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Mastercard Incorporated reports developments tied to its global digital payments network, financial results, investor events, customer partnerships, and payments research. The company supports digital payment choices in more than 200 countries and territories, using its technology, partnerships, and networks to serve consumers, businesses, financial institutions, and governments.
Recurring news themes include quarterly earnings releases and conference calls, participation in investor conferences, card-program relationships on the Mastercard network, and regional studies on digital payments, security, trust, and financial inclusion.
Mastercard SpendingPulse reports that total retail sales (excluding auto) rose by 7.2% year-over-year in April, and 15.3% compared to pre-pandemic levels in 2019. In-store sales surged 10.0%, while e-commerce sales slightly declined by 1.8%. Key sectors showed growth, including Apparel (+10.8%) and Department Stores (+15.7%). Furniture sales also increased by 3.8% year-over-year. Despite inflation pressures, consumer spending remains resilient, reflecting a shift back to brick-and-mortar shopping.
Mastercard (NYSE: MA) has launched a new campaign to support Stand Up To Cancer (SU2C), featuring Emmy award-winning actor Sterling K. Brown. From May 1 to July 15, 2022, Mastercard will donate one cent for each online or contactless transaction at participating restaurants and grocery stores, up to $5 million. This initiative is part of Mastercard's ongoing commitment, having already contributed over $60 million to SU2C in the past decade, supporting the development of nine FDA-approved cancer therapies.
Mastercard (NYSE: MA) announced its first quarter 2022 financial results, details of which are available on its Investor Relations website. The earnings release will be submitted to the SEC via Form 8-K. A conference call is scheduled for today at 9:00 a.m. ET to discuss these results, with dial-in options provided for U.S. and international participants. The company emphasizes its mission to enhance the digital economy by ensuring secure transactions across more than 210 countries, supported by its innovative solutions and strong partnerships.
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Mastercard announced a collaboration with Microsoft to launch a new identity solution aimed at improving online shopping experiences while combating digital fraud. This enhanced Digital Transaction Insights solution integrates Mastercard's network insights with Microsoft's Dynamics 365 Fraud Protection, utilizing real-time decisioning intelligence to help reduce first-party fraud, estimated to cost $50 billion globally. As the first partner, Microsoft enhances transaction approval rates using AI, benefitting consumers and financial institutions alike.
Bonifii has appointed Mastercard as the preferred open banking provider for its MemberPass® credit unions, enhancing access to consumer-permissioned data for loan underwriting. This collaboration aims to improve the underwriting process for mortgages, auto loans, personal loans, and small business loans. The use of Mastercard’s technology allows credit unions to verify income and asset data securely, streamlining loan approvals and reducing fraud risks. This initiative is expected to modernize credit unions' operations and expand their lending capabilities.
Nelo, a Buy Now Pay Later (BNPL) service in Mexico, has launched its all-in-one app, allowing customers to shop online at any merchant within the Mastercard network. This innovative app is the first of its kind in Latin America and is accessible to all users, enabling payments in installments at popular stores like Mercado Libre, Amazon, and Liverpool. Additionally, Nelo has enhanced its leadership team by hiring Alice Lu as VP of Data Science, bringing expertise from Uber. Nelo is a top 15 shopping app in Mexico with an average rating of 4.8 stars.
Nexo has partnered with Mastercard and DiPocket to launch the Nexo Card, the first crypto card in Europe that permits users to spend without selling their digital assets. This breakthrough card links to a crypto-backed credit line with 0% APR, allowing users to retain ownership of their cryptocurrencies while using them as collateral. Key features include zero fees, 2% crypto rewards on purchases, and integration with digital wallets like Apple Pay and Google Pay. The card will be accepted at over 92 million merchants globally.
Mastercard announced a partnership with Interos to enhance its security strategy and improve multi-tier risk monitoring for financial institutions. This collaboration aims to help organizations detect and mitigate risks, including cyber and operational threats, across their business networks. With only 11% of enterprises continuously monitoring third-party risks, this partnership addresses the growing priority of risk management, as indicated by a RiskRecon study. The automated platform uses AI to assess vulnerabilities across 345 million entities globally, promoting operational resilience.
Mastercard (NYSE: MA) will release its first quarter 2022 financial results on April 28, 2022, at 9:00 a.m. Eastern Time. The financial report will be available on the company's website. A conference call will follow to discuss the results, with dial-in details provided for both U.S. and international participants. A replay will be accessible for 30 days post-call, and an online webcast will also be offered.