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.
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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.
JetBlue (NASDAQ: JBLU) has announced a multi-year extension of its co-branded credit card agreements with Barclays and Mastercard. This renewal will expand their consumer and small business credit card offerings, focusing on innovative, digital-centric solutions that enhance customer engagement. JetBlue has collaborated with Barclays since 2016, establishing a substantial credit card portfolio. The new agreement aims to provide improved rewards and benefits, along with options for underserved customers, reflecting JetBlue's commitment to enhancing customer loyalty and personalizing card offerings.
Mastercard is enhancing its Crypto Card Program to simplify cryptocurrency conversion to fiat currency. Collaborating with Evolve Bank & Trust, Paxos Trust Company, and Circle, Mastercard aims to help banks and crypto firms provide card options for digital asset spending globally. The program addresses operational challenges in currency conversion, allowing users to spend cryptocurrencies like Bitcoin and Ether as fiat. This initiative supports the adoption of stablecoins and aims to expand the ecosystem for crypto payments.
On July 29, 2021, Mastercard (NYSE: MA) will announce its second-quarter 2021 financial results, followed by a conference call at 9:00 a.m. Eastern Time. Financial data will be made available on the company's investor relations website. A replay of the call can be accessed for 30 days. Mastercard aims to drive an inclusive digital economy, emphasizing secure transactions and sustainable growth.
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U.S. retail sales continued to rise in June, marking nine months of growth, with a year-over-year increase of 11.0% excluding automotive and gasoline. E-commerce grew 8.3% YOY, reflecting a shift to digital shopping. Notable increases in specific sectors included Restaurants (55.1% YOY), Department Stores (67.4% YOY), and Apparel (62.9% YOY). However, the Furniture & Furnishings sector saw its first negative growth of -5.3% YOY, despite remaining elevated 16.6% YO2Y. Mastercard SpendingPulse provides insights on national sales data and trends.
Mastercard encourages 60 million Americans to participate in the "Stand Up" to support its $60 million donation to Stand Up To Cancer (SU2C). The campaign aims to drive further donations and awareness for cancer research through three initiatives: Eat, where Mastercard donates US¢1 for each transaction at participating restaurants; Engage, allowing users to donate directly to SU2C; and Experience, where 100% of purchases from special experiences go to SU2C. Mastercard has contributed more than $55 million to SU2C over 11 years, supporting FDA approvals for nine cancer therapies.