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With the growing adoption of electronic payments in emerging markets, global issuance of payment cards is projected to grow 36% to 18.3 billion during 2011-2016.
PayPal Holdings, Inc.
American Express Company
Global Payments Inc.
FleetCor Technologies, Inc.
Jack Henry & Associates, Inc.
Euronet Worldwide, Inc.
ACI Worldwide, Inc.
Green Dot Corporation
Net 1 UEPS Technologies, Inc.
VeriFone Systems, Inc.
Nextdoor, a ZIP code-curated and vetted social network, does not allow discussions about U.S. politics — even during an election year. Here's why.
SoFi CEO Anthony Noto said Mastercard was more willing to play ball with the fintech to leverage its naming rights to SoFi Stadium as a cardholder benefit.
PayPal stock has rebounded ahead of earnings due out late Jan. 29. Analysts expect updated 2020 guidance to include the $4 billion acquisition of consumer app Honey and Venmo services.
The Dow Jones recovered impressively along with the Nasdaq and S&P; 500 after the WHO issued a calming statement regarding the coronavirus outbreak.
Silicon Valley employers like SAP, Visa and EY open up to job candidates with autism, ADHD, dyslexia and other ‘neurodiverse’ diagnoses.
American Express (NYSE: AXP ) announces its next round of earnings this Friday, January 24. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement. Earnings and Revenue Sell-side ...
Visa (V) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FleetCor Technologies has a 97 Composite Rating and earns the No. 3 rank among its peers in the Financial Services-Specialty industry group.
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can...
The card giant will report fourth-quarter earnings before the market opens. American Express stock is up 32% over the latest 12 months, compared with a 26% gain for the S&P 500.
Futures: After Wednesday's stock market rally pause, Texas Instruments, Teradyne, Citrix moved on earnings. PayPal and Paycom Software rose on other news.
Shares of PayPal Holdings Inc. are up 2.1% in premarket trading Thursday after the company announced a partnership with China's UnionPay International. Through the arrangement, which was announced in a late Wednesday release, more than 120 million UnionPay cardholders in China will be able to create new PayPal accounts and use the wallet for cross-border commerce. "While we have always maintained a muted enthusiasm for domestic payments opportunity in China because of formidable competition...we view this partnership (which is primarily cross-border in nature) as very synergistic for both PayPal and UnionPay- if executed well," wrote Bernstein's Harshita Rawat, who rates PayPal's stock at outperform with a $130 target price. Keefe, Bruyette, and Woods analyst Sanjay Sakhrani wrote that the arrangement is "a nice win which leverages the recent GoPay acquisition that gave PayPal access to payment licenses in China." He has an outperform rating and $146 target price on PayPal shares, which are up 20% over the past three months as the S&P 500 has added 11%.
In the stock market, there may not be such a thing as a truly conservative stock. Some stocks that look conservative, can get thrown out the window when things get tough, notes John Reese, editor of Validea.
PayPal shares were higher on Thursday after the online-payments company formed a partnership with UnionPay of Shanghai.
Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) to Fiserv Investment Solutions, Inc. (Fiserv IS) in connection with the company's planned carveout from Fiserv, Inc. (Fiserv) and formation of a standalone entity owned by Motive Partners and its investor group including limited partners and Cannae Holdings (combined 60% ownership) and Fiserv (40%) in a transaction valued at approximately $800 million. The company's proposed $345 million first lien credit facility ($40 million revolver and $305 million term loan) was assigned a rating of B2.
San Francisco startup Very Good Security plans to rapidly grow its workforce this year after getting an investment from Visa. The company, co-founded by Abdelkader and Marshall Jones, did not disclose the size of Visa’s (NYSE: V) investment, but the payments giant taking a stake in the startup is notable. Visa is eager to partner with fintechs, and in some cases, buy them outright.
Esports company 100 Thieves, a project of the rapper Drake and former professional "Call of Duty" player Matthew “Nadeshot” Haag, has opened a training compound and headquarters in Los Angeles in hopes of gaining an advantage in competitive esports. The company rolled out video Wednesday of its new 100 Thieves Cash App Compound, a 15,000-square foot facility where its major teams can train, though the space has actually been in use for about a month. According to The Verge, it's the largest esports facility in the country. How Is Square (NYSE: SQ) Involved?
(Bloomberg) -- PayPal Holdings Inc. is taking another step into the giant Chinese payments market, partnering with state-backed China UnionPay Co. in a move that could expand PayPal’s network in the country. The partnership will allow some UnionPay cardholders access to PayPal’s network, and eventually, could pave the way for PayPal to be accepted at Chinese locations that take UnionPay.Users of Shanghai-based UnionPay, the world’s largest card company by payment volume, will be able to add their UnionPay cards to PayPal accounts and use them in a number of countries where PayPal is accepted outside of China. “There is a lot of room for us to help people visiting from China find a way to pay while traveling,” Jim Magats, senior vice president of global payments at PayPal, said in an interview.The companies also said that the tie-up would allow PayPal and UnionPay’s global subsidiary, UnionPay International, to “explore opportunities” to expand PayPal’s reach in China. In a statement, Magats said the new partnership would give the company the option to “expand PayPal’s digital wallet to physical retail locations where UnionPay is accepted in China, or internationally.”The UnionPay partnership is part of a string of moves by PayPal to grow its Chinese presence. In September, China’s central bank granted PayPal approval to buy a 70% stake in a Chinese payment company Gopay Information Technology Co., allowing PayPal to become the first foreign compapny to operate in China’s payment service market. Gopay has licenses for online, mobile and cross-border yuan payment services.China’s $27 trillion payments industry is dominated by a few companies, with Ant Financial Services Group and Tencent Holdings Ltd. accounting for a majority of digital payments, according to Bloomberg Intelligence. However, in a recent interview with Bloomberg, PayPal Chief Executive Officer Dan Schulman said that it wasn’t too late for the company to stake a claim there. “It’s an exploding market,” he said. “It’s growing so quickly that there’s room for every player in it.”On Wednesday, UnionPay cards will be available to be added to PayPal wallets in Australia, the Philippines, Singapore, South Korea and Thailand. The companies said they plan to add the option for more than 30 other markets in 2020.To contact the reporter on this story: Julie Verhage in New York at email@example.comTo contact the editors responsible for this story: Mark Milian at firstname.lastname@example.org, Anne VanderMeyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Among the IBD 50 stocks to watch in the current stock market, FleetCor Technologies is breaking out past a buy point.