MasterCard Worldwide
Type	Public (NYSE: MA)
Founded	1966
Headquarters	Purchase, New York, United States
Key people	Robert W. Selander, President & CEO
Industry	Financial Services
Products	Payment systems
Revenue	US$3. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Purchase New York is a hamlet of the town of Harrison, in Westchester County. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous The United States of America —commonly referred to as the Robert W Selander is the President and Chief Executive Officer of MasterCard. President is a Title leaders of Organizations companies, Trade unions universities, and countries. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Financial services refer to services provided by the finance industry. In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need A payment system is a system (including physical or electronic infrastructure and associated procedures and protocols used to settle Financial transactions in Bond markets In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been 3 billion FY2006
Net income	US$457 million FY2006
Employees	4,300
Website	www.mastercard.com

MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, New York, USA. A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly" Financial statements in Businesses Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ("yearly" Financial statements in Businesses Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Purchase New York is a hamlet of the town of Harrison, in Westchester County. New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous The United States of America —commonly referred to as the Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "MasterCard" brand debit and credit cards to make purchases. A debit card (also known as a bank card) is a plastic card which provides an alternative payment method to Cash when making purchases A credit card is part of a system of Payments named after the small Plastic card issued to users of the system MasterCard Worldwide has been a publicly traded company since 2006. Prior to its initial public offering, MasterCard Worldwide was a membership organization owned by the 25,000+ financial institutions that issue its card. In Financial economics, a financial institution acts as an agent that provides Financial services for its clients or members

It was originally created by United California Bank (later First Interstate Bank, subsequently merged into Wells Fargo Bank), Wells Fargo, Crocker National Bank (also subsequently merged into Wells Fargo), and the Bank of California (subsequently merged into the Union Bank of California) as a competitor to the BankAmericard issued by Bank of America. First Interstate BancSystem Inc, a financial holding company and its primary banking subsidiary First Interstate Bank are based in Billings Montana, Wells Fargo & Co ( is a diversified Financial services company headquartered in San Francisco California, United States with operations around the Crocker National Bank was a United States Bank headquartered in San Francisco California The Bank of California was founded in San Francisco California on July 5, 1864 by William Chapman Ralston. Banc of America Securities Bank of America () is the largest bank by asset and second largest commercial Bank by deposits and Market capitalization in United BankAmericard is now the VISA credit card, issued by Visa International.

Contents 1 History 2 Features 3 Shareholders 4 IPO 5 Litigation 6 Advertising 7 Sports sponsorships 8 Management and Board of Directors 9 MasterMoney 10 PayPass 11 Banknet 12 EPS-Net 13 See also 14 References 15 External links

History

In 1966 a number of banks formed the Interbank Card Association. The name Master Charge was licensed by the above mentioned California banks from the First National Bank of Louisville, Kentucky in 1967. With the help of New York's Marine Midland Bank, now HSBC Bank USA, these banks joined with the Interbank Card Association (ICA) to create "Master Charge: The Interbank Card". New York ( is a state in the Mid-Atlantic and Northeastern regions of the United States and is the nation's third most populous Marine Midland Bank was a Bank formerly headquartered in Buffalo with several hundred branches throughout the state of New York. HSBC Bank USA NA, the United States subsidiary of the HSBC Holdings plc, is a bank with its head office in New York City.

In 1979, "Master Charge: The Interbank Card" was renamed simply "MasterCard". Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) In the early 1990s MasterCard bought the British Access card and the Access name was dropped. The 1990s collectively refers to the years between and including 1990 and 1999 In 2002, MasterCard International merged with Europay International SA, another large credit-card issuer association, which for many years issued cards under the name Eurocard. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. Europay International was the name of the entity created by the merger of Eurocard International, and Eurocheque International.

