Ebay was the most sold stock among the 10 largest U.S. hedge funds, after Carl Icahn offloaded all of his 47 million shares in the firm, worth some $1.6 billion.» Read More
Digital wallets are about to move from "nice to have" to "must have."
*China tipped to be world's biggest payment card market by 2020. BEIJING, Oct 27- China is considering imposing tough new conditions on overseas bank card providers such as Visa Inc and MasterCard Inc, in a potential setback to their plans to enter the country's $7 trillion card payments market, according to people familiar with discussions.
Some of the names on the move ahead of the open.
With a week to go in October, Wall Street has, thus far, had its best month in four years. This week's big drivers include the Fed's two-day meeting and the continued flood of profit reports.
USAA, one of the largest U.S. issuers of debit and credit cards, is switching to Visa from its longtime partner, MasterCard.
As the earnings kicks into high gear, a group of stocks could be ready to pop, if history is any guide.
Expectations are low that the Fed will provide any new policy insight next week, and focus should stay on economic reports and a flood of earnings.
MasterCard tries out their new 'Selfie Pay' tech in order to compete with Apple Pay, reports USA Today.
LONDON, Oct 16- Europe's banks are in line to share billions of euros from a buyout of Visa Europe by its U.S. sister company Visa Inc., which is expected to be sealed in the next two weeks, sources said. Visa Inc. wants to re-unite with the European arm to give it more global scale to compete with arch-rival MasterCard. Sky News has previously reported Visa Inc.' s offer...
*Greeks shift to cards to bypass cash withdrawal limits. *Greece to make electronic payments mandatory to cut tax evasion. ATHENS, Oct 13- A Greek TV commercial shows two fishmongers in a market touting their wares.
More businesses are encouraging usage of the camera phone as millennials increasingly prefer snapping over typing.
Businesses big and small are preparing for a major shift in their credit and debit card systems.
BRUSSELS, Sept 30- A ruling due next week from the EU's top court on a long-running transatlantic pact on private data could affect all legal ways of moving such data from Europe to the United States, lawyers say, potentially disrupting the everyday online transactions of thousands of companies. Under current European privacy laws companies are forbidden from...
Six out 10 U.S. credit card holders still don't have a chip-enabled card and most merchants aren't ready for them.
*Annual limit at 100,000 yuan, daily limit at 10,000 yuan. BEIJING, Sept 30- China will introduce an annual cap of 100,000 yuan on cash withdrawals made through UnionPay cards outside the country from 2016, the nation's foreign exchange regulator said, to combat money laundering amid concerns about capital flight. Cards issued by Visa Inc and MasterCard Inc will...
HONG KONG, Sept 30- Famed diamond supplier De Beers expects the value of its sales of the polished jewel in China may rise this year by just over a tenth of 2011' s surge, as the economy that has long bolstered global luxury goods heads for its weakest growth in 25 years. "The bridal business and the gifting business, particularly amongst younger consumers in China, is...
NEW YORK, Sept 30- The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their wallets. MasterCard reported this week that 40 percent of all U.S.-branded consumer credit cards are chip cards. A quarter of U.S. merchants have...
CHICAGO, Sept 29- The majority of payment terminals at U.S. merchants will not be ready to accept cards with embedded microchips aimed at reducing fraud by Oct. 1, missing a deadline set by banks and credit card companies, according to the National Retail Federation. Merchants are spending $30 billion to $35 billion to upgrade their terminals, the lobby said.
CHICAGO, Sept 29- The majority of payment terminals at U.S. merchants will not be ready to accept cards with embedded microchips aimed at reducing fraud by Oct. 1, missing a deadline set by banks and credit card companies, according to the National Retail Federation. The urgency to meet the new standards, known as EMV, which stands for Europay, MasterCard and Visa, for...
Morgan Stanley issued a mea culpa Monday on a call to buy energy stocks made earlier this year, advising clients to cut losses and move on.