Consumer Payment Card News

MasterCard Anniversary

MasterCard Worldwide, founded in 1966 as the Interbank Card Association, celebrated its 40th anniversary this week at its Global Technology and Operations Center in O’Fallon, Missouri. Earlier this week, the Company reported its first full quarter as a publicly listed company, posting an 82% increase in net income to $193 million while net revenues rose 14% to $902 million. Fueling the higher revenue was the growth in MasterCard’s gross dollar volume, which increased 15% to $502 billion. Meanwhile, in 1969, Interbank Card Association acquired exclusive rights to the “Master Charge” name and the trademarked interlocking circles. A decade later, in 1979, the company was renamed “MasterCard” to reflect the company’s commitment to international growth and, in 1983, MasterCard introduced the industry’s first hologram security device. MasterCard currently has 210 countries and territories around the world as a franchisor, processor and advisor. For more information visit: “http://www.mastercard.com”:http://www.mastercard.com.

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