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INX:MA, May 22, 03:46 UTC

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Spectrum Equity Announces Sale of Ethoca to Mastercard

MA

BOSTON & SAN FRANCISCO / ACCESSWIRE / May 21, 2019 /Spectrum Equity, a leading growth equity firm, is pleased to announce that the previously announced acquisition of Ethoca by Mastercard has closed. Ethoca's suite of services delivers significant revenue growth and cost-saving opportunities to more than 5,400 merchants in 40-plus countries and more than 4,000 card issuers in 20-plus countries. During Spectrum Equity's four-year partnership with the Ethoca management team, the company executed on several strategic initiatives, including growing the number of merchants and issuers participating in the global collaboration network and launching Eliminator, a real-time data network enabling ecommerce merchants and card issuers to collaborate and reduce disputes and friendly fraud. With the sale to Mastercard, Ethoca joins several other category-defining Spectrum Equity portfolio companies that have been acquired by leading strategic buyers of risk and compliance software and data businesses, including BMI Research (acquired by Fitch Ratings), RiskMetrics (acquired by MSCI), Seisint (acquired by Lexis Nexis) and World-Check (acquired by Thomson Reuters). For more information on the transaction, refer to the press release issued by Mastercard.

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Friday, May 17


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Cirrus Aircraft Announces New Facility in the Dallas Metroplex Area

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Cirrus Aircraft is also working with local partners, including Western, LLC, on the design and build of the new facility, with construction set to begin in early 2020.“Our goal is to expand the premium experience our customers expect from our flagship Vision Center Campus in Knoxville, and we have found that opportunity at McKinney National Airport,” said Ravi Dharnidharka, Senior Vice President, Cirrus Services at Cirrus Aircraft.In addition to the growth of amenities and services offered to customers in the region, the Cirrus Services facility in McKinney will eventually bring an additional 30 jobs to the local community. Cirrus Aircraft is actively recruiting for a number of positions, including supervisory roles and A&P mechanics. Founded in 1984, the company has redefined performance, comfort and safety in aviation with innovations like the Cirrus Airframe Parachute System® (CAPS®) – the first FAA-certified whole-airframe parachute safety system included as standard equipment on an aircraft. To date, worldwide flight time on Cirrus aircraft has passed 10.5 million hours and 172 people have returned home safely to their families as a result of the inclusion of CAPS as a standard feature on all Cirrus aircraft.

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Thursday, May 16


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Better Buy: Mastercard vs. Visa

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Eric Volkman, The Motley FoolMotley FoolMay 16, 2019, 4:46 PM GMT. Neither of these contestants needs any introduction, because it's probable that they're on your person at this very moment. Most Americans at this point have Visa(NYSE: V) or Mastercard(NYSE: MA) payment cards in their wallets, typically at least one of each. According to a study by research company Euromonitor, in 2016 the amount of payments effected by noncash instruments exceeded traditional cash buys for the first time in history. This is a primary reason why Mastercard and Visa have been posting some impressive, double-digit growth rates over the past few years.

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Mastercard Targets Gig Workers with Lyft Partnership

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Mastercard Targets Gig Workers with Lyft PartnershipPartnership with LyftContinuing with its innovative ways to expand its customer base, Mastercard (MA) is now targeting the “gig economy.” In a gig economy, a substantial portion of the.

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Wednesday, May 15


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Mastercard and Lyft Partner to Provide Drivers Immediate Access to Their Earnings

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Today, Mastercard announced an expanded partnership with Lyft to bring Lyft drivers the tools they need to thrive in the ever-changing gig economy. Lyft Direct Debit, a new co-branded debit card and bank account issued by Stride Bank and powered by Payfare, strengthens drivers’ economic security with hand-picked benefits, including immediate access to their earnings, secure, no-fee bank accounts and cashback on everyday purchases. The program will first launch in eight U.S. cities, including Atlanta, Denver, Houston, Las Vegas, Los Angeles, San Diego, Tampa, and Washington D.C. “The growing gig economy creates a particularly challenging yet exciting opportunity for us to leverage our tech infrastructure, digital payments expertise and data-backed insights to help level the playing field for gig workers,” said Sherri Haymond, executive vice president, Digital Partnerships, Mastercard. "Today, we continue to build on our commitment to drivers with the launch of Lyft Direct, part of our broader Lyft Driver Services program, offering drivers accessible financial solutions and savings opportunities,” said Ashwin Raj, vice president, Payments, Lyft.

