Mastercard results topped expectations, with a bounce in the top and bottom lines that came as transactions were up 14 percent year over year. The company’s net income came in at $0.96 a share on an adjusted basis, which topped the Street at $0.90. The...
Mastercard is mulling an entrance into the China market and could get its application in during 2016 to become a payment provider in what is expected to be the largest market by 2020. Ann Cairns, president of international markets, said in an interview with Reuters...
Mastercard said Thursday morning (July 21) that it has struck a deal to acquire the vast majority – at 92.4 percent – of VocaLink Holdings Ltd for $920 million, net of cash and estimated liabilities. The card giant said that the purchase price also allows...
Mastercard unveiled the latest iteration of its digital commerce push yesterday. Mastercard is leveraging its network so that any device and any operating system can connect any consumer with any merchant interested in serving up a commerce opportunity. Mastercard EVP James Anderson shares what it...
In an interview conducted with JPMorgan, offered via transcription by Seeking Alpha, Martina Hund-Mejean, chief financial officer of MasterCard, stated that overall, consumer spend is on par with expectations: “We are really not seeing much of a different behavior. The volumes are coming through the...
Funding for humanitarian services reached an all-time high last year, but unfortunately, there is still a severe gap between the aid available and the global need. “The only way to close that gap isn’t just to keep going back and asking for more funds but...
Talk about an eye-opener. Nearly nine out of 10 (86 percent) SMBs recently expressed concern about data security for their business, and more than two-thirds (67 percent) said they don’t have a great understanding of what data security means for their business. It’s then not all...
Last week, MasterCard announced some proposed changes coming to its board of directors. The company said its board has nominated Oki Matsumoto for election as an independent director at the annual meeting of its stakeholders scheduled to take place on June 28, 2016. If Matsumoto...
Brazil is tough, China is slowing, consumers are wary elsewhere — and yet, MasterCard beat estimates. Digital efforts and transactions showed strength, and MasterCard laid out how mobile and other initiatives are evolving here and abroad.
