Mastercard Inc. beat quarterly profit estimates on Thursday as an uptick in international travel powered card spending and said a recent drag on cross-border travel from the Omicron variant was unlikely to persist. Increased vaccinations and easing pandemic-related curbs had backed a recovery in spending, but rising COVID-19 infections from the Omicron variant pressured cross-border…
MasterCard to Pay $43 Million for Breach of Anti-Competition Law
UK’s payment regulator has fined Mastercard, along with four other companies, for anti-competitive behavior in the prepaid cards market that could have resulted in higher prices paid by local authorities to distribute welfare payments among vulnerable members of society. On Tuesday, the Payment Systems Regulator (PSR) imposed fines totaling more than ($44.86 million) on the…
Retail Sales Jump During This Year’s Holiday Season: MasterCard
Holiday retail sales registered an 8.5 percent increase over the past year, according to a MasterCard report published Sunday, as the economy keeps on struggling with the highest inflation rates in almost forty years combined with product shortages. MasterCard SpendingPulse measures sales numbers from Nov. 1 through Dec. 24, and includes in-store and online retail…
Retail Sales Jump During The 2021 Holiday Season: Mastercard
Holiday retail sales registered an 8.5 percent increase over the past year, according to a Mastercard report published on Dec. 26, as the economy continues to struggle with the highest inflation rates in almost 40 years combined with product shortages. Mastercard SpendingPulse measures sales numbers from Nov. 1 through Dec. 24 and includes in-store and…
Mastercard Profit Beats as Easing Pandemic Curbs Lift Cross-Border Spending
October 28, 2021
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Mastercard Inc. reported better-than-expected profit for the fourth consecutive quarter on Thursday, as easing of pandemic-era restrictions drove a healthy recovery in cross-border spending and lifted domestic spending. Shares were up nearly 3 percent at $345 in premarket trading. After more than a year of staying homebound, customers have started venturing out for travel, dining,…
Mastercard Expands Cryptocurrency Services With Wallets, Loyalty Rewards
Mastercard Inc. said on Monday it would allow partners on its network to enable their consumers to buy, sell, and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under loyalty programs. The credit card giant said it would offer these services in partnership with Bakkt Holdings Inc., the digital…
NTD Business Full Broadcast (Oct. 25)
Democrats move forward with a plan to tax wealthy Americans on profits they’re yet to see. What’s a tax on unrealized capital gains? Tesla shares jump Monday, as it receives its biggest order ever from a single buyer—its market cap, crossing $1 trillion for the first time. Mastercard is expanding its bitcoin features. The company…
Mastercard Taps Into Buy Now, Pay Later Market With Latest Offering
Mastercard Inc. on Tuesday launched a buy now, pay later service, tapping into a market that is threatening to chip away at the dominance of credit cards as a main source of payments. The buy now, pay later sector got a boost during the COVID-19 pandemic as cash-strapped shoppers were attracted to the service due…
Mastercard Says Banks Must Show ‘Documented Consent’ For Adult Content Following Pornhub Controversy
MasterCard on April 14 announced it is changing its rules and standards for banks that process payments for sellers of adult content. The company announced the new rules in a blog post on Wednesday and said that banks will now have to ensure that sellers require “clear, unambiguous and documented consent” in adult content. “This month, we are extending our…
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