Mastercard

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Mastercard Inc.
Public company
Traded as
IndustryFinancial services
Founded1966; 56 years ago (1966)
(as Interbank Card Association)
1979; 43 years ago (1979)
(as MasterCard)
HeadquartersMastercard International Global Headquarters, ,
U.S.
Area served
Worldwide (except India and Russia)
Key people
Ajay Banga
(Executive Chairman)
Michael Miebach
(President and CEO)
ProductsCredit cards
Payment systems
Brands
RevenueIncrease US$18.88 billion (2021)
Increase US$10.08 billion (2021)
Increase US$8.69 billion (2021)
Total assetsIncrease US$37.67 billion (2021)
Total equityIncrease US$7.38 billion (2021)
Number of employees
24,000 (2021)
Websitemastercard.com
Footnotes / references
[1][2]

Mastercard Incorporated (known as Mastercard) is an American multinational financial services corporation in Mastercard International Global Headquarters, Purchase, New York, United States.[3] 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,[4] 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 2021 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 11, 2022.
  2. "Mastercard Drops Its Name From Company Logo". Fortune. Retrieved January 10, 2019.
  3. "MasterCard Incorporated Reports Fourth-Quarter and Full-Year 2016 Financial Results". MasterCard.
  4. "Master card Milestones". Milestones/Mastercard. Mastercard. Retrieved September 20, 2011.