Over the next decade, it continued to expand its operations, forming alliances with Euro Card and Access Card brands to enter the European market.īy 1979, the company adopted its current name, MasterCard, and has since grown to become one of the most widely used payment methods worldwide. In the late 1960s, the ICA rebranded to Master Charge and introduced the now-iconic orange and red logo, seeking to gain an advantage over its rival, BankAmericard. Founded in 1966 by a group of banks that formed the Interbank Card Association (ICA), the company has undergone several transformations over the years. MasterCard has come a long way since its inception in the early days of plastic payment card use in the USA.
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