Mastercard network statistics and PCI compliance

The Mastercard Network

Mastercard, previously known as “Interbank” from the period of 1966 – 1969 and “Master Charge” from 1969-1979, was created by an alliance of multiple regional bankcard associations in response to the BankAmericard issuance by Bank of America, that later became the VISA credit card as issued by Visa Inc.

“Mastercard Incorporated” is an American multinational financial services corp headquartered in the Mastercard International Global Headquarters located in Purchase, New York, USA. Founded in 1966 as as Interbank Card Association and as Mastercard in 1979.

Identification markers:

  • FIGI BBG000BCR153
  • Share Class FIGI BBG001S5P034
  • Composite FIGI BBG000BCQZS4
  • FIGI ID EQ0010006100001000
  • AKA Interbank Card Association
  • Market Cap $247.1B
  • Founded 1966
  • Employees 15,000+/-
  • Sales $15B
  • Headquarters Foster City, California
  • Stock Symbol NYSE:MA/li>

Vendor PCI Compliance

Mastercard requires all its service providers to be tested for a PCI compliance based on level, validation requirements and supply an Approved Scanning Vendor (ASV) or Qualified Security Assessor (QSA) as necessary.
When compliance has been achieved, submit a signed Attestation of Compliance (AOC); or for those SAQ eligible, please submit the SAQ D AOC and latest passing scan to Mastercard.
If no compliance is established and thoroughly, the PCI DSS Action Plan for Service Providers or if applicable, the PCI 3DS Core Action Plan for Service Providers should be completed and submitted for a review to the Mastercard.

master card validation

Mastercard statistics

Brands:
Cirrus, Maestro, Mondex, Mastercard, Masterpass

As of 2017:

Revenue: US$12.497 billion, Operating income: US$6.622 billion, Net income: US$3.915 billion, Total assets: US$21.329 billion, Total equity: US$5.497 billion, Number of employees: ~13,400

There were 231 million of active and valid Mastercard credit cards in the US and 644 million cards in the rest of the world on December 2 of 2018. Mastercard purchase grew 10.9%. Purchase volume on Visa cards increased 10.5%. This was the first time Mastercard had increased its market share versus Visa since 2012, according to The Nilson Report.

Benefits segments and distribution

BenefitsTraditional VisaSignature VisaInfinite Visa
24-hour serviceXXX
Lost or stolen card reportingXXX
Emergency card replacementXXX
Emergency cash disbursementXXX
Auto rental collision damage waiverXXX
Zero liabilityXXX
Roadside dispatchXXX
ID theft protection
Fuel rewards
Price protectionX
Extended warrantyXX
Year-end summary XX
Travel, emergency assistanceXX
Return protectionXX
Purchase securityXX
Travel accident insuranceXX
Trip cancellationXX
Trip delayXX
Lost luggageXX
Free shipping
Access to high-end rentalsXX
PricelessĀ® experiences
24/7 ConciergeX
Hotel stay/rate guarantee
Travel dealsX
Airport concierge

Network and PCI Compliance

Mastercard is one of the world’s leading payment networks, providing secure and efficient payment solutions to consumers, merchants, and financial institutions across the globe. In this article, we will delve into some key statistics related to the Mastercard network and explore its commitment to Payment Card Industry Data Security Standard (PCI DSS) compliance.

Global Presence and Acceptance

Mastercard operates one of the largest and most widespread payment networks worldwide. As of my last knowledge update in September 2021, Mastercard’s network was accepted in over 210 countries and territories, making it a truly global and versatile payment option. Its broad acceptance ensures that cardholders can use their Mastercard-branded cards for purchases, both locally and when traveling abroad, contributing to its popularity and convenience.

Transaction Volume and Value

Mastercard’s payment network consistently handles an immense volume of transactions. On any given day, millions of transactions are processed through Mastercard’s network, ranging from small retail purchases to significant business-to-business transactions. The total value of these transactions reaches billions of dollars, underscoring Mastercard’s significance as a key player in the global financial landscape.

Merchant Acceptance and Incentives

Mastercard actively works to enhance its merchant acceptance. By incentivizing businesses to accept Mastercard payments, the company aims to provide consumers with a seamless and consistent payment experience. Mastercard offers various programs and incentives to merchants, encouraging them to embrace the convenience and security of its payment solutions.

PCI Compliance and Security

As a major payment network, Mastercard prioritizes the security and protection of cardholder data. To achieve this, the company complies with the Payment Card Industry Data Security Standard (PCI DSS), a set of security standards established by the PCI Security Standards Council. PCI DSS compliance ensures that all entities involved in processing Mastercard transactions maintain a secure environment, reducing the risk of data breaches and fraud.

Mastercard collaborates with merchants, financial institutions, and payment processors to promote and enforce PCI DSS compliance. These entities must adhere to strict security protocols and regularly undergo audits and assessments to validate their compliance. By fostering a secure ecosystem, Mastercard seeks to instill trust and confidence in consumers and merchants alike, ultimately benefiting the entire payment industry.

Continued Innovation

Mastercard remains at the forefront of technological advancements in the payment industry. The company continually explores new technologies and solutions to improve the efficiency and security of its payment network. From contactless payments and mobile wallets to tokenization and biometric authentication, Mastercard embraces innovations that enhance the user experience while maintaining a strong focus on security.

Conclusion

Mastercard’s global presence, extensive transaction volume, and commitment to PCI compliance make it a prominent and reliable payment network worldwide. Through its dedication to security and innovation, Mastercard continues to shape the future of payments, ensuring that consumers, merchants, and financial institutions can benefit from secure and convenient transactions. As the digital landscape evolves, Mastercard remains poised to adapt and lead the way in the ever-changing world of electronic payments.

References

Mastercard – From Wikipedia
https://en.wikipedia.org/wiki/Mastercard

Mastercard Benefits
https://www.mastercard.us/