Mastercard's New Tech Could Change How Banks Handle Money and Securities
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2024
0mins
Source: Benzinga
- Mastercard Collaborates with Major U.S. Banks: Testing shared-ledger technology for unified settlement of tokenized assets like commercial bank money and securities.
- Regulated Settlement Network Proof-of-Concept: Aims to simplify international transactions, reduce errors, and minimize fraud risks.
- Revolutionizing Financial Operations: New ledger technology allows different types of money and securities to coexist on a single system once tokenized.
- Financial Institutions Involved: Citigroup, JPMorgan Chase, US Bancorp, Wells Fargo, Visa, Swift, TD Bank, Zions Bancorp, Bank of New York Mellon Corp, and the International Swaps and Derivatives Association.
- Mastercard's Growth and Stock Performance: Reported strong fiscal first-quarter results, focusing on driving electronic payments growth through innovative technologies like tokenization.
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Analyst Views on MA
Wall Street analysts forecast MA stock price to rise
28 Analyst Rating
25 Buy
3 Hold
0 Sell
Strong Buy
Current: 499.620
Low
500.00
Averages
660.00
High
739.00
Current: 499.620
Low
500.00
Averages
660.00
High
739.00
About MA
Mastercard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide by enabling electronic payments and making those payment transactions secure and accessible. It provides a range of payment solutions and services using its brands, including Mastercard, Maestro and Cirrus. It operates a payments network that provides choice and flexibility for consumers, merchants and its customers. Through its proprietary global payments network, it switches (authorizes, clears and settles) payment transactions. Its additional payments capabilities include automated clearing house (ACH) transactions (both batch and real-time account-based payments). It offers security solutions, consumer acquisition and engagement, business and market insights, gateway, processing and open banking, among other services and solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- New Financial Agent: Fifth Third Bank has taken over as the new financial agent for the Direct Express program, replacing Comerica Bank, which signifies a major shift in the Social Security payment system and is expected to enhance service efficiency.
- New Debit Card Distribution: Social Security beneficiaries will receive new Fifth Third Bank Direct Express debit cards this summer, with 3.6 million beneficiaries needing to prepare for the transition and ensure their contact information is updated to receive the new cards.
- Convenience of Direct Deposit: For beneficiaries with bank accounts, opting for direct deposit may be more convenient, mitigating the risk of losing debit cards and promoting safer and more manageable access to funds.
- Customer Support Channels: The Social Security Administration and Fifth Third Bank provide multiple contact options to ensure beneficiaries can smoothly obtain the latest information regarding payment options and the Direct Express program, enhancing accessibility to customer service.
See More
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- Profit Margin Performance: As of March 31, 2026, Visa reported a net income margin of 54%, compared to Mastercard's 46%, suggesting that Visa has a slight edge in profitability, which may attract more investor interest in its stock.
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See More
