Mastercard

About

Mastercard is a leading global payment and technology company headquartered in Purchase, New York. It operates a vast financial network facilitating electronic funds transfers through its branded debit, credit, and prepaid cards. Mastercard's principal business involves processing payments between merchants' banks and card-issuing banks or credit unions. The company provides a range of payment solutions, including real-time account-based payments, cross-border transactions, and digital payment systems. Mastercard also offers value-added services such as loyalty programs and advisory services. Mastercard has been at the forefront of innovation, investing in AI and cybersecurity to enhance transaction security and resiliency. It has expanded its capabilities through strategic acquisitions and partnerships, such as acquiring Brighterion for AI and machine learning capabilities and Recorded Future for cybersecurity. Mastercard serves a diverse clientele, including individuals, businesses, governments, and financial institutions across multiple regions. Its commitment to digital transformation and security makes it a key player in the global financial landscape.