On Monday, Mastercard Inc (NYSE:MA)’s shares declined -0.47% to $93.33.
Mastercard Inc (MA) announced it will offer tokenization services to merchants with app, eCommerce, and recurring billing card-on-file programs, further protecting consumers and increasing convenience when storing MasterCard cards in merchant databases. By expanding its Digital Enablement Services (MDES) to serve merchants’ needs, MasterCard continues to lead the industry in securing cardholder credentials – no matter where they are stored.
To speed and simplify the purchase process in apps and online, as well as for subscription-based and recurring payments like streaming music and video services, club dues, and utility bills, consumers have allowed thousands of merchants to store billions of credit and debit card numbers on their behalf. According to MasterCard Advisors, a typical consumer may have their card number stored in five or more locations.
In addition to the inherent security risks in the storage of card numbers, when a card account number changes, consumers are faced with the daunting task of updating payment information across all of these locations. This typically requires them to remember where their card has been stored, as well as the username and password they created when they stored it. If they are unsuccessful in changing the card number, transactions will fail – resulting in potential interruption in services, lower customer satisfaction and lost sales for the merchant.
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. It also offers value-added services, such as loyalty and reward programs, and information and consulting services.
United Continental Holdings Inc (NYSE:UAL)’s shares dropped -1.17% to $52.25.
United Continental Holdings Inc (UAL) declared that the company will add 10 Embraer E175 aircraft to the United Express fleet, offering more customers greater comfort and convenience during their in-flight experience. Additionally, United anticipates that the airline or one of the carriers that operate as United Express will convert 18 more E175 aircraft to firm orders in the near term.
United anticipates deliveries of the aircraft will start next year and continue through the summer of 2017. The new aircraft will replace older, less-efficient 50-seat regional jets and are in addition to the 125 E175s whose deliveries began in 2014.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. As of December 31, 2014, the company operated a fleet of 1,257 aircraft. It also sells fuel; and provides maintenance, ground handling, and catering services for third parties.
At the end of Monday’s trade, Ally Financial Inc (NYSE:ALLY)‘s shares surged 0.18% to $22.85.
Ally Financial Inc (ALLY) is the old financing arm of GM that was known before the Great Recession as GMAC. Ally Financial has been rebuilt into a stronger and more solvent Internet-focused bank with no brick-and-mortar locations. Its customers do their banking solely through the bank’s website, its mobile application and automatic teller machines.
The Jefferies analysts feel that in comparison to peers, which there are actually few structured like Ally, the stock is very cheap. Trading at a low nine times estimated 2016 earnings and at a miniscule one times book value, the analysts feel that there is room to run. In fact, their work indicates the stock should trade more like 1.25 times book value.
With the capital structure optimized and administration having diversified the originations platform ahead of expectations, the stock has tremendous value at current levels. The Jefferies price target for the stock is $27. The Thomson/First Call consensus price target is at $26.54. Shares closed on Tuesday at $22.63.
Ally Financial Inc. provides financial products and services primarily to automotive dealers and their customers in the United States. It offers dealer financial services, counting a range of financial services and insurance products to automotive dealers and retail customers.
Abercrombie & Fitch Co. (NYSE:ANF), ended its Monday’s trading session with -3.64% loss, and closed at $21.73.
Abercrombie & Fitch Co. (ANF) declared that Jonathan Ramsden, Chief Operating Officer will present at the Jefferies 2015 Global Consumer Conference on Tuesday, June 23, 2015 at 10:00 AM, Eastern Time.
The audio portion of the presentation and the accompanying slides will be accessible to the general public on the “Investors” section of the Company`s website at www.abercrombie.com at about 10:00 AM, Eastern Time on Tuesday, June 23, 2015.
Abercrombie & Fitch Co., through its auxiliaries, operates as a specialty retailer of apparel for men, women, and kids. The company operates through three segments: U.S. Stores, International Stores, and Direct-to-Consumer. It sells various products, such as casual sportswear apparel comprising knit and woven shirts, graphic T-shirts, fleece, jeans and woven pants, shorts, sweaters, and outerwear; personal care products; and accessories for men, women, and kids under the Abercrombie & Fitch, abercrombie kids, and Hollister brand names.
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