Interbank was the original name of which major financial services company?

Interbank was the original name of which major financial services company?

Interbank was the original name of the major financial services company now known as Mastercard. The organization was founded in 1966 by a consortium of several regional bankcard associations that joined forces to create the Interbank Card Association (ICA) to compete with the BankAmericard, which eventually became Visa.

In its early years, the network used a small, lowercase “i” symbol on its cards to signify that they were part of the Interbank system. By 1969, the association rebranded its primary product as “Master Charge: The Interbank Card,” featuring the now-iconic overlapping yellow and orange circles. It wasn’t until 1979 that the name was officially shortened to Mastercard to reflect its growing global identity and broader range of financial services beyond just credit charges.

Source:

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