|
MasterCard International Incorporated, founded in 1969 as Interbank Card Association (ICA), is a payment services firm that is known for its MasterCard credit and debit card, Maestro (R) online debit card, and Cirrus (R) ATM cash access products. The company was purchased by the California Bank Association in 1969. It was renamed MasterCard in 1979. The company is a membership corporation and has 22,500 members. MasterCard International is the principal operating subsidiary of MasterCard Incorporated, a private, SEC-registered share business. The company's cards are accepted at millions of locations worldwide. Its ATMs are available at 906,000 locations. MasterCard International employs 4,000 people in 37 offices worldwide. The firm operates the Banknet global telecommunications network, which links MasterCard members and data processing centers. The firm also maintains a virtual private network (VPN). MasterCard International has won recognition from 'M-Business,' 'InfoWorld,' Line56, and the Hispanic College Fund.
|