MasterCard Inc


  • MOSCOW, Jan 12- International credit and debit card company MasterCard has agreed to transfer card processing inside Russia to the local state-owned system, Russia's Central Bank said on Monday. The agreement between MasterCard and the central bank-controlled National System Of Payment Cards was reached on Dec. 30, the bank said. MasterCard and competitor...

  • *Sweden, other Nordics, lead shift to cashless society. Helped by wide use of computers even among the elderly, broad trust in the state and big business and only small black economies, people in Sweden and neighbouring countries are fast embracing cards, the Internet and apps for financial transactions, and forsaking notes and coins. Sweden, home of music...

  • Jan 6- Department store operator J.C. Penney Co Inc said same-store sales for November-December rose 3.7 percent, offering a glimpse of what is expected to be the best holiday season for retailers since 2011.. Shares of J.C. Penney, which showed signs of a rebound this year after a failed attempt to move upmarket, jumped 20 percent in extended trading.

  • Dec 26- U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report. The report, which tracks spending by combining sales activity in MasterCard's payments network with...

  • Dec 26- Consumers spent actively on lodging and restaurants during the holiday season, while sales of electronics were flat, reflecting an ongoing shift toward spending on "experiences" rather than goods, MasterCard said in a holiday spending report. MasterCard said the growth was in line with its forecast for the holiday season and underscored the impact of an...

  • Dec 26- Consumers spent actively on lodging and restaurants during the holiday season, while sales of electronics turned negative, reflecting an ongoing shift towards spending on "experiences" rather than goods, MasterCard said in a holiday spending report. Sarah Quinlan, senior vice president at MasterCard Advisors, told Reuters in an interview that casual...

  • Credit cards getting more secure: MasterCard exec. Monday, 22 Dec 2014 | 1:47 PM ET
    Chris McWilton, MasterCard’s president of North America

    MasterCard's North American president says microchips will be embedded in about half the credit cards in 2015 to protect against fraud.

  • Midday Movers: Carnival, Chevron, Netflix & more Wednesday, 17 Dec 2014 | 12:59 PM ET

    Some of Wednesday's midday movers:

  • Why you're probably using the wrong credit card Tuesday, 16 Dec 2014 | 12:38 PM ET

    Do you have the best credit card in your wallet? Probably not—and that's a mistake that's costing you hundreds of dollars.

  • Online ventures target global Muslim consumer market Tuesday, 16 Dec 2014 | 12:04 AM ET

    A growing minority, however, want to certify more areas of their consumption as religiously permissible- a trend that appears partly due to rising incomes in majority-Muslim areas of the Gulf and southeast Asia, as well as to expanding choices for consumers. One is Singapore- based CrescentRating, a firm which focuses on the halal travel market.

  • Forget the credit card, here's a new way to pay Sunday, 14 Dec 2014 | 11:06 AM ET

    Innovation in a new way to pay, called tokenization, may help counter the damage from retail database breaches.

  • The elephant in the room this holiday season Friday, 5 Dec 2014 | 11:07 AM ET

    While shoppers hit the mall and the Internet, there's an elephant in the room that needs to be addressed, says Steven Pociask.

  • Lightning Round: Just pull the trigger on this! Tuesday, 2 Dec 2014 | 7:14 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Cramer Remix: The best stocks to own now Tuesday, 2 Dec 2014 | 7:07 PM ET

    It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.

  • Bitcoin set to take over the financial world: Book Monday, 1 Dec 2014 | 11:06 AM ET
    A Israeli man buys Bitcoins at the first Bitcoin ATM machine installed in the Middle East on June 11, 2014 at the Town-House TLV hotel in the Mediterranean coastal city of Tel Aviv.

    A new book claims Bitcoin will someday replace the whole global financial system, doing the job of banks and insurance companies.

  • Shopping online deals? You can do better Monday, 24 Nov 2014 | 2:52 PM ET

    Getting the best deals online is trickier than you think. How to make sure you're not overpaying.

  • Nov 19- Target Corp, the fourth-largest U.S. retailer, reported a better-than-expected quarterly profit as U.S. same-store increased for the first time in four quarters. Target shares rose 3.4 percent to $67.78 premarket. The forecast includes a pre-tax expense of $13 million, or 1 cent per share, related to the conversion of Target's payment cards to MasterCard...

  • LONDON, Nov 16- Working out of a shared office near London's Euston station, Michael Kent is part of a revolution that may be driven on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, and more than 30 others in the United Kingdom are building on the success of firms like Western Union and MoneyGram...

  • Is there anything the West can do to stop Putin? Friday, 14 Nov 2014 | 5:00 AM ET
    Pro-Russian rebel military vehicle with Russian flag on top of it, rolls towards Donetsk, eastern Ukraine, Nov. 10, 2014.

    There are only three sectors that matter much to the Kremlin, and the West is hard-pressed to find new ways to penalize any of them.

  • Best credit cards to extend your warranty coverage Wednesday, 12 Nov 2014 | 4:34 PM ET

    Most major credit cards will extend a manufacturer's warranty by an extra year, according to a CardHub report.