MasterCard Company Description
Surpassing Visa in market share -- now that would be priceless. Serving more than 24,000 member financial institutions worldwide, MasterCard is the #2 payment system in the US. The company does not issue credit or its namesake cards; rather, it markets the MasterCard (credit and debit cards) and Maestro (debit cards) brands, provides the transaction authorization network, establishes guidelines for use, and collects fees from members. The company provides services in more than 210 countries and territories; its cards are accepted at more than 25 million locations around the globe. MasterCard also operates the Cirrus ATM network.
View the Comprehensive Company Description for MasterCard
The Company Description provides a historical perspective of MasterCard's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of MasterCard's evolution in the marketplace.
