Whois & Analysis for masterpass.com

Mastercard Incorporated or Mastercard Worldwide is an American multinational financial services corporation headquartered in the MasterCard International Global Headquarters, Purchase, New York, United States, in Westchester County.

The Global Operations Headquarters is located in O'Fallon, Missouri, United States, a suburb of St. Louis, Missouri.

Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the "Mastercard" brand debit and credit cards to make purchases.

Mastercard Worldwide has been a publicly traded company since 2006.

Prior to its initial public offering, MasterCard Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.

A digital wallet refers to an electronic device that allows an individual to make electronic transactions.

This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store.

An individual's bank account can also be linked to the digital wallet.

They might also have their driver’s license, health card, loyalty card(s) and other ID documents stored on the phone.

The credentials can be passed to a merchant’s terminal wirelessly via near field communication (NFC).

Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate the holder's credentials.

For example, a digital-wallet could potentially verify the age of the buyer to the store while purchasing alcohol.

The system has already gained popularity in Japan, where digital wallets are known as "wallet mobiles".

The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed.

At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment.

It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service.

After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.

A consumer is a person or organization that uses economic services or commodities.

In economic systems consumers are utilities expressed in the decision to trade or not.

A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

In law, the payer is the party making a payment while the payee is the party receiving the payment.

In trade, payments are frequently preceded by an invoice or bill.