mastercard
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Mastercard Incorporated announced a profit for its first quarter that increased from last year and beat Wall Street estimates. The payments processor's earnings came in at $3.01 billion, or $3.22 per share. This compares with $2.36 billion, or $2.47 per share, in last year's first quarter. Excluding items, Mastercard reported adjusted earnings of $3.09 billion, or $3.31 per share, for the period. Analysts on average had expected the company to earn $3.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for t...
DPA
Mastercard Incorporated announced a profit for its first quarter that increased from last year and beat Wall Street estimates. The payments processor's earnings came in at $3.01 billion, or $3.22 per share. This compares with $2.36 billion, or $2.47 per share, in last year's first quarter. Excluding items, Mastercard reported adjusted earnings of $3.09 billion, or $3.31 per share, for the period. Analysts on average had expected the company to earn $3.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for t...
DPA Breaking News
Mastercard Incorporated announced a profit for its first quarter that increased from last year and beat Wall Street estimates. The payments processor's earnings came in at $3.01 billion, or $3.22 per share. This compares with $2.36 billion, or $2.47 per share, in last year's first quarter. Excluding items, Mastercard reported adjusted earnings of $3.09 billion, or $3.31 per share, for the period. Analysts on average had expected the company to earn $3.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items. The company's revenue for t...
DPA International
Credit card and digital payments giant Visa has seen a jump in profits for the second quarter of its financial year. That is mainly due to increased consumer spending in the US, one of its biggest markets. The company saw a net revenue of $8.8 billion (€8.24 billion). This was a surge of 10% both on a constant-dollar and nominal basis. Adjusted net income came in at $5.1 billion (€4.8 billion), a rise of 17% year-on-year. Processed transactions inched up 11% year-on-year, whereas overall payments volume jumped 8% over the period. The company also saw dividend payments and share buybacks amount...
Euronews (English)
A decadeslong antitrust saga has come to a close as Mastercard and Visa have agreed on a settlement of a rumored $30 million to limit the fees merchants face. Merchants have been pursuing a settlement for close to ten years after charges made by both credit card companies via transaction fees were seen to be hitting the pockets of businesses large and small. What does this mean for merchants?The details of the settlement were laid out in a press release from Mastercard titled “Mastercard Commits to Lowering U.S. Interchange for Small Businesses and Broader Merchant Community” today. Visa would...
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Activists Demand Mastercard Issue A Report On Potential Civil Rights ViolationFEP’s proposal at Mastercard (Proposal #6) requests that the Board of Directors conduct an evaluation and issue a report detailing how it oversees risks related to discrimination against individuals based on their race, color, religion (including religious views), sex, national origin, or political views, and whether such discrimination may impact individuals’ exercise of their constitutionally protected civil rights. “As shareholders of Mastercard, we believe it is of great import that the company respect civil righ...
ValueWalk
As Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V) leave Russia amid Western economic sanctions, Moscow has put its own card payments system into operation. The move is touted as a victory in the country’s financial war with the West. AlternativeKnown to Russians as Nspk, Fortune reports, the Kremlin had been studying a payment tool to enable credit cards for years, even without Western financial technology. In June 2014, after the invasion of Crimea, Russia created the system to process domestic credit card transactions. Q4 2021 hedge fund letters, conferences and more Although some service cu...
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