About Credit/Debit cards types


Visa Inc. is American multinational financial services corporation. The main office is located in San Francisco, California, USA. Visa is a global payments company that provides electronic transfers of money all over the world, most commonly through Visa-branded credit and debit cards. Visa Inc. was founded in 1976.

Visa Inc. provides financial centers with branded payment products of Visa company that they then use to offer debit, credit, prepaid and cash-access programs to their customers. Visa does not provide issuing cards, supply credit or set up rates and fees for consumers. One of the branded payment products of Visa is card which is well-known to you.

The volume of processed operations and quantity of consumers impresses by incredibly increased volume. In 2010 Visa Inc. global network (known as VisaNet) processed 67 billion transactions with a total volume of $5.2 trillion.

Visa operated across Central and South America, Caribbean, North America, Asia-Pacific, Central and Eastern Europe, Middle East and Africa, in general it is more than in 200 countries and territories, enabling people to use digital currency instead of cash and checks. Since 1986Visa Inc. has been a worldwide sponsor of the Olympic Games and is the only card which is accepted at all Olympic places.

Visa offers three types of cards: credit, debit and prepaid.

Credit cards
Visa credit cards allow their owners easily, conveniently and safety make purchases, offer you the availability to pay bills, travel all over the world or get cash worldwide. Cards are accepted in more than 200 countries.

In addition, Visa credit cards are widely used on the Internet Network. Credit cards meet all the necessary safety requirements and make it possible for their consumers to use a wide range of additional services.

Visa credit cards are accepted at millions of locations, so you can use them for almost everything you would want, including: dining and entertainment, bill payments, online books, music, movies and etc.

Debit cards
Visa debit cards help their owners to make purchases, pay bills and make purchases on the Internet easy, fast and safe, as with credit cards. Visa debit cards are perfect for those who meet payment cards for the first time and doesn't have banking history.

The debit card which is attached to the debit account, allows its owner to track completed transactions specified usually in the monthly bank statement, also it allows to control expenses better.

Prepaid cards
Visa cards banks-issuers have the opportunity to offer their customers prepaid Visa cards with prepaid limit. This type of card does not imply presence of the constantly replenished bank account and it is generally intended for small and daily purchases. Prepaid cards can be virtual, with a magnetic strip and with an integrated chip. As for Visa Virtual: it is virtual card exclusively for usage on the Internet.

In 1999 year was the first time when virtual card was issued, it was in Kuwait. Visa Virtual card has its own number and expiration date. It is impossible to use this card at the regular store, because there are no regular card features on it, such as magnetic strip, trademark of the payment system and a place for signature. So Visa Virtual card is a perfect addition to the existing Visa card.


MasterCard is the international financial services corporation. The headquarters are located in New York, USA. MasterCard Inc. was founded in 1966, nowadays service of electronic transfers works worldwide. MasterCard, inherently is known as Master Charge.

Company was created by several banks in California. MasterCard's main 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. Mastercard gets involved in the sponsorship of many world sport events, such as the UEFA Champions League, the Canadian Hockey League's Memorial Cup, the PGA Tour's Arnold Palmer Invitational Presented by MasterCard.

From the earliest days of credit cards existence to the wireless payment options nowadays, MasterCard Worldwide has induced the industry in guiding this evolution. Being at the heart of commerce MasterCard makes commerce easier, more seamless, faster and more secure by bringing insight and innovation into the payments process.

In 2001 MasterCard had implemented significant changes in the structure that showed a new expectation for the company. In 2002 MasterCard Worldwide integrated with Europay International, it allowed to establish a united global corporate structure . After integration it became a private share corporation.

MasterCard also offers credit, debit and prepaid cards to their consumers. These cards are divided into different types such as standard, gold, platinum, world credit MasterCards, gift cards or travel cards, for example.

MasterCard Worldwide continues to provide a unique combination of expertise and globally integrated resources that the company uses to deliver value to those who have chosen MasterCard services. MasterCard company always brings innovative and growing range of products/services.

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