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MasterCard

By Connor Freitas

Company profile

CEO: Ajaypal Singh Banga

Based in: New York, US

Founded: December 1966

Best known for: Credit and debit cards

Traded on: NYSE

Ticker: MA

0'>MasterCard is a financial services company that’s best known for its credit, debit and prepaid cards. The business makes its money by connecting consumers and merchants – processing purchases made by shoppers and delivering the funds to the company’s bank.

The MasterCard company is a long-running rival of 0'>Visa, and it was established in the 1960s as a direct competitor. In previous iterations, it was known as Interbank and Master Charge.

As for MasterCard share price history, its origins can be traced back to May 2006, when the payments giant had its initial public offering. The company managed to raise $2.4bn at $39 a share – and although it was the biggest IPO seen in the US for two years, its size fell short of expectations because of legal issues. Compare that with Visa’s performance in 2008, when it raised $17.9 billion. MasterCard shares have had a steady uptick in recent years and are worth about seven times more than they were at the time of flotation.

Key dates

1979

Thirteen years after launching as Interbank, the MasterCard name is born

1980s

MasterCard became the first payment card to be issued in China

1997

The company’s famous “Priceless” slogan is used for the first time

2002

A merger between MasterCard and Europay International takes place

2006

MasterCard begins trading on the New York Stock Exchange

Mastercard Inc
Daily change
294.41
Low: 290.08
High: 294.94
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