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Persons: Capital One's CreditWise, David McMillin David McMillin, Guy, David, he's Organizations: Social, Federal Trade Commission, Research, Express, American Express, Chase, Credit, Business, Capital, Mastercard, Theft Locations: cardholders, Experian, AnnualCreditReport.com, Chicago, Alaska , Utah , Oklahoma, Vermont

☆ 10 Things in Tech: Microsoft employees roast CEO Satya Nadella, men use AI for dating profiles, and top investors for fledgling startups
▼ + stars: | 2023-06-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

Moving forward, I'll be a senior reporter on our flagship newsletter, Insider Today. Insider Today takes you inside the biggest stories in business, including tech. We're working on revamping Insider Today, and we want your feedback. Please fill out this quick, five-question survey to let us know what you want to see in the newsletter. Before we say "Bye Bye Bye" here — see you soon at Insider Today!

Persons: I'm, Siu, you've, you'll, Rebecca Zisser, we've, Elon Musk, Steve Jobs, Asia Martin, Arantza Pena Popo, Oran Cummins, Satya Nadella, William Bullock, Robert, Teodora Danilovic, Michael Parks, Diamond Naga Siu, Lisa Ryan, Alistair Barr, Hallam Bullock Organizations: Getty, Apple, Microsoft, OceanGate Expeditions Locations: Tech, Silicon, Midtown Manhattan, York City, San Diego, New York City, Silicon Valley, London

☆ How payments giant Mastercard is revamping is work culture to lure developers — from free days to work on passion projects to $200,000 salaries
▼ + stars: | 2023-06-29 | by ( Paige Hagy | ) www.businessinsider.com time to read: +5 min

Mastercard is hiring tech talent across 7 global technology hubs. The payments firm wants software architects and talent in crypto and AI, among others. Mastercard wants to be a firm where technologists are excited to work. The qualifications and responsibilities listed on Mastercard tech job postings are intentionally vague so as to attract a diverse pool of talent with broad skill sets, Cummins said. They can also work remotely from anywhere for up to four weeks per year with the "Work from Elsewhere" benefit.

Persons: Oran Cummins, Cummins, It's Organizations: Mastercard, Mastercard Mastercard Mastercard, LinkedIn, York, Tech, New York, Flatiron District, Employees Locations: New York, Dublin, Sydney, Vancouver, Mastercard's, Flatiron

☆ Mastercard's Raj Dhamodharan explains the firm's new token network
▼ + stars: | 2023-06-29 | by ( Talia Kaplan | Kaan Oguz | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard's Raj Dhamodharan explains the firm's new token networkRaj Dhamodharan, Mastercard's head of crypto and blockchain, spoke with CNBC Crypto World about the company's new Multi-Token Network and explains what the firm is trying to achieve by launching products and solutions focused on blockchain technology.

Persons: Dhamodharan Organizations: CNBC, Network

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSBF loses bid to toss criminal charges, and Mastercard introduces token network: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Raj Dhamodharan, Mastercard's head of crypto and blockchain, explains the company's new Multi-Token Network and what the firm is trying to achieve by launching products and solutions focused on blockchain technology.

Persons: SBF, explainers, Raj Dhamodharan Organizations: Mastercard, CNBC Crypto, CNBC, Network

☆ Marketing leaders are urged to be bold and align with purpose — as long as it's true to the brand
▼ + stars: | 2023-06-21 | by ( Julia Hood | ) www.businessinsider.com time to read: +5 min

Insider convened a panel of leaders from Diageo, Mastercard, and Goodby, Silverstein & Partners at Cannes Lions. The speakers said it's important to understand your brand's context in order to decide what purpose initiatives it should align with. Marketing leaders were urged not to let external pressures — like those recently faced by Bud Light and Target — keep them from taking risks and aligning with purpose. Goodby spoke about how important it is to understand the brand "context" when creating these kinds of campaigns. "Every brand has a context ... and the context of your brand has to be taken into account," he said.

