Mastercard is a multinational financial services corporation that provides payment processing services to customers worldwide. The company was founded in 1966 as Interbank Card Association and renamed to Mastercard in 1979.
Mastercard's primary business is processing payments between banks and merchants for credit, debit, and prepaid cards. It offers a range of products and services to its customers, including transaction processing, data analytics, fraud prevention, and consulting services.
Mastercard has become a well-known brand around the world, recognized for its logo and slogan "Priceless." The company has also been involved in various marketing campaigns and sponsorships, including partnerships with major sports leagues such as the UEFA Champions League and the PGA Tour.
In addition to its core business, Mastercard has also developed new technologies and initiatives, such as contactless payments, mobile payments, and digital wallets. The company is committed to promoting financial inclusion and helping to advance a more inclusive and sustainable global economy.