The Latest Breaking News from Mastercard

A Russian news outlet says China's credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its attack on Ukraine

Russia has turned to China for microchips it needs to meet surging demand for its domestic bank cards.

Banks have denied their decision is linked to fees charged by Visa and said it was to improve customer experience and promise cards will work 'in exactly the same way'

A whale with a lot of money to spend has taken a noticeably bearish stance on Mastercard. Looking at options history for Mastercard (NYSE:MA) we detected 11 strange trades.

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Barclays analyst sess a modest deceleration in Q1 card-present spending and mixed global online volume growth (both on a 2019 CAGR basis).  Despite the slowdown, it believes that the card spending environment remains healthy, which should be a plus for networks/acquirers/processors. 

Mastercard Inc (NYSE:MA) filed 15 trademark applications for its brand name, its "Priceless" slogan, and its circles logo that point to nonfungible token and metaverse ambitions, the Insider reports. Mastercard's applications filed to the U.S. Patent and Trademark Office outlined plans to process virtual cards, hold entertainment and educational services in the metaverse, and…

The burgeoning recreational marijuana industry – illegal at the federal level yet legal for adults in some 18 U.S. states and Washington DC – has faced multiple challenges throughout the years, mostly because of the Schedule 1 status of the cannabis plant.  The biggest problem? Banking, of course. 

A whale with a lot of money to spend has taken a noticeably bullish stance on Mastercard. Looking at options history for Mastercard (NYSE:MA) we detected 22 strange trades.

Credit card firm Krungthai Card (KTC), digital travel platform Agoda and payment technology company Mastercard have joined forces to launch the "KTC-Agoda Mastercard credit card", aimed at travel lovers.

Someone with a lot of money to spend has taken a bullish stance on Mastercard (NYSE:MA). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.