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Stock Market & Financial Investment News

News Breaks
January 30, 2014
08:39 EDTVVisa says Holiday spending reflects 'tepid' recovery of U.S. economy
Visa sees revenue growth rates in Q2 and Q3 to be softer, with uptick in Q4. Sees "significant" uptick in Q2 and Q3 marketing spending due to Olympics and coming World Cup, to fall back down in Q4. Comments from Q1 earnings conference call.
News For 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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September 30, 2014
10:01 EDTVBank of America begins rollout of chip debit cards
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September 24, 2014
11:19 EDTVVisa creates 2K technologists positions, new India technology center
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September 22, 2014
07:14 EDTVGSM Association to hold a conference
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September 18, 2014
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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