Mastercard
Mastercard Inc. (stylized as MasterCard from 1979 to 2016, mastercard from 2016 to 2019) is the second-largest payment-technology corporation worldwide. It offers a range of payment transaction processing and other related-payment services (such as travel-related payments and bookings). Its headquarters are in Purchase, New York. 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, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
Logo used since 2019 | |
| Company type | Public |
|---|---|
| ISIN | US57636Q1040 |
| Industry | Financial services |
| Founded | 1966 |
| Headquarters | 2000 Purchase Street, Purchase, New York , U.S. |
Area served | Worldwide |
Key people |
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| Brands | |
| Services | |
| Revenue | US$25.10 billion (2023) |
| US$14.01 billion (2023) | |
| US$11.19 billion (2023) | |
| Total assets | US$42.45 billion (2023) |
| Total equity | US$6.93 billion (2023) |
Number of employees | 33,400 (2023) |
| Website | mastercard |
| Footnotes / references | |
Mastercard (originally Interbank then Master Charge) was created by an alliance of several banks and regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became Visa and is still its biggest competitor. Prior to its initial public offering, Mastercard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.