Entity: MASTERCARD
Mastercard is a global financial services corporation that provides credit and debit card payment solutions. Founded in 1966 in New York, it has evolved its brand over the years and plays a significant role in the digital economy.
MASTERCARD
Etymology
The company was founded in 1966 in New York by a consortium of U.S. banks as the Interbank Card Association (ICA).
Definition
Mastercard is a global financial services corporation that specializes in credit and debit card payment solutions.
Historical Context
Mastercard was established to compete with BankAmericard (later Visa) and has since evolved its brand, introducing 'Master Charge' in 1969.
Cultural Significance
Mastercard plays a crucial role in the digital economy, connecting people, businesses, and governments worldwide through safe and accessible transactions.
Related Concepts
Mastercard's portfolio includes brands like Maestro, Cirrus, and MasterCard PayPass, partnering with financial institutions and merchants to offer a network of payment solutions.
See Also
A leading global financial services corporation specializing in credit and debit card payment solutions.