MasterCard

Intro and history: MasterCard, originally known as Interbank from 1966 to 1969 and Master Charge from 1969 to 1979, is an American multinational financial services corporation. Its primary business involves processing payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the "MasterCard" brand debit, credit, and prepaid cards to make purchases. Industry: Financial Services Product, Services and Operations: MasterCard provides payment processing products and solutions for individuals and businesses. Its offerings include credit, debit, and prepaid cards. It also provides services in the areas of safety and security, loyalty, product management, and payment gateway solutions. Funding Details: As a publicly-traded company, MasterCard's funding comes from its shareholders. As of 2021, its market capitalization is approximately $367.2 billion. Acquisitions: Notable acquisitions include DataCash, Truaxis, C-SAM, and NuData Security among others. Awards and Achievements: MasterCard has received numerous awards and recognitions, including being ranked 6th in the Forbes list of World's Most Innovative Companies in 2018. It has also been recognized for its commitment to diversity and inclusion. Please note that the founder of MasterCard is not readily available as it was created by an alliance of several regional bankcard associations.