MasterCard in the context of "World Team of the 20th Century"

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⭐ Core Definition: MasterCard

Mastercard Inc. (stylized as MasterCard from 1979 to 2016 and as mastercard from 2016 to 2019) is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services (such as travel-related payments and bookings). 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, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.

Mastercard (originally Interbank, then Master Charge) was created by an alliance of several banks and regional bankcard associations in response to the BankAmericard issued by Bank of America, which later became Visa and is still its biggest competitor. Along with Visa, Mastercard has faced numerous antitrust lawsuits. Prior to its initial public offering, Mastercard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.

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👉 MasterCard in the context of World Team of the 20th Century

The World Team of the 20th Century or MasterCard 20th Century team (as it was sponsored by MasterCard) was chosen in 1998 to honour the best association football players of the 20th century. The team was consisted of an eleven-member side, with one goalkeeper, four defenders, three midfielders, and three forwards (4–3–3 formation).

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MasterCard in the context of Keihanshin

Keihanshin (京阪神; Japanese pronunciation: [kei.haꜜɰ̃.ɕiɴ, keː-], lit.'Kyoto–Osaka–Kobe') is a metropolitan region in the Kansai region of Japan encompassing the metropolitan areas of the cities of Kyoto in Kyoto Prefecture, Osaka in Osaka Prefecture and Kobe in Hyōgo Prefecture. The entire region has a population (as of 2015) of 19,302,746 over an area of 13,228 km (5,107 sq mi). It is the second-most-populated urban region in Japan (after the Greater Tokyo Area), containing approximately 15% of Japan's population.

The GDP in Osaka–Kobe is $681 billion as measured by PPP as of 2015, making it one of the world's most productive regions, a match with Paris and London. MasterCard Worldwide reported that Osaka is the 19th ranking city of the world's leading global cities and has an instrumental role in driving the global economy. If Keihanshin were a country, it would be the 16th-largest economy in the world, with a GDP of nearly $953.9 billion in 2012.

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MasterCard in the context of Gift card

A gift card, also known as a gift certificate in North America, or gift voucher or gift token in the UK, is a prepaid stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or organizations as rewards or gifts. They may also be distributed by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees.

American Express, MasterCard, and Visa offer generic gift cards which need not be redeemed at particular stores, and which are widely used for cash-back marketing strategies. A feature of these cards is that they are generally anonymous and are disposed of when the stored value on a card is exhausted.

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