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Stock Market & Financial Investment News

News Breaks
March 15, 2013
05:55 EDTV, VVisa management to meet with RBC Capital
Meeting to be held in the New York/Mid-Atlantic area on March 19 hosted by RBC Capital.
News For V From The Last 14 Days
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November 24, 2015
12:45 EDTVSwatch signs deal with Visa on payment watch, Reuters reports
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November 23, 2015
09:00 EDTVChase Visa cardholders can now use Samsung Pay
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November 19, 2015
07:26 EDTVBottomline Technologies affiliation with Visa should open doors, says Stephens
Stephens analyst Brett Huff does not believe Paymode's new partnership with Visa (V) will lead to material revenue for Bottomline Technologies (EPAY) in the near-term, but he does think the affiliation should open doors at bank channel partner and payor prospects and provide more growth opportunities for Paymode over time. Huff keeps an Overweight rating and $31 price target on Bottomline shares.
November 18, 2015
11:00 EDTVTarget sees industry's move to EMV restoring confidence to U.S. payment system
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07:49 EDTVBottomline Technologies announces strategic alliance with Visa
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November 12, 2015
09:19 EDTVPayPal sinks with Apple eyeing peer-to-peer payments
Shares of PayPal (PYPL) are weak again this morning following a report yesterday afternoon alleging that Apple (AAPL) is set to launch a competitor to one of the payment technology company's offerings. Analysts that were already split about PayPal's prospects are also divided on the potential impact of Apple's entry, with a bull at Citi downplaying the risk and a bear at Piper Jaffray voicing greater concern. APPLE COMPETITION: Apple is in talks with U.S. banks to create a mobile person-to-person payment service, reported The Wall Street Journal yesterday afternoon, citing people familiar with the matter. Apple's service, which would likely be linked to the company's Apple Pay system and could get off the ground next year, would compete with PayPal's Venmo peer-to-peer, or P2P, payment platform, the Journal said. BULLISH TAKE: Citi analyst Ashwin Shirvaikar says his Buy thesis on PayPal is unchanged after the Journal's report regarding Apple's efforts. Apple is a "viable competitor in a crowded field," but its product is unlikely to change the near-term growth trajectory of PayPal's Venmo, Shirvaikar told investors in a research note. He keeps a Buy rating on PayPal with a $44 price target. BEARISH TAKE: Piper Jaffray analyst Gene Munster believes Apple's reported plans for a P2P payment offering sometime in 2016 will have limited to no impact on his model for the iPhone maker, but cautions that more mobile wallets offering P2P will add to the challenges facing PayPal's Venmo. The analyst believes the "real estate for all logos at the point-of-sale will be scarce and cluttered," noting that in addition to new entrants like Apple Pay, Samsung Pay, Google's (GOOG) Android Pay, JPMorgan's (JPM) Chase Pay, MCX/CurrentC and PayPal there are still legacy players such as Visa (V) Checkout, MasterCard (MA) Masterpass, and American Express' (AXP) Express Checkout. Munster thinks Venmo is a strong offering that will keep gaining share, but in addition to competition, he sees low interest rates hindering float income and thinks the value proposition for consumers and merchants remains "uncertain." The analyst keeps an Underweight on PayPal, which is the firm's equivalent of a "sell" rating, with a $30 target for its shares. PRICE ACTION: Shares of PayPal slipped 1.8% to close at $36.33 yesterday following the Journal's report. In pre-market trading, the stock fell another 1% to $36 per share.
08:42 EDTVSunTrust to hold a conference
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08:06 EDTVHeartland, Pinnacle Corp to offer integrated EMV POS solution
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November 11, 2015
07:55 EDTVRBC Capital to hold a conference
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