Mastercard is a global financial services company that provides a wide range of financial transaction services that involve card issuance and payment processing. It’s primarily known for handling electronic payment transactions conducted between consumers using Mastercard branded credit, debit and prepaid cards issued by banks and credit unions and merchants.
Mastercard has existed for more 50 years. In 1966, it was founded as Interbank by several American bankcard associations. Bank of America had created its own bank-issued card, which it formerly called BankAmericard and that modern card users now know as Visa. Mastercard represented an attempt by later bankcard associations to become competitive in a growing market in which Bank of America had a monopoly since 1958 after it hid from the public its growing revenues for several years to convince other banks that they wouldn’t turn a profit if they offered their customers bankcards with credit and debit options.
Mastercard went through several name and logo changes over the years. From 1969 to 1974, it was also known as Master Charge. The logo, two overlapping circles, has changed at various points through the decades in terms of color and even number of circles. As of 2022, the Mastercard logo features overlapping red and yellow/orange circles. The company currently maintains two headquarters in the United States: Mastercard International Global Headquarters in Purchase, New York, and Global Operations Headquarters in O’Fallon, Missouri. It was owned at one point by over 25,000 card-issuing banks and other financial institutions as part of a cooperative. On May 25, 2006, it became a publicly traded company.
Many people know Mastercard by the advertising used to promote it: “There are some things money can’t buy. For everything else, there’s Mastercard.” In recent years, the advertising has also included mention of the word “priceless” to describe Mastercard services.
Mastercard problems today
Is the Mastercard network down today? On this page, you can find the latest problems involving Mastercard as reported by our users. Thanks to our technology, we are able to detect Mastercard outages in real-time and locate the exact location of the outages, as experienced by our users.
Check the statistics below to see if you are the only one experiencing problems with the Mastercard network in your area.
Most common problems reported in the last 48 hours
The table below shows the most frequent problems reported in the last 48 hours by Mastercard customers and merchants.
Are you currently experiencing problems with Mastercard? Share your thoughts, tips, and frustrations with others using the form below.