Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows. The recent spate of earnings results from Mastercard and from Visa took note of the rise of alternative payment systems as money flows across...
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...
Mastercard has pointed to a “resilient” consumer, buoying the latest quarter’s results. But management noted on the conference call with analysts that spending is decelerating into October. Shares slipped 4% at the market’s open on Thursday (Oct. 26) after the earnings were released. Earnings materials...
“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...
February 26, 2020
A big change is coming to Mastercard, which will soon be marking the end of an era as its longtime CEO Ajay Banga departs from the role of CEO and moves on to the role of Executive Chairman, a position now held by Richard Haythornthwaite, on Jan. 1, 2021. Haythornthwaite has served as chairman since May 2006 and […]
April 12, 2017
Done deal. Mastercard’s proposed acquisition of U.K. payments technology firm VocaLink has received approval from regulators, with the deal expected to close in the coming weeks. As VocaLink looks to...
February 02, 2024
Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows. The recent spate of earnings results from Mastercard and from Visa took note of the rise of alternative payment systems as money flows across borders, digital channels and emerging use cases. To be sure, […]
March 08, 2018
As chief innovation officer Garry Lyons prepares to leave Mastercard, the company has announced that its physical and digital payments teams will be integrating into one organization. The structure change...
