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Stock Market & Financial Investment News

News Breaks
January 18, 2013
10:45 EDTGPN, GPN, V, V, MA, MABarclays' business services research team holds analyst/industry conference call
Analyst Research Team discusses Global Payments' investor day, the recently held NRF 2013 and the Visa/Mastercard 4Q12 transaction and volume metrics on an Analyst/Industry conference call to be held on January 18 at 11 am.
News For GPN;V;MA From The Last 14 Days
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March 5, 2015
11:34 EDTVCostco sees FY15 CapEx $2.5B-$2.7B
Costco (COST) says plans to open 20 new locations for rest of FY15. Sees opening "just a few" locations in Q3, 18 in Q4, with 10 in the U.S. and 10 international locations. Says U.S. Canada renewal rates at 91% in Q2. Says co-branded credit card with Citi (C), Visa (V) to be fee free. Believes deal will benefit shareholders long-term. Still sees FY15 CapEx $2.5B-$2.7B. Reports Q2-end membership 32.7M. Comments made on the Q2 earnings conference call. Costco is up 1.98% to $150.09 in late morning trading.
March 4, 2015
09:36 EDTVActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AA AMZN CELG MCD SINA TSLA V TWTR PBR
08:32 EDTGPNGlobal Payments announces agreement with New West Technologies
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08:00 EDTMACiti, MasterCard sign new global 10-year agreement
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March 3, 2015
08:30 EDTVVisa should benefit from proliferation of token services, says Pacific Crest
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08:18 EDTMAMasterCard partners with Egyptian government to extend financial services
The Government of Egypt, represented by the Ministry of Communications and Information Technology, and MasterCard announced the details of a recent Memorandum of Understanding that will aim to extend financial services to 54M Egyptians. As part of the agreement, MasterCard will work with the government to roll out a digital ID program that links citizens’ national ID to the existing national mobile money platform, allowing Egyptians to participate in the formal electronic economy.
March 2, 2015
11:06 EDTVVisa, Accenture, Pizza Hut partner for 'connected car' commerce experience
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09:03 EDTV, MAU.S. Bancorp announces working with Samsung mobile payment service
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08:11 EDTV, MACapital One slips after Costco enters co-brand card pact with Visa, Citi
Shares of Capital One (COF) are slipping in pre-market trading after Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The Fly notes that on February 12 American Express (AXP) announced that its U.S. co-brand and merchant acceptance agreements with Costco are set to end on March 31, 2016. On October 1 of last year, MasterCard Canada (MA) entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. In addition, Capital One rolled out a new cobranded MasterCard credit card with Costco Canada at that time, which may have led some to speculate that Capital One and MasterCard could have the inside track for a U.S. deal with Costco. In pre-market trading, Capital One shares slid 0.56% to $78.27 and MasterCard shares slipped fractionally lower to $90.
08:06 EDTVCostco enters long-term co-brand credit card agreement with Citi, Visa
Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi. Under the terms of the agreements, Citi, the world's largest issuer of consumer credit cards, would become the exclusive issuer of Costco's co-brand credit cards and Visa will replace American Express as the credit card network for Costco in the United States and Puerto Rico beginning April 1, 2016. Once issued, Costco's co-brand Visa credit card would provide generous rewards to Costco members, serve as the Costco membership card, and would be accepted at Costco locations in the United States and Puerto Rico, as well as all merchants worldwide that accept Visa credit cards. Costco will provide its members with additional information in the coming months regarding the anticipated transition from its existing co-brand credit card program.
08:06 EDTMAMasterCard announces global partnership with Cubic Transportation Systems
MasterCard (MA) announced a global partnership with Cubic Transportation Systems (CUB), a provider for smart city solutions across North America, Europe, Middle East and Asia-Pacific. The alliance is designed to help the millions of daily commuters around the world experience faster, more convenient and personalized ways to get around, tapping into the power of their mobile devices. The partnership will help accelerate the conversion of the currently $200B cash payments into digital payments, saving operators cost for cash-handling and speeding up through-put.
08:06 EDTVCostco enters long-term co-brand credit card agreement with Citi, Visa
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March 1, 2015
16:46 EDTVVisa to support consumer payments with Samsung Pay
Visa (V) announced it is supporting consumer payments with the new Samsung (SSNLF) Galaxy S6. Eligible consumers in the U.S. will be able to make secure Visa payments with Samsung Pay, Samsung’s new payment service scheduled to launch this summer.
16:37 EDTMASamsung Pay will enable MasterCard
Samsung Electronics (SSNLF) has unveiled Samsung Pay, a mobile payment service that will enable MasterCard (MA) cardholders to use their Samsung Galaxy S6 for everyday in-store purchases. The company added, "MasterCard built the foundation for secure digital transactions, so consumers can use their cards when, where and how they want. Samsung Pay delivers a seamless and secure mobile payment experience that will work at both contactless-enabled and most traditional point of sale terminals. For consumers and merchants alike, that means that every purchase made with a MasterCard using a Samsung Galaxy S6 will offer the enhanced security, benefits and guarantees of a digital MasterCard transaction including the latest tokenization technology. Owners of the new device will be able to use their MasterCard credit and debit cards from participating banks directly through Samsung Pay."
February 27, 2015
15:29 EDTMAMasterCard recommends rejection of 'mini-tender' offer from TRC Capital
MasterCard announced that it has been notified of an unsolicited "mini-tender" offer dated February 25, 2015, made by TRC Capital, a private Canadian investment company, to purchase up to 1.5M shares of MasterCard's common stock, less than one fifth of 1% of the outstanding shares of common stock. TRC Capital's unsolicited "mini-tender" offer price of $88.50 per share is approximately 4.5% below the $92.67 per share closing price of MasterCard's common stock on February 25, the last trading day prior to the commencement of the offer. MasterCard is not affiliated in any way with TRC Capital, the offer, or the offer documentation. MasterCard recommends against shareholders tendering shares in response to this unsolicited offer.
12:01 EDTVVisa to acquire TrialPay, terms not disclosed
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February 26, 2015
06:46 EDTV, MADeutsche sees American Express as undervalued, upgrades to Buy
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February 24, 2015
07:25 EDTMARW Baird to hold a conference
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06:39 EDTMA, VVisa Europe announces 'tokenisation service'
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February 20, 2015
06:49 EDTVVisa shifting to local payment systems in Russia, WSJ says
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