On Wednesday, Shares of Cadence Design Systems Inc (NASDAQ:CDNS), lost -1.34% to $21.34. The stock attained the volume of 2.85 million shares.
The year-to-date (YTD) performance reflected a 12.49% above last year. During the past month the stock gains 0.95%, bringing three-month performance to 9.10% and six-month performance to 14.73%. The stock holds the market capitalization of $6.22 billion.
Cadence Design Systems, Inc. develops, sells, leases, and licenses electronic design automation (EDA) software, emulation and prototyping hardware, verification intellectual property (VIP), and design intellectual property (design IP) for semiconductor and electronics systems industries worldwide.
At the end of Wednesday’s trade, Shares of Mastercard Inc (NYSE:MA), declined -0.95% to $95.02.
MasterCard declared it will provide tokenization services to commercial credit card issuers. Soon, corporations and business travelers will be able to load eligible corporate credit cards within participating mobile and digital wallet services.
Watch a short video about the value of tokenization support on corporate cards here.
With the addition of corporate cards, MasterCard will now enable tokenization across virtually all its products – consumer credit, debit and prepaid cards, in addition to small business and commercial cards. This functionality is made possible through the MasterCard Digital Enablement Service (MDES), which enables a connected device to be securely used for business purchases and payments.
Major merchants frequented by business travelers already accept contactless and in-app payments from digital wallet solutions.
MasterCard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company facilitates the processing of payment transactions, counting authorization, clearing, and settlement, in addition to delivers related products and services.
Finally, Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK), ended its last trade with -9.98% loss, and closed at $41.21.
Blackhawk Network, Inc., a leading prepaid and payments network, and Stockpile, Inc., the company that pioneered eGift Cards for stock, declared recently that Stockpile’s “Gift Cards for Stock” are accessible at select U.S. retailers. This prepaid gift card can be redeemed online to open and fund an account with stock. Consumers may buy the prepaid card as a gift for others or buy it for themselves.
Stockpile’s gift card comes in fixed denominations of $25, $50 and $100. It may be redeemed for a variety of popular stocks or exchange traded funds (ETFs) such as the NASDAQ or S&P 500. When you redeem a Stockpile gift card and open a brokerage account, you get fractional shares of real stock that you choose.
According to a September 2015 poll* of over 2,000 Americans over the age of 18 commissioned by Blackhawk, only 28 percent of American adults own stock. Blackhawk’s poll also found that 73 percent of millennials, between ages 18 to 34, do not own stock. They attribute the barriers to their participation in the stock market primarily to lack of knowledge about how to buy stock and limited investment budget. Despite these barriers, millennials are still interested in alternative ways to invest. Finally, Blackhawk’s poll found that 54 percent of millenials would be interested in purchasing stock if it were as easy as buying gift card in a grocery store or other retailer that could be redeemed online.
Blackhawk Network Holdings, Inc. provides a range of prepaid gift, telecom, and debit cards; and related prepaid products and payment services. It distributes closed loop gift cards, counting digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel; single-use non-reloadable open loop gift cards; and prepaid wireless or cellular cards used to load airtime onto the prepaid handsets, in addition to sells handsets.
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