Mastercard Incorporated Stock Price, News & Analysis

Mastercard has declared a quarterly cash dividend of 57 cents per share, marking a 16% increase from the previous 49 cents. The dividend is payable on February 9, 2023, with a record date of January 9, 2023. Additionally, the Board approved a new share repurchase program of $9 billion, effective at the completion of the existing $8 billion program. As of December 1, 2022, approximately $4.1 billion remains in the current program.

Sabre Corporation (NASDAQ: SABR) has partnered with Mastercard to enhance virtual card usage for B2B travel payments, following its acquisition of Conferma Pay in August 2022. This collaboration aims to create an efficient travel payment ecosystem by addressing B2B payment challenges and improving tracking and reconciliation of payments. Mastercard will make a minority investment in Conferma Pay, which connects issuers to over 700 travel management companies. The integration aims to provide secure, automated payment solutions and foster innovation in travel payments.

The U.S. banking community has launched a 12-week proof of concept (PoC) aimed at exploring an interoperable digital money platform called the Regulated Liability Network (RLN). Utilizing distributed ledger technology, this initiative will test the feasibility of issuing digital tokens based on U.S. dollars and settling transactions via a shared ledger. Participating banks include major institutions like Mastercard, BNY Mellon, and Citi. The PoC will align with current regulations, maintain anti-money laundering protocols, and evaluate the potential for future multi-currency applications.

Mastercard SpendingPulse anticipates a strong +15% growth in U.S. retail sales excluding automotive on Black Friday 2022. This forecast comes as in-store shopping sees a resurgence, with predictions of an 18% increase year-over-year. Department stores are expected to rise nearly 25%, while dining out will grow by 35%. Travel sectors will experience significant double-digit growth, with airlines at +39% and lodging at +32%. October retail sales already showed a 9.5% increase YOY, indicating a robust consumer spending trend.

Mastercard (NYSE: MA) announced that CFO Sachin Mehra will present at the Citi Fintech Conference on November 14 in New York City. The presentation is scheduled to begin at 8:15 a.m. Eastern Time and will last approximately 35 minutes. A live audio webcast will be available during the discussion, with replays archived for 30 days at investor.mastercard.com.

Mastercard aims to enhance the global economy through secure and accessible payment solutions.

McAfee Corp. has partnered with Mastercard (NYSE: MA) to offer exclusive online protection software to Mastercard cardholders. This partnership aims to provide cardholders with award-winning security solutions at discounted rates, addressing the rising threat of phishing attacks, which increased by 46% since 2020. The offers include a 30-day free trial for McAfee Total Protection for individuals and small businesses, with discounts of up to 75%. These services are now available to eligible cardholders in the US, enhancing security for consumer and business transactions.

Mastercard collaborated with Trevo and Ubirider to implement the Pick platform in Évora, making it the first city in Portugal to offer contactless payments on public transport.

This system allows users to pay via contactless cards or smartphones without needing physical tickets, enhancing user convenience and operational efficiency.

Mastercard is promoting this initiative by offering cashback on tickets purchased with their contactless cards on Mondays.

Trevo aims to improve public transport usage, reduce car dependency, and lower carbon emissions through this innovative solution.

Amtrak has launched two new Amtrak Guest Rewards Mastercard credit cards issued by First National Bank of Omaha. These cards enhance the loyalty program, offering significant rewards including up to 3 points per $1 spent on Amtrak travel and various dining expenses. Cardholders receive benefits like companion coupons, upgrades, and rebates on onboard purchases. The Preferred Mastercard has a $99 annual fee, while the other card has no annual fee. Both cards promote loyalty perks, ultimately aimed at enhancing customer travel experiences.

Mastercard (NYSE: MA) announced its third quarter 2022 financial results, accessible on its Investor Relations website. Key insights will be discussed during a conference call at 9:00 a.m. ET, with dial-in details provided for participants. The financial report is expected to cover earnings, revenue, and future guidance, reflecting Mastercard's performance in the payments industry. The company aims to foster an inclusive digital economy, with connections in over 210 countries.