Customer is required to provide to the Corporation, whether on a one-time or
repeated basis, pertaining to its Participation, Activities, use of any Mark, or any of such matters. By
way of example and not limitation, the Quarterly MasterCard Report (QMR) is a Customer Report.
Data Storage Entity (DSE)
A Service Provider that performs any one or more of the services described in Rule 7.1 as DSE
Program Service.
Electronic Money
Electronically (including magnetically) accessed monetary value as represented by a claim on
the Electronic Money Issuer which:
1. is issued on receipt of funds for the purpose of making transactions with payment cards; and
2. accepted by the Electronic Money Issuer or a person other than the Electronic Money Issuer.
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MasterCard Rules • 12 December 2012 3