Persons: Bud Light, Raja Rajamannar, Cristina Diezhandino, Jeff Goodby, Silverstein, Jasmine Enberg, Joi, Marie McKenzie, McKenzie, Gen Z, Diageo's Diezhandino, Goodby, Rajamannar, Intelligence's Enberg, Enberg Organizations: Diageo, Mastercard, Silverstein, Partners, Cannes Lions, Morning, Cannes Lions International, Insider Intelligence, BMO Locations: Spain

☆ Mastercard SpendingPulse shows strong consumer demand for experiences and e-commerce
▼ + stars: | 2023-06-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard SpendingPulse shows strong consumer demand for experiences and e-commerceMichelle Meyer, Mastercard Economics Institute Chief U.S. Economist, breaks down the results of Mastercard's May SpendingPulse snapshot.

Persons: Michelle Meyer, Mastercard's Organizations: Mastercard, Mastercard Economics, Chief U.S, Economist

☆ Mastercard's stock has outperformed Visa's over the past 5 years. Here's why
▼ + stars: | 2023-05-27 | by ( Juhohn Lee | ) www.cnbc.com time to read: +2 min

As the world transitions to a more cashless society, Mastercard's value has continued to soar. While Visa outpaces Mastercard in terms of cards in circulation, net revenue and market share based on purchase transactions, Mastercard's stock has outperformed Visa's over the past 5 years. "Visa did not use to own Visa Europe. "Back in 2016, 2017, Visa was able to buy Visa Europe, and they have gone through a huge effort to modernize Visa's operations in Europe. "So, it's kind of a double benefit to revenue when you have more market share in Europe in particular."

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Mastercard's stock has outperformed Visa's over the past 5 yearsMastercard is one of the world's most recognizable brands. It's the second largest card network in the U.S., accounting for more than a quarter of all purchase volume using a payment card. As the world transitions to a more cashless society, Mastercard's value has continued to soar. Shares have seen nearly a 100% gain over the past five years, even outperforming No. So exactly how is Mastercard setting itself apart from its competitors?

Organizations: Mastercard Locations: U.S

LONDON, April 28 (Reuters) - Mastercard (MA.N) will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company's head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini to offer crypto-linked payment cards in some countries. "We have dozens of partners around the world who offer crypto card programmes and they continue to expand," Raj Dhamodharan, Mastercard's head of crypto and blockchain, told Reuters on Thursday. Banks have become wary of crypto clients after a number of big crypto firms collapsed last year, including the bankruptcy of major exchange FTX. Asked if Mastercard is considering imposing restrictions on the amount of money that could be transferred to crypto exchanges using its payments network, Dhamodharan said, "We're not here to pick winners.

☆ Mastercard reveals new set of standards for blockchain at Consensus 2023
▼ + stars: | 2023-04-28 | by ( Talia Kaplan | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard reveals new set of standards for blockchain at Consensus 2023Raj Dhamodharan, Mastercard's head of crypto, joins "CNBC Crypto World" to explain a new set of standards for blockchain technology the payments giant announced at Consensus 2023.

☆ Mastercard profit beats estimates as consumers weather tough economy
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

Gross dollar volumes, a metric that represents the total dollar value of all transactions processed by Mastercard, rose 15% on a local currency basis to $2.1 trillion. Pent-up demand from consumers tired of lockdowns also helped, driving a 35% surge in Mastercard's cross-border volumes - a gauge of travel demand that tracks spending on cards beyond the country of its issue. Earlier this week, Visa (V.N) beat profit estimates and bet on sustained growth at its payments business. Mastercard's total operating expenses on an adjusted basis rose 10% to $2.4 billion in the first quarter ended March 31. On an adjusted basis, Mastercard earned $2.80 in the quarter, sailing past Wall Street estimates of $2.72 per share, according to Refinitiv IBES data.

