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Stock Market & Financial Investment News

News Breaks
May 19, 2014
12:39 EDTVVisa CEO Scharf says Russia situation is 'unfortunate'
Says talking to Russian government about current situation. Says Russia collateral in hundreds of millions. Says new Russian rules beyond what company is willing to do. Says will take "years" for chip card conversion. Says if industry moves to EMV pin, it will, too. Comments made at the JPMorgan Global Technology, Media and Telecom Conference.
News For V From The Last 14 Days
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October 16, 2014
16:23 EDTVJPMorgan announces Apple Pay to be available to Chase customers, merchants
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15:26 EDTVApple Pay available to millions of Visa cardholders
Visa (V) announced that starting October 20 eligible Visa cardholders in the U.S. will be able to use Apple (AAPL) Pay, Apple’s new payment service, to begin to make purchases at select U.S. merchants with their new iPhone. Visa is actively working with its client base of thousands of U.S. financial institutions to enable them to offer the new Apple Pay service to their account holders.
14:09 EDTVApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.
October 14, 2014
08:50 EDTVVisa, 3PEA International enter into prepaid card agreement
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October 13, 2014
07:19 EDTVAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
October 7, 2014
06:02 EDTVVisa's CIO leaves company to join Charles Schwab, Re/code reports
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