Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Banks relying on interchange fees should prepare for a rude awakening [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
purely for payments processing are unlikely to cut it with either merchants or consumers for much longer. For the last few decades, card schemes such as Visa and Mastercard have been instrumental to the payments process. For much of this time, they have acted as a duopoly, with merchants effectively forced to accept their fees or face losing half of their customers. Most recently has been Kroger Co., a US retail chain that in 2019 tried and failed to live without Visa over "excessive fees". However, this situation is now changing fast. New fintech services such as BOPP from Agitate are allowing merchants to bypass the card ecosystem entirely for only a £10 ($14) monthly fee. By letting consumers send payments via text or online messaging, Agitate believes this could reduce total payment processing fees normally charged by cards from £11.0bn ($15.0bn) to just £2.0bn ($2.7bn.) However, rather than making the current situation better for banks, changes such as these are likely to Show less Read more
Impact Snapshot
Event Time:
MA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for MA alerts
Opt-in for
MA alerts

from News Quantified
Opt-in for
MA alerts

from News Quantified