New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For V;MA From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
March 2, 2015
11:06 EDTVVisa, Accenture, Pizza Hut partner for 'connected car' commerce experience
Subscribe for More Information
09:03 EDTV, MAU.S. Bancorp announces working with Samsung mobile payment service
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
February 26, 2015
06:46 EDTMA, VDeutsche sees American Express as undervalued, upgrades to Buy
Subscribe for More Information
February 24, 2015
07:25 EDTMARW Baird to hold a conference
Subscribe for More Information
06:39 EDTV, MAVisa Europe announces 'tokenisation service'
Subscribe for More Information
February 20, 2015
06:49 EDTVVisa shifting to local payment systems in Russia, WSJ says
Subscribe for More Information
February 19, 2015
12:45 EDTMA, VOn The Fly: Midday Wrap
Subscribe for More Information
12:09 EDTV, MAAmerican Express confirms intent to appeal federal court ruling
Subscribe for More Information
11:00 EDTV, MAAmerican Express plans to appeal antitrust ruling, CNBC reports
American Express stated to CNBC that the company is "disappointed" with a court decision in an antitrust matter and plans to file an appeal. "The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks. We continue to believe that the Department of Justice's arguments are flawed and believe we should prevail on appeal," American Express stated. Reference Link
08:04 EDTVVisa to extend Visa Checkout service, totaling 16 markets by late 2015
Visa announced that Visa Checkout will become available in a total of 16 markets in 2015. Currently, consumers from 10 countries can sign up for Visa Checkout. By the end of 2015 Visa Checkout will be available in the following 16 markets: U.S., Australia, and Canada, Argentina, Brazil, Chile, China, Colombia, Hong Kong, Peru, Malaysia, Mexico, New Zealand, Singapore, South Africa and United Arab Emirates. Consumers in newly-enabled markets will first be able to use Visa Checkout to buy from merchants in the U.S., Australia and Canada that accept Visa Checkout and ship internationally. As the rollout continues, select markets will begin to incorporate issuer, merchant, acquirer, and channel partnerships to support local commerce with Visa Checkout. Visa will also launch localized Visa Checkout websites for many of these markets.
February 17, 2015
17:29 EDTVBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
Subscribe for More Information
07:22 EDTVMitsubishi UFJ to hold a tour
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use