In 2006, MasterCard International underwent another name change to MasterCard Worldwide. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. This was done in order to suggest a more global scale of operations. In addition, the company introduced a new corporate logo adding a third circle to the two that had been used in the past (the familiar card logo, resembling a Venn diagram, remains unchanged). Venn diagrams or set diagrams are Diagrams that show all hypothetically possible Logical relations between a finite collection of sets (groups A new corporate tagline was introduced at the same time: "The Heart of Commerce". ^[1]

Features

Many issuing institutions include various features with credit card accounts, such as extended warranties on items bought with the card, damage waiver on cars rented with the card, and accident insurance during travel bought with the card. A credit card is part of a system of Payments named after the small Plastic card issued to users of the system Damage Waiver, or as it is normally referred to collision damage waiver (CDW is an optional Collision Coverage available while renting a vehicle

Shareholders

Based on an SEC filing in early 2005, MasterCard's largest current shareholders are:

1. 11. The US Securities and Exchange Commission (commonly known as the SEC) is an independent agency of the United States government which holds primary responsibility Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. A mutual shareholder or stockholder is an Individual or company (including a Corporation) that legally owns one or more shares of 8% - JPMorgan Chase
2. 6. JPMorgan Chase & Co ( is the largest Banking institution in the United States by deposits and market capitalization and is one of the oldest operating 2% - Citigroup
3. 6. 0% - Bank of America
4. 5. Banc of America Securities Bank of America () is the largest bank by asset and second largest commercial Bank by deposits and Market capitalization in United 2% - Euro Kartensysteme
5. 5. 0% - Europay France

IPO

The company, which had been organized as a cooperative of banks, had an initial public offering on May 25, 2006 at $39. Generally a company is a form of Business organization. The precise definition varies Initial public offering (IPO, also referred to simply as a "public offering" is when a company issues Common stock or shares to the public for the first Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 00 USD. The stock is traded on the NYSE under the symbol MA. The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City.

Litigation

Both MasterCard and Visa have paid approximately $3 billion in damages resulting from a class-action lawsuit filed by Hagens Berman in January 1996. In Law, a class action or a representative action is a form of Lawsuit where a large group of people collectively bring a claim to court This article is about the lawyer For the writer see Steve Berman; for the Mayor of Gilbert Arizona see Steven M ^[2] The litigation cites several retail giants as plaintiffs, including Wal-Mart, Sears Roebuck & Company, and Safeway. In law a lawsuit is a civil action brought before a Court in which the party commencing the action the Plaintiff, seeks a legal or equitable remedy A plaintiff ( Π in Legal shorthand) also known as a claimant or complainant, is the party who initiates a Lawsuit Wal-Mart Stores Inc (or Walmart as written in its new logo is an American public corporation that runs a chain of large discount department stores Sears Holdings Corporation ( is the sixth largest retailer in the United States, behind Wal-Mart, The Home Depot, Costco, Target Safeway Inc ( a Fortune 500 company is North America's third largest Supermarket chain with as of December 29 2007 1743 stores located throughout the ^[3]

Advertising

MasterCard's current advertising campaign is "There are some things money can't buy. For everything else, there's MasterCard. "

The first of these Priceless ads was run during the World Series in 1997 and there are numerous different TV, radio and print ads. ^[4] It was created by McCann-Erickson. McCann Erickson is a global Advertising agency network with offices in over 130 countries and almost eight decades of multinational experience. MasterCard actually registered Priceless as a trademark. ^[5] Actor Billy Crudup has been the voice in the US market; in the UK, actor Jack Davenport is the voice. William Gaither “Billy” Crudup (ˈkruːdəp born July 8, 1968) is an American Tony Award -winning Actor of Film and Jack Davenport (born March 1[[ 973]] is a British film and television Actor who became known in the mid 1990s for his role in the TV series This

This campaign attempts to position MasterCard as the friendly credit card company with a sense of humor. They are designed to respond to the public's worry that everything is being commodified, and that people are becoming too materialistic. ^[6] Many parodies have been made using this same pattern, especially on Comedy Central, though MasterCard has threatened legal action,^[7] contending that MasterCard views such parodies as a violation of its rights under the federal and state trademark and unfair competition laws, under the federal and state anti-dilution laws, and under the Copyright Act. Despite these claims, however, noted US consumer advocate and presidential candidate Ralph Nader emerged victorious (after a four-year battle) in the suit MasterCard brought against him after he produced his own "Priceless" political commercials. Ralph Nader (born February 27 1934 is an American Attorney, Author, Lecturer, political activist, and independent candidate for President ^[8]

