1.VISA

VISA card refers to one of the international credit cards issued by any bank, and the other is

VISA with MASTER logo. Just like UnionPay in China, VISA International is the largest international credit card organization in the world at present. It is a non-profit international organization with the participation of banks all over the world, and its members are composed of banks and other financial institutions, establishing a global network of payment and financial services.

There are two major organizations in the world, VISA International and MasterCard International. If the card bears the VISA logo, it proves that the credit card has joined the VISA organization and can be used in the banking system under its network.

VISA is an international credit card organization. At present, VISA has its cooperative card-issuing banks and its own acquiring lines in most countries in the world. Credit cards marked with visa can be used in most countries in the world, no matter which country the card is issued by. VISA is no exception in China. All credit card-issuing banks are partners of VISA. VISA also has its own acquiring line in China.

UnionPay is a bank card organization in our own country. At present, UnionPay has also issued its own RMB single-currency credit card, which is universal in China, and can also be used at UnionPay POS machines and ATMs labeled with UnionPay outside China.

2.Mastercard

MasterCard (new york Stock Exchange, stock exchange code: MA) was established in 1966, and its global headquarters is located in new york in the eastern United States. As the world's leading payment company, MasterCard is committed to providing global consumers with a more convenient and efficient financial payment environment. MasterCard provides global business links for global financial institutions, governments, enterprises, merchants and cardholders through payment joining, processing centers and consulting services for the payment industry. With its MasterCard? 、Maestro? 、Cirrus? Brand, and credit cards, debit cards and prepaid cards as core products, as well as innovative multifunctional platforms, such as MasterCard PayPass? And MasterCard inControl? MasterCard continues to promote global business and provide services to consumers, governments and merchants in more than 21 countries and regions.

American financial institutions established an internationally accepted credit card system in the late 195s and early 196s, and it became popular all over the world. In 1966, some banks formed an organization called Interbank Card Association. In 1969, the Bank Card Association purchased the patent right of MasterCharge, and unified the name and style design of credit cards of various card issuers. In the following ten years, the original name of MasterCharge was renamed MasterCard.