TheStreet: Investing Strategies
Rank: 167 / 2006
9 selected videos
Credit Card Company Leads Markets After Costco Deal
Shares of Visa gave the Dow a boost on Monday making it TheStreet's Move of the Day. Visa moved higher after Costco chose the company as its credit card network for all stores in the U.S. and Puerto Rico beginning April 1, 2016. Visa will share the relationship with Citigroup which will offer a Costco-branded credit card. Costco's new relationship with Visa replaces a 16-year partnership with American Express. Since the termination of that lucrative relationship in mid-February, AmEx shares...
Target Forgets to Activate Gift Cards on the Heels of Credit Card Hacking
Target shoppers first had to worry about being one of the millions of customers involved in a massive credit card security breach. Now they have to worry whether the gift cards they bought during the holiday season have been activated. The discount retail chain confirmed on Tuesday that approximately 0.1% of gift cards sold recently were not properly activated. Target suffered a PR nightmare last month after it said that more than 40 million credit and debit card transactions at its U.S. stores...
Wal-Mart Sues Visa for $5 Billion Over Credit Card Swipe Fees
Wal-Mart is suing Visa for $5 billion for allegedly conspiring with banks to illegally fix and inflate credit card processing fees. Wal-Mart said Visa's swipe fees not only violate antitrust regulations, but have cost U.S. retailers and shoppers more than $350 billion. Visa and MasterCard reached a settlement with retailers in July 2012 in which they agreed to pay up to more than $7 billion and lower their fees. However, Wal-Mart, as well as Target and Amazon, opted out of the...
Mobile Payment Apps are Boosting Payment Processors like Visa
Recently, Burger King and Wendy's both announced they're following Starbucks in introducing mobile payment apps. RealMoney Pro contributor Chris Versace examines how growth in mobile payments is impacting payment processing networks like Visa and MasterCard. Versace also looks at credit and debit card use to gauge the growth payment processors are seeing across payment formats. When stacked up against each other, Versace reveals whether Visa or MasterCard is the better payment processor...
Citi Cards CEO on Future of Credit Cards, EMV Transition and Costco Partnership
Amid the rise of mobile payments, credit cards aren't disappearing just yet, according to Citi Cards CEO Jud Linville. 'I keep wondering when cards are going to disappear,' Linville said. 'Cards are easy - whether it's a swipe that's easy or the tap and pay that's easy - I think you're going to see integration of all of those over time.' Citi Cards is a division of Citigroup . Amid the rise of Apple Pay from Apple
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Markets Digest Earnings Deluge; Credit Card Giants Lead on China
Stocks wavered between gains and losses in a choppy trading session. By midday, all benchmark indexes were in the green thanks to earnings-driven gains at McDonald's (MCD), Coca Cola (KO) and EMC (EMC). Visa (V) and MasterCard (MA) jumped on news China will open up bank processing to foreign firms. The credit card companies will be allowed access to China on June 1, opening them up to a market valued at more than $6 trillion. Consumer reviews site Angie's List (ANGI) surged after besting...
How to Increase Your Credit Card Limit
'You're So Money' author Farnoosh Torabi says you can increase your limit on a credit card as a last resort, but be smart, watch interest rates, and don't go crazy with the spending.
Related topics : increase credit card limit
College Students & Credit Cards
College Students & Credit Cards