MasterCard was started by a collective of banks some of which predominately or are now known as……United California Bank, Wells Fargo Bank, Crocker National Bank, Union Bank of California, and various others. The banks created the card to compete against Bank of America’s card which later turned into Visa,,,,,,,,, what do you know? Well enjoy, reading the history of MasterCard. Click the link.
So apparently…Visa..actually got started by Bank Of America…as a debit card…that went out to several households in Fresno, California, in the 50’s. But did you know that the program was an initial flop….the person who was pushing the program the most had to resign…..but they just modified the program…and kept on going…….Read the History of Visa…..Here.