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MasterCard Inc

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  • 9 reasons you may never use cash again Wednesday, 5 Nov 2014 | 7:29 AM ET

    Some cash alternatives have been around for more than 50 years; others are just popping up. A look at 10 that will shift the paradigm.

  • TORONTO, Nov 4- Visa Inc and Mastercard Inc have voluntarily agreed to cut the fees they charge to Canadian retailers for credit transactions, the government said on Tuesday, adding it now sees no need to regulate fees set by credit card networks. It said Visa and MasterCard have committed to start implementing the reductions no later than April.

  • Canada says Mastercard, Visa agree to cut fees Tuesday, 4 Nov 2014 | 8:38 AM ET

    TORONTO, Nov 4- Visa Inc and Mastercard Inc have voluntarily agreed to cut the fees they charge to retailers for credit transactions, the Canadian government said on Tuesday, adding it now sees no need to regulate fees set by credit card networks.

  • Visa to cut credit card interchange fees in Canada Tuesday, 4 Nov 2014 | 8:20 AM ET

    Nov 4- Visa Inc, the world's largest debit and credit card company, said it will cut average interchange fees in Canada to 1.50 percent on consumer credit cards. Visa and smaller rival MasterCard Inc currently charge 2-3 percent on credit and debit card transactions in the United States. If clients are disadvantaged due to the decision, it will terminate or amend...

  • TORONTO, Nov 3- Canadian startup Bionym, maker of a wearable security device dubbed Nymi, is teaming up with credit card giant MasterCard Inc and Royal Bank of Canada to test whether the beat of your heart is true enough to verify payments. The trial will allow Royal Bank, Canada's largest bank, Mastercard and customers using the technology to test...

  • HONG KONG, Nov 1- Chinese regulators will allow foreign firms access to the yuan-denominated credit card clearing business from August next year, Hong Kong's South China Morning Post newspaper reported on Saturday. The paper quoted a source from China's largest credit card supplier, Goldpac Group, saying People's Bank of China (PBOC officials had informed...

  • *Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks rallied on Thursday, boosted by a strong reading on quarterly economic growth and on the back of upbeat earnings reports including Visa, which accounted for nearly 150 points in the Dow industrials. "End of year for mutual funds is most likely going to be selling losers and continue to buy winners,"...

  • Here's a little-known hack for nabbing holiday deals Thursday, 30 Oct 2014 | 1:43 PM ET

    As holiday sales ramp up to Black Friday, Oct. 30 may prove to be an important day for bargain hunters.

  • Midday movers: BorgWarner, Kellogg & more Thursday, 30 Oct 2014 | 12:15 PM ET

    Some of Thursday's midday movers:

  • Oct 30- MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as efforts to expand its international business pay off, with more people willing to use cards instead of cash. "We are pleased with the announcement and see it as a good step in the right direction," MasterCard Chief Executive Ajay Banga said on a post-earnings...

  • *Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks mostly edged higher on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, while results at Visa single-handedly put the Dow in solidly higher territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some...

  • US STOCKS-S&P 500 flat after GDP, but Visa lifts Dow Thursday, 30 Oct 2014 | 11:10 AM ET

    *Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks were mostly flat on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, but results at Visa single-handedly put the Dow in solidly higher territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some investors...

  • US STOCKS-Wall St flat after GDP, but Visa lifts Dow Thursday, 30 Oct 2014 | 10:05 AM ET

    *Visa, MasterCard both rally after results. NEW YORK, Oct 30- U.S. stocks were mostly flat on Thursday, as a strong read on third-quarter economic growth raised new questions about monetary policy, though strong results at Visa single-handedly put the Dow in positive territory. "A strong report, on the heels of a more hawkish tone from the Fed yesterday, has some...

  • Wal-Mart leads retailers in war against Apple Pay Thursday, 30 Oct 2014 | 9:29 AM ET
    The new Apple Pay mobile payment system on the iPhone 6

    A group of retailers led by Wal-Mart aims to upend the credit card market and fight for dominance at the checkout line.

  • NEW YORK, Oct 30- U.S. stock index futures pointed to a slightly lower open on Thursday despite a reading on third-quarter economic growth that was stronger than expected. Gross domestic product grew at a 3.5 percent annual rate in the third quarter, beating expectations for a pace of 3 percent, though down from the 4.6 percent rate in the second quarter.

  • Stock futures fall after data, Fed's more hawkish note Thursday, 30 Oct 2014 | 8:51 AM ET

    U.S. stock index futures traded lower on Thursday, after the Federal Reserve announced the end of quantitative easing.

  • Oct 30- MasterCard Inc reported a better-than-expected 15.5 percent jump in quarterly profit as a rise in global consumer confidence encouraged its customers to use cards to make purchases. MasterCard's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier.

  • MasterCard profit jumps 15.5 pct as card usage rises Thursday, 30 Oct 2014 | 8:09 AM ET

    Oct 30- MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases. The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier. Net revenue rose 12.8...

  • Q4 GDP could see more consumer lift than Q3 Thursday, 30 Oct 2014 | 6:15 AM ET
    A shopper looks at Michael Kors handbags at Macy's flagship store in New York.

    Consumers seem to have held back on spending in the third quarter from second quarter levels, but they could snap back in the fourth quarter.

  • *China to free up market for clearing bank card transactions. BEIJING, Oct 30- Visa Inc and Mastercard Inc welcome China's plans to open up its market for clearing domestic bank card transactions, as they stand to gain access to a growing market worth more than $1 trillion a year. While China lags behind countries such as the United States in spending on credit,...