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News Breaks | | | | October 22, 2012 | | 09:01 EDT |  | TSS, MA | TSS announces agreement with MasterCard's Truaxis
TSYS (TSS) announced an agreement with Truaxis, a MasterCard (MA) company, to make available transaction- and behavior-specific marketing offers. The new offering integrates cardholder spending patterns and behavior with an innovative platform that delivers personalized rewards, offers, loyalty incentives and other services to the end consumer. | |
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News For TSS;MA From The Last 14 Days Check below for free stories on TSS;MA the last two weeks. |
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| May 23, 2013 | | 14:45 EDT |  | MA | Retailers file new suit against card companies over swipe fees, Bloomberg says
 Subscribe for More Information | | | 11:59 EDT | | MA | Retailers file suit against Visa, MasterCard over credit cards, Bloomberg says
Subscribe for More Information | | | May 22, 2013 | | 18:33 EDT | | TSS | NetSpend says Court denies plaintiff's motion for preliminary injunction
NetSpend Holdings (NTSP) announced that on May 21, the Court of Chancery of the State of Delaware issued a memorandum opinion in Koehler v. NetSpend Holdings et al. denying the plaintiff's motion for a preliminary injunction, which sought to enjoin a shareholder vote on the company's proposed merger with Total System Services (TSS), while finding that a reasonable likelihood exists that the sales process undertaken by the NetSpend Board of Directors was not designed to produce the best price for the stockholders. NetSpend believes that its Board of Directors acted appropriately and pursued a process intended to achieve the best price for the company and intends to continue to vigorously defend itself in the litigation. The Court's ruling will not affect the timing of the company's special meeting of stockholders, which will be held as scheduled on May 31. | | | May 21, 2013 | | 14:50 EDT | | MA | Wal-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 14, 2013 | | 06:44 EDT | | MA | Visa 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 EDT |  | MA | MasterCard management to meet with Deutsche Bank
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