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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.
A representative for Global Payments declined to comment, while a Total System Services representative didn’t respond to requests for comment. Global Payments shares rose 4.6% to $154.85 at 1:05 p.m. in New York, valuing the company at about $24.3 billion. Total System Services jumped the most in nine years to $111.66 for a market valuation of $19.8 billion.
Nomura warns of a potential culture clash after reports of another possible merger in the payments industry.
Google Reacts to Amazon as Facebook Is Called to Tame CEO(Continued from Prior Part)Facebook registers Swiss fintech firmFacebook (FB) appears to be preparing for a fierce contest with PayPal (PYPL) and others for revenue in the technology-based
Paypal (PYPL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Atlanta-based Global Payments is set to announce on Tuesday a combination with Total System in an all-stock transaction, said two people with direct knowledge of the negotiations. Companies are racing to cash in on a boom in e-commerce and digital payments while holding off competition from technology companies such as Square and Alipay, which are eating into the business.
Total System (TSS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
More than 20 years after the initial switch to MetroCards from tokens, the Metropolitan Transportation Authority is unveiling the ability to use tap-to-pay credit and debit cards for subway and bus fares. Visa Inc. says 80 of the top 100 U.S. retailers now accept the cards, with companies including Target Corp. and CVS Health Corp. adding the technology in recent months. “Mass transit is a really terrific use case for tap and pay -- people commute 10 times a week,” Visa Chief Executive Officer Al Kelly said in a Bloomberg Television interview.
Now it's time to check out three tech stocks that came through our screen today that growth investors might want to consider buying right now.
Square examined its transaction data and polled its small businesses to see what they thought their customers' views on cash and card are.
The Zacks Analyst Blog Highlights: Global Payments, WEX, FleetCor Technologies and Cardtronics