Demand for Security Solutions Helps Mastercard's Value-Added Services Revenues Climb 17%

For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient.And as management noted in a press release and on an earnings call discussing the fourth quarter of 2023, demand has been strong for security and authentication solutions that protect those transactions.Supplemental materials reveal that fourth-quarter gross dollar volumes were up 10% to $2.3 trillion.In the United States, debit and prepaid card spending was up 2.7% to $345 billion ...