During Super Bowl XXXIX on February 6, 2005, a MasterCard commercial was introduced featuring 10 legendary advertising characters from various foods and household products. Super Bowl XXXIX was an American football game played on February 6, 2005, at ALLTEL Stadium in Jacksonville Florida, to decide Events 46 BC - Julius Caesar defeats the combined army of Pompeian followers and Numidians under Metellus Scipio Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. The characters included Chef Boyardee, Charlie the Tuna, the Pillsbury Doughboy, Count Chocula, the Vlasic pickle stork, the Morton Salt girl, the Jolly Green Giant, Mr. Peanut from Planters, the Gorton's fisherman, and Mr. Clean. Ettore Boiardi (October 22 1897 – June 21 1985 better known as " Chef Boyardee " was an Italian -born chef who became famous for his Eponymous Charlie the Tuna, the Cartoon Mascot Tuna for StarKist Tuna was created by Tom Rogers of the Leo Burnett Agency after StarKist hired Leo Burnett in 1961 Pop 'N' Fresh, "The Pillsbury Doughboy" is an advertising Icon and Mascot of The Pillsbury Company, appearing in many Count Chocula is a Breakfast cereal produced by General Mills for the North American market that contains Chocolate -flavored corn cereal bits and Marshmallows Vlasic Pickles grew out of a Detroit Creamery and fresh pickle business begun by Croatian Immigrant Franko Vlasic and then his son Joe in the Morton Salt is a United States company producing Salt for food water conditioning industrial agricultural and road/highway use The Jolly Green Giant is a symbol of the Green Giant food company of the United States, appearing as a smiling green-skinned giant wearing a tunic wreath Mr Peanut is the dandy advertising Logo and Mascot of Planters, an American snack-food company and division of Kraft Foods. ---- Planters is an American snack food company under Kraft Foods manufacturing best known for its nuts and the Mr Gorton's of Gloucester is a Subsidiary of the Japanese seafood conglomerate Nippon Suisan Kaisha Ltd Mr Clean is a Brand name fully owned by Procter & Gamble and created in Puerto Rico

Sports sponsorships

MasterCard currently sponsors the New Zealand All Blacks, the country's rugby union team. The All Blacks are New Zealand's national team in Rugby union, the country's National sport. ^[9] MasterCard also sponsors the UEFA Champions League. See also List of European Cup and UEFA Champions League winners The UEFA Champions League, which evolved from the European Champion Clubs' Cup is a seasonal club For many years, it also sponsored FIFA World Cup but withdrew its contract after a court settlement and its rival Visa took up the contract in 2007. The FIFA World Cup, occasionally called the Football World Cup, but usually referred to simply as the World Cup, is an international Association football ^[10] It is currently the sponsor of the Memorial Cup Tournament of the Canadian Hockey League. The Memorial Cup is the championship trophy of the Canadian Hockey League (CHL The Canadian Hockey League is an Umbrella organization that represents the three Canadian -based Major Junior Ice hockey leagues for players 16 MasterCard has just announced new sponsorship deal with Australian Cricket team and is also the founding sponsor of IPL cricket team Mumbai Indians. The Indian Premier League (also known as the " DLF Indian Premier League" and often abbreviated as IPL) is a Twenty20 Cricket competition Mumbai Indians' is a Cricket team in the Indian Premier League. ^[11] It is the official credit card of UEFA Euro 2008. The 2008 UEFA European Football Championship, commonly referred to as Euro 2008, was the 13th UEFA European Football Championship, a quadrennial football

In 1997, MasterCard was the main sponsor of the aborted MasterCard Lola Formula One team. The 1997 Formula One season was the 48th FIA Formula One World Championship season MasterCard Lola is a former Formula One team that contested one race in the 1997 Formula One season.

