Master card is an America multi-national financial services company. Is a payment network that processes payment between card issuers and the merchant bank and it has been existing since 1979 with headquarter in New york city United State of America .It partner with institution throughout the world to offer master card branded network payment card and when it partner with any institution , the institution become the issuance with the right to determine its term and condition as well as the benefit of the card .There are five principal actor involve in operation of the card ,they are the cardholder , the merchant ,bank ,isssuer and master card . Master card may either be credit , debit or prepaid card.
ADVANTAGE OF MASTER CARD
(1)It can be use for online payment .
(2) It has wider operational coverage .
(3) Very easy and to obtain and use .
(4)It can be use in payment and settlement of debt
(5)It is safer than carrying cash all around.
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