Businesses big and small are preparing for a major shift in their credit and debit card systems.» Read More
Some of the names on the move ahead of the open.
NEW YORK, Aug 25- A man whose wife was a key figure in the recent rejection of an antitrust settlement between American Express Co and a group of retailers pleaded guilty on Tuesday to conspiring with her to defraud two New York law firms where she was a partner out of $7.8 million. Melvin Feliz, 48, of Englewood Cliffs, New Jersey, admitted to one count of conspiracy to...
The majority of technology index components—more than 63 percent—are trading down more than 10 percent from yearly highs.
Target reached a deal to pay up to $67 million to settle Visa claims related to a 2013 data breach that resulted in the debit and credit card theft.
Aug 18- Target Corp said it has reached an agreement with Visa Inc card issuers to reimburse the costs related to a data breach at the retailer in 2013.. The agreement comes three months after a proposed $19 million settlement between Target and Mastercard Inc fell through as not enough banks accepted the deal. The deal required the approval of banks that issued...
Target will pay Visa issuers up to $67 million in a settlement over a 2013 data breach, which affected about 40 million cards.
Small investors were net buyers of U.S. stocks for a third straight month in July, according to data gleaned from 6 million TD Ameritrade accounts.
NEW YORK, Aug 4- A federal appeals court has revived litigation against Visa Inc, Mastercard Inc and several U.S. banks accusing them of conspiring to inflate the prices of ATM access fees in violation of antitrust law. Their lawsuits accused Visa and MasterCard of adopting rules protecting themselves from competition with lower-cost ATM network.
NEW YORK, Aug 4- A U.S. judge on Tuesday rejected a proposed class action settlement between American Express Co and merchants who sued the company over swipe fees, ruling that a lawyer for the merchants compromised the fairness of the agreement. District Judge Nicholas Garaufis in Brooklyn, New York, ruled that lawyer Gary Friedman acted improperly by talking...
PARIS, July 30- French voucher and prepaid card provider Edenred said on Thursday it had found a new chairman and chief executive but would not be making the name public until September. The announcement came a day before current boss Jacques Stern was due to quit Edenred and take over as head tax-free shopping business Global Blue, a Switzerland- based company..
Many Americans are getting more high-tech, safer credit cards, but the change could spell disaster for small businesses.
Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa, MasterCard, and American Express.
NEW YORK, July 29- Dozens of retailers are seeking to void nearly $6 billion of U.S. antitrust settlements with Visa Inc, MasterCard Inc and American Express Co after learning that opposing lawyers exchanged confidential information, potentially tainting the accords. A group of retailers filed papers that remain under seal in the Brooklyn, New York federal...
July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard's shares, however, rose 2 percent in afternoon trading, reversing course, after some analysts said the company's underlying fundamentals were strong.
July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard was also hurt by a strong dollar as markets outside the United States account for nearly 60 percent of its purchase volumes. Mastercard usually pays higher...
July 29- Credit and debit card issuer MasterCard Inc reported lower-than-expected quarterly revenue as the company offered more rebates and incentives to win new and renewed deals. Shares of MasterCard, which operates the world's second largest payment network, fell about 3 percent in premarket trading on Wednesday. MasterCard charges companies using its...
U.S. stock futures suggested a positive Wall Street open on Wednesday, as the spotlight turned to the end of the U.S. Federal Reserve's two-day meeting.
July 29- Credit and debit card issuer MasterCard Inc's quarterly profit fell 1.1 percent, hurt by higher expenses. The company's operating expenses rose 15.6 percent to $1.14 billion in the second quarter ended June 30. Net income fell to $921 million, or 81 cents per share, from $931 million, or 80 cents per share, a year earlier.
July 29- U.S. stock index futures rose on Wednesday on hopes that Beijing could stem the rout in its markets and ahead of a statement from the U.S. *In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.
No matter how much it tries to avoid it, the Fed could get markets spinning on a fresh round of rate hike speculation Wednesday.