MasterCard Incorporated, together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers cheque programs. The company develops and markets payment solutions, processes payment transactions, and provides consulting and information services to customers and merchants. It provides transaction processing and other payment-related services, which include facilitating the authorization, clearing, and settlement process of the transactions, as well as processing cross-border and currency conversion transactions. MasterCard Incorporated manages and licenses payment card brands, including MasterCard, MasterCard Electronic, Maestro, and Cirrus. The company’s payment programs, which are facilitated through its brands, include consumer credit and debit programs, commercial payment solutions, stored value programs, prepaid programs, and contactless payment solutions. As of December 31, 2007, it served approximately 25,000 financial institutions worldwide. The company was founded in 1966 and is headquartered in Purchase, New York.
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