Mastercard is what is known in the industry as a charge card. Charge cards can be dated back to the early 1900s. In 1914, in what seems purely as a customer service goodwill gesture, Western Union gave some of their preferred customers a metal card to be used in deferring payments—interest free—on services used.
Banks became interested in credit cards since they were in the business of lending money at first they were only issuing cards to local consumers. In 1951, the Franklin National Bank in New York, issued the “Charge It” card. Which allowed consumers to make charges at local retail establishments. This charge card system worked much like credit card systems work today. The consumer made a purchase using the card; the retailer obtained authorization from the bank, and closed the sale.
The first credit card as we know it was issued by the Bank of America and was known as the "BankAmericard". In 1965, Bank of America issued licensing agreements to other banks and these licensing agreements allowed other banks to issue BankAmericards and to interchange transactions through issuing banks.
By 1969, most independent bank charge cards had been converted over to either the BankAmericard or Master Charge cards. Eventually, charge card issuing and processing became too large of a task for the banking industry to handle.That is what lead to the emergence of credit card associations such as now known as Visa (BankAmericard) and Master Card (Mastercharge).
MasterCard is a for "Profit" company who issues credit cards and sets and maintain rules for credit card acceptance and processing.
There are five leaders in the credit card industry: Visa International, MasterCard, American Express, Discover and Diner’s Club.
Are MasterCard cards
accepted globally?
Yes, MasterCard is accepted around the world at retail outlets and ATM machines,
where you see the MasterCard (or Maestro/Cirrus) sign. Currently, you can use
your card in more than 30 million locations worldwide.
What is a Maestro card?
This is a debit card that is linked to your current account with your bank,
i.e. when you use it, the funds are debited straight from your current account.
Who should I call
if I have problems with my MasterCard card?
If you experience problems with your card either in the UK or abroad, you should
contact your issuing bank,
How can I get a
MasterCard card?
MasterCard cards are issued by all major financial institutions in the UK.
The Marbles Credit Card is a Mastercard ... you can apply by Clicking Below and filling in your address:
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