A senior executive from Visa Inc. this week dismissed concerns over the manner in which the Europay MasterCard Inc (NYSE:MA) chip card standard is being implemented in the U.S. and insisted the move will yield significant security benefits for retailers, consumers and banks. Mastercard Inc (NYSE:MA) stock opened at $78.46 in last session, and closed at $77.49, while the day range of MA stock is $77.20 – $78.79. The stock showed a positive weekly performance of 1.49%.
In an interview with Computerworld, Ellen Richey, Visa Inc (NYSE:V)’s chief risk officer, said that EMV smartcards have all but eliminated counterfeit fraud in the countries where the technology has been adopted. Visa Inc (NYSE:V) stock opened at $226.48, in last session and closed at $226.06, by gaining 0.03%. The 52 week range of GOOG is $154.79 – $235.50. Company’s market capitalization is $143.24Sbillion.
The U.S. Department of Justice said Wednesday that it didn’t need to prove that American Express Co. (NYSE:AXP) had market power to sustain its antitrust case over the company’s merchant discount policies, urging a New York federal judge to deny AmEx’s motion for summary judgment. American Express Company (NYSE:AXP) stock advanced 0.02% and finished the last session at $89.02. The EPS of the stock remained 4.88. Company’s market capitalization is $94.72billion.
The Western Union Company (NYSE:WU), the US-based money transfer and payment services provider has announced its fourth quarter results. The main line of revenues for the company has been the customer to customer transactions, which grew by 9%. The Western Union Company (NYSE:WU) stock opened the session at $16.29, and closed the session at $16.22. The 52 week range of the WU stock remained $13.80 – $19.50 and the day range was $16.18 – $16.41.