MasterCard Incorporated Reports First-Quarter 2015 Financial Results
First-quarter net income of $1.0 billion, or $0.89 per diluted share First-quarter net revenue increase of 3%, to $2.2 billion First-quarter gross dollar volume up 12% and purchase volume up 12% MasterCard Incorporated (NYSE:MA) today announced financial results for the first quarter of 2015. The company reported net income of $1.0 billion , an increase of 17% or 24% adjusted for currency, and earnings per diluted share of $0.89 , up 22% or 29% adjusted for currency, in each case versus the year-ago period. Acquisitions had a $0.02 dilutive impact on earnings per diluted share. Net revenue for the first quarter of 2015 was $2.2 billion, a 3% increase versus the same period in 2014 as-reported and an 8% increase adjusted for currency. Net revenue growth was driven by the impact of the following: An increase in cross-border volumes of 19%; A 12% increase in gross dollar volume, on a local currency basis, to $1.1 trillion ; and An increase in processed transactions of 12%, to 11.0...
April 29, 2015
MasterCard Announces Acquisition of Applied Predictive Technologies
MasterCard today announced that it has entered into an agreement to acquire Applied Predictive Technologies (APT) for $600 million, subject to customary purchase price adjustments. Applied Predictive Technologies is a leading cloud-based analytics provider. APT’s Test & Learn® platform helps companies tailor investments and maximize bottom-line impact by harnessing analytics to design, measure and calibrate marketing, merchandising, operations and capital initiatives. This acquisition advances MasterCard's agenda to deliver differentiated services to merchants, complementing its recent acquisition of 5One, a London-based retail consulting and analytics firm. As part of the company's services portfolio, Applied Predictive Technologies will now have access to MasterCard's analytics suite, consulting capabilities, marketing services and global footprint that will expand its reach and value. “In today’s competitive business climate, companies need analytics that are easy to use and...
April 27, 2015
MasterCard to Participate in Upcoming Investor Conferences
MasterCard (NYSE:MA) today announced its participation in the following investor conferences in the month of May: On Tuesday, May 12, Javier Perez, president, Europe Region, will present at the Jefferies Technology, Media & Telecom Conference in Miami. The discussion will begin at 9:30 a.m. Eastern Time and last for approximately 25 minutes. On Monday, May 18 , Martina Hund-Mejean , chief financial officer, will present at the J.P. Morgan Technology, Media & Telecom Conference in Boston . The discussion will begin at 9:20 a.m. Eastern Time and last for approximately 35 minutes. On Thursday, May 28, Ajay Banga, president and chief executive officer, will present at the Bernstein Strategic Decisions Conference in New York. The discussion will begin at 8:00 a.m. Eastern Time and last for approximately 50 minutes. There will be a listen-only, live webcast of each discussion and replays will be archived for 30 days on the investor relations section of www.mastercard.com/investor ....
April 24, 2015
MasterCard Incorporated to Host Conference Call on First-Quarter 2015 Financial Results
PURCHASE, N.Y. -(BUSINESS WIRE)- On Wednesday, April 29, 2015 , MasterCard Incorporated (NYSE: MA) will release its first-quarter financial results. The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time . The dial-in information for this call is 866-393-4306 (within the U.S.) and 734-385-2616 (outside the U.S.), and the passcode is 10371164. A replay of the call will be available for 30 days and can be accessed by dialing 855-859-2056 (within the U.S.) and 404-537-3406 (outside the U.S.), and using passcode 10371164. This call can also be accessed through the Investor Relations section of the company’s website at www.mastercard.com/investor. About MasterCard Incorporated MasterCard (NYSE:MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and...
March 24, 2015
Arnold Palmer Invitational Presented by MasterCard Breaks Par with New Payment Technology
Chip, Contactless Payments including Apple Pay, and QkR! with MasterPass Enhance Fan Experience at PGA TOUR Event Spectators at the Arnold Palmer Invitational Presented by MasterCard (API) no longer have to miss out on the action at the tournament with the introduction of the latest technology from MasterCard. Golf fans will now have access to faster and more secure ways to pay at concession and merchandise point of sale terminals throughout Bay Hill where MasterCard is enabling acceptance of chip cards, contactless payments, and QkR! with MasterPass. This means spectators can take advantage of the latest payment technologies, including Apple Pay. PGA Tour golfers, Brandt Snedeker (L) and Ian Poulter team up with MasterCard at Arnold Palmer Invitational to see the latest and greatest in payment technology at Bay Hill in Orlando, Florida . (Photo: Alex Menendez / Getty Images ) QkR! with MasterPass will allow fans to order and pay for concessions at the event directly from their...
March 18, 2015
Itaú and MasterCard Sign Agreement That Expands Relationship
Itaú and MasterCard announced today the signing of a new 20-year agreement that further strengthens the long-term relationship between the two companies. As part of the agreement, Itaú and MasterCard will establish and operate a new electronic payments network in Brazil . In addition, Itaú will issue payment solutions including credit, debit and pre-paid cards as part of the newly created payments network and focus on enhancing the efficiency of their payment value chain. MasterCard will be responsible for managing the operations of the new network and transaction routing. "This strategic alliance will allow us to focus on growing the issuing and acquiring operations, especially as it relates to the new payments network. This will offer access to new payment technologies, benefit from economies of scale and efficiency, and capitalize on MasterCard’s experience in managing leading payment brands," said Milton Maluhy Filho, executive director of Itaú Unibanco. "We will continue working...
March 16, 2015