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Mastercard Demands Shutdown Of Marijuana Buys On Its Debit Cards
Wednesday, July 26, 2023 - 2:59pm | 539Mastercard Inc. (NYSE: MA) recently jolted the cannabis industry with a demand: "In accordance with our policies, we instructed the financial institutions that offer payment services to cannabis merchants and connect them to Mastercard to terminate the activity," stated a Mastercard...
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Verizon, Mastercard Partnering On 5G Contactless Payment
Tuesday, July 13, 2021 - 11:40am | 796Financial services giant Mastercard (NYSE: MA) and cellular network provider Verizon announced Tuesday plans for a partnership that would facilitate 5G contactless payments for consumers and small- and medium-sized businesses. By 2023, the two companies hope to create a fully touchless retail...
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Mastercard Gets Approval To Enter China Payments Market
Wednesday, February 12, 2020 - 6:20am | 499Mastercard Inc. (NYSE: MA) has won the approval of the People’s Bank of China (PBOC) to start a bank card clearing business in China. What Happened Mastercard has secured the “in-principle” approval of the PBOC to begin operations in China’s electronic payments services...
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Thursday's Market Minute: A Sleepy Market
Thursday, December 26, 2019 - 10:56am | 324Equity futures are slightly up this morning as we wind our way to the end of the year. Seemingly nothing can slow the rally down, even if the trading range day-to-day is smaller in the lower-volume holiday season. Retail is reporting a great season overall, with Amazon.com, Inc. (NASDAQ: AMZN)...
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Mastercard Manages To Beat Both Top And Bottom Line Estimates
Wednesday, October 30, 2019 - 12:28pm | 821Mastercard Inc. (NYSE: MA) just reported its third quarter earnings, announcing that increased revenues drove an increase in profits, exceeding both top and bottom-line estimates. The company's shares have jumped 46% since the beginning of the year, more than double than 21% increase of...
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Wash, Rinse, Repeat? Market Still In Defense Mode After Trade-Related Plunge
Friday, December 28, 2018 - 11:36am | 1270After a record-breaking rally and a roaring rebound, the question is whether stocks will finish out this holiday-shortened week building on the positive momentum from the past two sessions and take the market into its third day of post-Christmas gains. There’s not much in the way of major...
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Court Rules in Favor of Retailers on Debit Card Fee Cap
Thursday, August 1, 2013 - 11:03am | 574In a ruling viewed as a major victory for retailers, U.S. District Judge Richard Leon on Wednesday overturned a Federal Reserve rule placing a cap on debit card fees banks collect from merchants, according to The Washington Post. Retailers had complained that the Federal Reserve had set the cap...
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How Soon Until Mobile Payments Are The Next Big Thing?
Friday, July 26, 2013 - 1:07pm | 709Using smartphones to buy stuff is a growing phenomenon, according to Business Insider, based on its new BI Intelligence report. As a result, the whole notion of digital wallets is becoming reality sooner than many thought. Related: Apple's New Patent Might Suggest Mobile Payment Focus The...
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Goldman Sachs' SpendTrend Highlights March Numbers In Transaction Processing
Tuesday, April 12, 2011 - 8:47am | 140Goldman Sachs has released its SpendTrend rrport for March, showcasing trends in the transaction processing industry. The report shows strength within the industry as consumer spending increased and fuel prices rose. The report also highlights five stocks within the industry. Goldman Sachs...