Mastercard Incorporated Stock Price, News & Analysis

Mastercard (NYSE: MA) has appointed Candido Botelho Bracher as an independent director, effective immediately. Bracher brings over 30 years of experience in global financial services and previously served as president and CEO of Itaú Unibanco Group, enhancing the bank’s digital transformation and customer relations. His extensive background includes leadership roles in several financial institutions, underlining his potential to contribute significantly to Mastercard's future strategies as the company aims to strengthen its global position.

Mastercard (NYSE: MA) has announced its agreement to acquire CipherTrace, a prominent cryptocurrency intelligence firm, to enhance its digital assets strategy. This acquisition aims to bolster trust and security within the crypto economy as digital assets gain traction in daily transactions. CipherTrace's platform will integrate with Mastercard's cybersecurity solutions, enabling improved risk management and compliance for businesses involved in digital assets. The deal is expected to close by the end of the year, pending certain conditions.

Mastercard (NYSE: MA) has announced its agreement to acquire Aiia, a leading open banking technology provider in Europe, enhancing its capabilities in digital financial solutions. This strategic move is aimed at further empowering consumers and businesses through safe and secure data access. By integrating Aiia's technology, Mastercard aims to strengthen its open banking initiatives, which focus on democratizing financial services. The acquisition, anticipated to close by year-end, remains subject to customary closing conditions.

Mastercard Incorporated (NYSE: MA) announced that Sachin Mehra, CFO, will present at the Deutsche Bank Technology Conference on September 10 at 10:40 a.m. Eastern Time. The presentation is expected to last approximately 35 minutes, and will be available via a live audio webcast. A replay will be accessible for 30 days on investor.mastercard.com. Mastercard continues its mission to promote an inclusive digital economy worldwide.

U.S. retail sales rose for the 11th consecutive month in July, according to Mastercard SpendingPulse™. Sales, excluding automotive and gasoline, increased by 10.9% year-over-year, significantly surpassing the average July growth of 2.9% over the last four years. The Child Tax Credit contributed to a boost in spending, particularly in apparel (+80% YOY) and department stores (+44.8% YOY). In-store sales accounted for 81.9% of total retail sales, with a 15.5% YOY increase. Overall, consumer spending reflects a recovery with greater savings and demand.

Mastercard and the City of Birmingham are launching Ascend Birmingham, a program aimed at helping local small businesses, particularly minority-owned ones, thrive in a digital-first economy. This initiative focuses on providing education, tools, and resources to enhance digital operations, including accepting digital payments. Key partners include Square and the Accion Opportunity Fund. The program will also recognize select businesses for their unique contributions. This initiative is part of a broader effort to support economic recovery and bridge the racial wealth gap.

Mastercard (NYSE: MA) announced its second quarter 2021 financial results, accessible on their Investor Relations page. The report includes key metrics that will impact shareholder value. A conference call is scheduled for today at 9:00 a.m. ET to delve into these results. Investors can access a replay of the call and all related materials on their website. Mastercard continues to position itself as a leader in the payments industry, focusing on secure transactions and innovative solutions that drive growth.

Mastercard has launched a global Start Path program, aimed at supporting innovative digital assets, blockchain, and cryptocurrency startups. The inaugural cohort includes seven companies such as GK8, Domain Money, and Uphold, focusing on enhancing security in crypto transactions and bridging traditional finance with digital assets. Mastercard aims to leverage its expertise to foster growth and innovation in the digital economy, continuing its engagement in this space since 2015.