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MasterCard Inc

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  • 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,...

  • China to free clearing market for bank cards Wednesday, 29 Oct 2014 | 7:18 PM ET

    China will open up its market for clearing domestic bank card transactions, in a move that could benefit companies such as Visa and Mastercard.

  • UPDATE 2-Visa sees mobile payment as big growth driver Wednesday, 29 Oct 2014 | 6:57 PM ET

    *Fourth-qtr adjusted earnings $2.18/ shr vs est $2.10. Visa, along with Mastercard Inc and American Express Co, have partnered with Apple in the launch of a system- Apple Pay- that allows iPhone users to pay for anything from office supplies to burgers at the tap of a button. The company, along with its smaller rival MasterCard, is looking to expand in emerging markets,...

  • The consumer could come back in a big way Wednesday, 29 Oct 2014 | 6:33 PM 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.

  • Apple CEO fires back as retailers block Pay Tuesday, 28 Oct 2014 | 1:11 AM ET

    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...

  • Drug chains Rite Aid and CVS disable Apple Pay Monday, 27 Oct 2014 | 6:43 AM ET
    The new Apple Pay mobile payment system on the iPhone 6

    Mobile wallet Apple Pay has been available for only one week but may be inciting a battle in the payments industry. The NYT reports.

  • Inside baseball: The 'Moneyball' stock method Sunday, 26 Oct 2014 | 9:00 AM ET
    Kansas City Royals’ Billy Butler (16) hits an RBI single in the sixth inning against the San Francisco Giants during Game 2 of the 2014 World Series in Kansas City, Mo.

    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.

  • Thanks to Apple, this stock wins: Cramer Friday, 24 Oct 2014 | 6:37 PM ET
    Apple Pay on display.

    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,...

  • 'Massive' switch to new credit cards ahead Thursday, 23 Oct 2014 | 10:00 AM ET

    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.

  • BofA: Sorry for double charging on Apple Pay Wednesday, 22 Oct 2014 | 4:10 PM ET
    Apple Pay on display.

    Some Bank of America customers say they were charged twice for purchases they made using Apple's new mobile payments system.

  • As millions swipe, moment of truth for Apple Pay Monday, 20 Oct 2014 | 4:09 PM ET
    Apple Pay on display.

    Forget cash, Apple is attempting to make credit cards as old-fashioned as VHS cassettes.

  • Goodbye wallet, hello iPhone? Apple's big Pay day Monday, 20 Oct 2014 | 12:00 AM ET
    Machine that tests iPhone durability

    Apple's new mobile payment service bets consumers will no longer want to carry wallets, credit cards or cash.

  • Stocks set to rally in Q4: Short-only fund manager Friday, 17 Oct 2014 | 2:48 PM ET
    Traders on the floor of the New York Stock Exchange, October 15, 2014.

    "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 in venture to launch fingerprint pay cards Friday, 17 Oct 2014 | 12:37 PM ET
    MasterCard and Zwipe have announced their partnership for the launch of the world’s first contactless payment card featuring an integrated fingerprint sensor.

    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...