Mastercard

Brand Details

Type: Brand

Description: Mastercard is a global financial services corporation that operates a payment network facilitating electronic funds transfers (EFTs) using its branded debit, credit, and prepaid cards. It acts as an intermediary between financial institutions and businesses, authorizing, clearing, and settling transactions. Mastercard's network handles various payment types, including business-to-business (B2B) and person-to-person (P2P) payments, across borders and currencies. The company generates revenue primarily through fees charged to financial institutions for using its branded cards and network, as well as fees for other services like data processing and cross-border transactions. Mastercard itself does not issue cards; rather, it partners with member banks that issue Mastercard-branded cards. While it's the second-largest payment network globally (after Visa), its influence is extensive within the global financial system. Mastercard also offers a range of other services beyond transaction processing, including data analytics and security solutions.

Website: https://mastercard.com