☆ Visa, MasterCard tell UK tribunal to block new mass actions
▼ + stars: | 2023-04-03 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

Visa and Mastercard are each being sued by hundreds of claimants at London's Competition Appeal Tribunal, which is currently managing the various cases together. Special purpose vehicle Commercial and Interregional Card Claims (CICC) brought another set of lawsuits against Visa and Mastercard last year, seeking damages on behalf of merchants which were allegedly overcharged. CICC is asking the tribunal to certify its cases under the United Kingdom's collective proceedings regime, which is roughly equivalent to the class action regime in the United States. But Visa and Mastercard's lawyers say the need for collective proceedings is undermined by the fact that thousands of merchants have already sued them. "These proposed collective proceedings are not, therefore, about providing access to justice to those who cannot seek it for themselves," he added.

☆ French minister to raise protection of minors with Pornhub's new owners
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +1 min

PARIS, March 17 (Reuters) - A French government minister will meet the new owners of the pornography website Pornhub to ensure minors are protected and that the site does not break any laws, he said on his Twitter account on Friday. Earlier this week, Canadian private equity firm Ethical Capital Partners said it had bought MindGeek, which has faced complaints over Pornhub's content. MindGeek said it would work with Ethical Capital Partners (ECP) on matters of trust and safety with regulators. "We have spoken with the partners at ECP. Reporting by Sudip Kar-Gupta and Eva Mathews; Editing by Barbara Lewis and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Pornhub owner MindGeek sold to Canada's Ethical Capital
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Canadian private equity firm Ethical Capital Partners (ECP) on Thursday said it had acquired Pornhub owner MindGeek, which has been mired in controversy over recent years. The financial terms of the deal were not disclosed. Luxembourg-based MindGeek has been a centerpiece in the adult entertainment industry since the advent of video streaming, but concerns over the company's business model triggered the departure of its top management last year. Pornhub, MindGeek's flagship site, was also cut off by Visa and Mastercard's payment networks in 2020 following investigations that identified unlawful content on the platform. Reporting by Eva Mathews in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

[1/2] Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit TessierMarch 15 (Reuters) - A federal appeals court on Wednesday upheld a $5.6 billion antitrust class-action settlement with more than 12 million retailers that accused Visa Inc (V.N) and MasterCard Inc (MA.N) of improperly fixing credit and debit card fees. The operators and the companies both claimed to have been injured after accepting Visa and MasterCard for gas sales. The settlement resolved claims that Visa and MasterCard overcharged retailers on interchange fees, or swipe fees, when shoppers used credit or debit cards, and barred retailers from directing customers toward cheaper means of payment. Settling retailers would be barred from bringing further claims from within the 15-year class period, and for five more years after the settlement became final, court papers show.

☆ Visa, Mastercard pause work on new payments code for firearms sellers
▼ + stars: | 2023-03-09 | by ( Ross Kerber | ) www.reuters.com time to read: +3 min

The Geneva-based International Organization for Standardization (ISO) approved the new merchant category code (MCC) in September to help detect suspicious firearms and ammunition sales to combat gun violence. A Mastercard representative said on Thursday via email that such bills would cause "inconsistency" in how the code could be applied by merchants, banks and payment networks. "It's for that reason that we have decided to pause work on the implementation of the firearms-specific MCC," said the Mastercard representative, Seth Eisen. Accordingly, Visa is pausing implementation of the MCC," Visa said in a statement sent by a spokesperson. The moves mark a setback for gun-control activists, though the payment networks stopped short of saying they would reject the code outright.

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☆ Stock pickers continue to shine after a better year and here are their favorite names in 2023
▼ + stars: | 2023-02-28 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Wall Street investment bank analyzed the holdings of 543 mutual funds with $2.4 trillion of assets under management at the start of 2023, based on regulatory filings. It then compiled a basket of the most popular bets, called "Mutual Fund Overweight basket," consisting of 50 stocks in which mutual funds are the most overweight. Year to date, 43% of large-cap mutual fund managers have outperformed their benchmarks, well above the long-term average of 38%, Goldman said. Goldman's mutual fund overweight basket has gained 2% in 2023, in line with the S & P 500's performance. Credit card duo Mastercard and Visa were the two most loved names by mutual funds at the start of 2023, according to Goldman.

