This week's Friday Boss is Marion King, president of MasterCard UK and Ireland.
Ms King explained to Today business presenter Simon Jack that "MasterCard is a technology company."
"We are investing a huge amount in innovation," she added.
She highlighted the common misunderstanding that MasterCard is a lender of money: "We do not issue cards and we do not issue money."
She went on to outline where the market for electronic payment will be heading in the near future.
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