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October 05, 2015 12:30 AM ET

Consumer Finance

Company Overview of MasterCard International Inc.

Company Overview

MasterCard International Inc., doing business as MasterCard Worldwide, provides payment processing products and solutions, and related consulting services for consumers and businesses in the United States and internationally. It offers credit, debit, prepaid, personal, commercial, chip, and contactless cards; and loyalty and reward solutions, and cardholder benefits and services. The company also provides payment processing solutions; and payment security and fraud management solution to monitor, detect, and fight fraud through the transaction lifecycle. In addition, it offers payments-focused consulting, information, and outsourcing services to financial institutions and merchants. Further,...

2000 Purchase Street

Purchase, NY 10577-2509

United States

Founded in 1966





Key Executives for MasterCard International Inc.

Chief Executive Officer, President and Director
Age: 55
President of Global Technology & Operations
Age: 59
Chief Executive Officer of Mobile Payments Gateway
President of North America and Member of Policy Committee
Age: 56
Division President of High Growth European Markets Region
Compensation as of Fiscal Year 2015.

MasterCard International Inc. Key Developments

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, 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.

SmartMetric, Inc Wins $3 Million Fee Dispute with Visa Inc. and MasterCard International

SmartMetric Inc. advised that it has won a legal fee dispute with Visa Inc. and MasterCard International. The two respective payments card companies had sought what would have approximated to $3 million in fees and costs against SmartMetric arising from the SmartMetric patent infringement claim against Visa Inc. and MasterCard International. Defendants MasterCard International Inc. and Visa Inc. filed a Motion for Attorney Fees on October 30, 2013. (Docket No. 185). On December 18, 2013, the Court granted Defendants' ex parte application to continue the hearing on that motion until after the Supreme Court's decision in Octane Fitness. (Docket No. 210). On January 28, 2014, the Court entered the parties' stipulated order postponing the hearing on that motion until after the Federal Circuit resolved the appeal in this action. (Docket No. 212). After reviewing the docket, its own prior orders, and the declarations made on both sides of this litigation, the Court does not believe that the litigation was undertaken in bad faith or that this case stands out under the Octane standard. Importantly, the Court did not find that SmartMetric's infringement case lacked any legal or factual basis, and moreover, Defendants never brought a motion asserting these deficiencies at that stage of the litigation. Additionally, the Court did not find that SmartMetric's claim construction arguments were frivolous or without merit. Indeed, the Court's Claim Construction Order actually adopted much of SmartMetric's proposed language.

MasterCard Announces Appointment of R.B. Santosh Kumar to the Role of Country Manager, Sri Lanka and Maldives; to Launch Colombo Office in 2015

MasterCard announced the appointment of R.B. Santosh Kumar to the role of Country Manager, Sri Lanka and Maldives. With nearly two decades of experience in the electronic payments industry, Santosh has been a key contributor to MasterCard South Asia over the past few years. Prior to this, he was Vice President and Account Head, overseeing MasterCard's operations in Sri Lanka and Maldives. Before joining MasterCard, he was with Citibank and Standard Chartered Bank where he managed diverse roles in merchant and customer acquisition, authorizations and fraud and risk. MasterCard also announced plans to launch a local representative office in Colombo early 2015.

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