总体而言，瑞银认为万事达美国的三项主要业务转型(Capital One Debit、Citizens Debit、Wells Fargo SMB商业贷款)将在峰值时期导致万事达卡美国业务量下降约300至400个基点(2026年第二/三季度，具 体取决于Capital One Debit的速度)。作为参考，Citizens Debit业务从Visa迁移至万事达卡始于2024年 初，耗时6个月完成全面转换，2023年其业务量约为420亿美元，根据尼尔森的数据，占万事达卡2023年 美国业务量的1.6%/美国借记卡的3.5%。同样，富国银行的小企业商业信贷业务在2024年第二季度完全 迁移至万事达卡(在2022年第一季度收益电话会议上宣布了这一消息，尽管大部分迁移工作在2024年上 半年完成)，2022年其业务量总计约190亿美元(根据尼尔森的数据，占万事达卡2022年美国业务量的 0.8%/美国信贷的1.5%)。最后，Capital One Debit业务组合于6月开始迁移(早期试点阶段仅涉及部分用 户)，预计将在2026年初分阶段迁移到Discover Network(届时所有借记卡交易将全部在Discover ...

Core Viewpoint - The recent removal of adult games from Steam has broader implications for the gaming industry, highlighting the influence of payment processors on content availability and developer survival [1][10][21]. Group 1: Steam's Actions - Steam has historically maintained strict controls over adult content, but the recent mass removal of games was unexpected and extensive [1][2]. - Following the removals, developers began altering game titles to avoid being flagged [2][3]. - On July 16, Steam updated its guidelines to include a new rule that requires compliance with the standards set by payment processors like Visa and Mastercard [10][11]. Group 2: Collective Shout's Influence - The organization Collective Shout claimed responsibility for the pressure on Steam, leveraging its influence to impact payment processors [3][5]. - Collective Shout has a history of successfully advocating against games perceived as promoting violence against women, such as GTA5 [5][21]. - The organization sent over 1,000 emails to credit card companies, arguing that certain games normalize abuse and exploitation, which pressured these companies to act against Steam [7][8]. Group 3: Payment Processors' Role - Payment processors are primarily concerned with risk management and brand protection, leading them to distance themselves from adult content [14][19]. - The lack of clear standards from payment processors means that game removals can appear arbitrary, influenced by public outcry rather than consistent criteria [21][26]. - The situation raises concerns about the power of payment processors to dictate what content is available to consumers, potentially leading to broader censorship [21][26]. Group 4: Community Response - Players have begun to organize against the influence of payment processors, with petitions gathering around 200,000 signatures, significantly outnumbering Collective Shout's support [28][31]. - The International Game Developers Association has called for greater transparency and fairness in content moderation, though its impact remains uncertain [35][37]. - The ongoing situation reflects a growing discontent with the power dynamics between content creators, platforms, and payment processors, suggesting potential future shifts in the industry [37].

Stablecoin Adoption - Visa and Mastercard indicate stablecoin usage is negligible and poses no immediate threat to their market dominance [1] - The current scale of stablecoin usage is significantly lower than Visa's $15 trillion annual transaction volume [1] Market Suitability - Visa and Mastercard suggest stablecoins are better suited for countries with unstable fiat currencies [1]

Mastercard Inc. MA reported stronger-than-expected second-quarter results on Thursday, prompting a wave of upward revisions from Wall Street analysts who cited accelerating growth in value-added services (VAS) and solid international volume trends as key drivers of future performance.The payments giant reported adjusted revenue of $8.13 billion and earnings per share of $4.15, beating consensus estimates. Total net revenue rose 16% year-over-year, while VAS revenue climbed 23% on a reported basis and 22% in ...

Mastercard Incorporated MA reported better-than-expected second-quarter financial results on Thursday.The company reported quarterly net revenues of $8.13 billion, up 17% year-over-year and 16% Y/Y on a neutral currency basis, beating the analyst consensus estimate of $7.95 billion. Adjusted EPS rose 16% Y/Y to $4.15, exceeding the analyst consensus estimate of $4.02.Mastercard expects net revenue growth in the high teens for the third quarter, versus the $8.29 billion analyst consensus estimate. The compan ...

Mastercard Incorporated (NYSE: MA ) reported its Q2 ‘25 financials , another quarter of double-digit growth - proving once again why I think it’s quite possibly the market’s “perfect stock.” While analysts are conflicted as to the company’s valuation, I see Mastercard asRick is a Wall Street Journal best-selling author with over 20 years of experience trading stocks and options. The most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, F ...

智通财经APP获悉，加密货币热潮正加剧美国信用卡双头垄断格局的不确定性。Visa(V.US)与万事达卡(MA.US)高管在近期财报电话会议中，首次面对可能 加速稳定币普及的新立法环境，普遍淡化美元挂钩数字货币对自身支付网络的潜在威胁。尽管两家公司凭借稳定的利润表现和强劲的估值水平为市场提供了 一定安慰，但稳定币运营商Circle Internet Group(CRCL.US)市值突破400亿美元的飙升态势，仍揭示着资本市场对支付领域变革的期待分歧——两组投资者难 以同时保持正确判断。 历史经验显示信用卡巨头具备较强韧性。二季度Visa净利润增长8%至53亿美元，万事达卡增长14%至37亿美元，双双超出分析师预期。依托在美国约70%购 物交易的处理份额(尼尔森数据)，其网络普及率与可靠性构筑了抵御Venmo等新兴支付应用的护城河。 尽管稳定币当前交易规模相较信用卡网络(约15万亿美元年处理量)仍显渺小，且主要应用于法定货币波动剧烈的新兴市场，但单笔费用下降趋势已暴露传统 支付体系的脆弱性。沃尔玛等大型商家开始探索代币支付方案，更预示着变革压力的累积。 目前Visa与万事达卡通过咨询等增值服务部分对冲了收入损失， ...

mastercard (3.5b users) + swift (11.5k banks) + turkish bank misyon all building on chainlink infrastructure this month. tradfi isn't buying crypto, they're becoming crypto ...

Mastercard shares rose modestly Thursday after the firm reported better second-quarter results than analysts had expected. https://t.co/E6nBBnu3gh ...

Key Takeaways Mastercard Incorporated (MA) reported second-quarter 2025 adjusted earnings of $4.15 per share, which surpassed the Zacks Consensus Estimate by 2.5%. The bottom line improved 16% year over year. Net revenues advanced 16.8% year over year to $8.1 billion. The top line beat the consensus mark by 1.9%. The strong quarterly results reflect benefits from increased gross dollar volume, cross-border volumes, strong demand for value-added services and growth in transactions due to robust consumer spen ...