Mastercard Incorporated (NYSE:MA) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure.
As previously disclosed, Mastercard Incorporated (the “Company”) and the parties to the U.S. merchant class litigation have been in active mediation. As a result of advances in negotiations related to the monetary damages claims, the Company expects to increase its reserve during the second quarter of 2018 by an estimated $210 million for both the merchant class litigation and the filed and anticipated opt-out merchant cases.
Forward-Looking statements
This Report contains forward-looking statements to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts may be forward-looking statements. When used in this Report, the words “believe”, “expect”, “could”, “may”, “would”, “will”, “trend” and similar words are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements that relate to the Company’s future prospects, developments and business strategies. Please see a complete discussion of these risk factors in Part I, Item 1A – Risk Factors of the Company’s Annual Report on Form 10-K for the year endedDecember31, 2017. Our forward-looking statements speak only as of the date of this Report or as of the date they are made, and we undertake no obligation to update our forward-looking statements.
About Mastercard Incorporated (NYSE:MA)
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus. Its offerings include loyalty and reward programs, information services and consulting. It provides a range of products and solutions that support payment products that customers can offer to their cardholders. The Company’s services facilitate transactions on the MasterCard Network among cardholders, merchants, financial institutions and governments. The Company’s programs include consumer credit, commercial, and debit and prepaid. The Company’s offerings and platforms include premium, travel, purchasing and fleet cards and programs.