Mastercard (MA) Strengthens Banking Ties, Maintains Dividends

Mastercard Incorporated (NYSE:MA) is one of Goldman Sachs’s top growth stock picks. On February 12, Mastercard Incorporated’s (NYSE:MA) open finance technology became the backbone of Truist Financial’s first-ever open banking platform. Truist will use Mastercard’s open finance API network to replace the risky practice of credential-sharing with tokenized, permissioned API connections. The technology acts as the secure bridge between Truist’s banking systems and third-party fintech applications, and gives consumers full control over who accesses their data and for how long.

Truist is Mastercard’s latest and most prominent US bank partner on this open finance push. Mastercard’s own research projects that global open banking usage will double by 2027. It also estimates that 100 million US consumers already connect their bank accounts to third-party financial apps, a market Mastercard is actively positioning itself to facilitate.

Bart Willaert, Mastercard’s EVP of Open Finance for the Americas, commented on the development and stated that “secure, convenient financial experiences are a gamechanger – but trust is the critical ingredient to ensuring clients and businesses can tap into their full potential.”

Meanwhile, Mastercard’s Board of Directors declared a quarterly cash dividend of $0.87 per share on February 10. All stockholders of record as of April 9, 2026, will receive the payment on May 8, said Mastercard.

Mastercard Incorporated (NYSE:MA) operates a global payments network that facilitates electronic transactions between consumers, merchants, financial institutions, and governments. Its services include credit, debit, prepaid, and commercial card programs, as well as digital payment solutions and fraud prevention technologies.

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Disclosure: None. This article is originally published at Insider Monkey.