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Stock Market & Financial Investment News

News Breaks
April 29, 2014
08:03 EDTTGT, MATarget: REDcard portfolio to be enabled with MasterCard's chip-and-PIN solution
Target (TGT) announced a significant new initiative as part of the company’s accelerated transition to chip-and-PIN-enabled REDcards. Beginning in early 2015, the entire REDcard portfolio, including all Target-branded credit and debit cards, will be enabled with MasterCard’s (MA) chip-and-PIN solution. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards. Ultimately, through this initiative, all of Target’s REDcard products will be chip-and-PIN secured. Earlier this year, Target announced an accelerated $100 million plan to move its REDcard portfolio to chip-and-PIN-enabled technology and to install supporting software and next-generation payment devices in stores. The new payment terminals will be in all 1,797 U.S. stores by this September, six months ahead of schedule. In addition, by early next year, Target will enable all REDcards with chip-and-PIN technology and begin accepting payments from all chip-enabled cards in its stores.
News For TGT;MA From The Last 14 Days
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July 21, 2014
13:36 EDTMASmartMetric files patent infringement suit against Visa, MasterCard
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July 18, 2014
18:12 EDTMA, TGTVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
Merchants that opted out of the swipe-fee settlement brought their own suits, which Visa (V) and MasterCard (MA) were not approved to dismiss, Bloomberg reports. Merchants such as Target (TGT) and Macy’s (M) pursued their cases after dropping out of an earlier settlement over swipe fees, Bloomberg added. Reference Link
14:25 EDTMAVisa, MasterCard denied bid to dismiss opt-out swipe fee suits, Bloomberg says
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July 17, 2014
07:37 EDTMAVisa MasterCard underperformance creates buying opportunity, says Oppenheimer
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July 13, 2014
15:54 EDTTGTGameStop, TJX, Staples, three other retailers look cheap, Barron's says
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July 10, 2014
08:10 EDTMAMorgan Stanley's Vintage Values 2015 list selected
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July 8, 2014
08:22 EDTMAMasterCard coverage resumed with a Buy at Goldman
Target $86.

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