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Mastercard | Page 38
Mastercard is a multinational financial services corporation that provides electronic payment solutions to consumers, businesses, and governments around the world. Founded in 1966 as Interbank Card Association, it was later renamed Mastercard in 1979.
Mastercard operates a global network that connects banks and merchants, allowing them to process electronic payments securely and efficiently. The company provides a range of payment products, including credit cards, debit cards, prepaid cards, and commercial payment solutions. It also offers a variety of value-added services, such as fraud prevention, loyalty and rewards programs, and data analytics. Mastercard is headquartered in Purchase, New York, and has operations in more than 200 countries and territories worldwide.
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