Mastercard

Mastercard Inc.
Company typePublic
ISINUS57636Q1040 Edit this on Wikidata
IndustryFinancial services
Founded1966; 58 years ago (1966)
Headquarters2000 Purchase Street,
Purchase, New York
,
U.S.
Area served
Worldwide
Key people
Brands
Services
RevenueIncrease US$25.10 billion (2023)
Increase US$14.01 billion (2023)
Increase US$11.19 billion (2023)
Total assetsIncrease US$42.45 billion (2023)
Total equityIncrease US$6.93 billion (2023)
Number of employees
33,400 (2023)
Websitemastercard.com
Footnotes / references
[1][2]

Mastercard Inc., stylized as MasterCard from 1979 to 2016 and as mastercard from 2016 to 2019, is an American multinational payment card services corporation headquartered in Purchase, New York, USA.[3] It offers a range of payment transaction processing and other related-payment services (such as travel-related payments and bookings). 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.

Mastercard (originally Interbank, then Master Charge)[4] 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.

  1. ^ "Mastercard Incorporated 2023 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 13, 2024.
  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. Archived from the original on October 24, 2020. Retrieved December 2, 2017.
  4. ^ "MasterCard Corporate Milestones". Archived from the original on May 14, 2013. Retrieved November 13, 2019.{{cite web}}: CS1 maint: unfit URL (link)