1.2. Features

 
As well as convenient, accessible credit, credit cards offer consumers an easy way to track expenses, which is necessary for both monitoring personal expenditures and the tracking of work-related expenses for taxation and reimbursement purposes. Credit cards are accepted worldwide, and are available with a large variety of credit limits, repayment arrangement, and other perks (such as rewards schemes in which points earned by purchasing goods with the card can be redeemed for further goods and services or credit card cashback).

Some countries, such as the United States, the United Kingdom, and France, limit the amount for which a consumer can be held liable due to fraudulent transactions as a result of a consumer's credit card being lost or stolen.

Source: wikipedia.org

1.2. Features

3.5. MasterCard

 
MasterCard Worldwide (NYSE: MA) is a multinational corporation based in Purchase, New York, United States. Throughout the world, its principal business is to process payments between the banks of merchants and the banks of purchasers that use its "MasterCard" brand debit and credit cards to make purchases. MasterCard Worldwide has been a publicly traded company since 2006. Prior to its initial public offering, MasterCard Worldwide was a membership organization owned by the 25,000+ financial institutions that issue its card.

It was originally created by Raymond Tanenhaus and Stanley Benovitz, two entrepreneurs in Louisville, Ky, and later sold in 1966 to United California Bank (later First Interstate Bank and subsequently merged into Wells Fargo Bank), Wells Fargo, Crocker National Bank (also subsequently merged into Wells Fargo), and the Bank of California (subsequently merged into the Union Bank of California) as a competitor to the BankAmericard issued by Bank of America, which is now the VISA credit card and issued by Visa Inc.

CONTENTS

3.5.1. History
3.5.2. Features
3.5.3. Shareholders
3.5.4. IPO
3.5.5. Litigation
3.5.6. Advertising
3.5.7. Sports sponsorships
3.5.8. Management and Board of Directors
3.5.9. MasterMoney
3.5.10. PayPass
3.5.11. Banknet
3.5.12. EPS-Net
3.5.13. Publications

Source: wikipedia.org

3.5. MasterCard