April 27, 2017 5:32 AM ET

Consumer Finance

Company Overview of MasterCard International Incorporated

Company Overview

MasterCard International Incorporated, doing business as MasterCard Worldwide, provides digital payment solutions and technology. The company operates a payment processing network that connects consumers, financial institutions, merchants, governments, and businesses in the United States and internationally. Its payment products and solutions comprise credit and debit cards, consumer and commercial prepaid cards, prepaid card program management services, and commercial card products; digital payments money transfer and remittance solutions; and analysis, data-driven consulting, and loyalty and rewards marketing solutions. The company also offers payment processing services; and information, ...

2000 Purchase Street

Purchase, NY 10577-2509

United States

Founded in 1966

Phone:

914-249-2000

Fax:

914-249-4206

Key Executives for MasterCard International Incorporated

Chief Executive Officer, President and Director
Age: 56
Chief Financial Officer
Age: 56
President of Operations & Technology
Age: 60
Division President of High Growth European Markets Region
President of Global Products & Solutions
Age: 57
Compensation as of Fiscal Year 2016.

MasterCard International Incorporated Key Developments

Mastercard Incorporated and MasterCard International Incorporated Announces Executive Changes

On March 24, 2017, Mastercard Incorporated announced that effective May 5, 2017, Andrea Forster would no longer serve as Corporate Controller and principal accounting officer of the company and Mastercard International Incorporated. She will remain with the Company, taking on a new role to significantly expand the Company's shared service center capabilities. The company also announced that, as of the Effective Date, the company will appoint Sandra Arkell to succeed Ms. Forster as Corporate Controller and principal accounting officer of the Company. Ms. Arkell will start at the company on April 3, 2017. Ms. Arkell, age 49, most recently served as Vice President, Controller at Dover Corporation from August 2015 until March 2017. She joined Dover in 2009 as its Assistant Corporate Controller.

MasterCard and ACI Worldwide Settle Lawsuit

ACI Worldwide has reached an agreement with MasterCard Technologies and MasterCard International in which MasterCard has purchased from ACI and ACI has granted to MasterCard a perpetual license relating to components of NET24-XPNET middleware on the MasterCard debit switch. The parties resolved their differences in a confidential settlement agreement, and the lawsuit has been dismissed with prejudice.

MasterCard Launches New Facial Recognition Biometrics System

MasterCard has launched its mobile app for biometric verification of online payments, MasterCard Identify Check earlier this year. So far the app is available in parts of Europe as well the United States and Canada. MasterCard plans to roll out it to the rest of the world early next year. The way it works is pretty simple; after downloading the app and linking it to a valid MasterCard bank card, a user can authenticate an online payment by simply taking a selfie with their smartphone’s front-facing camera. The process is smooth, simple and a lot faster than typing in a password one barely remembers. In order to safeguard against spoofing, the user is required to pass a “liveliness” test by blinking when prompted. The app also uses fingerprint scanning as a verification method.

Similar Private Companies By Industry

Company Name Region
1031 Corp. United States
1800Pay, Inc. United States
1st Franklin Financial Corporation United States
2011-SIP-2 Venture, LLC United States
2262011 Ontario-Delaware Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 1, 2017
ACI Worldwide, Inc., Perpetual License Related To Components Of NET24-XPNET Middleware
Private Placement
January 26, 2017
First Performance Corp.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact MasterCard International Incorporated, please visit www.mastercard.us. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.