Wall Street Waffles as It Searches for Direction
Wall Street posted modest gains on Monday, but strong currents of hope and fear continued to tug the uncertain financial markets in opposite directions, The New York Times's Jack Healy reported....
View ArticlePrepaid Cash Card Vendors Are Prospering
Three small companies are playing a role in a business that has been growing as the economy's troubles have deepened - the business of prepaid cash cards, The New York Times's James Flanigan writes....
View ArticleCase's Revolution Money Bags $42 Million
Revolution Money, an online payment firm backed by AOL co-founder Steve Case, said on Monday it has received funding of $42 million from a group that includes a Goldman Sachs affiliate and earlier...
View ArticleCredit Card Processor Asked for Offshore Data
The federal government is widening its investigation of offshore tax evasion to include services sold by the First Data Corporation, a large processor of credit card transactions, The New York Times's...
View ArticleWall Street Stumbles as Day Nears End
Markets fell slightly on Wednesday as early optimism over a $13.5 billion stock offering by Bank of America faded in the afternoon, leading some investors to cash in their gains before the holiday...
View ArticleCitigroup's Banga to Join MasterCard as President
Ajay Banga, a senior Citigroup banking executive and the head of the beleaguered firm's Asia-Pacific business, is leaving to become MasterCard's president and chief operating officer.
View ArticleCitigroup Names Leaders for Asia-Pacific Zone
Citigroup has tapped Stephen Bird and Shirish Apte as Asia-Pacific chief executives, filling the vacancy left by Ajay Banga who announced he was leaving last month.
View ArticleMorgan Stanley Wins Lawsuit Against Discover
Morgan Stanley won a legal battle with its former subsidiary, Discover Financial Services, over nearly $800 million that Morgan Stanley says it was owed by the credit card company.
View ArticleOnline Payment Said to Draw Start-Ups
Facebook games "FarmVille" and "Cafe World" have Silicon Valley startups racing to create new ways to pay for virtual goods, a market that may reach $3.6 billion by 2012, Bloomberg News writes.
View ArticleMasterCard Names Banga as Next Chief
MasterCard said on Monday that it has named Ajay Banga as its next chief executive and a new board member, effective July 1.
View ArticleNew Chief at MasterCard Signals It's Open to Change
MasterCard named a onetime star at Citigroup as its next chief executive on Monday, a widely expected move that could nonetheless shake up the giant payment company, The New York Times reported.
View ArticleHow the Finance Bill Affects Consumers
For consumers trying to figure out what the financial overhaul bill means for them, the legislation the Senate passed Thursday offers some tantalizing possibilities, Ron Lieber writes in The New York...
View ArticleMasterCard to Buy DataCash for $520 Million
MasterCard agreed to buy British payment service provider DataCash Group for about 333 million pounds ($520 million) in cash to expand its e-commerce business.
View ArticleMasterCard Buys Prepaid Card Unit From Travelex
The $458 million deal for the Travelex business pushes MasterCard into foreign markets in the prepaid card sector.
View ArticleBankers Line Up to Meet Elizabeth Warren
The Harvard professor setting up the Consumer Financial Protection Bureau met with nearly 50 executives from more than 30 banks in January alone.
View ArticleMasterCard Names Banga as Next Chief
MasterCard said on Monday that it has named Ajay Banga as its next chief executive and a new board member, effective July 1.
View ArticleNew Chief at MasterCard Signals It’s Open to Change
MasterCard named a onetime star at Citigroup as its next chief executive on Monday, a widely expected move that could nonetheless shake up the giant payment company, The New York Times reported.
View ArticleHow the Finance Bill Affects Consumers
For consumers trying to figure out what the financial overhaul bill means for them, the legislation the Senate passed Thursday offers some tantalizing possibilities, Ron Lieber writes in The New York...
View ArticleMasterCard to Buy DataCash for $520 Million
MasterCard agreed to buy British payment service provider DataCash Group for about 333 million pounds ($520 million) in cash to expand its e-commerce business.
View ArticleMasterCard Buys Prepaid Card Unit From Travelex
The $458 million deal for the Travelex business pushes MasterCard into foreign markets in the prepaid card sector.
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