Mastercard is the second-largest global payments network after Visa. Company operates proprietary core network for payment transactions. Generates revenue primarily from gross dollar volume fees
Visa and Mastercard are major payment networks for credit cards. Neither network issues cards directly to consumers. Discover and American Express are only two networks issuing cards directly
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Launched in 1991, Maestro cards are accepted in 93 countries. Approximately 15 million POS outlets worldwide accept Maestro cards. Mastercard began phasing out Maestro in Europe on July 1, 2023
Mastercard launched "Priceless" campaign in 1997 with slogan "There are some things money can't buy". Campaign features ads showing costs of three products before "priceless" concept. Billy Crudup voices US ads, Jack Davenport in UK. Campaign aims to position Mastercard as friendly credit card company
Maestro is Mastercard's debit card brand launched in 1991. Maestro was first online point-of-sale debit network in Europe. Around 400 million Maestro cards are in circulation worldwide