• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

1

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

2

Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal

3

'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
TechCES

MasterCard Pushes Into the Refrigerator

By
Leena Rao
Leena Rao
Down Arrow Button Icon
By
Leena Rao
Leena Rao
Down Arrow Button Icon
January 5, 2016, 5:05 PM ET
<h1>Mondelez</h1>
<strong>Fortune 500 rank: <strong><a href="http://money.cnn.com/magazines/fortune/fortune500/2013/snapshots/293.html" title=""></strong>88</a></strong>

In October, Kraft Foods spun off its $36 billion global snack foods division into Mondelez (roughly "delicious world" in Spanish.) The new internationally-focused company is home to powerhouse brands such as Oreos, Ritz, and Trident. The remaining company was renamed Kraft Foods Group and sells grocery brands such as Oscar Meyer, Nabisco, and Planters in North America. Both companies stumbled in their first quarters, with revenue declining 2% for snacks and 11% for groceries. Warren Buffett wasn't thrilled with the split and unloaded shares in both Kraft and Mondelez, but both stocks have seen double-digit increases since the parting.
<h1>Mondelez</h1> <strong>Fortune 500 rank: <strong><a href="http://money.cnn.com/magazines/fortune/fortune500/2013/snapshots/293.html" title=""></strong>88</a></strong> In October, Kraft Foods spun off its $36 billion global snack foods division into Mondelez (roughly "delicious world" in Spanish.) The new internationally-focused company is home to powerhouse brands such as Oreos, Ritz, and Trident. The remaining company was renamed Kraft Foods Group and sells grocery brands such as Oscar Meyer, Nabisco, and Planters in North America. Both companies stumbled in their first quarters, with revenue declining 2% for snacks and 11% for groceries. Warren Buffett wasn't thrilled with the split and unloaded shares in both Kraft and Mondelez, but both stocks have seen double-digit increases since the parting.Photo: Daniel Acker/Bloomberg/Getty
Add Fortune on Google for similar content.

Internet connected coffee makers, toasters, and ovens are a big focus for appliance and electronics makers. The sales pitch: sci-fi kitchens make home owners’ lives easier by letting them manage everything from their mobile phones.

In yet another example of the trend, MasterCard said on Tuesday that it had teamed up with Samsung to let people buy groceries directly from their fridge. Samsung’s new Family Hub refrigerator comes with an Internet enabled screen that people can use to order their groceries through a MasterCard app.

Users can add an item to a cart, much like when ordering groceries online, and then approve the final list by entering a four-digit pin. Users must upload a credit or debit card to their account only once.

Groceries are delivered by FreshDirect and the supermarket chain ShopRite at a selected time.

MasterCard’s refrigerator grocery app is intended to make commerce more seamless for users and save them from having to run to the store. The company is trying to keep up in an increasingly online-dependent era, when carrying plastic in your wallet isn’t as important.

MasterCard has been trying to integrate its payment technology into a number of wearable devices and Internet connected products. For example, the company partnered with General Motors to add the ability to pay for items in a store within a car key fob.

With the refrigerator app, the financial services giant is also taking a page out of the Amazon personalization book. It plans to automatically suggest items for users to buy based on their shopping histories and grocery lists. Eventually the app will include recipes and video tutorials, and will expand to other grocers in different regions, the company said. MasterCard also said that the service would include the ability to order delivery from local restaurants.

For now, the service is only available in New York and the Northeast.

MasterCard has also developed a companion mobile app that lets multiple members of a family to add to a single cart. At home, consumers can also use the mobile app to scan barcodes on products to add them to the virtual shopping cart.

WATCH: For more on Samsung’s leader, watch this Fortune video:

What’s missing from MasterCard’s push into the refrigerator is technology that sense when a family is low on milk, for example, and then orders it from the store. Amazon is trying to do this with its Dash Replenishment service, which debuted in the Fall of 2015. For example, General Electric’s new clothes washer will detect when laundry detergent supply runs low, and order more (via Amazon of course). Other partners include Samsung, Oster, Brother, Whirlpool, and Brita.

Additionally, Samsung’s Internet-connected laser printers monitor toner usage over time so that it can automatically order replacements. Eventually, we should expect that our refrigerators will be as intelligent as our printers.

 

About the Author
By Leena Rao
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Tech

Big Tech earnings slam into a market in revolt over AI spending
Big Techearnings
Big Tech earnings slam into a market in revolt over AI spending
By Jeran Wittenstein, Ryan Vlastelica and BloombergJuly 26, 2026
2 hours ago
James Cameron tried to warn us: ‘Skynet Day’ is now shorthand for OpenAI’s agent going rogue and hacking into a startup
AIOpenAI
James Cameron tried to warn us: ‘Skynet Day’ is now shorthand for OpenAI’s agent going rogue and hacking into a startup
By Laurie Kellman, Lindsey Bahr and The Associated PressJuly 26, 2026
2 hours ago
Jeff Bezos says being lazy, not working hard, is the root of anxiety: ‘The stress goes away the second I take that first step’
SuccessJeff Bezos
Jeff Bezos says being lazy, not working hard, is the root of anxiety: ‘The stress goes away the second I take that first step’
By Sydney LakeJuly 26, 2026
7 hours ago
A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
SuccessHow I made my first million
A Gen Xer sold his company for $1.6 billion. He kept less than $100 million and gave the rest away because he doesn’t ‘believe in billionaires’
By Orianna Rosa RoyleJuly 26, 2026
7 hours ago
The Trump administration has accrued roughly $26.7 billion across 30 equity or quasi-equity deals
EconomyDonald Trump
The U.S. government invested $27 billion in corporate stakes. Good luck finding them
By Eva RoytburgJuly 26, 2026
8 hours ago
raikes
CommentaryMicrosoft
Jeff Raikes: The talent debt I warned about is now showing up in the data
By Jeff RaikesJuly 26, 2026
9 hours ago

Most Popular

The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
Real Estate
The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
By Nick LichtenbergJuly 25, 2026
1 day ago
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
Middle East
Trump pulls back after Iran crosses his red line as U.S. military breaks two-week streak of airstrikes amid talks for potential Hormuz deal
By Jason MaJuly 25, 2026
1 day ago
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
Economy
'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down
By Eleanor PringleJuly 24, 2026
3 days ago
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
Success
An 11-year-old is cleaning his neighbors' trash cans for $10 each—he now has 100K followers as teens face the worst summer job market since 1948
By Orianna Rosa RoyleJuly 25, 2026
1 day ago
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
Economy
College-educated women are snapping up the highest-earning men without college degrees, leaving the rest further behind
By Mia OsmonbekovJuly 26, 2026
10 hours ago
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
Environment
Startups are installing tiny data centers in people’s homes to reduce strain on the beleaguered electrical grid
By Sasha RogelbergJuly 25, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.