MasterCard Stock News

Mastercard Inc (NYSE:MA) has outdone expectations for the third quarter as “healthy consumer spending” helped drive payment volumes. Revenue increased by 13% to $7.4 billion, while earnings climbed by 15% to $3.89 per share, Mastercard reported on Thursday.

Payments processor Mastercard reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic stability ramped up their spending.

PURCHASE, N.Y.--(BUSINESS WIRE)--Mastercard announced its third quarter 2024 financial results through a release available at investor.mastercard.com.

Mastercard has launched a generative artificial intelligence (AI)-powered digital assistant that is designed to simplify the customer onboarding process. This is the first application developed by Mastercard's new in-house capability for building and deploying knowledge agent tools, the company said in a Tuesday (Oct. 29) press release.

Visa reports Q4 2024 results late Tuesday as shares trade in a base. Rival Mastercard, near record highs, reports Thursday.

Mastercard launched a new card-based bill-pay solution for merchants, acquirers, payment facilitators and payment service providers. The new Bill Qkr is live and available globally, the company said in a Monday (Oct. 28) press release.

Mastercard is expanding its U.S. Installments program to all eligible digital points of sale. This offering will allow merchants, financial service providers, payments processors and digital wallets to present installment offers for consumers to any eligible credit card from participating issuers, the company said in a Friday (Oct. 25) press release.

Mastercard has expanded the availability of Product Express, its platform that helps FinTechs launch card programs and other payment solutions.