MASTER CARD Master card is a leading global technology company that gives consumers, businesses, merchants and government access to payments. It was founded 1966, master card gives access to consumer credit, prepaid and debit cards that make it faster and easier to be able to shop for everything, anywhere with more security and safety.
The global headquarters is located in O’Fallon, Missouri in the United States. Throughout the world, master card’s principal objective is to process payments among the banks of merchants and the card issuing banks.
What are credit cards? Credit cards gives consumer’s an easy oppurtunity in tracking of expenses which is necessary for monitoring personal and work related expenses for taxation and reimbursement purposes.
We are already using our fingers prints to unlock our phones, laptops and note books, so it makes sense that they are already coming to payment cards soon. Master cards has already begun finger prints enabled cards in some countries of the world, basically it’s a card with a chip and a sensor on it. The sensor itself reads your finger prints then the chip transmits the identification result, either if you are the person that can make the payment or not to the bank and therefore authorizes your transaction.
However if used irresponsibly, credit cards can lead to a long term debt and a very difficult financial situation, so it’s really important to know how to use and not use a credit card. Getting a credit card can be really confusing especially if you have never had one before.
However some caveat are that they usually block out dates redeeming miles so there are certain dates you can’t travel and also if you are going to get a credit card reward for miles you have to select airline carriers so you would only have to fly with that airline carrier.
Master cards helps in increasing the sales. The consumers spend more money when they are not restricted by cash on hand.
Short comings of master cards As master card is an easy way to pay for purchases the consumers can find themselves accumulating a large amount of debt quickly, interest rates on the cards varies and some can charge at an extremely high rate.