MasterCard is an American global financial services provider, with headquarters in the small town of Purchase, New York. MasterCard branded products include an international credit card and several debit cards, which are issued by financial institutions such as banks and building societies to their customers. The credit card, called simply MasterCard, was the company’s first payment solution, and dates back to 1966, when it was known as MasterCharge. Issued in over 200 countries across the globe, it allows its cardholders access to a pre-approved revolving line of credit, which may be used to make purchases, payments and deposits off and online. Rules and regulations regarding the credit card’s use are established by the issuing institution and thus may vary according to the specific issuer. The MasterCard company’s debit card brands include MasterMoney (available in North America), Maestro (mainly in EU countries) and Debit MasterCard.
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