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MasterCard vs VISA

Created: August 13, 2007, Updated: June 02, 2014, Owner: claim ownershipPut your name here Comments (0)
 

MasterCard

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VISA

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MasterCard Incorporated (NYSE: MA) or MasterCard Worldwide is an American multinational financial services corporation headquartered in the MasterCard International Global Headquarters, Purchase, New York, United States. The Global Operations Headquarters is located in O'Fallon, Missouri, United States, a suburb of Saint Louis, Missouri. Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the "MasterCard" brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006. Prior to its initial public offering, MasterCard Worldwide was a cooperative owned by the 25,000+ financial institutions that issue its branded cards. –Editor's choicemore
Visa Inc. (/ˈviːzə/ or /ˈviːsə/) is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards. Visa does not issue cards, extend credit or set rates and fees for consumers; rather, Visa provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid and cash-access programs to their customers. In 2008, according to The Nilson Report, Visa held a 38.3% market share of the credit card marketplace and 60.7% of the debit card marketplace in the United States. In 2009, Visa’s global network (known as VisaNet) processed 62 billion transactions with a total volume of $4.4 trillion. –Editor's choicemore
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TypePublicPublic
Traded asNYSE: MA, S&P 500 ComponentNYSE: V, Dow Jones Industrial Average Component, S&P 500 Component
IndustryFinancial servicesFinancial services
Founded(1966-12-16) December 16, 1966 (age 47) (as Master Charge : The Interbank Card), (1979-12-16) December 16, 1979 (age 34) (as MasterCard)Fresno, California, U.S. (1958; 56 years ago (1958) as BankAmericard)
HeadquartersMasterCard International Global Headquarters, Purchase, New York, United StatesFoster City, California, U.S.
Area servedWorldwideWorldwide
Key peopleRichard N. Haythornthwaite, (Chairman), Ajaypal Singh Banga (President & CEO)Joseph Saunders, (Executive Chairman), Charles Scharf, (CEO), Ryan McInerney, (President)
ProductsCredit cards, payment systemsCredit cards, payment systems
Revenue US$ 7.391 billion (2013) $10.421 billion USD (2012)
Operating income US$ 4.503 billion (2013)0$2.139 billion (2012)
Net income US$ 3.116 billion (2013)0$2.144 billion (2012)
Total assets US$ 14.242 billion (2013) $40.013 billion (2012)
Total equity US$ 7.484 billion (2013) $27.630 billion (2012)
Employees8,200 (2013)8,500 (2012)
Websitewww.mastercard.comvisa.com
Read news about MasterCard
Search Wikipedia for MasterCard
Read news about VISA
Search Wikipedia for VISA

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