MasterCard Inc was incorporated as a Delaware corporation in May 2001. The Company is a technology company in the payments industry that connects consumers, financial institutions, merchants, governments and businesses, enabling them to use electronic forms of payment instead of cash and checks. It facilitates the processing of payment transactions, including authorization, clearing and settlement, and deliver related products and services. It makes payments easier and more efficient by creating payment solutions and services using its family of brands, including MasterCard, Maestro and Cirrus. The Company also provides value-added offerings such as loyalty and reward programs, information services and consulting. Its network is designed to ensure safety and security for the payments system. The Company operates the MasterCard Network and proprietary payments network that links issuers and acquirers around the globe to facilitate the processing of transactions, permitting MasterCard cardholders to use their cards and other payment devices at millions of merchants. Its network facilitates an efficient and secure means for merchants to receive payments, and a convenient, quick and secure payment method for consumers and businesses that is accepted. It processes transactions through its network for its issuer customers in more than 150 currencies in more than 210 countries and territories.
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