On October 12, 2007 MasterCard offered $160,000 to the municipal government of Toronto so that the city could keep its ice rinks open, as the city is facing a budget shortfall. Events 539 BC - The army of Cyrus the Great of Persia takes Babylon. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Toronto (təˈrɒntoʊ colloquially pronounced or) is the largest city in Canada and is the provincial capital of Ontario An Ice rink is a frozen body of Water where people can Ice skate or play winter sports ^[12]

Management and Board of Directors

Key executives include:^[13]

Robert Selander: President and Chief Executive Officer Robert Reeg: President - Global Technology & Operations Lawrence Flanagan: Chief Marketing Officer - Global Marketing Gary Flood: Executive Vice President - Global Account Management Noah Hanft: General Counsel and Corporate Secretary Alan Heuer: Chief Operating Officer Chris McWilton: Chief Financial Officer

Walt Macnee: President - The Americas Michael Michl: Executive Vice President - Central Resources Wendy Murdock: Chief Product Officer - Global Product Group Javier Perez: President - Europe André Sekulic: President - Asia/Pacific, Middle East & Africa Keith Stock: President - MasterCard Advisors Christopher Thom: Chief Risk Officer - Risk Management

As of December 2004, the following banks are represented on MasterCard's board of directors:

Europay España, S.A. HSBC Clarima Banca Capital One Banamex (Citigroup's Mexican division) Citigroup Royal Bank of Scotland MBNA America (now Bank of America) Westpac Banking Corporation

Southern Bank Berhad Bank of Montreal Banque Fédérative du Crédit Mutuel Deutscher Sparkassen-und Giroverband Orient Corporation Bank AL Habib Banco Mercantil Banesco

In January 2005, Washington Mutual Bank, the third largest issuer of debit cards in the United States, announced that it was changing its debit-card branding from VISA to MasterCard. Robert W Selander is the President and Chief Executive Officer of MasterCard. A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator Chief marketing officer ( CMO) is a Corporate title referring to an executive responsible for various Marketing in an Organization Gary Flood (born September 7, 1985) is an American Soccer player who plays defense for the New England Revolution of Major League A general counsel is the chief Lawyer of a legal department usually in a corporation or government department A Company Secretary is a senior position in a private Company or public organisation normally in the form of a managerial position or above A chief operating officer or chief operations officer ( COO) is a Corporate officer responsible for managing the day-to-day activities of the Corporation The Americas are the lands of the Western hemisphere or New World, consisting of the Continents of North America and South America The Chief Risk Officer ( CRO) or Chief Risk Management Officer ( CRMO) of a Corporation is the executive accountable for enabling the efficient For non-business risks see Risk or the disambiguation page Risk analysis. Europay International was the name of the entity created by the merger of Eurocard International, and Eurocheque International. HSBC Holdings plc ( (,,,) is a Public limited company incorporated in England and Wales, headquartered in London. Capital One Financial Corp ( is a McLean Virginia -based Bank holding company specializing in Credit cards, home loans, Auto loans Grupo Financiero Banamex has its origins and is the owner of Banco Nacional de México or Banamex, Mexico 's second largest bank behind BBVA The Royal Bank of Scotland plc ( Scottish Gaelic: Banca Rìoghail na h-Alba) is one of the retail banking subsidiaries of the Royal Bank of Scotland Group MBNA Corporation was a bank Holding company and parent company of wholly owned subsidiary MBNA America Bank N Banc of America Securities Bank of America () is the largest bank by asset and second largest commercial Bank by deposits and Market capitalization in United This article is about the bank For the defunct airline see Western Pacific Airlines. Southern Bank was a Malaysian Bank and the ninth-largest lender while being one of the ten Anchor banks in Malaysia For the original bank with a similar name see Habib Bank The Bank AL Habib Limited run by the Dawood Habib family group of companies is one of the growing banks Mercantil Servicios Financieros is a Venezuelan enterprise that offers Financial services, Insurance, Real estate and Stock exchange Washington Mutual Inc (abbreviated to WaMu) ( is a savings bank holding company and the former owner of Washington Mutual Savings Bank, which was the A debit card (also known as a bank card) is a plastic card which provides an alternative payment method to Cash when making purchases The change will make Washington Mutual MasterCard's largest bank customer.

