Founded in 1966, Mastercard is a global technology company in the payments industry. It provides payment processing products and solutions, and related consulting services. It serves consumers and businesses in the United States and internationally. The company offers credit, debit, prepaid, personal, commercial, chip, and contactless cards; loyalty and reward solutions; and cardholder benefits and services. It also provides payment processing solutions; and payment security and fraud management solutions to monitor, detect, and fight fraud through the transaction lifecycle. In addition, it offers payment-focused consulting, information, and outsourcing services to financial institutions and merchants; and franchising activities.