master card

2016-06-27 00:00:00

MasterCard is one of the largest financial institutions in the world. The company was founded in the mid 60s. last century. Its main specialization was the provision of banking services to the population, enterprises and organizations. MasterCard confidently took its place under the rays of the financial sun in 1980 (during this period the organization issued about 55 million payment cards).

In 2002 the company was transformed into a Joint Stock Company. By this time, MasterCard was so firmly on its feet that it was able to compete with the world famous Visa payment system.

 

About the concept of MasterCard

The main activity of the company is the provision of services related to the conduct of various financial transactions. However, solving global problems also worries the employees of the organization, so MasterCard deals with issues such as:

• development of the world economy;
• solution of social problems;
• care for the environment.

The solution of social problems is carried out through the implementation of the "World without cash" program, thanks to which the population of the planet is involved in a common economic network. In addition, the company takes part in charity events that help raise the welfare of citizens to a higher level.

As far as care for the environment is concerned, the company's policy here is obvious: MasterCard management supports and finances environmental projects. For example : control over the consumption of energy resources, the use of secondary raw materials, and so on.

The company's management believes that the success of the payment system is determined precisely by the general concept of MasterCard , which implies concern for the welfare of society. Employees of the enterprise have developed a payment system that will be available to everyone. A high level of corporate culture is also maintained. The company conducts its business honestly and openly, without going beyond the current legislation.

 

Products offered by MasterCard

The company is an issuer of several types of plastic cards. MasterCard cards are profitable and convenient payment documents.

• master card standard . This card provides a wide range of possibilities. It is suitable for both everyday shopping and travel. Document holders can monitor the status of their account and view transaction history.
• Gold mastercard . This card provides customers with special privileges. It is valid in all countries to which the sphere of influence of MasterCard has spread . Document holders can take advantage of discounts and promotions (for example, bonuses when buying tickets). Gold MasterCard provides its owner with financial independence, wherever he is.
• Platinum mastercard . With this card, you can make various financial transactions. This document is a guarantee of comfort, reliability and safety. This is a premium class card, it is designed for wealthy clients. Document service is top notch, and cardholders enjoy unique offers and significant benefits. The document belongs to the category of international.
• World mastercard . Cardholders can take advantage of a wide range of services.
• World master card Black edition . This card has an original and elegant design. The "stuffing" of the document is also worthy of praise: the capabilities of the card can satisfy even the most demanding customers.
• World Elite mastercard . The possibilities for this card are endless. It can be used to pay for various services in all regions of the planet. The card is designed for privileged clients.

 

New service from MasterCard : a card in a mobile phone

MasterCard offers its customers a new service - Card in Smartphone. Thanks to it, the document holder can pay for goods and services in a contactless way. The algorithm is the following.

1. We check the amount on the cash register.
2. We touch the card or smartphone to the reader.
3. If the amount is more than 1 thousand rubles, you will need to enter a code or put your signature on the check.
4. The money is transferred to the account of the store.

Payment by MasterCard using this technology is very simple and convenient. You can pay in this way at all retail outlets and social institutions where there is a special logo. Contactless technology from MasterCard is used all over the world.

You can replenish the card balance through online banking, through a payment terminal, MasterCard service MoneySend or using the services of a mobile operator.

The contactless system is not inferior in reliability and security to other payment methods.

Ability to control financial transactions

When paying, the user does not hand over his phone to the cashier. The client can fully control the entire process: checks the amount on the terminal, monitors the transaction through the mobile application and controls the withdrawal of funds from the account.

Protection against duplication of payment transactions

The possibility that the client can pay twice for the purchase is completely excluded due to special protection. The fact that the payment has already been made is indicated by a sound signal and indicators that light up on the terminal. After the payment is confirmed, the reader is turned off.

Confidentiality

During the payment procedure, the screen of the mobile phone is very close to the terminal (approximately 2 cm), so no one around can see the information that is displayed on the monitor.

 

How is the payment done?

To trace the path of money from the client to the seller, consider the following scheme.

1. Transaction start. The customer chooses a product or service.
2. Authentication. The merchant “resells” the cash transaction to the acquirer , and in return receives a financial refund (minus the discount amount).
3. Coordination. At the next stage, the acquirer sends the transaction to the issuing bank for payment approval.
4. The bank pays. The bank makes a payment through the MasterCard mutual settlement system (with the transaction fee deducted).
5. Making a payment from the cardholder. Now it's the card account owner's turn: he reimburses the bank's expenses.

 

Financial security of clients

From the moment digital payments were developed, the financial security of citizens has been threatened by hackers and scammers. However, MasterCard customers can sleep peacefully: their savings are under reliable protection. Employees of the company are constantly working on improving the security system and periodically offer innovative ways of protection.

SecureCode . Protects payments when paying for goods purchased in virtual outlets.

Verification and verification of security passwords. Recently, cases have become frequent when a bank card is simply not available during a payment transaction. This is one of the signs of perfidious interference of scammers. Therefore, MasterCard offers to go through the payment document verification procedure, thanks to which entrepreneurs and buyers will feel more confident.

Risk control. The innovative GateKeeper 2.0 technology is able to prevent fraudulent activities by 100%. It provides multi-level protection.

 

masterpass

MasterCard offers its customers to use the MasterPass service , which is the link between online banking and virtual stores. Thanks to this service, you can quickly pay for purchases.

MasterPass is a simple payment system: one key to which several e-wallets or bank accounts are linked. Several trading sites can be linked to one account.

Using the service is incredibly easy. To do this, you need to decide on the purchase, press the button "Payment MasterPass ", select the wallet from which the funds will be debited. The system will "remember" the path to the electronic account, and when you perform the second procedure, it will immediately open the authorization page. However, if next time you want to pay for a purchase with a different wallet, you can easily change the settings.

At the moment, the MasterPass service is completely free. But if the purchase is made through contractors, then you will have to pay a commission fee.

MasterPass service via the Internet and mobile applications.