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.» Read More
LAGUNA BEACH, Calif., Oct 27- Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to sign up. It already totes up more transactions than all other "contactless" payment methods combined, Cook said, citing Visa and...
Wal-Mart Stores Inc is among the roughly 50 big retailers that have chosen not to accept Apple Pay, along with Rite Aid Corp and CVS HealthCorp. Mastercard criticized the move by CVS and Rite Aid, saying it would limit the options of consumers. "We are disappointed that both Rite Aid and CVS have decided to block their customers from using the payment method of their...
Mobile wallet Apple Pay has been available for only one week but may be inciting a battle in the payments industry. The NYT reports.
Here's where the stock market and baseball meet, just in time for the World Series as well as a likely volatile time ahead on Wall Street.
Jim Cramer thinks the US retail economy is about to change, thanks to Apple Pay. He thinks this stock will skyrocket as a result.
FORT LAUDERDALE, Fla., Oct 23- A key witness in the federal tax evasion trial of a top Swiss bank executive took the stand on Thursday to testify against his former boss, Raoul Weil, who is accused of conspiring to conceal up to $20 billion in U.S. taxpayers' assets in secret offshore accounts. The former head of the wealth management division for the Americas at UBS,...
Bank customers can expect a flurry of thick mail as credit companies rush to get chip cards into their hands ahead of the holiday season.
Some Bank of America customers say they were charged twice for purchases they made using Apple's new mobile payments system.
Forget cash, Apple is attempting to make credit cards as old-fashioned as VHS cassettes.
Apple's new mobile payment service bets consumers will no longer want to carry wallets, credit cards or cash.
"I think short term, we deserve a bounce," short-only portfolio manager Brad Lamensdorf says.
Obama's executive order comes after many large companies including Target, JPMorgan and Home Depot have suffered high-profile cybersecurity breaches. The White House said that Home Depot, Target, Walgreen and Wal-Mart Stores will roll out secure chip and PIN-compatible card terminals in all their stores, most by January. In addition, American Express plans...
Mastercard is partnering with Zwipe to launch the first biometric, contactless payment card.
Oct 15- American Express Co, the world's largest credit card issuer, reported an 8.1 percent rise in quarterly profit due to higher spending by U.S. customers using its credit cards and a rise in its net interest income. AmEx, which issues its own cards unlike Visa Inc and Mastercard Inc that work through banks, benefits from its largely affluent customer base and...
President and CEO, MasterCard
NEW YORK, Oct 3- Portfolio manager Bill Nygren, whose $6.2 billion Oakmark Select fund has been among the best performing large cap funds in 2014, has added more than a million shares of MasterCard Inc this year, even as shares of the payments company have shed almost 12 percent year to date. Now the fourth-largest position in Nygren's fund, Mastercard has lost...
Memo to every board of directors: When companies take Cramer’s advice, shares go higher, sometimes much higher.
Companies making headlines before the bell Wednesday.
EBay's about-face to split its PayPal and marketplace businesses into separate companies could make each acquisition targets, analysts tell CNBC.
Forget your fingerprint, pin number or password. Start-up's Nymi bracelet uses your heartbeat to unlock your digital life.