Mastercard Incorporated (MA) recently teamed up with the urban rail transit system of Beijing and made an announcement that international visitors can now use Tap & Go payments at all urban rail transit stations of China's capital with overseas-issued Mastercard cards. The facility was made available for the targeted individuals from Friday. This Tap & Go service enables inbound travelers to easily access more than 10,000 gates across around 490 urban rail transit stations in Beijing without needing cash or ...

Mastercard Incorporated MA shares are trading higher today. On Thursday, the company announced that it would acquire Recorded Future for $2.65 billion, enhancing cybersecurity services with real-time threat intelligence.This acquisition enhances Mastercard's cybersecurity services, strengthening the insights and intelligence crucial for securing the digital economy, including the payments ecosystem.J.P.Morgan analyst Tien-tsin Huang writes that they see the acquisition as a positive development and note the ...

Mastercard Incorporated (MA) recently agreed to acquire Recorded Future, a leading global threat intelligence company, for $2.65 billion. This acquisition is aimed at enhancing Mastercard's cybersecurity capabilities to protect the payments system and provide a more comprehensive cyber defense for its clients.By integrating Recorded Future’s AI-powered threat intelligence and analytics, Mastercard plans to strengthen its ability to prevent cyber threats, fraud and data breaches, both in payments and across ...

Key TakeawaysMastercard acquired global threat intelligence company Recorded Future.The credit card provider is buying Recorded Future from private equity firm Insight Partners for $2.65 billion.Mastercard said that both companies use artificial intelligence to analyze data to seek out potential cyber threats. Mastercard (MA) moved to boost its cybersecurity infrastructure by purchasing global threat intelligence company Recorded Future from private equity firm Insight Partners for $2.65 billion. The credit ...

Mastercard is spending $2.65 billion to acquire threat intelligence company Recorded Future.The deal, announced Thursday (Sept. 12), “bolsters the insights and intelligence used to secure today’s digital economy – in the payments ecosystem and beyond,” Mastercard said.A company news release describes Recorded Future as “the world’s largest threat intelligence company,” becoming part of Mastercard at a time when cybercrime has ballooned to a $9.2 trillion global problem.“Trust is the foundation of any relati ...

Mastercard Incorporated (MA) recently expanded its partnership with Enfuce, an issuer processing powerhouse, with the launch of E2 cards in Germany, France and the UK. This E2 card is expected to impart benefits to both card issuers and customers by combining the benefits of debit and credit cards into a single card.With this partnership, MA will be aiding Enfuce to roll out E2 cards across Europe after its success in the Nordics. This card provides cardholders the flexibility to switch from one card to ano ...

会议主要讨论的核心内容 消费者支出趋势 - 公司认为消费者支出仍然健康 [2][3][4][5] - 就业市场的强劲支撑了消费支出 [2][3] - 尽管利率和价格较高,但消费者仍能通过数字经济等方式应对 [4][5] 组织架构调整 - 重组区域市场运营结构,优化全球化运营效率 [7][8] - 调整产品和服务组合,与公司战略重点保持一致 [8][9] - 停止一些不重要的业务,将资源重新分配到更有潜力的领域 [9] 增长算法 - 核心支付业务、新支付流和服务是增长的三大支柱 [11][12][13] - 在支付业务上,包括捕捉经济自然流量、加速现金向数字支付的转移,以及拓展新垂直行业和新支付流 [11][12] - 在服务业务上,包括拓展与支付相关的服务,深化现有客户渗透,以及进入新客户和新支付流 [12][13][14] 现金向卡转移机会 - 全球范围内仍有大量现金支付需要数字化,特别是在新兴市场 [15][16] - 即使在发达经济体,如欧洲和日本,也存在大量现金支付需求 [16] - 交易量增长通常高于消费支出增长,反映了卡支付渗透率提升的机会 [17][18][19] 新兴支付方式竞争 - 政府推动的账户到账户支付系统在一些新兴市场出现,但公司能够通过提供安全性等解决方案参与其中 [31][32][33] - 公司采取"合作与竞争"的策略,尊重各国政府的选择,同时也积极参与竞争 [34] 商业支付新机会 - 商业POS和B2B发票支付是两大重点领域 [36][37][38][39][40][41] - 在商业POS方面,包括企业差旅支付卡和小企业支付解决方案 [37][38] - 在B2B发票支付方面,公司提供虚拟卡、ERP系统集成等解决方案 [39][40][41] 增值服务业务 - 包括网络安全、数据洞察和交易处理等服务 [43][44] - 增长策略包括与支付交易相关的服务增长、深化现有客户渗透,以及拓展新客户和新支付流 [45][46][47][48] - 通过内部研发和并购不断丰富服务产品线 [47][48] 问答环节重要的提问和回答 宏观经济和消费者支出 Q: 宏观经济环境和消费者支出趋势如何?[1] A: 公司认为消费者支出仍然健康,就业市场的强劲支撑了消费支出,尽管利率和价格较高,但消费者能够通过数字经济等方式应对 [2][3][4][5] 组织架构调整 Q: 公司最近调整了组织架构,能否介绍一下具体变化及原因?[6] A: 公司重组了区域市场运营结构,优化全球化运营效率,同时也调整了产品和服务组合,与公司战略重点保持一致 [7][8][9] 增长算法 Q: 能否详细介绍一下公司的增长算法?[10] A: 核心支付业务、新支付流和服务是增长的三大支柱,包括捕捉经济自然流量、加速现金向数字支付转移,以及拓展新垂直行业和新支付流等 [11][12][13]

