Mastercard is a global payment network that enables secure electronic transactions between consumers, businesses, and financial institutions. It partners with banks and financial institutions to issue branded credit, debit, and prepaid cards, allowing users to make purchases in stores, online, and abroad.
Widely accepted across millions of merchants worldwide, Mastercard provides advanced security features such as fraud protection and contactless payment options. While it does not issue cards directly, it supplies the payment infrastructure that financial institutions use to offer their own Mastercard-branded cards.
Every Mastercard has a unique 16-digit card number printed on the front or back, which is essential for processing transactions. Along with this number, the card includes an expiration date, a 3-digit CVV/CVC security code, and the cardholder’s name, all of which are required for secure transactions, especially online.
Mastercard operates through a secure global network that facilitates transactions between cardholders, merchants, and banks. When a Mastercard is used for a purchase, the payment request is sent to the issuing bank, which verifies the account balance or credit limit before authorising the transaction.
The company also supports mobile payment options through digital wallets like Apple Pay and Google Pay, making contactless payments seamless. Mastercard cards come in different types, including debit cards, credit cards, and prepaid cards, each with distinct spending and repayment mechanisms.
Mastercard is a convenient payment method for international travel due to its widespread acceptance. Foreign currency transactions are processed automatically, but exchange rates and potential fees depend on the issuing bank. Many Mastercard credit cards include travel perks such as insurance coverage and purchase protection, making them beneficial for global use.
Mastercard offers businesses a reliable and secure payment solution, whether for everyday transactions or international purchases. With a Mastercard business card, companies can streamline payments, manage expenses efficiently, and benefit from enhanced fraud protection.
Many business cards come with customisable spending limits and detailed transaction tracking, helping owners maintain control over cash flow while reducing the risk of unauthorised spending. Additionally, Mastercard’s global acceptance ensures smooth payments with suppliers and clients worldwide, often with competitive foreign exchange rates.
For businesses looking to improve financial flexibility, Mastercard credit cards can provide access to short-term financing, while debit and prepaid options help maintain strict budget control without accumulating debt.
The amnis Business Mastercard simplifies purchases and enables seamless management of multiple foreign currency accounts.
Maximise the benefits of your amnis Business Debit Card with the Mastercard Business Bonus Program – an exclusive perk designed to elevate your spending experience. You can enjoy discounted rates through global partnerships and access a variety of online tools, software solutions, project management resources, and more.
amnis offers a comprehensive platform for international banking, offering a range of tools in one place. Transfer money abroad, exchange currencies 24/7 and collect international money transfer with your own IBAN accounts supporting 20+ currencies. Founded in 2014 in Zurich, amnis is a regulated payment institution under the supervision of the Banking Supervision Section in Liechtenstein (FMA) within the EEA.