I talked about it earlier. Transaction processing fees were down 6%, while switched transactions were down 10%. I think there's a huge opportunity, Lisa's question, we just talked about it in terms of what else we can do, the longer-term trend linked to underlying digital data flowing through. The acquisition in open banking, that area obviously has been getting a lot of attention. ET. As you rightly said, we talked about it earlier, we see fraud rates increasing, more transaction happening digitally. MasterCard Incorporated Q4 2019 Earnings Conference Jan 29, 2020 • 09:00 am ET. So all around, I see clear differentiation of Finicity versus other players that make them, as far as I can see, our best possible partner. We have focused on issues that matter to the black community as well as to others including delivering on our commitment to bring 500 million individuals into the financial system. These figures are adjusted for non-recurring items. We're also providing a comprehensive suite of installment capabilities through API-based solutions, partnerships and acquisitions, all of which provide greater choice in lending solutions for merchants and consumers, both online and in-store which is particularly important in a credit-challenged, post-COVID environment. The 4 ppt difference is primarily driven by favorable mix. In 2019, Mastercard employees in the United States who are people of color were paid the same as Caucasian employees. The credit services provider reported $1.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by $0.05. Yeah. Turning to operating expenses. Mastercard (NYSE: MA) is scheduled to announce Q2 earnings results on Thursday, July 30th, before market open. Do you think that's sustainable even beyond the pandemic as well? So that's what I would say where we are on that. And Lisa, you can see the effort of both organic and inorganic build that we've been trying to do in that space. And we will continue to monitor the situation closely and adapt quickly as circumstances change. So as more and more money gets deposited in people's bank accounts, they're utilizing the debit product to go and access that amount. We want to prevent fraud to start with. At the other end of the spectrum would be strategy and consulting projects which involve potentially some travel. And here, Finicity is clearly a leader. Can you just speak maybe more holistically to Mastercard's initiative to help the broader ecosystem address and rapidly reduce online fraud, specifically things like accelerating deployment of tokens? Card-not-present spend remains healthy. Good to hear your voices. I'm going to wrap up with a few closing thoughts. Following comments from Ajay, Michael and Sachin, the operator will announce your opportunity to get into the queue in the Q&A session. ... 2020 as compared to the … Our Ethoca solutions are scaling quickly. U.S. GDV declined by 5%, with credit down 23%, partially offset by debit growth of 12%. Your next question here comes from the line of Craig Maurer with Autonomous Research. The A&M part is moving from a quarter to the other. I mean we should think about border restrictions even in the context of U.S. and Canada and U.S. with Mexico, right? Each of the other regions have also shown improvement. View this Presentation PDF Format Download (opens in new window) PDF 372 KB Listen to this Presentation Audio Format Download … I wanted to ask about the margins. Get the latest Mastercard earnings report, revenues as well as upcoming MA earnings dates, historical financial reports, news, analysis & more. We hope you are all safe and sound. So in terms of Nets, you mentioned that, we continue to work through the regulatory approval process for that transaction. So on the services side, when you look at the different elements that we have in our portfolio, so here is -- starting off with cyber, there's an immediate need. Globally, there are 2.6 billion Mastercard and Maestro-branded cards issued. So those are the key dimensions of our strategy. While this widely-known consensus … But we're also attracted to Finicity's approach to open banking including their strong commitment to data privacy and transparency, their balanced ecosystem model and their focus on API-based connectivity, all of which are consistent with our principles in the open banking space. As a reminder, intra-Europe transactions are low-yielding than other cross-border transactions. Our digital and multi-rail solutions are enabling us to address key opportunities by providing customer choice and the capabilities required to capture a wide range of payment flows. Stock Advisor launched in February of 2002. The remaining growth was primarily driven by our cyber and intelligence and data and services solutions which continue to perform well. Mastercard (NYSE:MA)Q2 2020 Earnings CallJul 30, 2020, 9:00 a.m. We're now expecting for that to happen in the third quarter. So look, I can't tell you where it's going to go. Now on Finicity. Ladies and … That doesn't make it less of something we should be careful about, just telling you how we're conscious in dealing with it. We seek to do the same in open banking. Mastercard©2020 And for a couple of years, we tell you that this is X acquisition. Yes. I think our multi-rail, open banking and cross-border solutions are enabling us to address a broader set of payment flows, and you should expect to see us continue to be very focused on these opportunities. Mastercard Incorporated (NYSE:MA). So infrastructure, application services is the way that we think about to go to market. They're having slightly different models on providing such services to consumers. In addition, we recently announced a new partnership with Splitit to provide interest-free installments for e-commerce purchases. firstname.lastname@example.org 914-249-4565. [Operator instructions] I would now like to hand the conference over to your speaker today, Warren Kneeshaw, executive vice president of investor relations. Your next question comes from the line of Tien-Tsin Huang with JP Morgan. Outside of the U.S., volume declined by 12%. The year-over … Our comments today regarding our financial results will be on a non-GAAP, currency-neutral basis unless otherwise noted. And then we might end on Wirecard, and I'll make a comment, and then if Sachin has more to say. Mastercard Inc.’s MA second-quarter 2020 earnings of $1.36 per share beat the Zacks Consensus Estimate by 18.3%. So the four-phase framework, what we put in there is we believe we will see normalization on a path to growth once social distancing measures and border restrictions are released. It is cleansed. I think we've demonstrated both in our core card business and our ACH business, the opportunity or the possibility to really drive value for all parties and to earn some revenue for ourselves by participating in these sorts of local or regional initiatives. So Europe, I continue to see noncash displacement on differentiation services and opportunity across the board. Andrew Jeffrey -- SunTrust Robinson Humphrey -- Analyst. Please go ahead, sir. And Dave, to your question around card growth, we're seeing growth across both credit and debit. 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