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Critical Adoption Factors - Essay Example

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Obviously, there must be specific needs to fulfill, in the case of a major not for profit financial powerhouse such as MasterCard® the need for…
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Critical Adoption Factors for Collaboration Technologies First number here Month day, year Critical Adoption Factors for Collaboration Technologies
Introducing collaboration technologies relating to MasterCard® creates certain adoption factors within said organization. Obviously, there must be specific needs to fulfill, in the case of a major not for profit financial powerhouse such as MasterCard® the need for teleconferencing, distributed yet secure work-bases and and even secure virtual teams would be necessary. Security of the financial and personal data is inherently more important with an organization of this size and with its ability to affect so large a swath of the financial community. Security is highly critical factor simply because without it the consumers that utilize MasterCard® daily would simply switch from using them to utilizing a competitor with better assumed and visible security.
The socio-economic factors at play affect hundreds of billions of processing and consumer based dollars every day. Without the ability to project absolute security to its clients it would quickly loose the trust necessary to continue its ability to control such a large financial position. Part of the MasterCard® approach to maintaining a visible air of impenetrable security is their initiation of series of seminars and training modules specifically addressing security. According to MasterCard Academy of Risk Management or (ARM), “ARM courses provide best-in-class knowledge and expertise to customers to enhance their risk management capabilities. MasterCard has created a comprehensive curriculum for those seeking to increase their skills and knowledge of fraud and risk mitigation.” (MasterCard Academy of Risk Management, 2011) Obviously, MasterCard takes security extremely seriously, as a result any new collaboration technologies integrated would need the utmost care and additional reassurance to the consumer base regardless of status as end user banks or transaction making customers.

References
Mastercard Academy of Risk Management. (2011). Mastercard Academy of Risk Management payment system integrity. Retrieved from https://www.eiseverywhere.come/ehome/index.php?eventid=8231& Read More
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