CNBC's Dominic Chu and Seema Mody break down Visa and MasterCard, two companies who do virtually the same thing, but should be viewed differently from an investment standpoint.» Read More
Regulators are actually increasing risk in the US banking system, says bank analyst Richard X. Bove.
The big question is what type of smart cards will US banks issue: Will they require a PIN code for authentication or simply a signature?
Stocks were mixed on Wednesday, with the S&P little changed after its four-day surge.
Even the mightiest short seller on Wall Street was no match for the bull market in 2013.
Prepaid debit cards are promoted as a convenient alternative for people who don't have a bank account. Turns out they have a much broader appeal.
Retailers need to do a lot more to defend themselves against future cyberattacks, according to security experts and IT service providers.
NEW YORK, Feb 5- Target Corp's decision to speed up a $100 million program to adopt the use of chip-enabled smart cards is just a drop in the bucket when it comes to what retailers need to do to defend themselves against future cyber attacks, according to security experts and IT service providers.
MasterCard posted a lower-than-expected quarterly profit and said its net revenue for the year would come in at the low end of its forecast range.
Some of Friday's midday movers:
Jan 31- MasterCard Inc posted a lower-than-expected quarterly profit and said its net revenue for the year would come in at the low end of its three-year forecast range as customers migrate to Visa Inc as part of a previously announced deal.
Jan 31- MasterCard Inc, the world's No.2 credit and debit card company, reported a 3 percent rise in quarterly profit but missed analysts' average forecast as expenses rose. MasterCard shares were down 7 percent at $74.29 before the bell.
Is the worst of the decline over for the Dow Jones Industrial Average?
NEW YORK, Jan 30- The S&P 500 scored its biggest gain in more than a month on Thursday as Facebook led a tech rally and data showed the U.S. economy was on solid footing in the fourth quarter. Facebook Inc shares jumped 14.1 percent to end at $61.08, hitting a lifetime high of $62.50 during the session and supporting both the S&P 500 and Nasdaq.
U.S. stocks climbed, with equities bouncing back from the prior day's sharp drop.
Treasurys held on to earlier losses after of the Treasury Dept's auction of five-year notes and seven-year debt and after the release of US GDP data.
*Google shares up after deal with Lenovo Group. *Facebook shares rally after results beat expectations. Facebook Inc shares jumped 15.4 percent to $61.76, supporting both the Nasdaq and S&P 500. The stock earlier hit an all-time intraday high of $62.50.
*Google shares up after deal with Lenovo Group. *Facebook shares rally after results beat expectations. Facebook Inc shares shot up 15.7 percent to $61.95, driving the Nasdaq up more than 2 percent by midday.
*First-qtr earning $2.20/ shr vs est $2.16/ shr. Jan 30- Visa Inc's chief executive urged U.S. merchants and banks to hasten the adoption of a more secure technology for credit and debit cards after security breaches at several retailers.
*Google shares up after deal with Lenovo Group. *Facebook shares rally as results beat expectations. Facebook Inc shares jumped 16 percent to $61.96, boosting the Nasdaq index which rose more than 1 percent.
*Google shares up after deal with Lenovo Group. *Facebook shares rally after results beat expectations. NEW YORK, Jan 30- Wall Street was set for a slightly higher open on Thursday after data showed robust household spending and rising exports helped the U.S. economy to grow 3.2 percent in the fourth quarter.