I applied online. The process took 8 weeks. I interviewed at Mastercard (Purchase, NY) in Apr 2012
Interview
As I was traveling for a couple of conferences, HR was extremely accommodating about scheduling a phone interview - they waited till I return to stateside. The interview was a wonderful easy process, though some questions about current academic work can be challenging.
After which, Management will interview via phone, and again, it was no fuss and easy to work with. I was impressed by how efficient and professional everyone was, and I was certainly excited to work with the people I have spoken with over the entire process.