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Mastercard Foundation Appoints Zein M. Abdalla As Board Chair
Mastercard Inc - Switched Volume Continues To Show An Improving Trend Since The Week Ending May 28
Mastercard To Acquire Finicity To Advance Open Banking Strategy
Mastercard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company provides a range of products and solutions that support payment products, which customers can offer to their cardholders. The Company's services facilitate transactions on its core network among account holders, merchants, financial institutions, businesses, governments and other organizations in markets globally. The Company's products include consumer credit, consumer debit, prepaid and commercial. It also provides integrated offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing solutions.
Consumer Financial Services
2000 Purchase St
Richard N. Haythornthwaite
Chairman of the Board
Ajaypal Singh Banga
Chief Executive Officer
Ann M. Cairns
Vice Chairman of the Board
Sachin J. Mehra
Chief Financial Officer
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Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.
EU antitrust regulators will decide by Aug. 3 whether to clear Mastercard Inc's bid for part of Scandinavian payments group Nets, according to a European Commission filing.
Facebook Inc <FB.O> messaging service WhatsApp said on Thursday that Brazil's central bank had said it intended to find a way to restore the payments service in the country by working with Visa Inc <V.N> and Mastercard Inc <MA.N>.
Brazil's central bank ruled on Tuesday that Visa and Mastercard must suspend launching payments and transfers on Facebook's WhatsApp in the country, or must cease such operations immediately, according to a statement.
Mastercard Inc said on Tuesday it would buy Finicity in a deal valued at $825 million, adding a fintech firm that helps banks share customer data with other financial firms.
Britain's highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa and Mastercard restricted competition in the way they set fees for retailers, opening the way for them to seek compensation.
Mastercard Inc <MA.N> will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive told Reuters on Wednesday.
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Mastercard Inc <MA.N> said it expects consumer spending to gradually return to "pre-COVID" levels as people start using their cards again on clothing and domestic travel with countries easing lockdown measures that have brought the world to a standstill.
Mastercard Inc reported a 7% decline in its quarterly profit on Wednesday as costs such as rebates and incentives rose but revenue rose as the dollar volume of transactions processed rose.
EU antitrust regulators on Monday said Mastercard Inc's plan to buy part of Scandinavian payments group Nets is a significant threat to competition in Europe based on information from six countries including Britain.
Mastercard said on Monday that it hopes to complete its acquisition of a part of Scandinavian payments group Nets before the end of the second quarter despite scrutiny of the deal by the European Commission at the request of six countries.
The European Commission has been asked by six European countries to look at Mastercard Inc'S bid for a majority stake in the corporate services businesses of Scandinavian payments group Nets over competition fears, it said on Monday.
* MASTERCARD FOUNDATION REPORTS 11.2% PASSIVE STAK IN MASTERCARD INC AS OF DECEMBER 31, 2019 - SEC FILING Source : (http://bit.ly/33k0MhB) Further company coverage:
Mastercard Inc <MA.N> closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee was diagnosed with coronavirus.
* MASTERCARD SAYS CONFIRMS THAT EMPLOYEE IN SAO PAOLO OFFICE HAS BEEN DIAGNOSED WITH CORONAVIRUS
Mastercard Inc closed its office in Sao Paulo and an annex location near its headquarters in New York after an employee contracted coronavirus, Bloomberg news reported https://www.bloomberg.com/news/articles/2020-03-06/mastercard-shuts-two-offices-after-worker-contracts-coronavirus...
* MASTERCARD SHUTS OFFICE IN SAO PAULO AND AN ANNEX LOCATION NEAR ITS HEADQUARTERS IN NEW YORK AFTER AN EMPLOYEE CONTRACTED CORONAVIRUS - BLOOMBERG NEWS Source text: https://bloom.bg/2wDa7oE Further company coverage:
Poland's biggest oil refiner, PKN Orlen <PKN.WA>, has sued Commerzbank-owned <CBKG.DE> mBank <MBK.WA>, along with Mastercard <MA.N>, Visa <V.N> and another bank, for 636 million zlotys ($162.07 million) in damages relating to interchange fees charged in the mid-2000s, mBank...
Mastercard Inc said on Monday its net revenue in the first quarter will likely take a hit of between 2 and 3 percentage points if the coronavirus outbreak persists through the quarter.
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