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Monday, May 13


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Have Potential To Become A Good Portfolio: ADT Inc. (NYSE:ADT), Mastercard Incorporated (NYSE:MA)

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The highest price of ADT touched in the last 12 month was $9.84 and the lowest price it hit in the same period was $5.88. ADT Inc. (NYSE:ADT) was covered by a number of analysts recently, 1 rated the stock as Buy, 4 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell. The Low Revenue estimate is $4.01 Billion, while High Revenue estimate is $4.18 Billion. For the current Fiscal Quarter, 36 analysts on average are expecting earnings of $1.83 per share. Its weekly performance showed downward trend of -0.21 percent.The Price to Sales (P/S) of Mastercard Incorporated (NYSE:MA) is 16.91, while P/B (Price to Book) stands at 47.31.

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Friday, May 10


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Mastercard Bullish on India, close to US $1 Billion Additional Investment announced - IBG News

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This is a significant investment in technical capabilities which will allow processing of domestic transactions in India, and also provide the potential for the co-design and co-development of such services and solutions locally, in collaboration with global teams, with additional potential for deployment outside India. Commenting on the strategic investment and the longer-term business strategy, Ari Sarker, co-president, Asia Pacific, Mastercard said: “India is a unique country with a progressive payments ecosystem. This incremental investment builds on the previous investment of INR 6,500 crore (US$1 billion) between 2014 and 2019, which included two major acquisitions, new offices in Bengaluru and Gurugram, a Mastercard Lab & Operations Hub in Pune, and a Technology Centre in Vadodara. Mastercard has also worked for years with the Confederation of all India Traders (CAIT) 70 million merchants and traders to enhance awareness and adoption of digital payments.

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Thursday, May 09


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Cirrus Logic Named in Top 10 of Great Place to Work UK’s Top 32 Best Workplaces – Large Category

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Exceptional Workplace Culture, Inclusive Family-Friendly Programmes and Employee Trust Contribute to Cirrus Logic’s Ranking on UK List at Number 9. LONDON--(BUSINESS WIRE)--Cirrus Logic (NASDAQ: CRUS), an Austin, Texas-based semiconductor company with major facilities in the U.K., has been named by Great Place to Work® as one of the U.K.’s top 32 Best Workplaces in the large company category (251-1,000 employees), ranking number 9 in its annual Best Workplaces awards announced on 8 May. “During the past five years of working directly with our U.K. employees, we’ve developed a truly exceptional culture and overall work environment where our employees thrive,” said Jo-Dee Benson, vice president and chief culture officer, Cirrus Logic. Appearing in the top 25 list for the second consecutive year, Cirrus Logic participated in a rigorous selection process that included an employee feedback survey and in-depth questionnaire about its employee programmes and company practices.

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Wednesday, May 08


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Jeff Auxier Comments on Mastercard

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- By Holly LaFon. While the banks in general have languished, Visa and Mastercard (MA) have continued to show strong operating results and enjoy powerful networks in the face of an increasingly competitive payment space. The Fund has now gained over ten times the original investment in Mastercard and nine-fold in Visa. This shows the value of tracking fundamentals of individual businesses and knowing which to hold for the very long term. Mastercard has the third most blockchain patents of any company yet CEO Ajaypal Banga has remained cautious saying that "the business model is not proven" and that there was still "a lot to improve and change over time." However, in a recent conference (Fintech Ideas) Mastercard indicated they are still deeply invested in eventually using blockchain to improve supply chains and deter counterfeit goods.

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Tuesday, May 07


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Mastercard Rises on International Success

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The company's strong top- and bottom-line growth was driven by a 12% increase in gross dollar volume to $1.48 trillion and a 17% increase in switched transactions to 19.2 billion. There was a lot for investors to digest in Mastercard's first quarter, including winning key co-brand card deals for Apple's Apple Card and T-Mobile's Money debit card. Because of these splashy new deals, however, investors could easily have missed some important long-term wins happening overseas. During the company's conference call, CEO Ajay Banga made it a point to highlight the work Mastercard was doing overseas to diversify the company's customer base and strengthen its footprint in new geographies. An agreement with the Bank of Montreal to use Mastercard Send for its commercial accounts' cross-border payments, with additional plans for international cards and mobile wallets to come.

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