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 ...

Mastercard Incorporated (NYSE:MA) Present at Goldman Sachs Communacopia + Technology Conference September 9, 2024 6:05 PM ET Company Participants Michael Miebach - Chief Executive Officer Conference Call Participants Will Nance - Goldman Sachs Will Nance All right, guys, we're getting started. My name is Will Nance. I cover payments and fintech here at Goldman. We're delighted to have Michael from Mastercard today. Michael was a last-minute addition to the schedule. We're obviously pleased to have him. Sad ...

Mastercard Incorporated (MA) stock gained 11.6% in the year-to-date period compared with the industry’s 7.3% rise and the broader sector’s rally of 7.5%. However, it underperformed the S&P 500 Index’s rise of 13.3%. MA is trading above its 50-day and 200-day moving averages, indicating solid upward momentum.The company’s increasing cross-border volumes, coupled with resilient consumer spending and diversification with value-added services, have been supporting the stock. Strong purchase volume growth in Eur ...

Saudi financial services startup barq will leverage Mastercard Gateway technology to expand the range of payment acceptance solutions it offers to merchants and consumers.The startup’s partnership with Mastercard will enable it to deliver additional offerings to Saudi businesses, citizens and residents who are increasingly looking for cross-border services and remittance solutions, the companies said in a Friday (Sept. 6) press release.Mastercard Gateway delivers payment processing and fraud prevention tech ...

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 ...

Throughout August, the general stock market largely traded in positive territory, with specific equities standing out. However, as September begins, several stocks will likely attract significant buying pressure, which could increase their market capitalization. Notably, one of the coveted market cap targets is reaching the $500 billion mark. In this context, Finbold has identified two stocks likely to hit this milestone in September. Both companies are on a growth trajectory that could see them join the el ...