CardWeb.com Reports MasterCard Now Largest U.S. Credit Card Brand in Terms of Cards Issued.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--Dec. 11, 2002 MasterCard International now has more credit cards in force in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. than Visa, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CardWeb.com Inc., which describes this event as occurring "for the first time in the credit card industry's history." CardWeb.com is a leading online publisher of information pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to all types of payment cards. As of the end of September 2002, MasterCard had 264.2 million credit cards in force in the United States, which CardWeb.com compares to Visa's 259.0 million credit cards. The number of MasterCard credit cards in the United States grew by more than 15 percent compared to the end of September 2001. CardWeb.com describes Visa's credit card base growth at about 1.5 percent annually. "Without a doubt, 2002 has been a defining year for MasterCard in the United States. The milestone reported by CardWeb.com is the result of the payment card strategy we implemented several years ago," said Ruth Ann Marshall, president of MasterCard North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . MasterCard has focused on providing exceptional customer service, enhanced technological capabilities, unrivaled acceptance, and customized payment solutions for our member financial institutions in the United States. These efforts, coupled with the sustained momentum of our Priceless(R) advertising campaign and the singular quality of our people, continue to drive our success." In the first nine months of this year, cardholders in the United States used MasterCard-branded credit cards for almost 3.4 billion purchase and cash transactions generating $354.3 billion in gross dollar volume (GDV GDV gastric dilatation/volvulus. ). This amount represents a 16.6 percent increase from the same period last year. CardWeb.com Inc. is a leading online publisher of information pertaining to all types of payment cards, including credit cards, debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. , smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. , prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. cards, ATM cards An ATM card (also known as a bank card, client card, or cash card) is an ISO 7810 card issued by a bank, credit union or building society.Its primary uses are: About MasterCard International MasterCard International has a comprehensive portfolio of well-known, widely accepted payment brands including MasterCard(R), Cirrus(R) and Maestro(R). More than 1.7 billion MasterCard, Cirrus and Maestro logos are present on credit, charge and debit cards in circulation today. With approximately 25,000 MasterCard, Cirrus and Maestro members worldwide, MasterCard serves consumers and businesses, both large and small, in 210 countries and territories. MasterCard is a leader in quality and innovation, offering a wide range of payment solutions in the virtual and traditional worlds. MasterCard's award-winning Priceless advertising campaign is now seen in 90 countries and in 45 languages, giving the MasterCard brand a truly global reach and scope. With more than 29 million acceptance locations, no payment card is more widely accepted globally than MasterCard. For the nine months ended September 30, 2002, gross dollar volume exceeded US$831.7 billion. MasterCard can be reached through its website at http://www.mastercardinternational.com. All third-party program and service names are trademarks or registered trademarks of their respective owners. |
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