Mastercard Incorporated Stock Price, News & Analysis

Mastercard (NYSE:MA) announced the preliminary results of its annual meeting of stockholders. Twelve directors were elected for one-year terms. Shareholders approved the executive officers' compensation on an advisory basis and ratified PricewaterhouseCoopers as the independent auditor for 2024. None of the five stockholder proposals were approved. Final voting results will be filed with the SEC on a Form 8-K and posted on Mastercard's Investor Relations website.

Mastercard's Board of Directors has declared a quarterly cash dividend of 66 cents per share. The dividend is payable on August 9, 2024, to all holders of record of its Class A and Class B common stock as of July 9, 2024.

Mastercard will participate in London Climate Action Week on June 25, 2024. The event will feature flash-panel discussions with organizations like ReLondon, IKEA, UEFA, and others. These panels aim to bridge the gap between corporate promises and actual environmental actions, focusing on how companies can drive more sustainable choices.

Attendees will have the opportunity to learn from industry leaders and climate action innovators, including Sea Forest, a finalist of The Earthshot Prize. The event serves as a platform for companies to discuss strategies for inspiring tangible climate action.

For more details and registration, visit the provided link.

Mastercard has partnered with Pledgeball to motivate football players and fans to take actionable steps against climate change. This initiative is part of Mastercard’s sponsorship of the UEFA Champions League, aimed at linking the passion for sports with sustainability. The campaign featured the Champions Innovate Final, designed to create a positive local impact beyond the football pitch. Mastercard also introduced the 'Pledge Ball,' collecting sustainable pledges from the football community, and presented it to over 5,000 children involved with Bloomsbury Football. Football icons Gareth Bale, Mathieu Flemini, and Alex Scott participated, inspiring young athletes.

Michael Kors has become the first retailer to integrate Shopping Muse, an AI-powered shopping assistant from Dynamic Yield, a Mastercard company. This new tool, available on Michael Kors' U.S. website, leverages generative AI to provide personalized product recommendations based on customers' natural language and preferences, enhancing the shopping experience. Initial tests show a 15-20% higher conversion rate compared to traditional search queries. Shopping Muse, launched in late 2023, is also being extended to furniture retailers. Mastercard ensures robust privacy safeguards and responsible AI principles in all its products.

In April, Mastercard hosted its fourth Global Inclusive Growth Summit in Washington, D.C., alongside the IMF and World Bank Spring meetings. Over 600 leaders and practitioners from 128+ countries participated in discussions focusing on economic growth, financial inclusion, and sustainability. The sessions, now available on-demand, showcased diverse perspectives from private, public, and social sectors, aiming to address both national and international challenges.

Corpay has launched the Corpay World Elite Business Mastercard, designed to streamline business transactions and enhance employee travel. This card offers small and medium enterprises (SMEs) features such as 1.5% cashback on purchases, access to Priority Pass™ lounges, and benefits from Mastercard Travel & Lifestyle Services®. The card also boasts customizable purchasing controls, robust security features, and seamless integration with Corpay Complete, a spend management platform. By partnering with Mastercard, Corpay aims to provide a comprehensive solution for managing expenses and optimizing daily operations.

Mastercard has launched a Biometric Checkout Program at Tienda Inglesa's Red Expres store in Uruguay, marking the first pilot in Latin America. The program allows customers to pay using their palm biometrics, which are linked to their payment credentials. This initiative aims to provide faster and more secure payments, integrating with loyalty programs for a personalized experience.

Mastercard collaborates with Ingenico, Fulcrum Biometrics, Fujitsu Frontech, and Scanntech to implement this technology. This expansion follows the program's initial launch in Brazil in 2022 and later in the Asia Pacific region. More biometric pilots are planned globally for later this year.

Ant Group and Mastercard have launched the International Consumer Friendly Zones program in Shanghai to enhance the payment experience for international visitors and stimulate local business growth. The initiative, supported by local authorities, covers major travel spots and commercial areas, including Shanghai’s airports, high-speed railway stations, and a 25,000-strong taxi fleet. The program will expand to 16 major Chinese cities following its launch in Beijing, Guangzhou, and Shanghai.

International visitors can now use two digital payment alternatives from Ant Group, binding major global bank cards to the Alipay app or using Alipay+ e-wallet solutions. Alipay+ supports 12 e-wallets across Asia, usable in an 80-million-merchant network in China. The program saw a 13-fold increase in spending by international visitors in Shanghai from January to April. Ant Group and Mastercard aim to further integrate more payment options and enhance the user experience.