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 Makes a U-turn Seeking to Patent Fractional Reserve Banking for Blockchain Assets
October 27th, 2018

In the new patent, Mastercard proposes a Fractional Reserve used for simultaneous storage of fiat and crypto.

Mastercard Reveals Its Interest in Blockchain Technology at the Latest Patent Filing
September 21st, 2018

In this guest post, Professor Gracie Anderson shares her insights into the nature of blockchain, explaining why such large-scale entities as Mastercard choose to adopt the tech.

Mastercard CEO Explained Why Cryptocurrency Is Junk
July 26th, 2018

Ajay Banga, the leader of the multinational financial services corporation, made a number of critical statements on the cryptocurrency. But the logical reasoning backed with striking examples provokes thoughts on the main concepts of the crypto sphere.

Mastercard Wins U.S. Patent for Reducing Crypto Transactions Times
July 18th, 2018

Mastercard has filed a patent application for a method of connecting blockchain-based assets to fiat currency accounts which will help to speed up crypto payments.

Germany’s solarisBank to Manage Corporate Crypto Accounts in the EU
July 9th, 2018

The solarisBank is working on a hybrid model of the future that implies the coexistence of banking and blockchain firms to play a crucial role in the global economy.

Cryptology Exchange Platform Set to Make Crypto Operations Faster and More User-friendly
July 3rd, 2018

Cryptocurrency exchange platform Cryptology enables both fiat and crypto transactions, making digital currency operations easier and more affordable.

PayPal Launches MasterCard-branded Debit Card for Its Mobile App Venmo
June 26th, 2018

Now Venmo users will have more opportunities to use their Venmo balances, as PayPal will offer them debit cards for payments in the real world.

Three Blockchain Projects That Will Solve Real-World Problems
May 29th, 2018

While digital industry is flooded by zillions of new startups aiming to solve more or less real-world problems with blockchain tech, there are three projects definitely worth checking out.

Graft Blockchain Launches Mainnet Ahead of Schedule
January 23rd, 2018

Graft is a rare ICO project with its own blockchain. The Graft ICO will run between January 18 and February 18, with hard cap of $25 million.

Mastercard Opens Access to Its Blockchain API for Partner Banks and Merchants
October 23rd, 2017

The credit card giant has opened access to its Blockchain APIs to consumers, businesses and banks via Mastercard Developers program.