Mastercard

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Group.png Mastercard  
(Financial institutionSourcewatchRdf-entity.pngRdf-icon.png
Mastercard.png
Formation1966
HeadquartersNew York
Member ofBetter Than Cash Alliance, Business Roundtable, Council on Foreign Relations/Corporate Members, World Economic Forum/Strategic Partners
Membership• Richard Haythornthwaite
• Ajay Banga
• Steven J. Freiberg
• Julius Genachowski
• Choon Phong Goh
• Merit E. Janow
• Oki Matsumoto
• Rima Qureshi
• José Octavio Reyes Lagunes
• Youngme Moon
• Gabrielle Sulzberger
• Lance Uggla
• Mark Schwartz
• David R. Carlucci

Mastercard Incorporated is an American multinational financial services corporation headquartered in New York. Together with Visa, it has created a duopoly in many financial services.

Activities

In 2010, WikiLeaks published documents showing that American authorities lobbied Russia to defend the interests of Visa and Mastercard[1].

In response, in December 2010, Mastercard blocked all payments to WikiLeaks with claims that they engage in illegal activity.[2].

Extrajudicial reach

Members of the European Parliament have expressed concern that payments from European citizens to a European corporation could apparently be blocked by the United States, and called for a further reduction in the dominance of Visa and Mastercard in the European payment system.[3]

Corporate branding of all Nigerian ID Cards

In 2014, pursuant to an agreement between Mastercard and the Nigerian Government, acting through the National Identity Management Commission, the new Nigerian ID cards will bear the Mastercard logo, contain personal database data and double as payment cards, irrevocably linking such payments to the individuals[4].


References