Mastercard News
12 articles
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
growth-positive
Israeli startups invited by Mastercard Europe and Enel X to FinSec Innovation Lab
The FinSec Innovation Lab has announced a Call for Applications inviting Israeli fintech and cybersecurity startups to join its Lab. The Lab, awarded by the Israel Innovation Authority to Mastercard Europe and Enel X, aims to promote innovation in fintech and cybersecurity for payments and energy. It has a three-year license and will receive 13 million NIS ($3.9 million) in funding from various organizations. Startups that join the Lab will have access to the technological experience and support of Mastercard and Enel X.
PartnersInvestment
growth-positive
Israel's Jifiti signs strategic partnership agreement with Mastercard
Israeli fintech startup Jifiti Inc. has expanded its partnership with global payment company Mastercard to enable point-of-sale financing. Jifitis technology provides a white label solution for banks, allowing them to offer immediate credit using Mastercard. The company has already implemented its technology in U.S. and European banks and aims to provide its services to Mastercards entire banking and retail portfolio. Point-of-sale financing is growing globally, and Jifiti predicts it to reach $2.52 trillion in 2022. The partnership with Mastercard will contribute to Jifitis growth in the retail and consumerism sectors.
Partners
growth-positive
Israel's vCita has been selected to take part in Mastercard's Start Path global program
Israeli startup vCita has been chosen to take part in Mastercard’s Start Path worldwide program. Their involvement in the program offers access to support, assets, business counseling, and investments from Mastercard and its partnered companies. vCita provides a user-friendly management application for small and medium businesses (SMBs) and has a user base of over 150,000 businesses. The collaboration with Mastercard aims to help SMBs adapt to the new digital reality brought on by the coronavirus crisis. vCitas inclusion in the Start Path program follows other Israel-based companies. The program also works with Mastercard and Enel X’s Innovation Lab.
Partners
growth-positive
Mastercard and Enel X Win Right to Establish New Fintech-Cybersecurity Laboratory with $3.7 Million State Funding
Mastercard and Enel X have won a tender to establish a new fintech-cybersecurity laboratory in Beer Sheva, Israel. The laboratory will be funded by the Israel Innovation Authority, the National Cyber Directorate, and the Ministry of Finance. It aims to assist entrepreneurs and startups in reaching the proof of concept stage in the fintech and cybersecurity fields, with a focus on developing cybersecurity capabilities for the financial sector. Participating companies will gain access to knowledge, expertise, and financial data. The laboratory will be located in Beer Shevas tech hub and will recruit research and development and cybersecurity personnel. The project has a funding of NIS 13 million ($3.7 million) over three years. Mastercard and Enel X will cooperate with startups and provide expertise in the finance sector.
PartnersInvestment
Cyberwrite Research for Mastercard Shows: Cyber-Attacks on Israeli Local Municipalities May Lead to an Aggregated 4.5B ILS in Damages
growth-positive
Plastic Will Slowly Be Replaced by Apps, Says Mastercard Israel CEO
The article discusses the future of credit cards in the payment market and the potential for their replacement by mobile apps. Mastercards Israel Country Manager, Omer Unger, states that while plastic credit cards will not disappear overnight, they will be gradually replaced by mobile payment methods. The article highlights the need for Israel to catch up with the rest of the world in terms of payment technology. Trust is identified as a crucial aspect in the adoption of new payment methods, and collaboration between banks and fintech companies is predicted to benefit consumers. BlueVine, a company focused on small business credit, is mentioned as being ready for the next stage of growth. Tipalti, a payment solutions provider, is also mentioned for its work with Twitter and Amazons Twitch. The article was published on January 14, 2020.
CustomersPartners
growth-positive
MasterCard on the hunt for top Israeli fintech firm
MasterCard is running a start-up competition in Israel to find partners to improve its electronic payments and financial services. The winning start-up will receive a $25,000 prize and an opportunity to join the MasterCard Start Path global program. MasterCard is one of many financial tech firms and banks that have focused on Israel as a fintech innovation center. The competition is open to applicants with new, early-stage solutions in the financial services and e-payments ecosystem. The winning start-up will also participate in the Citi Innovation TLV accelerator program and receive one year of free membership in the Israel Advanced Technologies Industry organization. MasterCard sees Israel as a strong technology suit, particularly in security and payment technology.
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