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Ackman Bets Big on Financials: Visa, Mastercard, SPGI and ICE Among 6 New Bets
finance10 days ago

Ackman Bets Big on Financials: Visa, Mastercard, SPGI and ICE Among 6 New Bets

Pershing Square disclosed six new stock positions, four of them financials—Visa, Mastercard, S&P Global, and Intercontinental Exchange—alongside Netflix and Alcon. Ackman argues the four financials are “capital-light toll takers” with inflation-resilient, high-volume cash flows and valuable data/services, and notes a long track record with these names, making the six-position move a cautious tilt toward durable, long-term growth.

via currently.att.yahoo.com|
#finance#intercontinental-exchange#mastercard
Ackman Overhauls Portfolio with Six New Holdings, Netflix Among the Bets
finance12 days ago

Ackman Overhauls Portfolio with Six New Holdings, Netflix Among the Bets

Bill Ackman disclosed six new investments for Pershing Square funds, including Netflix, Visa, Mastercard, Alcon, Intercontinental Exchange, and S&P Global, marking his biggest portfolio overhaul in years as he bets earnings growth will drive value. The moves will be held in his funds, including the newly listed Pershing Square USA, with 13F filings expected to reveal the changes; the shift comes amid a period of mixed performance for his vehicles but underscores his ongoing strategy of selective, high-conviction bets.

via Yahoo Finance|
#ackman#finance#mastercard
EU Digital Euro Plan Could Redraw Mastercard's European Payments Landscape
business2 months ago

EU Digital Euro Plan Could Redraw Mastercard's European Payments Landscape

EU institutions are advancing a central bank–issued digital euro to broaden public payments across the bloc, signaling regulators may favor European payment solutions and potentially reduce reliance on global card networks like Mastercard. While not an immediate displacement, the digital euro could influence fees, data access, and payment routing in Europe, impacting Mastercard's cross-border volumes and economics over time. Investors should monitor regulatory developments and how Europe-derived revenue could be affected as designs and timelines firm up.

via Yahoo Finance|
#business#digital-payments#eu-digital-euro
business2 months ago

Mastercard Enables Around-the-Clock On-Chain Settlements with Regulated Stablecoins

Mastercard is expanding its network to support on-chain settlement using regulated stablecoins (such as USDC, PYUSD, USDG, and USDP), enabling real-time, 24/7 cross-border payments. The push involves multiple partners—ARQ, Circle, Paxos, Ripple, Nuvei, Cross River, Lead Bank, and others—to integrate digital asset rails with traditional payments infrastructure, improving liquidity and settlement speed across global flows.

via Mastercard|
#business#cross-border-payments#mastercard
Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins
business5 months ago

Mastercard to acquire BVNK for up to $1.8B, linking traditional payments with stablecoins

Mastercard is acquiring BVNK, a London-based stablecoin infrastructure firm, for up to $1.8 billion (including $300 million in performance-contingent payments), in its largest crypto investment to date. The deal would let Mastercard connect traditional payment rails with blockchain-based stablecoins and tokenized deposits, leveraging BVNK's platform across 130+ countries and major networks as digital currencies gain traction.

via CNBC|
#acquisition#business#bvnk
business5 months ago

Mastercard to Link On-Chain Payments with Fiat Rails via BVNK Buy

Mastercard announced a definitive agreement to acquire BVNK for up to $1.8 billion (including $300 million in contingent payments) to expand its digital-asset capabilities and connect fiat rails to on-chain payments. The deal aims to enable financial institutions to offer stablecoins and tokenized deposits across 130+ countries, combining BVNK’s cross-network infrastructure with Mastercard’s network for faster, interoperable value transfer across currencies and use cases like cross-border remittances, P2P and B2B payments. The transaction remains subject to regulatory review and is expected to close by year-end.

via Mastercard Investor Relations|
#acquisition#business#bvnk
business9 months ago

Legal Settlement May Impact Your Rewards Credit Card Usage

Visa and Mastercard have proposed a settlement that could allow merchants to discriminate between different tiers of their credit cards, potentially leading to declined rewards cards or surcharges for consumers, amid ongoing litigation over interchange fees. The settlement also includes temporary fee reductions but faces opposition from merchant groups who argue it doesn't go far enough to address interchange fee issues.

via 5 EYEWITNESS NEWS|
#business#credit-cards#mastercard
Visa and Mastercard Settlement Could Impact Rewards Credit Card Usage and Fees
business9 months ago

Visa and Mastercard Settlement Could Impact Rewards Credit Card Usage and Fees

Visa and Mastercard have proposed a settlement that could allow merchants to discriminate between different tiers of their cards, potentially leading to declined high-reward credit cards or surcharges for consumers, amid ongoing litigation over interchange fees. The settlement also includes temporary fee reductions but faces opposition from merchant groups who argue it doesn't go far enough, and it does not involve American Express or debit cards.

via AP News|
#business#credit-cards#mastercard