MasterCard's Business Scope, Brand Background, and Official Website

MasterCard is dedicated to providing consumers around the world with a more convenient and efficient financial payment environment. Through its payment franchise, processing center, and consulting services, MasterCard provides leading global commerce connections for financial institutions, governments, businesses, merchants, and cardholders worldwide. Through its MasterCard®, Maestro®, and Cirrus® brands, its core credit, debit, and prepaid cards, and innovative, versatile platforms such as MasterCard PayPass™ and MasterCard inControl™, MasterCard facilitates global commerce, serving consumers, governments, and merchants in more than 210 countries and territories.

In the late 1950s and early 1960s, American financial institutions established an international credit card system that quickly became popular worldwide. In 1966, a group of banks formed the Interbank Card Association (IBCA). In 1969, the IBA acquired the MasterCard patents, standardizing the name and design of credit cards across all issuing banks. Ten years later, MasterCharge was renamed MasterCard.

Mastercard Incorporated is a publicly traded corporation listed on the New York Stock Exchange, comprised of over 25,000 financial institution members. Mastercard International, through its members, issues Mastercard® credit and debit cards, as well as its sub-brand, Maestro® debit cards.

On March 5, 2022, international credit card companies Visa and Mastercard announced the suspension of operations in Russia due to "Russia's unprovoked invasion of Ukraine and the unacceptable developments we have witnessed." Visa stated that it would "disable transactions in the coming days," including the inability to use Russian bank-issued credit cards abroad and the inability to accept foreign bank-issued credit cards at Russian merchants and ATMs. Mastercard stated that any Mastercard cards issued abroad would no longer be accepted in Russia.

Company Name: Mastercard.

Official Domain Name: mastercard.com.

Domain Created: July 27, 1994.

Country: United States.

Headquarters: Porches, USA.

Founded: 1966.