Mastercard

Company
About Mastercard

MasterCard Incorporated is an American multinational financial services corporation headquartered in the MasterCard International Global Headquarters, Purchase, New York, United States, in Westchester County. Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the “MasterCard” brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006.

MasterCard, originally known as Interbank/Master Charge, was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc. In 2010, MasterCard expanded its e-commerce offering with the acquisition of DataCash, a UK-based payment processing and fraud/risk management provider.

In 2012, MasterCard announced the expansion of its mobile contactless payments program, including markets across the Middle East. In 2014 MasterCard teamed with Apple, to incorporate a new mobile wallet feature into Apple’s new iPhone models, enabling users to more readily use their MasterCard, and other credit cards.

Mastercard Details
Operating Status: Active
Business Type: Private
Founded: 1966
Headquarters: New York City, New York, United States
CEO: Ajaypal Singh Banga
Mastercard News
Right After MasterCard, Bank of America Joins Marco Polo Network
September 20th, 2019

One of the largest banking establishments in North America, Bank of America, has joined the international trade finance blockchain consortium, Marco Polo, with the aim of creating an efficient global trading network.

Beyond Investing Offers to Invest in a Vegan-Focused ETF
September 18th, 2019

A vegan ETF, launched on NYSE last week, already has sizeable holdings and excludes any companies that aren’t animal and environment-friendly.

Visa, Mastercard Made Strategic Investments into Fintech Industry Darling Plaid
September 17th, 2019

Plaid revealed that Mastercard and Visa have strategic investments made during a series C funding last December. While this raises prospects for greater innovation in the financial ecosystem, do we want another tech giant with access to too much data?

There Are Many Requests from Interested Members, said Libra Association Director
September 13th, 2019

The Libra Association director granted an interview with a French news firm where he gave a bit more insight into the progress made so far including that the Libra will launch by the second half of 2020 with many members as well.

Mastercard and R3 Join Forces to Build Blockchain Cross-Border Payments Solution
September 11th, 2019

Mastercard and R3 are entering a new partnership which will allow Mastercard to be able to process payments faster. This comes after Mastercard joined the Marco-Polo trading settlements consortium.

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