Summary
The article talks about the partnership that Disney and Mastercard has created to create more consumers because of Mastercard’s payment technologies. Cards from other competitors are still able to be used but there would be no sponsorship from Disney unless it is with Mastercard. Walt Disney Company’s president Diego Lerner said “ with this alliance, Mastercard will benefit from Disney’s one of a kind expertise in family entertainment enabling them to reach this important audience in a fun new way”. What the president said seems to be true since Mastercard’s past experience with sponsors show strong stability such as 15 years of sponsor of Brit Awards.
Connections
The article relates to one of the terms in chapter fourteen – credit card. A credit card can be defined as a card that is part of a system where it entitles it’s holder to pay for the goods on a later date. Modern society has many people using credit cards in their day to day lives. Businesses have to adapt by having a different technological payments rather than the old fashion cash. Usually businesses who accept these different payments are usually are on the good side of making profit because there are expenses that would have to be paid out in order to have the payment services function.
Reflection
Like everyone else, being exposed to different kind of payments is very common because it is essential for modern day life. A credit card is a big part of my parents because they put it to use all the time. At a young age I already knew how the credit card system worked because it was a simple and easy concept to understand. The system could do harm by people going into debt and that is something nobody wants. The credit card system applies to everybody who lives the city life because there’s no other efficient way to pay.
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