Mastercard Incorporated (MA) collaborated with the payroll and merchant connectivity solutions provider, Atomic, in a bid to introduce two Open Banking solutions, which are likely to be available from 2024 as part of MA’s Open Banking platform. Its shares gained 0.3% on Jun 7.The new solutions, Deposit Switch and Bill Pay Switch, intend to provide an extensive suite of account opening and funding solutions through open banking, payroll and merchant data connections, which in turn, aims to streamline the onl ...

Mastercard Incorporated (MA) recently teamed up with the Polish e-commerce and omnichannel services provider, Empik, and the fintech company, PayEye, to introduce an in-store biometric payment pilot across Poland. Marking the first Biometric Checkout Program pilot in Europe, the pilot will enable the test of biometric payments through the usage of iris and facial recognition features at five specific Empik stores, Warsaw Westfield Mokotow, Wroclaw Bielany, Krakow Kazimierz, Poznan Posnania, and Czeladz M1.T ...

In the last year or so, I’ve noticed an interesting pattern involving JPMorgan Chase (NYSE:JPM), the largest U.S. bank. Specifically, CEO Jamie Dimon sounds rather fearful about the U.S. economy in his widely followed speeches, but the bank buys huge amounts of the stocks of many companies. For example, in February, Dimon told CNBC that he was “cautious about everything” and proclaimed that the chances of the U.S. entering a recession were over 50%. But in the first quarter of the year, JPMorgan greatly inc ...

Mastercard Incorporated (MA) recently announced that it has expanded its global Biometric Checkout Program with a new pilot at Tienda Inglesa's Red Expres in Uruguay. The move expanded its program in the Latin American market.The program enables customers to pay for their purchases with their palm, enhancing the checkout experience. This marks the second pilot in the Latin America region. Mastercard’s Biometric Checkout Program was launched in Brazil in 2022 and penetrated the Asia Pacific region in 2023. I ...

Mastercard Incorporated (MA) recently announced its partnership with Ant Group and a host of other international partners to launch the International Consumer Friendly Zones program in Shanghai. This initiative marks a significant leap forward in enhancing the travel experience for global visitors in China while driving growth for local businesses.This move bodes well for Mastercard as by expanding payment options for foreign travelers in China, it will see improved transaction volumes. This partnership wit ...

These companies have a record of delivering market-beating returns, and they offer great prospects for more.Beating the market is a goal of almost every investor. To stack the odds in your favor, it's not enough to simply choose industry leaders. It usually works to stick with companies growing revenue and profits at above-average rates compared to the typical company in the S&P 500 index.Since 1985, the S&P 500 has delivered median annualized earnings growth of 11.8%, according to LSEG Datastream. This is ...

Mastercard Incorporated (MA) recently introduced the Mastercard Wholesale Program, a B2B payment product, in the Middle East region in partnership with HSBC Middle East. With the help of the virtual card-based program, HSBC’s travel merchant clients will see smooth automation of buyer and supplier payments.This initiative extends the steady partnership between the two companies. Utilizing virtual cards, travel organizations will be able to digitize their payment process, which will likely enhance security i ...

Visa and Mastercard will pay $197 million to end a class action suit centered on ATM fees.According to court papers filed Wednesday (May 29), the two payments giants have agreed to settle the case, brought by consumers who withdrew cash from bank-operated ATMs, and who accused the companies of anti-competitive behavior by agreeing to control ATM prices and hinder competition between ATM networks.Writing in the court filing, the plaintiffs’ lawyers called the settlement “an excellent result” for their client ...

Mastercard Incorporated (NYSE:MA) Bernstein Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Sachin Mehra - Chief Financial Officer Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good afternoon, everyone. I'm Harshita Rawat, Bernstein Senior Analyst covering payments, and I'm delighted to be joined today by Sachin Mehra, Mastercard CFO. Sachin, thank you so much for joining us today. Sachin Mehra Thank you for having me here, Harshita. Question-and-Answer S ...

Mastercard Incorporated (NYSE:MA) Bernstein Strategic Decisions Conference May 29, 2024 1:30 PM ET Company Participants Sachin Mehra - Chief Financial Officer Conference Call Participants Harshita Rawat - Bernstein Harshita Rawat Good afternoon, everyone. I'm Harshita Rawat, Bernstein Senior Analyst covering payments, and I'm delighted to be joined today by Sachin Mehra, Mastercard CFO. Sachin, thank you so much for joining us today. Sachin Mehra Thank you for having me here, Harshita. Question-and-Answer S ...