Dictionary of Banking Terms: mastercard international
mastercard international
member-owned nonprofit corporation that licenses financial institutions to issue MasterCard bank cards and market related products and services. Its principal assets are the MasterCard trademarks; a global communications network, BankNet, for authorization and settlement of bank card transactions for member banks; and a nationwide Automated Teller Machine network, Cirrus System Inc. Member banks issue MasterCard credit cards and MasterMoney debit cards.
