MasterCard Inc was incorporated as a Delaware stock corporation in May 2001. It is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of over 23,000 fin...ancial institutions and other entities that are its customers. It conducts its business mainly through subsidiaries, including MasterCard International Incorporated subsidiaries, including MasterCard International Incorporated provide payment solutions, including transaction processing and related services to customers principally in support of their credit, deposit access (debit), electronic cash and Automated Teller Machine (‘ATM’) payment card programs, and travelers cheque programs. Through its three-tiered business model as franchisor, processor and advisor, it deve...lops and markets payment solutions, process payment transactions, and provides support services to its customers and, depending upon the service, to merchants and other clients.The Company operate in the global payments industry which consists of all forms of payment including: Paper-personal checks, cash, money orders, official checks, travelers cheques and other paper-based means of transferring value; Cards-credit cards, charge cards, debit cards, stored value cards and other types of cards; and Emerging and Other Forms of Payment—wire transfers, electronic benefits transfers, bill payments, Automated Clearing House payments and payments using mobile devices, among others. The Company manages a family of well-known, widely accepted payment card brands, including MasterCard®, Maestro® and Cirrus® which it licenses to its customers. As part of managing these brands, it also establishes and enforces rules and standards surrounding the use of its payment card network. MasterCard offers a range of payment solutions to enable its customers to design, package and implement programs targeted to the specific needs of their customers, the cardholders. The payment programs, which are facilitated through its brands, include consumer credit and debit programs, commercial payment solutions, prepaid programs, contactless payment solutions and emerging technologies. MasterCard offers a number of consumer credit and charge programs that are designed to meet the needs of its customers. It offers customized programs to customers to address specific consumer segments. The consumer credit programs include Standard, Gold, Platinum,World Elite MasterCard® cards. MasterCard offers to customers' cards targeted to affluent consumers outside of the United States, such as the MasterCard Black™ card in Latin America, World and World Signia MasterCard® in Europe and World and Titanium MasterCard™ in Asia/Pacific, Middle East and Africa. Maestro is its global online debit program. MasterCard offers commercial payment solutions that help large corporations, mid-sized companies, small businesses and public sector organizations to streamline their payment processes, manage information and reduce administrative costs. The Company manages and promotes its brands for the benefit of all customers through brand advertising, promotional, interactive and sponsorship initiatives. Its marketing activities combine advertising, sponsorships, promotions, interactive media and public relations as part of an integrated package designed to increase consumer awareness of MasterCard and usage of MasterCard cards. The Company owns a number of valuable trademarks that are essential to its business, including MasterCard®, Maestro® and Cirrus®, through one or more affiliates. MasterCard programs competes Visa including American Express, Discover, UnionPay, JCB and PayPal, among others. Government regulation impacts key aspects of its business. It is subject to regulations that affect the payment industry in the many countries in which its cards are used.