1. visa
VISA card refers to an international credit card issued by any bank, one marked MASTER.
VISA is like UnionPay in China, and VISA International is the largest international credit card organization in the world. It is a non-profit international organization with the participation of banks all over the world. Its members are banks and other financial institutions, and it has established a global payment and financial service network.
There are two major organizations in the world, Visa International and MasterCard International. If the VISA logo is printed on the card, it proves that the credit card has joined the VISA organization and can be used in the banking system under its network.
VISA is an international credit card organization. At present, VISA has its cooperative issuing banks and its own acquiring banks in most countries around the world. Credit cards marked with visa, no matter which country issued them, can be used in most countries around the world. VISA is no exception in China. All credit card issuing banks are partners of VISA, and VISA also has its own acquiring bank in China.
UnionPay is a bank card organization in our own country. At present, UnionPay has also issued its own RMB single-currency credit card, which is common in China and can also be used on UnionPay POS machines and ATMs marked with UnionPay abroad.
2. MasterCard
MasterCard (new york Stock Exchange code: MA) was founded in 1966, and its global headquarters is located in new york in the eastern United States. As the world's leading payment company, MasterCard is committed to providing consumers around the world with a more convenient and efficient financial payment environment. MasterCard provides global business links for global financial institutions, governments, enterprises, merchants and cardholders through consulting services of payment joining, processing centers and payment industry. Use its MasterCard? Master? Cirrus? Brand, as well as credit cards, debit cards and prepaid cards as core products, as well as innovative multi-functional platforms, such as MasterCard PayPass? And MasterCard inControl? MasterCard continues to promote its global business, serving consumers, governments and merchants in more than 265,438+00 countries and regions.
American financial institutions established an internationally accepted credit card system in the late 1950s and early 1960s, which became popular all over the world. 1966, some banks formed an organization called Inter-bank Card Association. 1969 The Bank Card Association purchased the patent right of MasterCharge, and unified the credit card name and style design of each issuing bank. In the following ten years, MasterCharge's original name was changed to MasterCard.