MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, New York, USA. Worldwide, its main activity is the processing of payments between banks, merchants and banks from the purchasers who use their MasterCard branded debit and credit cards to make purchases. MasterCard Worldwide is a publicly traded company since 2006. Before its initial public offering, MasterCard Worldwide is an organization owned by 25, 000 + financial institutions that your card number.
Originally created by Raymond Stanley Benovitz Tanenhaus and two contractors in Louisville, KY, then sold in 1966 at the United California Bank (later First Interstate Bank, subsequently merged with Wells Fargo Bank), Wells Fargo, Crocker National Bank ( also subsequently merged with Wells Fargo) and Bank of California (which later merged with Union Bank of California) as a competitor to the BankAmericard issued by the Bank of America, now the Visa credit card issued by Visa Inc.