文章核心观点 - Mastercard公司的股价在年初至今期间上涨11.6%,优于行业7.3%的涨幅和更广泛的行业7.5%的涨幅,但低于标准普尔500指数13.3%的涨幅 [1] - 公司跨境交易量增加、消费者支出保持韧性以及多元化的增值服务支撑了股价上涨 [1][2] - 公司在欧洲和拉丁美洲的购买量增长良好,为公司未来发展奠定了基础 [1] 公司业务概况 - 公司业务模式多元化,在运营和地域上都实现了多元化 [2] - 增值服务和解决方案在2024年上半年占总收入的37.7%,较2023年的37%有所提升 [2] - 公司在欧洲、美国、拉丁美洲和加拿大的交易量占比较高,并正在不断拓展在中东欧、拉丁美洲和亚太地区的业务 [2] 公司战略举措 - 公司通过并购和合作伙伴关系战略性地拓展市场覆盖面和增强产品服务 [3] - 公司最近进行了一些组织架构调整,以加快在两个业务板块的增长 [3] - 公司正在通过令牌化、一键支付和支付密钥等方式来优化在线结账体验,并计划在2030年前在欧洲实现摆脱手动输卡的一键结账 [3] - 公司还计划通过生物识别技术来优化线下结账体验 [3] 财务表现 - 公司收入持续增长,反映了消费支出和全球卡片使用量的强劲增长 [4] - 公司数字化举措有望推动未来收入的持续扩张 [4] - 公司提高了2024年净收入指引,显示其对战略举措和应对经济环境的信心 [5] 资本运营 - 公司拥有强劲的现金头寸和稳定的现金流,为战略投资、股票回购和股息派发提供支持 [6] - 2024年上半年公司回购了1020万股普通股,并在7月26日前的季度内又回购了190万股 [6] - 公司在2024年上半年派发了12亿美元的股息 [6] - 随着盈利和现金流的持续增长,公司有望继续实施提升股东价值的举措 [6] 估值分析 - 公司2024年每股收益预期为14.29美元,同比增长16.6% [7] - 公司过去4个季度均超预期,平均超预期3.5% [7] - 公司过去12个月的资产收益率为30.2%,高于行业平均水平14.6% [8] - 从估值角度来看,公司当前市盈率为30.02倍,高于行业平均水平22.33倍,相对较贵 [12][13] 风险因素 - 公司可能面临一些监管障碍,可能会对未来增长率产生负面影响 [10] - 正在进行和潜在的法律诉讼可能会导致财务负债和竞争加剧 [10] - 2023年信用卡竞争法案可能会影响公司的利润率 [10] - 消费支出增长放缓可能会降低交易量增长,从而影响公司的营收 [11] 总结 综合来看,Mastercard公司凭借跨境交易量增长、消费支出韧性以及增值服务业务的多元化发展,前景依然看好。但公司当前估值较高,加上监管和法律风险,短期内可能不是最佳的买入时机,投资者可以持股观望,等待更好的买入时机。

Mastercard Incorporated (MA) recently partnered with Alibaba Group Holding Limited’s (BABA) business-to-business e-commerce platform Alibaba.com and the renowned fintech innovator, Cardless, to introduce a co-branded credit card. This card is branded as Alibaba.com Business Edge Credit Card. People will be able to apply for the card later this year. The credit card will carry an annual fee of $199.The new credit card is designed to benefit small business owners for domestic and cross-border purchases via Al ...

MasterCard (MA) ended the recent trading session at $477.36, demonstrating a -1.2% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.3% for the day. Meanwhile, the Dow lost 0.54%, and the Nasdaq, a tech-heavy index, added 0.25%.Shares of the processor of debit and credit card payments witnessed a gain of 7.4% over the previous month, beating the performance of the Business Services sector with its gain of 5.74% and the S&P 500's gain of 3.42%.The ...