Mastercard to release name from the sponsorship and reseller logo

Mastercard Inc.

MA, + 1.43%

said Monday that it will release its name from the interlocking red-yellow circle logo at retail locations where Mastercard is accepted both online and in physical stores, and at greater sponsorship properties. "Because the consumer and commerce landscape continues to evolve, the Mastercard symbol represents Mastercard better than one word ever could, and the flexible, modern design will allow it to work seamlessly over the digital landscape," the company said in a release. circles have been a symbol of Mastercard for more than 50 years, while Mastercard shares have fallen almost 1[ads1]1% for the past year while the S&P 500 index

SPX, + 1.12%

is down 7% for the period.

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