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MasterCard Inc

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  • 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...

  • Ajay Banga Monday, 6 Oct 2014 | 6:27 AM ET

    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...

  • Board members: Clean your ears, listen to Cramer Wednesday, 1 Oct 2014 | 6:35 PM ET

    Memo to every board of directors: When companies take Cramer’s advice, shares go higher, sometimes much higher.

  • Early Movers: KO, DF, EBAY, JNJ, MA, TSN & more Wednesday, 1 Oct 2014 | 8:27 AM ET

    Companies making headlines before the bell Wednesday.

  • Does e-commerce giant loom over eBay-PayPal split? Tuesday, 30 Sep 2014 | 9:06 AM ET
    PayPal and Ebay to split into two separate public companies.

    EBay's about-face to split its PayPal and marketplace businesses into separate companies could make each acquisition targets, analysts tell CNBC.

  • A $14M bet on heartbeats replacing passwords Wednesday, 24 Sep 2014 | 12:01 AM ET
    Nymi wristband

    Forget your fingerprint, pin number or password. Start-up's Nymi bracelet uses your heartbeat to unlock your digital life.