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May 10 Mastercard (MA) exec Tim Murphy warns that consumer spending on luxury items fell back - providing a "cause for concern" for the company as it actively seeks more affluent customers. After consumers showed a healthy 11.7% increase in spending for high-end items in February, the pace slowed in March and April to 1.8% and 5.5%, respectively.
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Company Description
MasterCard is a leading global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of approximately 23,000 financial institutions and other entities that are our customers. Through our three-tiered business model as... More
