New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 10, 2014
04:55 EDTBTCS, BTCS, EVTC, EVTC, MCRS, MCRS, MA, MA, XOOM, XOOMCredit Suisse to hold a conference
Future of Payments & Commerce Conference to be held in San Francisco on June 10-11.
News For BTCS;EVTC;MCRS;MA;XOOM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2015
08:09 EDTMAStonegate Bank, MasterCard enable U.S.-issued debit cards for use in Cuba
Subscribe for More Information
November 18, 2015
11:00 EDTMATarget sees industry's move to EMV restoring confidence to U.S. payment system
Subscribe for More Information
November 16, 2015
06:35 EDTMAMasterCard eyes double-digit growth in China, Reuters reports
Subscribe for More Information
November 12, 2015
12:31 EDTXOOMPayPal will see limited impact from competition, says Baird
Baird analyst Colin Sebastian expects competition from other online payment platforms, including Apple's (AAPL) ApplePay, to have a limited impact on PayPal (PYPL). The cross-border remittance market, with regulations, compliance costs and management of fraud risk, has high barriers to entry, Sebastian tells investors in an intraday research note. He believes PayPal's combination with Xoom (XOOM) creates a "well-established remittance service" that should see accelerating growth. The ApplePay remittance threat "seems misunderstood," Sebastian argues. He keeps an Outperform rating on PayPal with a $45 price target. The stock is down today $1.04 to $35.29.
09:19 EDTMAPayPal sinks with Apple eyeing peer-to-peer payments
Shares of PayPal (PYPL) are weak again this morning following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Analysts that were already split about PayPal's prospects are also divided on the potential impact of Apple's entry, with a bull at Citi downplaying the risk and a bear at Piper Jaffray voicing greater concern. APPLE COMPETITION: Apple is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal yesterday afternoon, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's Venmo peer-to-peer, or P2P, payment platform, the Journal said. BULLISH TAKE: Citi analyst Ashwin Shirvaikar says his Buy thesis on PayPal is unchanged after the Journal's report regarding Apple's efforts. Apple is a "viable competitor in a crowded field," but its product is unlikely to change the near-term growth trajectory of PayPal's Venmo, Shirvaikar told investors in a research note. He keeps a Buy rating on PayPal with a $44 price target. BEARISH TAKE: Piper Jaffray analyst Gene Munster believes Apple's reported plans for a P2P payment offering sometime in 2016 will have limited to no impact on his model for the iPhone maker, but cautions that more mobile wallets offering P2P will add to the challenges facing PayPal's Venmo. The analyst believes the "real estate for all logos at the point-of-sale will be scarce and cluttered," noting that in addition to new entrants like Apple Pay, Samsung Pay, Google's (GOOG) Android Pay, JPMorgan's (JPM) Chase Pay, MCX/CurrentC and PayPal there are still legacy players such as Visa (V) Checkout, MasterCard (MA) Masterpass, and American Express' (AXP) Express Checkout. Munster thinks Venmo is a strong offering that will keep gaining share, but in addition to competition, he sees low interest rates hindering float income and thinks the value proposition for consumers and merchants remains "uncertain." The analyst keeps an Underweight on PayPal, which is the firm's equivalent of a "sell" rating, with a $30 target for its shares. PRICE ACTION: Shares of PayPal slipped 1.8% to close at $36.33 yesterday following the Journal's report. In pre-market trading, the stock fell another 1% to $36 per share.
09:01 EDTXOOMPayPal says 'no change' to FY15 guidance based on Xoom acquisition
Subscribe for More Information
09:01 EDTXOOMPayPal completes acquisition of Xoom for $25 per share in cash
PayPal, Inc. (PYPL) and Xoom Corporation (XOOM) announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on July 1, 2015, PayPal acquired all of the outstanding shares of Xoom for $25 per share in cash. Xoom will operate as a separate service within PayPal under the continued leadership of John Kunze, who has joined PayPal's executive staff and will report to PayPal CEO Dan Schulman.
08:50 EDTXOOMXoom trading halted pending information
08:06 EDTMAHeartland, Pinnacle Corp to offer integrated EMV POS solution
Subscribe for More Information
November 11, 2015
16:12 EDTMAMasterCard makes several executive appointments for 2016
Subscribe for More Information
10:44 EDTMAMasterCard: Watches, digital wallets good for future of transactions
Subscribe for More Information
10:29 EDTMAMasterCard's McWilton: Cash and check markets still major competitor to cards
Subscribe for More Information
07:55 EDTMARBC Capital to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use