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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. [3]
Vocalink is a payment systems company headquartered in the United Kingdom, created in 2007 from the merger between Voca and LINK. [1] It designs, builds and operates the UK payments infrastructure, which underpins the provision of the Bacs payment system and the UK ATM LINK switching platform covering 65,000 ATMs and the UK Faster Payments systems.
Mastercard acquired the existing Redeshop service in 2002 and rebranded it as Maestro, a few years later Mastercard rebranded their Mastercard Maestro to “Mastercard Débito“, where the name may erroneously suggest that it is a “Debit Mastercard“, but internally the cards are still Maestro.
The first logo, advertised from 1982 until 1992, was then changed to match those representing the other subsidiaries of Mastercard, which acquired Cirrus in 1987. The only exception is the colour pattern change. This can also be noticed through the re-branding in 2016, since all the logos of Mastercard, Maestro and Cirrus have been equally ...
An address verification service (AVS) is a service provided by major credit card processors to enable merchants to authenticate ownership of a credit or debit card used by a customer. [1] AVS is done as part of the merchant's request for authorization in a non-face-to-face credit card transaction.
Switch was launched in 1988 by Midland Bank, National Westminster Bank and The Royal Bank of Scotland as a multifunction cheque guarantee and cash card.The brand was merged with Maestro, an international debit card brand owned by Mastercard, at the end of 2002.
On 13 May 2013 the company completed the purchase of Santander UK's store card business, including branded cards issued for retailers including Topshop, Dorothy Perkins, House of Fraser and Debenhams. [2] Santander continued to operate the cards business until 1 April 2014, when SAV took full control and was renamed NewDay. [3] [4]
It enjoyed a monopoly of the credit card market in the United Kingdom until the introduction of the Access Card in October 1972. [2] Barclays was not the first issuer of a credit card in the United Kingdom though; Diners Club and American Express launched their charge cards in 1962 and 1963 respectively.