MasterCard said it would remove a block on transactions made in Cuba using its cards issued in the United States, effective March 1.» Read More
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...
MasterCard's North American president says microchips will be embedded in about half the credit cards in 2015 to protect against fraud.
Some of Wednesday's midday movers:
Do you have the best credit card in your wallet? Probably not—and that's a mistake that's costing you hundreds of dollars.
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.
Innovation in a new way to pay, called tokenization, may help counter the damage from retail database breaches.
While shoppers hit the mall and the Internet, there's an elephant in the room that needs to be addressed, says Steven Pociask.
Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.
It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.
A new book claims Bitcoin will someday replace the whole global financial system, doing the job of banks and insurance companies.
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...
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.
Most major credit cards will extend a manufacturer's warranty by an extra year, according to a CardHub report.
SHANGHAI, Nov 13- Chinese bank card operator UnionPay, which may soon have to defend its near monopoly against Visa and MasterCard, faces a much bigger threat from online payment providers such as Alipay, and is upgrading its systems to meet the danger. China said last month it would open its credit card market to foreign players following a World Trade...
Mobile payments may be all the rage, but a Canadian based start-up is betting that some consumers will want to wear their payment source.