Mastercard’s earnings results show that U.S. consumers continue to embrace credit cards for everyday spending. The supplemental materials provided by the payments network showed that gross dollar volumes were up 15%, to $2.1 trillion. In the U.S. volumes gained 9% to $673 billion. Drilling down...
Mastercard has launched a suite of solutions for female business owners in Latin America and the Caribbean. The solutions include access to financing, continuous education and a health program, Mastercard said in a Tuesday (April 11) press release. “With these resources, Mastercard aims to help...
Mastercard has debuted a tool to help financial institutions (FIs) simplify cross-border payments. Cross-Border Services Express lets FIs set up international payments for their customers, both consumers and small- to medium-sized businesses (SMBs), which have a need for better cross-border payment capabilities, according to a...
Mastercard says its days of using new plastic to make cards is near an end. The company announced in a Wednesday (April 5) press release it is speeding up its efforts to remove “first-use” PVC plastics from its payments card by 2028. “As our customers...
Mastercard has acquired security firm Baffin Bay Networks to help its business clients fend off cyberattacks. Based in Sweden, Baffin Bay “adds to Mastercard’s multi-layered approach to cybersecurity and helps to stop attacks, while mitigating exposure to risk across the ecosystem,” the payments giant said...
Slower volume growth is in the cards, but consumers are still spending. Mastercard’s latest earnings results show at least some nod to economic uncertainty that lies ahead, but the rise of digital payments, and contactless payments in particular, remains unimpeded. As CEO Michael Miebach noted...
Mastercard has added seven technology providers to its Engage partner network. Through the Engage network — which already included 150 partners — Mastercard connects businesses with qualified FinTechs and service providers that can deploy digital solutions at scale while leveraging the Mastercard Installments program, Mastercard...
“The headline,” Mastercard CEO Michael Miebach said, “is that consumer spending is resilient and cross-border travel continues to recover.” During the payment network’s third quarter earnings call on Thursday (Oct. 27), Miebach took note of the foundations of that resilience: Unemployment remains low, wages are...
Americans have made double-digit increases in their spending on travel, fuel and convenience, electronics and restaurants over the last year, Mastercard reported Friday (Oct. 7) in a press release about the latest Mastercard SpendingPulse. Overall U.S. sales excluding auto gained that much as well, with...
