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The suit was filed due to price fixing and other anti-competitive trade practices employed by Master Card and Visa.

The card was given a significant boost in 1969, when First National City Bank joined, merging its proprietary Everything Card with Master Charge.A new corporate tagline was introduced at the same time: "The Heart of Commerce".In August 2017, Master Card acquired Brighterion, a Delaware Corporation headquartered in San Francisco, California that provides a portfolio of artificial intelligence and machine learning technologies.Mastercard Worldwide has been a publicly traded company since 2006.Prior to its initial public offering, Master Card Worldwide was a cooperative owned by the more than 25,000 financial institutions that issue its branded cards.

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