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Card News Highlights: Mastercard Inc (MA)’s New Content Initiatives, Visa Inc (V)’s Fines, American Express Company (AXP)’s Gain

Editor’s Note: Mastercard Inc (NYSE:MA), Visa Inc (NYSE:V), American Express Company (NYSE:AXP), Genesco Inc. (NYSE:GCO)

Mastercard unveils new content initiatives (BtoB Magazine)
Mastercard Inc (NYSE:MA) unveiled two content initiatives: The Engagement Bureau, a “digital storytelling” platform, and Cashless Pioneers Blog, a redesigned blog showcasing customer stories. The Engagement Bureau is a content-sharing platform for journalists, bloggers and industry observers that site features news, videos and access to the company’s communications contacts via social, mobile and traditional channels. The redesigned Cashless Pioneers Blog features individual customers, businesses, governments and Mastercard Inc (NYSE:MA) employees who have embraced electronic payments.

Visa Inc (NYSE:V)

Visa Calls Fines Necessary for Data Security in Genesco Suit (Main Justice)
Visa Inc (NYSE:V) said its whole payment system depends on data security rules that call for fines meant to incentivize compliance rather than punish, a Friday court filing said. Nashville-based shoe and hat retailer Genesco Inc. (NYSE:GCO) is fighting Visa to win back $10,000 in fines paid after a 2010 breach of payment card data. The company said Visa’s fines are unenforceable under California law because they are intended to punish and aren’t comparable to actual damage caused by alleged security failings. In a Friday filing, Visa Inc (NYSE:V) said the fines are necessary to uphold the integrity of its entire payment card system, which depends on compliance from thousands of banks that issue Visa cards or process payments.

American Express Company (NYSE:AXP) and Radian Group Inc. (NYSE:RDN) Added to Equity Profile Report’s NYSE Gainers Watch List. (SBWire)
American Express Company (NYSE:AXP) a company that provides charge and credit payment card products and travel-related services to customers worldwide is currently up (+1.56%) on 2,697,616 shares traded after AMERICAN EXPRESS CO Filed SEC form 8-K, Regulation FD Disclosure. American Express Company (NYSE:AXP) is currently up (+44.1%) from its recent 52-week low which has prompted Equity Profile Report to add the stock to their NYSE Gainers Watch List.

Consumers more upbeat about economy, MasterCard survey shows (BDlive)
Consumers are feeling more confident about the second half of 2013, according to the latest Mastercard Inc (NYSE:MA) consumer confidence index, which rose 8.3 points to 56.3. The index, which was released on Monday, indicated local consumer confidence was neutral to positive, according to MasterCard. “South Africans are more optimistic than they were six months ago when the consumer outlook was adversely influenced by political and economic uncertainty,” Mastercard Inc (NYSE:MA) South Africa division president Philip Panaino said. The index is based on a forward-looking survey which measures consumer sentiment and expectations of the country’s performance using five economic indicators, of the economy, employment, the stock market, regular income and quality of life.

Visa Given Buy Rating at TheStreet (V) (Ticker Report)
Visa Inc (NYSE:V)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Tuesday, Analyst Ratings Network reports. The analysts wrote, “Visa (V) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”

Recommended Reading:

Visa Inc (V), Mastercard Inc (MA): Prep Your Portfolio for a Cashless Society

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Mastercard Inc (MA), American Express Company (AXP): Does Visa Inc (V) Deserve to Be in the Dow?

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