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MasterCard Inc

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  • Jan 30- MasterCard Inc, the world's No. 2 debit and credit card company, reported a better-than-expected profit for the holiday shopping quarter as customers swiped their cards more often. U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as demand for women's apparel, jewelry and casual dining offset sluggish sales of...

  • MasterCard tops Street 4Q forecasts Friday, 30 Jan 2015 | 8:15 AM ET

    PURCHASE, N.Y.— MasterCard reported a 28 percent rise in fourth-quarter profits, as consumers spent more on MasterCard's payment network. MasterCard said it had $858 billion in payment volume on its network in the latest quarter, up 12 percent compared with a year ago. MasterCard is the third payment processor to report growth in quarterly earnings, helped by...

  • MasterCard's quarterly profit rises 29 pct Friday, 30 Jan 2015 | 8:09 AM ET

    Jan 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 29 percent rise in quarterly profit as customers swiped their cards more often. The company's net income rose to $801 million, or 69 cents per share, in the fourth quarter ended Dec. 31 from $623 million, or 52 cents per share, a year earlier. Net revenue rose 14 percent to $2.42...

  • Final Glance: Credit Card companies Thursday, 29 Jan 2015 | 6:14 PM ET

    American Express Co. rose$. 27 or. 3 percent, to $82.00. Capital One Financial Corp. rose$. 51 or. 7 percent, to $74.96. Discover Financial Services fell$. 20 or. 4 percent, to $54.84.

  • Visa said Thursday it earned $1.57 billion, or $2.53 per share, in the October-December quarter. Visa, and its competitor MasterCard, do not issue credit and debit cards directly. Instead, the two companies operate payment networks that banks and merchants sign up to use, and in exchange Visa and MasterCard take a percentage of each sale as a fee.

  • Business events scheduled for Friday Thursday, 29 Jan 2015 | 1:32 PM ET

    WASHINGTON— Commerce Department releases fourth-quarter gross domestic product, 8:30 a.m.. MADRID— Spain releases fourth-quarter economic growth data. TOKYO— Honda reports quarterly financial results.

  • Midday Glance: Credit Card companies Thursday, 29 Jan 2015 | 1:23 PM ET

    American Express Co. rose$. 14 or. 2 percent, to $81.87. Capital One Financial Corp. rose$. 15 or. 2 percent, to $74.60. Discover Financial Services fell$. 54 or 1.0 percent, to $54.50.

  • Early Glance: Credit Card companies Thursday, 29 Jan 2015 | 10:40 AM ET

    American Express Co. fell$. 11 or. 1 percent, to $81.62. Capital One Financial Corp. fell$. 16 or. 2 percent, to $74.29. Discover Financial Services fell$. 36 or. 7 percent, to $54.68.

  • Visa Europe profits jump as consumers switch from cash Thursday, 29 Jan 2015 | 3:44 AM ET

    LONDON, Jan 29- More than 1.5 trillion euros was spent on Visa cards in Europe last year, an annual increase of nine percent as more consumers switch from cash payments. Visa Europe is based in Britain and is owned and operated by member banks and other payment service providers from 37 countries. It said there were 37 billion transactions on its cards last year from...

  • Final Glance: Credit Card companies Wednesday, 28 Jan 2015 | 6:07 PM ET

    American Express Co. fell$. 67 or. 8 percent, to $81.73. Capital One Financial Corp. fell $2.32 or 3.0 percent, to $74.45. Discover Financial Services fell$. 70 or 1.3 percent, to $55.04.

  • Midday Glance: Credit Card companies Wednesday, 28 Jan 2015 | 1:21 PM ET

    American Express Co. rose$. 57 or. 7 percent, to $82.97. Capital One Financial Corp. fell $1.09 or 1.4 percent, to $75.68. Discover Financial Services rose$. 29 or. 5 percent, to $56.03.

  • Early Glance: Credit Card companies Wednesday, 28 Jan 2015 | 10:41 AM ET

    American Express Co. rose$. 41 or. 5 percent, to $82.81. Capital One Financial Corp. fell $1.02 or 1.3 percent, to $75.75. Discover Financial Services fell$. 55 or 1.0 percent, to $55.19.

  • Final Glance: Credit Card companies Tuesday, 27 Jan 2015 | 6:08 PM ET

    American Express Co. fell$. 90 or 1.1 percent, to $82.40. Capital One Financial Corp. fell $1.42 or 1.8 percent, to $76.77. Discover Financial Services fell$. 96 or 1.7 percent, to $55.74.

  • American Express says it will start working in Cuba Tuesday, 27 Jan 2015 | 4:24 PM ET

    NEW YORK— American Express Co. says it plans to start doing business in Cuba after the Obama administration lifted a ban on U.S. banks and credit card companies operating on the island. The New York company did not say on Tuesday when people could use American Express cards in Cuba. American Express currently has no terminals set up or merchant relationships...

  • American Express plans to start operations in Cuba Tuesday, 27 Jan 2015 | 3:17 PM ET

    Jan 27- American Express Co said it would launch operations in Cuba following President Barack Obama's decision this month to ease sanctions against the communist-ruled island. MasterCard Inc said last week it would allow its cards issued in the United States to be used in Cuba from March 1 as Washington eases restrictions on travel, trade and financial...

  • Midday Glance: Credit Card companies Tuesday, 27 Jan 2015 | 1:36 PM ET

    American Express Co. fell$. 24 or. 3 percent, to $83.06. Capital One Financial Corp. fell$. 84 or 1.1 percent, to $77.35. Discover Financial Services fell$. 58 or 1.0 percent, to $56.12.

  • Add American Airlines to the list of carriers that want to take you to Cuba. Delta Air Lines, United Airlines and JetBlue Airways have expressed interest since President Barack Obama announced last month that the U.S. would establish diplomatic relations and expand trade and tourism with Cuba. Southwest Airlines CEO Gary Kelly said last week that his airline...

  • Early Glance: Credit Card companies Tuesday, 27 Jan 2015 | 10:25 AM ET

    American Express Co. fell$. 88 or 1.1 percent, to $82.42. Capital One Financial Corp. fell$. 85 or 1.1 percent, to $77.34. Discover Financial Services fell$. 27 or. 5 percent, to $56.43.

  • Final Glance: Credit Card companies Monday, 26 Jan 2015 | 6:04 PM ET

    American Express Co. fell$. 83 or 1.0 percent, to $83.30. Capital One Financial Corp. rose$. 59 or. 8 percent, to $78.19. Discover Financial Services rose$. 12 or. 2 percent, to $56.70.

  • Midday Glance: Credit Card companies Monday, 26 Jan 2015 | 1:53 PM ET

    American Express Co. fell$. 69 or. 8 percent, to $83.45. Capital One Financial Corp. rose$. 11 or. 1 percent, to $77.71. Discover Financial Services fell$. 36 or. 6 percent, to $56.22.