Mastercard Incorporated,
along with its subsidiaries, operates as a
payment solutions company. The company develops and
markets payment solutions, processes payment transactions, and provides consulting services to customers and merchants. It provides transaction processing and other payment-related services, as well as facilitates the authorization, clearing, and
settlement process of the transactions. The company also provides various programs, such as consumer credit and debit programs,
commercial payment solutions, stored value programs, and prepaid programs, as well as offers commercial payment solutions, contactless payment solutions, and consulting and research services. It manages and licenses payment card brands, including
MasterCard, MasterCard Electronic,
Maestro, and
Cirrus. As of December 31, 2006, MasterCard Incorporated served approximately 25,000 financial institutions worldwide. The company was founded in 1966 and is headquartered in Purchase,
New York.
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