Qiwi Plc, a Russian electronic payment service backed by billionaire Alisher Usmanov, has surged 56 percent since its May initial public offering as investors bet the industry is poised for growth.
- Global Payments Inc., the transaction processor that plunged today on a report that account data may have been compromised, said it detected a possible breach weeks ago and told federal authorities.
MasterCard Inc., the second-biggest U.S. payments network, posted a third-quarter profit that beat analysts’ estimates as U.S. consumer spending increased and the firm’s tax rate fell.
Visa Inc. options traders are more bearish than ever, betting the company will suffer more than MasterCard Inc. from U.S. rules meant to foster competition among firms that process debit-card transactions.
DST Systems Inc., the software provider that rejected a June buyout bid from private-equity firm RDG Capital LLC, said it hired bankers to review its business.
"Visa's international exposure provides the company with opportunities to further diversify its revenue base."
- David Koning on Apr 24, 2014