Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations. These include programs that enable issuers to provide consumers with credits to defer payments, payment products and solutions that allow its customers to access funds in deposit and other accounts, prepaid programs services, consumer bill payment services, and commercial credit, debit, and prepaid payment products and solutions.
It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from a physical card and leverages the credit limit of the funding account. Additionally, Mastercard offers a platform to optimize supplier payment enablement campaigns for financial institutions.
In addition, the company offers Mastercard Move, which partners with digital messaging and payment platforms to enable consumers to send money directly within applications to other consumers. It partners with central banks, fintechs, and financial institutions to help governments and nonprofits, as well as to enable various cross-border payment flows.
Further, it provides security solutions, personalization, issuer and merchant loyalty, and marketing services. The company also offers advanced analytics, business intelligence, economic and location-based insights, payments consulting, and operational insights services, along with processing and gateway solutions and open banking services.
The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus names. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
