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Traded asNYSEMA
S&P 100 Component
S&P 500 Component
IndustryFinancial services
When it was created1966; 53 years ago (1966)
(as Interbank Card Association)
1979; 40 years ago (1979)
(as Mastercard)
HeadquartersPurchase, New York, United States Mastercard International Global Headquarters
Area servedWorldwide
Key peopleAjaypal Singh Banga
(President and CEO)
Richard Haythornthwaite
Things madeCredit cards, payment systems

Mastercard Incorporated (known as Mastercard) is an American multinational financial services corporation in Mastercard International Global Headquarters, Purchase, New York, United States.[1] Its 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, first known as Interbank/Master Charge, [2] was started by several California banks as a competitor to the BankAmericard by Bank of America, later the Visa credit card by Visa Inc. From 1966 to 1979, Mastercard was named "Interbank" and "Master Charge".

References[change | change source]

  1. "MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2016 Financial Results". MasterCard.
  2. "Master card Milestones". Milestones/Mastercard. Mastercard. Retrieved September 20, 2011.