October 21, 2016 11:17 PM 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





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 and Member of Operating Committee
Age: 57
Compensation as of Fiscal Year 2016.

MasterCard International Incorporated Key Developments

Robbins Geller Rudman & Dowd LLP Announces Federal Court Approval of Antitrust Conspiracy Lawsuit Against MasterCard, Visa, American Express and Discover

Robbins Geller Rudman & Dowd LLP announced that a California federal judge has ordered that merchants may move ahead with their antitrust, conspiracy, and related claims against MasterCard, Visa, American Express and Discover. On September 30, 2016, United States District Court Judge William H. Alsup denied the credit card networks' motions to dismiss in B & R Supermarket Inc., et al. v. Visa Inc., et al., No. 3:16-cv-01150-WHA, a case pending in the Northern District of California. The order allows the suit to proceed and permits the plaintiffs to pursue discovery, including depositions of credit card network company officials. The lawsuit was filed in March by two Florida retailers, suing on behalf of U.S. merchants, against four large credit card networks and some of the country's biggest banks for conspiring to shift the liability for billions of dollars in fraudulent credit card charges away from those financial giants and onto the merchants. The amended complaint sufficiently alleges a context that raises a plausible and reasonable suggestion of collusion, Judge Alsup wrote in a 22-page opinion. Plaintiffs have sufficiently pled the basic evidentiary facts as to involvement in Visa, MasterCard, and American Express in the alleged conspiracy. The order also concludes that the suit properly alleges Discover's involvement in the scheme. Although the banks were dismissed from the lawsuit for now, Judge Alsup ordered them to preserve and produce documents and left open the possibility of bringing them back into the case if newly discovered evidence showed the banks' complicity.

Mastercard Names Khalid Elgibaly as Division President for Middle East and North Africa, Effective May 8, 2016

MasterCard announced the appointment of Khalid Elgibaly as division President for Middle East and North Africa (MENA), effective May 8, 2016. With a network of offices and local centers across the region, MENA is an extremely important market for the business and Khalid will play instrumental role in driving commercial growth, executing the growing and emerging technology payment opportunities in the region, and also deepening business alliances with MasterCard s key partners and stakeholders. Khalid brings a wealth of experience to this role. Most recently, he worked for HSBC Middle East (HBME), where he was the Regional Head of Retail Banking & Wealth Management for MENA.

International Bancard Partners with MasterCard to Accept Payments in Real Estate Market

International Bancard signed an agreement with MasterCard to expand the acceptance of electronic payments for rent payments and other property-related items. Under the terms of the deal, MasterCard will become the preferred payments network accepted for International Bancard's Property Payments digital platform, PropertyPayments.com. The platform allows tenants to pay their rent and other property-related items using a credit or debit card at no cost. According to International Bancard, property managers will be able to use the payment solution to accept rent payments online by combining the Property Payments platform into a property manager's existing website or by enabling the payment module within third-party property management software. Also, owners can use the platform as a rent payment acceptance solution as well as a comprehensive property management tool to accept payments.

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