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MasterCard, originally known as Interbank/Master Charge was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc. From 1966 to 1979, MasterCard was called "Interbank" and "Master Charge".
Visa Inc. is an American multinational financial services corporation headquartered in Foster City, California, United States. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards and debit cards.
China UnionPay, also known as UnionPay, is the only domestic bank card organization in the People&rsquos Republic of China (PRC). Founded on March 26, 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People&rsquos Bank of China. It is also the only interbank network in China excluding Hong Kong and Macau, linking the ATMs of all banks throughout mainland China and widely accepted by the ATMs in Hong Kong and Macau.
PayPal Holdings, Inc. is an American company operating a worldwide online payments system. Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders. PayPal is one of the world&rsquoss largest Internet payment companies. The company operates as an acquirer, performing payment processing for online vendors, auction sites and other commercial users, for which it charges a fee.
Bank transfer or credit transfer is a method of electronic funds transfer from one person or entity to another. A bank transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. Different bank transfer systems and operators provide a variety of options relative to the immediacy and finality of settlement and the cost, value, and volume of transactions.