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





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.

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Recent Private Companies Transactions

March 1, 2017
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Private Placement
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