| From: JakeStraw | 8/31/2017 9:50:26 AM | | | | | | Mastercard is adding payment capabilities to the newly launched Garmin® vívoactive® 3, enabling active customers to make contactless payments.
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Bringing secure payment functionality to the Garmin vívoactive® 3 is the latest initiative within the Mastercard Commerce for Every Device program that is designed to provide consumers a safe and secure way to pay from any device of their choice. Simplicity and security are at the core of the Garmin Pay capability. By using Mastercard’s industry-leading token service, the 16-digit card number found on the front or back of a payment card is replaced by a unique alternate number or “token.” The token number is not only different from the card number but is also, on its own, useless, when trying to perform a transaction via a different device – making each transaction secure.
“We want to be true training partners and support the active lifestyles of our users,” said Dan Bartel, Garmin vice president of worldwide sales. “With Mastercard technology, our users no longer need to be tethered to their physical wallets and can pay for things in a safe, simple, and secure way. This partnership enables us to empower our consumers to use the device that is most convenient to them, with a high level of security.” |
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| From: JakeStraw | 9/8/2017 2:21:52 PM | | | | | | | Mastercard Incorporated had its price target raised by analysts at Credit Suisse Group from $128.00 to $145.00. They now have an "outperform" rating on the stock. |
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| From: JakeStraw | 9/11/2017 3:32:05 PM | | | | | | | Mastercard Incorporated was upgraded by analysts at Guggenheim from a "neutral" rating to a "buy" rating. They now have a $153.00 price target on the stock. |
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| From: JakeStraw | 10/18/2017 3:05:42 PM | | | | | | | Mastercard Incorporated had its price target raised by analysts at Citigroup Inc. from $157.00 to $167.00. They now have a "buy" rating on the stock |
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| From: JakeStraw | 10/31/2017 1:54:12 PM | | | | | | Mastercard Incorporated Reports
Third-Quarter 2017 Financial Results
• Record third-quarter net income of $1.4 billion, or $1.34 per diluted share
• Record third-quarter net revenues of $3.4 billion, or an increase of 18%
• Third-quarter gross dollar volume up 10% and purchase volume up 11%
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| From: JakeStraw | 12/29/2017 11:07:55 AM | | | | | | Mastercard's priceless innovation
Over the past couple of years, Mastercard has been one of the leaders in in making digital payments safe and secure. In 2016, the company introduced its "Selfie Pay" feature, which allows card holders to opt into a program requiring them to take a selfie before an online purchase is authorized. Later in 2016, Mastercard launched its Decision Intelligence platform, an AI-based program that helps retailers make real-time judgments on fraudulent purchases. This year, Mastercard acquired NuData Security, a company specializing in passive biometrics -- which includes things like how you type on your computer or how you hold your smartphone -- to determine if a transaction is fraudulent.
In its third-quarter conference call (this and other quotes courtesy of S&P Global Market Intelligence) Mastercard CEO Ajay Banga was pleased to announce more innovative security features the company was working on, especially in the area of recurring payments where merchants store consumers' credit card information on their site:
"We've also been working to enhance the security of digital transactions through the tokenization of cards stored on a merchant's website or in their app. When consumers keep their cards on file, as some of you probably do, checkout is faster, more convenient. Merchants can easily process recurring payments. Now when you token-ize the credentials that are kept on file, it becomes useless if a fraudster steals them and attempts to use them somewhere else..."
Banga said the company had also released an Automatic Billing Updater which is "able to keep payment credentials up to date in real-time when an expired, lost or stolen card is replaced." For both features the company already has a pretty big first customer: Netflix.
Mastercard reports revenue for its security features, as well as other products and services beyond its payment network like data analytics, loyalty program management, and consulting services, under what it refers to as its "Other Revenues". In Mastercard's third quarter, its Other Revenues segment had grown to $747 million, a 21% year over year increase. With Mastercard finding new customers for its security services and showing robust growth in its Other Revenues segment, the company's stock could easily continue to give shareholders market-beating returns long into the future.
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| From: JakeStraw | 1/25/2018 11:22:23 AM | | | | | | Mastercard had its price target raised by analysts at Morgan Stanley from $163.00 to $178.00. They now have an "overweight" rating on the stock.
Mastercard had its price target raised by analysts at Oppenheimer Holdings Inc. from $160.00 to $182.00. They now have an "outperform" rating on the stock. |
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