MasterMoney

MasterMoney is the branding of a MasterCard debit card distributed in North America. A debit card (also known as a bank card) is a plastic card which provides an alternative payment method to Cash when making purchases Like many debit cards, the brand has capabilities of being used as an ATM card as well as a credit card, providing sufficient funds are in one's bank account (usually a checking account) in order to complete a transaction. An ATM card (also known as a bank card, client card, key card or cash card) is an ISO 7810 card issued by a Bank, A credit card is part of a system of Payments named after the small Plastic card issued to users of the system A bank account is a financial account with a Banking institution recording the financial transactions between the customer and the bank and the resulting financial position of A transactional account ( North America: checking account or chequing account, United Kingdom and some other countries current account

PayPass

MasterCard PayPass is a "contactless" payment feature based on the ISO 14443 standard that provides cardholders with a simpler way to pay by tapping a payment card or other payment device, such as a phone or key fob, on a point-of-sale terminal reader rather than swiping or inserting a card. ISO/IEC 14443 defines a Proximity card used for Identification that usually uses the standard Credit card Form factor defined by ISO/IEC

In 2003, MasterCard concluded a nine-month PayPass market trial in Orlando, Florida, with JPMorgan Chase, Citibank, and MBNA. Orlando is a major City in central Florida, USA and is the County seat of Orange County Florida. JPMorgan Chase & Co ( is the largest Banking institution in the United States by deposits and market capitalization and is one of the oldest operating Citibank is a major international Bank, founded in 1812 as the City Bank of New York, later First National City Bank of New York. MBNA Corporation was a bank Holding company and parent company of wholly owned subsidiary MBNA America Bank N More than 16,000 cardholders and more than 60 retailer locations participated in the market trial. In addition, MasterCard worked with Nokia, AT&T Wireless, and JPMorgan Chase to incorporate MasterCard PayPass into mobile phones using Near Field Communication technology, in Dallas, Texas. Nokia Corporation (pronunciation /'nɔkiɑ/),,) is a Finnish multinational Communications Corporation, headquartered AT&T Mobility LLC (usually branded AT&T, and formerly named Cingular Wireless LLC) is the wholly owned wireless subsidiary of AT&T Inc JPMorgan Chase & Co ( is the largest Banking institution in the United States by deposits and market capitalization and is one of the oldest operating Near Field Communication or NFC is a short-range High frequency wireless communication technology which enables the exchange of data between devices over about a 10 centimetre

In 2005, MasterCard began to roll out PayPass in certain markets. As of May 2008, the following financial institutions have issued the MasterCard PayPass:

1. Bank of America
2. JPMorgan Chase (available through its "blink" contactless feature in the United States)
3. Citibank (both MasterCard credit and debit cards)
4. HSBC Bank USA (debit card only)
5. Washington Mutual (WaMu Debit MasterCard with PayPass) "Gold & Platinum Debit Cards"
6. Key Bank (debit card only)
7. Citizens Bank and Charter One Bank (both MasterCard credit and debit cards)
8. Commonwealth Bank (Australia)
9. Garanti Bank (Turkey, available through its Bonus Trink Card)
10. Banco de Oro Universal Bank (Philippines, available through its BDO International ATM Card)
11. Bank of Montreal (Canada, available on most Mosaik cards issued after November 1, 2007^[14])
12. President's Choice Financial (Canada)
13. Tim Hortons (Canada/United States)
14. CIMB Bank (Malaysia)
15. Bank Zachodni WBK SA (Poland)
16. Deutsche Kreditbank AG (Germany, issuer of Lufthansa Miles & More credit cards)
17. Natwest (United Kingdom), on Maestro cards; limited use in the London Docklands and City of London)
18. HSBC (United Kingdom), on credit cards; limited use in selected areas of London
19. Canadian Tire Options Mastercard (Canada)^[15]
20. Capital One (Canada)^[16]

