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Tag Archives: american express

Dow Jones Gains Over 770 Points, Stock Market Rally Continues, Sanders Quits Presidential Race

The Dow Jones Industrial Average is actively gaining today as well as many stocks on the market. Meanwhile, U.S. coronavirus cases have topped 400,000The Dow Jones climbed nearly 800 points on Wednesday following Sanders’ decision to give up and quit his presidential campaign. Stock markets are also doing well today. Meanwhile, White House Health Advisor Anthony Fauci estimated the United States could see a slight outbreak decay next week and New York Mayor Bill De Blasio revealed some...

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Bitcoin Price Down 12% Since New Year to Date, While S&P 500 Down 28.5%

Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.Since the year beginning, the halving hype was striking the news. Many of the industry experts issued predictions of a sharp price increase. However, even despite the halving that will make Bitcoin more scarce, coronavirus is drowning the markets. Bitcoin has gained a lot, yet lost -12.5%...

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Ripple and Intermex Partnership Targets Cross-border Payments Between U.S. and Mexico

Ripple has entered in a new partnership. Together with International Money Express, Inc. (Intermex) it will ensure faster cross-border payments between the U.S. and Mexico.Ripple, a blockchain company specializing in global payments announced on Feb. 4 that it has partnered with International Money Express, Inc. (Intermex), a company providing remittance services to Latin America and the Caribbean corridor. The partnership between Ripple and Intermex is another testament to the blockchain...

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Visa and Mastercard Could Become Next Members of $1 Trillion Club

Tech and internet companies were the first that succeeded to reach $1 trillion in stock market value. However, the next U.S. companies that could join this prestigious clique are better known for something else. We are talking here about card companies as are Mastercard Inc. and Visa Inc.Take Mastercard for example. In its fourth-quarter earnings report, the company said that its GAAP earnings per share (EPS) surged incredible 138% in the fourth quarter to arrive at $2.07, while revenues...

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CNBC’s Jim Cramer Tells Which Stocks to Buy after U.S.-China Trade Deal

The trade war between the U.S. and China has been ongoing for many months and has somehow wiggled its way into pretty much any conversation that involves the U.S. or China. Some other countries are sometimes dragged into the mix because some of the effects of the tensions have been felt by these countries even though they aren’t directly involved. However, there might be some respite soon and with it, the chance that a few stocks might be worth good money if things go right.CNBC’s Jim Cramer...

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Visa, Mastercard Debuts New Buy Button to Make Online Checkout Great Again

Photo: Philip Taylor / FlickrIn what seems to be one of the biggest challenges to online payment processors such as Paypal, Apple Pay and a whole host of others, the biggest guns in credit card processing have decided to team up and implement their own single button-based checkout process. American Express, Visa, Mastercard, and Discover have decided to join forces to make checkout easier for consumers.Based on what the card industry refers to as Secure Remote Commerce (SRC) which is a...

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PayPal Entering China Market by Local Acquisition

The People’s Bank of China (PoBC) announced they are nit against PayPal’s desire to acquire a 70% equity state in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.). With this step, Paypal is becoming the first international entity that will be offering its online payment solutions in China.GoPay mostly works as a provider of a number of payment products for various industries including cross-border commerce, aviation, tourism, etc.According to the information revealed by the company,...

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Fidel Payment API Provider Has Raised $18M to Let Developers Build ‘Card-linked’ Apps

Fidel, a fintech startup based in the United Kingdom – which provides developers with a functional application programming interface (API) for building new offers on networks belonging to major card companies – has just successfully pulled in $18 million in its recently concluded Series A funding round.The funding round was led by two venture capital firms based in the U.S., QED Investors and Nyca Partners. Other participants include 500 Startups, Horizons Ventures, Commerce VC, Citi...

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