Mastercard Overview
Mastercard Incorporated is a financial services corporation. Its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the "Mastercard" brand debit, credit and prepaid cards to make purchases. In 2020, Mastercard acquired Cytegic, an Israeli-based startup that develops cyber-risk management solutions. The local team in Israel continues to develop the product under Mastercard's Data and Services division. In 2021, Mastercard also acquired Dynamic Yield from McDonald's Corporation and integrated it into its R&D Center. Additionally, Mastercard and Enel X established a fintech-cybersecurity laboratory in Be'er Sheva
Latest News
growth-positive
Rivian downgraded, PayPal upgraded: Wall Street's top analyst calls
Barclays upgraded SolarEdge (SEDG) to Equal Weight from Underweight with a price target of $29, up from $12. The firm believes the One Big Beautiful Bill creates an uneven playing field for loans and cash in solar versus leases, and now expects SolarEdge to see 20% sales growth. This upgrade is part of a broader set of research calls that include both upgrades and downgrades for various companies, reflecting market analysts expectations and strategic insights. The article highlights the potential for SolarEdge to experience significant sales growth, driven by favorable market conditions.
Mastercard’s Latest Crypto Loyalty Scheme Aims to Plug Google Pay Gaps
Growth-Negative
Mastercard Reports Higher Consumer Spending With Expenses Rising
Mastercard Inc. shares fell after the company predicted lower-than-expected revenue growth for Q4, despite robust consumer spending on their credit and debit cards. The company expects to post net revenue growth in the low double digits for the remainder of the year, lower than the 14% analysts predicted. However, purchase volume on the firm’s cards surpassed forecasts for Q3, rising 12% to $1.88 trillion. Mastercards operating expenses increased about 2% to $2.7 billion from a year earlier due to acquisitions and higher personnel costs. The company also reported net income of $3.2 billion, surpassing analysts’ expectations.
Customers
growth-negative
Visa faces Justice Department probe into 'token' pricing - Bloomberg
Visa is facing scrutiny from the U.S. Justice Department over its pricing for tokenization technology. The DoJ is investigating Visas policy of charging retailers more if they choose not to use the technology, as part of an ongoing investigation into allegations of monopolization in the debit card market. Visa argues that tokenization helps protect digital payments. The report comes after Mastercard reached a settlement with the Federal Trade Commission over its tokenization practices. Visas peer, Mastercard, was alleged to have used the technology to prevent merchants from using alternate payment networks.
PartnersCustomers
growth-positive
Mastercard to acquire Israeli personalization platform Dynamic Yield from McDonald's
Mastercard is acquiring Israeli company Dynamic Yield from McDonalds. The cost of the acquisition is believed to be significantly higher than the $300 million paid by McDonalds for the company in 2019. Dynamic Yield is considered one of the leading personalization platforms in the world. Following the deal, Mastercard will set up a significant R&D center in Israel. The transaction is expected to close in the first half of 2022. Co-founder Liad Agmon will take on an advisory role, while current CTO Ori Bauer will become the CEO. Dynamic Yields service uses machine learning algorithms to tailor websites to individual consumers. Prior to the acquisition, Dynamic Yield had raised $83 million from investors including Naver Corporation and Bessemer Venture Partners.
Acquisition
Team Members
3
Employees: 51-200
Web & Social Links
| Website | www.mastercardservices.com/ |
Locations
Aluf Kalman Magen Street, Tel Aviv-Yafo, Israel
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