I applied through university. The process took 4 weeks. I interviewed at Mastercard (Arlington, VA) in Nov 2016
Interview
I initially met them at a career fair at my university. A week later, they interviewed me in person, on campus. I met with one of their engineers and he asked me one extended question. There were some aspects I didn't know about, but I told him that I didn't know, and he simply moved on to something I might know. A few weeks later they invited me to their office for the final interviews, and there were a series of 4 or 5 technical interviews. The questions were pretty standard design/algorithms fair.
Interview questions [1]
Question 1
Design a news feed aggregator where the user has subscribed to a number of feeds but the total content of those feeds is much higher than the user actually wants to consume.
I applied through university. The process took 1 day. I interviewed at Mastercard (Pittsburgh, PA) in Oct 2017
Interview
Interview from school career fair. Was contacted the day after the career fair to interview. Standard technical interview with questions first asking about resume experience, then diving into puzzle/algo/ds question. Got detailed comments from recruiter after.