Mastercardreason 03 of 4it is wired into how the customer already worksderived 2026-09-11accession 0001141391-26-000083
Mastercard's rules guarantee the settlement of many of the payment network transactions between its customers
Historically, the Company has experienced a low level of losses from customer settlement failures
Mastercard requires certain customers that do not meet the Company's risk standards to enter into risk mitigation arrangements, including cash collateral and/or forms of credit enhancement such as letters of credit and guarantees
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It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
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the claims it rests on
Mastercard's rules guarantee the settlement of many of the payment network transactions between its customers
Historically, the Company has experienced a low level of losses from customer settlement failures
Mastercard requires certain customers that do not meet the Company's risk standards to enter into risk mitigation arrangements, including cash collateral and/or forms of credit enhancement such as letters of credit and guarantees