STUTTGART, Germany & PURCHASE, N.Y., September 25, 2023--Mercedes-Benz customers in Germany can now start the fueling process directly from their vehicle and pay digitally by fingerprint. Eliminating the need to enter a PIN or authenticate via mobile device, drivers can now leverage convenient payments to enhance the in-vehicle experience. The native in-car payment service via Mercedes pay+ will turn the car into a form of payment device and can be used to make payments at service stations using
With a trailing five-year return of 88% (as of Sept. 19), Mastercard (NYSE: MA) shares have outperformed the S&P 500 and the Nasdaq Composite Index during that time. Shares have performed so well in the past because of Mastercard's impressive financial performance. Revenue growth has averaged more than 12% between 2017 and 2022.
With the holiday season approaching, consumer habits have been a topic on many retailers’ minds. David French, NRF Senior Vice President of Government Relations joins Yahoo Finance’s Seana Smith and Brad Smith to assess how credit card fees and the general state of the economy will impact holiday spending. French says he still sees “signs of weaknesses” despite the average American household having savings to last them through the end of the year. With tighter credit conditions, French expects consumers to hold onto their money, predicting that consumers will cut back on discretionary spending— specifically for services. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.