Ajaypal S. Banga
President, CEO & Director
Martina T. S. Hund-Mejean
Chief Financial Officer
Edward Grunde McLaughlin
President of Operations & Technology
Mastercard was founded in the year 1966. The company has been active for almost 33 years now. In the year 1958, BankAmericard debuted, and it was a disaster. It was not until the year 1961 that Bank of America started to make profits. Bank of America kept his profits as a secret thing and moved on, until in the year 1966, when Bank of America's benefits was too big to not to be seen. Before the year 1966, only eight credit cards were released by banks, but after the year 1966, almost 440 more credit cards were launched. In the year 1966, the ICA or the Interbank Card Association was established. In the year 1969, Interbank developed a new national brand, known as 'Master Charge', and it had orange and yellow overlapping circles as its logo.
That same year, First National City Bank also joined Interbank and merged its proprietary Everything Card with Master Charge as well. Then in the year 1968, the ICA and Eurocard started a strategic alliance, which effectively allowed the ICA to get access to the European market, and for Eurocard to be accepted on the ICA network as well. The Access card system from the United Kingdom as well had joined the ICA and Eurocard alliance in the year 1972. In the year 1979, 'Master Charge: The Interbank Card' was renamed to just 'MasterCard'. In 1997, Mastercard had taken over the Access card, and therefore the Access brand was then retired as well. As of the year 2002, the company had merged with Europay International, which was another sizeable credit-card issuer association as well, of which Eurocard had become a part back in the year 1992. During the year 2006, MasterCard International changed its name to MasterCard Worldwide. This was mainly done in order to suggest a more global scale of operations. In the year 2010, the company had acquired Data Cash. This was followed by the company's expansion of mobile contact-less payment programs, in various markets, including the Middle East. Then in the year 2014, the company had taken over an Australian company known as Pinpoint. The same year, the company had collaborated with Apple in order to incorporate a new wallet feature into the iPhone, for users readily use Mastercard and other credit cards. In the year 2016, the company had introduced its new rebranding, along with a new corporate logo as well. Its service name from 'MasterCard' to 'mastercard'. As of the year 2017, Mastercard had acquired Brighterion - which was a Delaware Corporation headquartered in San Francisco, California, USA, and it provides a portfolio of artificial intelligence and machine learning technologies. The headquarters of the company is based in 2000 Purchase Street. The name of the place is Purchase, while the name of the state is New York, USA. The pin code of the area is 10577.
Mastercard is an American company that focuses on various payment processing products as well as solutions, along with related consulting services as well. The current CEO and president of the company are Ajaypal Singh Banga. As of the year 2017, the total revenue generated by the company is more than $12.4 billion. Also, the number of employees working at the company is more than 13,400, as of the year 2017. The company had filed its IPO or Initial Public Offering in the year 2006. The company is ranked 284 places in the Fortune 500 companies list.
The primary services provided by the company include allowing customers to make transactions, either online or offline along with debit cards and credit cards and contactless payment options so that the company will be able to process the transactions between the merchant banks and the issuing banks efficiently. The company also provides consulting and outsourcing services as well.
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