What is Mastercard?
Q: What is Mastercard?
A: Mastercard is an American multinational financial services corporation that processes payments between merchants and customers using the Mastercard branded debit and credit cards.
Q: Where is Mastercard headquartered?
A: Mastercard is headquartered in Purchase, New York, United States.
Q: What is the business of Mastercard?
A: The business of Mastercard is to process payments between the banks of merchants and the card issuing banks or credit unions of purchasers who use the Mastercard brand debit and credit cards to make purchases.
Q: When was Mastercard first established?
A: Mastercard was first established as Interbank/Master Charge by several California banks as a competitor to the BankAmericard by Bank of America, later the Visa credit card by Visa Inc.
Q: What was Mastercard named from 1966 to 1979?
A: From 1966 to 1979, Mastercard was named "Interbank" and "Master Charge".
Q: What is the purpose of Mastercard in processing payments?
A: The purpose of Mastercard in processing payments is to enable smooth transactions between merchants and cardholders by providing a secure and reliable payment system.
Q: What kind of cards does Mastercard offer?
A: Mastercard offers debit and credit cards that carry the Mastercard brand and can be used by customers to make purchases and transactions.
