Edition:
United States

Profile: Mastercard Inc (MA)

MA on New York Consolidated

122.09USD
25 May 2017
Change (% chg)

$1.39 (+1.15%)
Prev Close
$120.70
Open
$121.02
Day's High
$122.28
Day's Low
$120.95
Volume
1,422,977
Avg. Vol
3,045,658
52-wk High
$122.28
52-wk Low
$86.65

MasterCard Incorporated, incorporated on May 9, 2001, is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its network among cardholders, merchants, financial institutions and governments. The Company's products include consumer credit and charge, commercial, debit, prepaid, commercial and digital. The Company's consumer credit and charge offers a range of programs that enables issuers to provide consumers with cards allowing users to defer payment. The Company's debit supports a range of payment products and solutions that allows its customers to provide consumers with access to funds in deposit and other accounts. The Company offers prepaid payment programs using any of its brands, which it supports with processing products and services. The Company focuses on segments, which include government programs, such as social security payments, unemployment benefits and others; commercial programs, such as payroll, health savings accounts, employee benefits and others, and consumer reloadable programs for individuals and users of electronic payments. The Company also provides prepaid program management services, primarily outside of the United States, that manage and enable switching and issuer processing for consumer and commercial prepaid travel cards for business partners, such as financial institutions, retailers, telecommunications companies, travel agents, foreign exchange bureaus, colleges and universities, airlines and governments.

The Company offers commercial payment products and solutions, which helps large corporations, mid-sized companies, small businesses and government entities streamline their procurement and payment processes, manage information and expenses (such as travel and entertainment) and manage administrative costs. The Company's offerings and platforms include premium, travel, purchasing and fleet cards and programs. Its SmartData tool provides information reporting and expense management capabilities, and credit and debit programs for small businesses. It focuses on offering digital solutions, such as MasterPass digital payments ecosystem, MasterCard Digital Enablement Service (MDES) suite and other products. The Company enables consumers to use their smartphones to make digital payments through various partnerships with mobile companies and digital companies around the world. Through Mastercard Send, the Company provides money transfer and global remittance solutions to enable its customers to facilitate consumers sending and receiving money domestically and around the world. The Company focuses on delivering consumer shopping safety through MasterCard Labs.

The Company offers products and services to prevent, detect and respond to fraud and to ensure the safety of transactions made on MasterCard products. These include Internet authentication/verification solutions that leverage biometrics; services assisting customers, merchants and third-party service providers in protecting against attacks and subsequent account data compromises, and fraud detection and management products and services. It has processing capabilities in the payments value chain in various regions and across the globe with a suite of offerings, including issuer and acquirer solutions designed to provide customers with a complete processing solution to help them create differentiated products and services, and allow deployment of payments portfolios across banking channels; payment gateways that offer a single interface to provide e-commerce merchants with the ability to process secure online and in-application payments and offer value-added solutions, including outsourced electronic payments, fraud prevention and alternative payment options, and mobile gateways that facilitate transaction routing and processing for mobile-initiated transactions for its customers.

The Company's MasterCard Advisors is its professional services group that provides analysis, data-driven consulting and marketing services solutions. Its information services group provides a range of data analytics and products (including reports, benchmarks, models and insights). The managed services group provides solutions to enable data-driven acquisition of accounts, activation of portfolios, conversion cards, marketing promotions activities and other customer management services. It provides a rewards platform that enables issuers to provide consumers with a range of services, such as personalized offers and rewards, access to a global airline lounge network, global and local concierge services, individual insurance coverages, emergency card replacement and emergency cash advance services. For merchants, the Company provides targeted offers and rewards campaigns, and management services for publishing offers, as well as opportunities for holders of co-brand or loyalty cards and rewards program members to obtain reward points.

The Company competes with American Express, Discover, JCB, UnionPay, Visa Inc., First Data Corporation, FIS, Interac, EFTPOS, Bankserv, Total System Services, Inc., PayPal, Alipay, Amazon and mPesa.

Company Address

Mastercard Inc

2000 Purchase St
PURCHASE   NY   10577-2405
P: +1914.2492000
F: +1302.6555049

Company Web Links