Profile: Mastercard Inc (MA)
21 Oct 2016
MasterCard Incorporated, incorporated on May 9, 2001, is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company's offerings include loyalty and reward programs, information services and consulting.
The Company provides a range of products and solutions that support payment products that customers can offer to their cardholders. The Company's services facilitate transactions on the MasterCard Network among cardholders, merchants, financial institutions and governments. The Company's programs include consumer credit, commercial, and debit and prepaid. The Company's consumer credit and charge offers a range of programs that enables issuers to provide consumers with cards that allows user to defer payment. The Company's debit supports a range of payment products and solutions that allows its customers to provide consumer access to funds in deposit and other accounts. The Company offers prepaid payment programs using any of its brands, which supports 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 without formal banking relationships and users of electronic payments. The Company's network involves approximately four participants, such as cardholder, merchant, issuer and acquirer.
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 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 developing payments and delivers consumer shopping through MasterCard Labs.
The Company offer products and services to prevent, detect and respond to fraud and to ensure the safety of transactions made on MasterCard products. Its products and solutions 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. The Company's value-added solutions include MasterCard Advisors, and Loyalty and Rewards Solutions. MasterCard Advisors is its professional services group that provides proprietary analysis, data-driven consulting and marketing services solutions to help clients optimize, streamline and grow their businesses, as well as deliver value to consumers. Its information services group provides a range of data analytics and products (including reports, benchmarks, models and insights) that enable its customers to make business decisions. Its consulting services group combines professional problem-solving skills with payments expertise to provide solutions that address the challenges and opportunities of clients with respect to payments. The managed services group provides solutions to enable data-driven acquisition of accounts, activation of portfolios, conversion of cards, marketing promotions activities and other customer management services. It provides a scalable 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, emergency cash advance services and an around the clock cardholder service center. 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 faster.
The Company competes with American Express, JCB, UnionPay, Visa Inc., First Data Corporation, FIS, Discover, Interac, EFTPOS, Total System Services, Inc., PayPal, AliPay, Amazon, mPesa and Bankserv.
2000 Purchase St
PURCHASE NY 10577-2405
Company Web Links
- BRIEF-UK's CMA says to consider deal between Mastercard's UK unit and Vocalink
- BRIEF-Mastercard says amended its amended and restated by-laws to add proxy access procedures for qualifying stockholders - SEC filing
- AmEx can bar merchants from steering card customers elsewhere
- BRIEF-Mastercard Send teams up with Stripe
- Mastercard sued for $19 billion in Britain's biggest damages claim |