☆ Mastercard releases consumer spending survey
▼ + stars: | 2022-11-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMastercard releases consumer spending surveySteve Sadove, senior advisor at Mastercard, joins 'Power Lunch' to discuss the results of Mastercard's SpendingPulse survey, holiday season sale robustness and the categories performing best in the current environment.

☆ Mastercard shares down as dim forecast sours profit beat
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +2 min

Oct 27 (Reuters) - Mastercard Inc (MA.N) forecast a weaker-than-expected revenue growth for the last three months of the year on Thursday, overshadowing an upbeat quarter where the card issuer beat profit estimates on resilient consumer spending. The company said it expected revenue to rise in "low double digits" at the lower end of its forecasted growth range for the fourth quarter. Shares of the Purchase, New York-based company were down more than 2% in premarket trading. Last quarter, Mastercard warned of a slowdown in spending from lower-income customers in the United States in the face of red-hot inflation. Excluding one-time costs, Mastercard earned $2.68 per share, beating Street estimate of $2.56 per share.

☆ Luxury hotel booking programs from Amex, Capital One, Visa, and more can get you free elite benefits like room upgrades and on-property credits — here's how
▼ + stars: | 2022-10-25 | by ( Eric Rosen | Tessa Campbell | Read More | ) www.businessinsider.com time to read: +39 min

David Slotnick/Business InsiderMany travel rewards cards offer elite-like hotel benefits when you book with their online portals. The prices through credit card travel portals are often on par with booking directly through hotels. However, it's only available to Capital One Venture X Rewards Credit Card and Capital One Spark Travel Elite cardholders. Bottom lineYou might not have a premium hotel credit card or elite status with one of the major loyalty programs. However, that doesn't mean you can't take advantage of credit card booking portals to enjoy perks like room upgrades, free breakfast, and on-property credits.

☆ RBC calls this stock the most compelling long-term growth story it covers
▼ + stars: | 2022-10-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Shopify 's valuation will likely continue to be hurt by the uncertain economic outlook even if its bottom line isn't showing warning signs, RBC said. He cut Shopify's price target to $55 from $60 despite keeping the stock at an outperform. The revised target implies the stock could almost double in value from closing price of $29.75. These stocks include companies like Shopify that haven't had a long track record of profitable growth. But Treiber says there is a chance Shopify will top both RBC and Wall Street's expectations for third-quarter revenue growth, when it reports its results on Thursday.

☆ Mastercard will help banks offer cryptocurrency trading
▼ + stars: | 2022-10-17 | by ( Kate Rooney | ) www.cnbc.com time to read: +4 min

Mastercard is looking to bring crypto to the masses by making it easier for banks to get involved. The payments giant plans to announce a program Monday that will help financial institutions offer cryptocurrency trading, the company told CNBC. Mastercard will act as a "bridge" between Paxos, a crypto trading platform already used by PayPal to offer a similar service, and banks, according to the company. Mastercard has already teamed up with Coinbase on NFTs and Bakkt to let banks and merchants in its network offer crypto-related services. Last week, Visa partnered with FTX to offer crypto debit cards in 40 countries and has more than 70 crypto partnerships.

Oct 10 (Reuters) - U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015, according to a report, as shoppers feel the brunt of decades-high inflation and soaring interest rates. Adobe Analytics forecast online sales in November and December to rise 2.5% to $209.7 billion, compared with an 8.6% increase a year ago, as more people also return to in-store shopping and bring forward purchases to as early as October. This is another sign of a gloomy holiday season, with FedEx Corp's (FDX.N) Ground division expecting to lower volume forecasts to reflect customers' plans to ship fewer holiday packages. Last month, Mastercard's (MA.N) SpendingPulse report also forecast a slowdown in shopping for the holidays. Black Friday online sales are expected to grow just by 1% and Thanksgiving sales are anticipated to fall 1%, the Adobe report said.

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