Data Processing & Outsourced Services

Mastercard Inc (NYSE: MA) and Visa Inc (NYSE: V), and other rivals negotiated to acquire cloud-based payment and banking platform provider Pismo. Pismo is working with Goldman Sachs Group, Inc (NYSE: GS) on a sale at a valuation of $1 billion, Bloomberg reports....

The service industry has long been known for its hardworking and dedicated workforce. From restaurant servers to hotel staff, these workers form the backbone of many businesses that rely on their labor to provide exceptional customer experiences. However, behind their cheerful and courteous...

After the industry meltdown, U.S. payment giants Visa Inc (NYSE: V) and Mastercard Inc (NYSE: MA) paused plans to forge new partnerships with crypto firms. Both Visa and Mastercard postponed the launch of certain products and services related to crypto until recovery of the...

Mizuho analyst Dan Dolev reiterated Buy on PayPal Holdings, Inc (NASDAQ: PYPL) with a price target of $105. PYPL shared plans to reduce headcount by ~7%, or 2,000 employees.  With over 30,000 employees, the analyst believes PYPL was overstaffed, so a leaner cost structure...

Raymond James analyst John Davis maintained Mastercard Inc (NYSE: MA) with an Outperform and raised the price target from $406 to $450. The analyst highlighted double-digit+ revenue growth with mid-teens+ EPS growth at a discount to historical multiples (defensive sectors...

Mastercard Incorporated (NYSE: MA) reported better-than-expected results for its fourth quarter. Mastercard posted quarterly earnings of $2.65 per share, beating analysts’ estimates of $2.58 per share. The company’s quarterly sales came in at $5.82 billion, versus expectations of $5.79...

The CNN Money Fear and Greed index showed slight improvement in overall market sentiment among US investors. US stocks closed mixed on Wednesday with the Nasdaq settling lower for the second straight session as investors assessed the latest corporate earnings. Microsoft Corporation (NASDAQ: MSFT)...

Wells Fargo & Co (NYSE: WFC), Bank Of America Corp (NYSE: BAC), JP Morgan Chase & Co (NYSE: JPM), and four other banks worked on a digital wallet linked to their debit and credit cards. Early Warning Services LLC would manage the wallet that aimed to compete...

(Monday Market Open) This week and next could go a long way toward determining how the current quarter plays out on Wall Street. Between now and February 4, we’ll receive earnings reports from close to half of S&P 500® companies, including 90 this seek. There’s a ...

Morgan Stanley analyst James Faucette upgraded Global Payments Inc (NYSE: GPN) from Equal-Weight to Overweight and raised the price target from $124 to $135. Compelling valuations amidst a possible competitive shift from higher rates and lower VC investment make payments...

Major international banks are teaming up with the New York Federal Reserve for a 12-week digital dollar pilot that will attempt to quantify the impact of digital dollar tokens and how their presence in a common database can help speed up payments. Along with payments major Mastercard (NYSE: MA),...

US crude oil futures traded lower this morning on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to...

The Nasdaq Composite dropped over 250 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to...

Jack Ma co-founded Alibaba Group Holding Limited (NYSE: BABA) fintech affiliate Ant Group has found a way to scale up its QR code-enabled payments solution overseas. Ant has been quietly forming partnerships with local payment providers in Asia.  Ant built something akin to...

Mizuho analyst Dan Dolev maintained Mastercard Inc (NYSE: MA) with a Buy and lowered the price target from $385 to $380. Dolev reiterated Neutral on Visa Inc (NYSE: V) with a $220 price target. Both V and MA reported results last week.  Comparing their three...