Banknet

MasterCard operates Banknet, a global telecommunications network linking all MasterCard card issuers, acquirers and data processing centers into a single financial network. International holidays May 1 - Labour Day ( Pakistan) May 1 - Labour Day ( Singapore) Banc of America Securities Bank of America () is the largest bank by asset and second largest commercial Bank by deposits and Market capitalization in United JPMorgan Chase & Co ( is the largest Banking institution in the United States by deposits and market capitalization and is one of the oldest operating A smart card, chip card, or Integrated circuit card ( ICC) is any pocket-sized card with embedded integrated Citibank is a major international Bank, founded in 1812 as the City Bank of New York, later First National City Bank of New York. HSBC Bank USA NA, the United States subsidiary of the HSBC Holdings plc, is a bank with its head office in New York City. Washington Mutual Inc (abbreviated to WaMu) ( is a savings bank holding company and the former owner of Washington Mutual Savings Bank, which was the KeyBank ( is a Bank headquartered in the Key Tower in Cleveland, Ohio. Several banks are commonly known as Citizens Bank. Citizens Financial Group Inc The Commonwealth Bank of Australia ( is the largest bank in Australia. Garanti Bank is the third largest-private bank in Turkey with USD$36 billion in assets as of December 31, 2006. Banco de Oro Universal Bank ( commonly known as Banco de Oro, BDO, or sometimes BDO Unibank, was the fifth-largest bank in the Philippines Events 996 - Emperor Otto III issues a deed to Gottschalk Bishop of Freising which is the oldest known document using the name Ostarrîchi Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. President’s Choice Financial is a Financial institution that offers banking services through a Joint venture between Loblaw Companies (a Supermarket Tim Hortons Inc is a Coffee -and- Doughnut Fast food restaurant chain CIMB Group ( is Malaysia’s second largest financial services provider which is listed on Bursa Malaysia through Bumiputra-Commerce Holdings Berhad (BCHB Bank Zachodni WBK SA is a Polish bank Between 1995 and 1996 Allied Irish Banks began to invest into Poland 's emerging economy Miles & More is the largest Frequent flyer program in Europe with more than 15 million members as of May 2008 National Westminster Bank Plc, or NatWest as it is commonly known is a Commercial bank in the United Kingdom which has been part of The Royal Bank of Scotland Group The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Maestro means " Master " or " Teacher " in Italian. Docklands is the semi-official name for an area in the east of London, England, comprising parts of several boroughs ( Southwark, Tower Hamlets For London as a whole see the main article London. The City of London is a geographically HSBC Bank plc is one of the major Clearing banks in the United Kingdom having more assets than any other bank. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Canadian Tire Financial Services (CTFS is the Financial Services arm of Canadian Tire. Capital One Financial Corp ( is a McLean Virginia -based Bank holding company specializing in Credit cards, home loans, Auto loans A telecommunications network is a network of Telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over The operations hub is located in St. Louis, Missouri.

MasterCard's network is significantly different from Visa's. Visa's is a star based system where all endpoints terminate at one of several main data centers, where all transactions are processed centrally. MasterCard's network is an edge based, peer-to-peer network where transactions travel a meshed network directly to other endpoints, without the need to travel to a single point. This allows MasterCard's network to be much more resilient, in that a single failure cannot isolate a large number of endpoints.

EPS-Net

MasterCard Europe operates a Network known as EPS-Net - this interfaces Banknet but is up for replacement in 2009. EPS-Net is used to link Issuers and Acquirers for Online POS/ATM Transaction Processing.

See also

• American Express
• China UnionPay
• Cirrus
• Credit Card
• Damage waiver
• Diners Club
• Discover
• Interchange fee
• JCB
• Maestro
• Mondex
• Octopus card
• Visa

References

External links

• Official website
• Corporate website
• Merchant website
• Business website
• How MasterCard Works (interactive site)

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