Mastercard
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Mastercard Inc. (stylized as MasterCard from 1979 to 2016, mastercard from 2016 to 2019) is an American multinational payment card services corporation headquartered in Purchase, New York.[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 Inc.
Logo used since 2019, with the current symbol since 2016 without the “Mastercard” wordmark.
Company type
Public
Traded as
NYSE: MA (Class A)
S&P 100 component
S&P 500 component
ISIN
US57636Q1040
Industry
Financial services
Founded
1966; 58 years ago
Headquarters
2000 Purchase Street, Purchase, New York, U.S.
Area served
Worldwide
Key people
Merit Janow (Chair)
Michael Miebach (CEO)
Sachin Mehra (CFO)
Brands
CirrusMaestroMondexMasterPass
Services
Credit cards
Debit cards
Payment systems
Revenue
Increase US$25.10 billion (2023)
Operating income
Increase US$14.01 billion (2023)
Net income
Increase US$11.19 billion (2023)
Total assets
Increase US$42.45 billion (2023)
Total equity
Increase US$6.93 billion (2023)
Number of employees
33,400 (2023)
Website
mastercard.com
Footnotes / references
[1][2]
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.
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