MasterCard is a global payment solution that uses avant-garde chip technology to secure card transactions in local stores. It also facilitates online purchases through SecureCode.
The history of MasterCard Inc. can be traced to the late 40s when various American banks issued a special paper that replaced cash at the local shops. Among the founding banks of MasterCard were the United California Bank, Bank of California, Crocker National Bank, and Wells Fargo. In 1966, these banks established the Interbank Card Association or ICA in conjunction with HSBC Bank USA, formerly Marine Midland Bank. They formed a Master Charge or the Interbank Card, which gained prominence in 1969.
By 1970, ICA partnered with Eurocard to form an alliance that attracted the first Japanese members. More financial institutions from Australia and Africa joined, and ICA was rebranded to Mastercard International. Further expansion throughout Latin American and Asia happened in the 80s.
Today, MasterCard debit and credit cards circulate in over 210 countries and territories and accept about 150 currencies. It is the second-largest credit card issuer that partners with over 25,000 financial institutions. MasterCard players must submit a unique PIN code when transacting at new online casinos. The cards allow users to utilize tokenization rather than submitting the 16-digit card number.