MasterCard Incorporated operates as a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses worldwide. The company facilitates the processing of payment transactions, including authorization, clearing and settlement, and deliver related products and services. The company makes payments easier by creating a range of payment solutions and services using the company’s family of brands, including MasterCard, Maestro, and Cirrus. The company also provides value-added offerings, such as loyalty and reward programs, information services and consulting. The company operates the MasterCard Network, its proprietary global payments network that links issuers and acquirers worldwide to facilitate the processing of transactions, permitting MasterCard cardholders to use their cards and other payment devices at various merchants worldwide. The company’s network facilitates a means for merchants to receive payments, as well as secure payment method for consumers and businesses that is accepted worldwide. The company processes transactions through its network for its issuer customers in approximately 150 currencies in approximately 210 countries and territories. The company partners with large digital companies and other technology companies, mobile providers, and telecommunication companies to support their digital payment solutions with its technology, expertise, and security protocols. Programs and Solutions The company provides various products and solutions that support payment products that customers could offer to their cardholders. These services facilitate transactions on the MasterCard Network among cardholders, merchants, financial institutions and governments in markets worldwide. Consumer Credit and Charge: The company offers various programs that enable issuers to provide consumers with cards that allow them to defer payment. These programs are designed to meet the needs of the company’s customers worldwide and address standard, premium and affluent consumer segments. Debit: The company supports a range of payment products and solutions that allow its customers to provide consumers with access to funds in deposit and other accounts. The company’s debit and deposit access programs could be used to make purchases and to obtain cash in bank branches, at automated teller machines, and in some cases, at the point of sale. The company’s branded debit programs consist of MasterCard (including standard, premium and affluent offerings), Maestro (the PIN-based solution that operates worldwide) and Cirrus (the company’s primary global cash access solution). Prepaid: Prepaid programs involve a balance that is funded prior to use and could be accessed through a card or other payment device. The company offers prepaid payment programs using any of its brands, which the company supports with processing products and services. Segments on which the company focuses include government programs, such as Social Security payments, unemployment benefits and others; commercial programs, such as payroll, health savings accounts, employee benefits and others; and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The company also provides prepaid program management services, primarily outside of the United States, which manage and enable switching and issuer processing for consumer and commercial prepaid travel cards for business partners, such as financial institutions, retailers, telecommunications companies, travel agents, foreign exchange bureaus, colleges and universities, airlines and governments. Commercial: The company offers commercial payment products and solutions that help large corporations, mid-sized companies, small businesses and government entities streamline their procurement and payment processes, and manage information and expenses (such as travel and entertainment). The company’s offerings and platforms include premium, travel, purchasing and fleet cards and programs; its SmartData tool that provides information reporting and expense management
mastercard inc-class a
(MA:New York Consolidated)
2000 Purchase Street
Purchase, NY 10577
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