Mastercard occupies a prominent spot in the casino industry due to its widespread usage, state-of-the-art security measures, and flexible payment limits.
History
Founded in the 1940s as a joint venture between several leading U.S. companies, Mastercard was the first to offer customers specially-issued cards that could be used in local stores. Then, in 1966, one of the groups formed the Interbank Card Association (ICA), which became known as Mastercard International in the 1970s.
Over the next few decades, Mastercard made considerable strides in the financial sector, such as the purchase of the Cirrus ATM network and the launch of the first Maestro card in 1985, setting in motion the world’s first online point-of-sale debit network.
Mastercard went public in 2006, after which the company made several acquisitions that led to an expansion across 210 countries and territories.
In 2019, the company even dropped the Mastercard name from its logo and switched completely to the interlocking yellow and red circles that reflect the company’s desire to operate seamlessly across the financial landscape dominated by the digital revolution.
