Mastercard builds a safer payments ecosystem with a fourth-party risk monitoring program

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<dateIssued>2021</dateIssued>
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<abstract displayLabel="Summary">As one of the world's largest payments technology providers, with links to issuing and acquiring banks, merchants, service providers, and other entities across geographies, Mastercard has a highly complex operational ecosystem. On the one hand, the company deals with its own partners and vendors, who support its business operations, and help the payments giant achieve its business strategy. Mastercard has a direct relationship with these third parties through contracts. On the other hand, the company deals with a rapidly growing digital network of fourth parties, including processors, data storage entities, digital wallet operators, and payments facilitators who provide services to Mastercard's licensed customers. These fourth parties don't have a direct relationship with Mastercard but are instrumental to the payments ecosystem</abstract>
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