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Mastercard & Enfuce Launch E2 Cards in Key European Markets
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Mastercard Incorporated (MA - Free Report) 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 another and enables them to be in control of their payments. The ability to shift from debit to credit card while making a transaction will save customers overdraft fees. Moreover, with added flexibility and convenience, Mastercard will see an increased transaction volume across both its credit and debit networks. This, in turn, should boost its top line and fulfill the demand for flexible payment options.
The application of credit and debit cards is linked with customers' accounts, ensuring the funds are used from the correct accounts. When transacting digitally, customers will have custom designs for each of the cards to avoid confusion. This partnership also supports MA’s sustainability goals by reducing the number of cards and plastic consumption.
Mastercard has been at the forefront of introducing innovative solutions for its customers in the fintech space. Mastercard seems to intensify its focus on growing through partnerships to unveil new card offerings. Its payment network net revenues improved 7% year over year in the second quarter.
Shares of Mastercard have gained 17.1% in the past year compared with the industry’s 16% growth.
The bottom line of RCM Technologies outpaced estimates in three of the last four quarters and matched the mark once, the average surprise being 17.49%. The Zacks Consensus Estimate for RCMT’s 2024 earnings indicates an improvement of 10.4% from the year-ago reported figure. The consensus mark for revenues implies growth of 5.3% from the year-ago reported number. The consensus mark for RCMT’s earnings has moved 2.2% north in the past 30 days.
The bottom line of Trane Technologies outpaced estimates in each of the last four quarters, the average surprise being 8.05%. The Zacks Consensus Estimate for TT’s 2024 earnings indicates an improvement of 19.7% from the year-ago reported figure. The consensus mark for revenues implies growth of 10.6% from the year-ago reported number. The consensus mark for TT’s earnings has moved 3.1% north in the past 30 days.
The bottom line of OppFi outpaced estimates in each of the last four quarters, the average surprise being 128.4%.The Zacks Consensus Estimate for OPFI’s 2024 earnings indicates an improvement of 45.1% from the year-ago reported figure. The consensus mark for revenues implies growth of 1.2% from the year-ago reported number. The consensus mark for OPFI’s earnings has moved 23.3% north in the past 60 days.
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Mastercard & Enfuce Launch E2 Cards in Key European Markets
Mastercard Incorporated (MA - Free Report) 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 another and enables them to be in control of their payments. The ability to shift from debit to credit card while making a transaction will save customers overdraft fees. Moreover, with added flexibility and convenience, Mastercard will see an increased transaction volume across both its credit and debit networks. This, in turn, should boost its top line and fulfill the demand for flexible payment options.
The application of credit and debit cards is linked with customers' accounts, ensuring the funds are used from the correct accounts. When transacting digitally, customers will have custom designs for each of the cards to avoid confusion. This partnership also supports MA’s sustainability goals by reducing the number of cards and plastic consumption.
Mastercard has been at the forefront of introducing innovative solutions for its customers in the fintech space. Mastercard seems to intensify its focus on growing through partnerships to unveil new card offerings. Its payment network net revenues improved 7% year over year in the second quarter.
Shares of Mastercard have gained 17.1% in the past year compared with the industry’s 16% growth.
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MA’s Zacks Rank & Key Picks
MA currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Business Services space are RCM Technologies, Inc. (RCMT - Free Report) , Trane Technologies plc (TT - Free Report) , and OppFi Inc. (OPFI - Free Report) . RCM Technologies sports a Zacks Rank #1 (Strong Buy), while Trane Technologies and OppFi carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The bottom line of RCM Technologies outpaced estimates in three of the last four quarters and matched the mark once, the average surprise being 17.49%. The Zacks Consensus Estimate for RCMT’s 2024 earnings indicates an improvement of 10.4% from the year-ago reported figure. The consensus mark for revenues implies growth of 5.3% from the year-ago reported number. The consensus mark for RCMT’s earnings has moved 2.2% north in the past 30 days.
The bottom line of Trane Technologies outpaced estimates in each of the last four quarters, the average surprise being 8.05%. The Zacks Consensus Estimate for TT’s 2024 earnings indicates an improvement of 19.7% from the year-ago reported figure. The consensus mark for revenues implies growth of 10.6% from the year-ago reported number. The consensus mark for TT’s earnings has moved 3.1% north in the past 30 days.
The bottom line of OppFi outpaced estimates in each of the last four quarters, the average surprise being 128.4%.The Zacks Consensus Estimate for OPFI’s 2024 earnings indicates an improvement of 45.1% from the year-ago reported figure. The consensus mark for revenues implies growth of 1.2% from the year-ago reported number. The consensus mark for OPFI’s earnings has moved 23.3% north in the past 60 days.