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Stock Market & Financial Investment News

News Breaks
February 26, 2013
05:31 EDTMA, VIPMasterCard, VimpelCom partner to offer mobile payment solutions
At Mobile World Congress, MasterCard (MA) and VimpelCom (VIP) announced a strategic partnership combining MasterCard's mobile payments technology and solutions with VimpelCom's telecommunications services. The partnership will provide payment solutions to a new generation of customers, both banked and underserved, to VimpelCom's 212M customers in 18 countries. While key markets have been identified for the roll out of mobile money services, a prepaid program in Italy for Wind Italy's customers, in partnership with CartaLIS. Italy will be the first program to launch in 2013. Further country and market deployments will leverage the full range of both companies' complementary solution suites. MasterCard and VimpelCom will bring secure and flexible solutions that answer consumers and merchants' payment needs wherever they are in the world.
News For MA;VIP From The Last 14 Days
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May 21, 2013
14:50 EDTMAWal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link
May 15, 2013
05:44 EDTVIPVimpelCom reports Q1 basic EPS 25c, may not compare to consensus 22c
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May 14, 2013
15:30 EDTVIPNotable companies reporting before tomorrow's open
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06:44 EDTMAVisa Europe offers to reduce inter-bank fees, Reuters says
Visa Europe, the European licensee of Visa (V), is prepared to reduce its interbank credit fees by 50% for four years in order to terminate an EU antitrust probe and prevent itself from possibly being fined, according to Reuters. The reduction would lower Visa Europe's interbank credit fees to 0.3%, the same level as that of MasterCard (MA), EU stated, Reuters reported. Reference Link
May 10, 2013
08:27 EDTMAMasterCard management to meet with Deutsche Bank
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May 9, 2013
09:23 EDTMAMasterCard management to meet with Deutsche Bank
Meetings to be held in Los Angeles/Pasadena on May 9 hosted by Deutsche Bank.
May 8, 2013
08:09 EDTMAMasterCard management to meet with Deutsche Bank
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05:54 EDTVIPVimpelCom CFO to leave the company in September
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May 7, 2013
10:43 EDTMASmartMetric claims $13.4B in patent infringement suit brought against Visa, MasterCard
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07:31 EDTMASusquehanna to host a conference
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07:23 EDTMAJefferies to host a conference
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