Mastercard Incorporated - MA STOCK NEWS

The Mastercard Center for Inclusive Growth has announced the upcoming 2023 Global Inclusive Growth Summit scheduled for April 13, 2023. This event, co-hosted with the Aspen Institute, will feature prominent speakers, including Michael Froman, Vice Chairman of Mastercard, and Hamdi Ulukaya, CEO of Chobani, among others. The summit aims to foster dialogue on sustainable growth amidst pressing global challenges. Participants can register through the provided link. The Mastercard Center is dedicated to advancing economic growth and financial inclusion worldwide through data insights and the Mastercard Impact Fund.

McAfee Corp., a leader in online protection, has expanded its partnership with Mastercard (NYSE: MA) to provide automatic savings on cybersecurity solutions for Mastercard Business cardholders. This initiative responds to a significant increase in cyber threats, which caused over $10 billion in losses to businesses in 2022 according to the FBI Internet Crime Report. Eligible cardholders will receive a 10% rebate on online purchases of McAfee products globally. This partnership marks McAfee as the first cybersecurity partner in Mastercard's Easy Savings program, emphasizing the importance of robust online security for small businesses.

Mastercard has launched the Strive Community, a global initiative aimed at equipping five million small businesses with innovative digital solutions. This initiative seeks to empower entrepreneurs by providing resources such as expert guidance, training, and funding, helping them to thrive in the digital economy. The launch is part of Mastercard's broader commitment to advancing equitable economic growth through its Center for Inclusive Growth. Additionally, the upcoming Global Inclusive Growth Summit will feature discussions on empowering small businesses and driving inclusive growth.

Mastercard has acquired Baffin Bay Networks, a Swedish cloud-based cybersecurity firm, to enhance its multi-layered protection against cyber risks. This strategic acquisition aims to address the rising threat of cyber-attacks, which increased by 22% in 2022. Mastercard will integrate Baffin Bay's automated Threat Protection service with its RiskRecon analytics, enabling businesses to better identify vulnerabilities and stop attackers. The collaboration promises to deliver advanced security solutions to Mastercard's global customer base, aligning with its mission to provide safer digital transactions.

The Mastercard Center for Inclusive Growth will host the 2023 Global Inclusive Growth Summit on April 13, coinciding with the World Bank Group-IMF Spring Meetings in Washington, D.C. The full-day event aims to bring together U.S. and global leaders to discuss significant issues influencing equitable and sustainable economic growth. Participants will focus on building partnerships and meaningful solutions during challenging economic environments. The summit will feature key insights that leverage data, technology, and social impact initiatives to address global challenges, advancing the mission of the Mastercard Center for Inclusive Growth.

Mastercard has launched Element, an innovative suite of applications integrated into its Experience OS, designed to enhance digital personalization for brands and consumers. This initiative leverages Mastercard's proprietary prediction models and consumer spend insights, responding to a growing demand for tailored customer experiences. With 71% of consumers expecting personalized interactions, Element empowers various sectors, including retail and banking, to deliver more relevant offers and insights. The service is built to adapt as consumer behavior evolves, showcasing Mastercard’s commitment to data-driven personalization.

Mastercard announces the launch of the Mastercard Music Pass NFT, a limited-edition, multisensory collectible minted on the Polygon blockchain, set to be released in mid-April. This initiative is part of the Mastercard Artist Accelerator program that supports emerging artists from Latin America and Europe in their transition into the Web3 space. The program provides one-on-one mentorship and educational resources to help artists develop original tracks. Participants gain exclusive access to program content and experiences. Notable artists Manu Manzo and Young Athena are among the first selected. Through this program, Mastercard aims to leverage its longstanding commitment to music innovation.

NORTHAMPTON, MA / ACCESSWIRE / March 7, 2023: The Mastercard Center for Inclusive Growth reveals significant progress in women's financial inclusion, narrowing the gender gap in financial account ownership from 9% to 6% across developing economies, largely driven by advancements in India. However, approximately 740 million women globally remain unbanked. The report emphasizes the challenges faced by women entrepreneurs, exacerbated by the pandemic. Continued investment in digital tools for small businesses is crucial for resilience. In collaboration with Accion, Mastercard has successfully improved digital product usage among women entrepreneurs, leading to increased financial health and business growth.

GIACT, an LSEG business, has partnered with Mastercard to enhance account verification solutions using Open Banking technology. This collaboration aims to provide a secure verification platform that authenticates account ownership and reduces fraud risk for financial institutions. By leveraging Mastercard's capabilities, GIACT will offer comprehensive account information verification for over 95% of U.S. deposit accounts. The partnership supports compliance, streamlines onboarding, and mitigates fraud exposure, ultimately boosting customer experience. The initiative is part of LSEG’s ongoing investment in digital identity and fraud prevention solutions.