Mastercard IncorporatedNYSE: MA

In the most recent trading session, MasterCard (MA) finished at $491.27, which is an increase of 0.37% compared to the previous day.

Mastercard MA has just revealed that it will acquire Recorded Future, the biggest threat intelligence company in the world, to enhance its cybersecurity and threat prevention abilities. This move aims to strengthen Mastercard's defenses against potential threats.

ZURICH--(BUSINESS WIRE)--Squirro, a global SaaS platform based in Switzerland that focuses on generative AI, search, and business insights, has named Gary Kearns as its new Chairman of the Board. This decision adds significant expertise in AI, analytics, and business transformation to the company as it aims to change the landscape of AI-driven business growth and profitability. Gary Kearns brings more than 40 years of experience in enhancing business development.

MA improves its fraud prevention tools by using AI technology, which assists banks in identifying scams as they happen. This innovation not only helps protect customers but also boosts revenue through advanced security measures.

Since its public offering in 2006, where it raised $2.4 billion, Mastercard (NYSE: MA) has seen its stock price increase significantly, by nearly 12,000%. This remarkable growth has made it one of the largest companies globally, with a valuation exceeding $400 billion.

Mastercard is in a good position to gain market share in developing markets and new payment technologies, as more people move towards digital payments. The company's strong advantages, such as its brand, network effects, and cost efficiencies, help support its growth over time. Additionally, revenue from value-added services provides higher profits and diversification, which boosts Mastercard's potential for long-term growth.

MA and Safaricom are planning to increase payment choices and cross-border money transfers for businesses in Kenya.

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According to a Mastercard forecast released on Thursday, U.S. retail sales are predicted to increase by 3.2% during the holiday season. This growth is expected as businesses aim to draw in budget-conscious shoppers during a shorter shopping period this year.