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Stock Market & Financial Investment News

News Breaks
April 3, 2014
11:05 EDTMA, VFCA announces competition review into credit cards
The Financial Conduct Authority confirmed its intention to undertake a competition review into the U.K.’s GBP150B credit card market at the end of this year. The watchdog said the U.K.'s 30M plus cardholders hold at least one credit card, such as those issued by high street banks, and it would explore whether competition in this market was working effectively for consumers, especially those in difficult financial situations. The FCA said it would launch the review at the end of this year with a focus on those who are barely able to pay the minimum amounts each month.
News For MA;V From The Last 14 Days
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October 1, 2014
11:46 EDTVVantiv names Drury Chief Marketing Officer
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08:05 EDTMAVeriFone says MasterCard acquirer provides mobile POS cababilities in Peru
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September 30, 2014
10:01 EDTMA, VBank of America begins rollout of chip debit cards
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September 29, 2014
11:29 EDTMAMasterCard faces added damages in U.K. card fee lawsuit, Bloomberg says
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September 24, 2014
11:19 EDTVVisa creates 2K technologists positions, new India technology center
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September 23, 2014
08:12 EDTMAEconomic Club of Canada to h old a luncheon meeting
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September 22, 2014
07:14 EDTVGSM Association to hold a conference
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September 19, 2014
07:18 EDTMAWeb.com to hold a summit
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September 18, 2014
14:31 EDTMACapital One said to bump Amex as Costco Canada card issuer, Bloomberg says
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14:14 EDTMACapital One said to replace American Express as Costco Canada card issuer
MasterCard said to be processor for new Costco Canada cards. Reported by Bloomberg.
05:31 EDTVVisa to undertake assessment of stake in Monitise
Visa (V) and Monitise entered into an alliance agreement in 2009. At the same time, Visa began investing in Monitise. Given the maturation of Monitise as a company, Visa is considering its options with respect to the investment and has engaged J.P. Morgan Securities (JPM) to assist. Visa will also be lessening its dependence on external mobile development resources. In 2009, in conjunction with its commercial partnership, Visa invested in Monitise as a 14.4% owner of the company in order to provide capital support to a leader in the evolution of the mobile payments sector. Over time, Visa’s holdings have been reduced to its current 5.5% stake in the company. This reduction in ownership and associated influence is consistent with Visa’s investment practice to seed emerging players and, over time, taper that influence as the partner company grows. Under their agreement, Monitise will provide Visa with mobile platform development services through 2016. As both Visa and the payments industry evolve at a rapid pace, Visa intends to continue increasing its investment in its own in-house capabilities and, as a result, reducing its use of external resources.

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