What is the difference between visa and mastercard? Which one is better, visa or mastercard? What do visa and mastercard mean respectively? Card friends may be confused when they first see these two words. Below Let me introduce them to card friends.
What do visa and mastercard mean?
What is the difference between visa and mastercard? Which one is better, visa or mastercard? What do visa and mastercard mean? Card friends just You may be confused when you see these two words. Let me introduce them to card friends.
Visa introduction:
Visa, also translated as Visa and Weixin, is a credit card brand operated and managed by Visa International Organization located in San Francisco, California, USA. VISA card began to be issued in 1976. Its predecessor was BankAmericard issued by Bank of America. On August 31, 2012 local time, the World Trade Organization (WTO) released information that China had given up its appeal on the WTO UnionPay case and VISA would be allowed to issue cards in China.
Introduction to mastercard:
Mastercard International created an internationally accepted credit card system from the late 1950s to the early 1960s, which soon became popular around the world. In 1966, an organization (Interbank Card Association) was formed. In 1969, the Interbank Card Association purchased the patent rights of MasterCharge and unified the credit card names and style designs of various card issuers. In the following ten years, the original name of MasterCharge was changed to MasterCard. Mastercard International is a non-profit association of financial institutions around the world, including commercial banks, savings and loan associations, and credit unions.