What are visa and mastercard?

Visa and mastercard are introduced as follows:

1, visa is the largest credit card and bank check organization in the world. Visa's predecessor was the Bank of America Credit Card Company established in 1900. On 1974, Bank of America Credit Card Company established an international credit card service company in cooperation with some commercial banks in western countries, and officially changed its name to VISA International Organization on 1977.

MasterCard is the second largest international credit card organization in the world. Some banks in California established the InterbankCardAssociation at 1966, and introduced the name and logo of MasterCharge at 1970, and renamed it MasterCard again at 1978.

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