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Mastercard CEO Says Seeing Some Positive Trends, Both In Terms Of The Trajectory Of Spending And The Acceleration Of Digital Payments- Conf Call
Mastercard Reports Q3 Diluted EPS Of $1.51
Mastercard Says Through Week Ending Oct 21, Switched Transactions Up 5%
Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. The Company's products include consumer credit, consumer debit, prepaid and commercial. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing solutions.
Consumer Financial Services
2000 Purchase St
Richard N. Haythornthwaite
Chairman of the Board
Ajaypal Singh Banga
Chief Executive Officer
Ann M. Cairns
Vice Chairman of the Board
Sachin J. Mehra
Chief Financial Officer
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Total Debt To Equity (MRQ)
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Visa Inc <V.N> missed Wall Street estimates for fourth quarter profit on Wednesday, as high unemployment due to the coronavirus-induced recession continued to weigh on consumer spending.
Mastercard Inc said on Wednesday it does not expect a pickup in overall travel spending anytime soon, warning that a recovery in cross-border volumes would be tied to the timing and the availability of COVID-19 vaccines.
Mastercard Inc reported a 28% slump in quarterly profit on Wednesday as fewer people used its cards to shop, travel and pay bills during the COVID-19 pandemic.
EU antitrust regulators on Monday cleared Mastercard's <MA.N> bid to buy part of Scandinavian payments group Nets after the companies agreed to sell a Nets technology to a rival to boost competition in the market.
Brazil's central bank has authorized testing of payments via Facebook Inc's messaging service WhatsApp in the country, Visa Inc and Mastercard Inc said on Friday, easing an outright ban on the service imposed last month.
Brazil's central bank has authorized testing of payments via Facebook Inc's messaging service WhatsApp in the country, Visa Inc and Mastercard Inc said on Friday.
Mastercard Inc's <MA.N> quarterly profit beat analyst estimates on Thursday, as lower costs softened the blow from fewer people using the payment processor's cards during the coronavirus pandemic.
Mastercard Inc on Thursday reported a 30% slump in quarterly profit as fewer people used its cards during the COVID-19 pandemic, hitting spending volumes for the payment processor.
Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.
EU antitrust regulators will decide by Aug. 3 whether to clear Mastercard Inc's bid for part of Scandinavian payments group Nets, according to a European Commission filing.
Facebook Inc <FB.O> messaging service WhatsApp said on Thursday that Brazil's central bank had said it intended to find a way to restore the payments service in the country by working with Visa Inc <V.N> and Mastercard Inc <MA.N>.
Brazil's central bank ruled on Tuesday that Visa and Mastercard must suspend launching payments and transfers on Facebook's WhatsApp in the country, or must cease such operations immediately, according to a statement.
Mastercard Inc said on Tuesday it would buy Finicity in a deal valued at $825 million, adding a fintech firm that helps banks share customer data with other financial firms.
Britain's highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa <V.N> and Mastercard <MA.N> restricted competition in the way they set fees for retailers, opening the way for them to seek compensation.
Mastercard Inc <MA.N> will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive told Reuters on Wednesday.
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Mastercard Inc <MA.N> said it expects consumer spending to gradually return to "pre-COVID" levels as people start using their cards again on clothing and domestic travel with countries easing lockdown measures that have brought the world to a standstill.
Mastercard Inc reported a 7% decline in its quarterly profit on Wednesday as costs such as rebates and incentives rose but revenue rose as the dollar volume of transactions processed rose.
EU antitrust regulators on Monday said Mastercard Inc's <MA.N> plan to buy part of Scandinavian payments group Nets is a significant threat to competition in Europe based on information from six countries including Britain.
Mastercard said on Monday that it hopes to complete its acquisition of a part of Scandinavian payments group Nets before the end of the second quarter despite scrutiny of the deal by the European Commission at the request of six countries.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.