On Thursday, Mastercard Inc (NYSE:MA)’s shares declined -1.10% to $94.46.
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.
Macy’s, Inc. (NYSE:M)’s shares dropped -1.04% to $69.17.
Macy’s, Inc. (M) declared that its wholly owned partner, Macy’s Retail Holdings, Inc., will redeem for cash the entire $76.016 million aggregate principal amount outstanding of its 8.125% Debentures due 2035 (CUSIP 577778BC6) on August 17, 2015. The 2035 debentures were issued in August 1995 by The May Department Stores Company and assumed by Macy’s in conjunction with its acquisition of May in August 2005.
The 2035 debentures will be redeemed at par together with interest accrued and unpaid to the redemption date. They become redeemable at 100% of the principal amount thereof at any time on or after August 15, 2015, following the term
Macy’s, Inc., together with its auxiliaries, operates stores and Internet Websites in the United States. Its stores and Websites sell a range of merchandise, counting apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. The company also operates Bloomingdale’s Outlet stores that offer a range of apparel and accessories, counting women’s ready-to-wear, fashion accessories, jewelry, handbags, and intimate apparel, in addition to men’s, children’s, and women’s shoes.
At the end of Thursday’s trade, D.R. Horton, Inc. (NYSE:DHI)‘s shares dipped -0.21% to $27.86.
D.R. Horton, Inc. (DHI), America’s Builder, declared that the Company will release financial results for its third fiscal quarter ended June 30, 2015 on Tuesday, July 28, 2015 before the market opens. The Company will host a conference call that morning at 10:00 a.m. Eastern Time (ET). The dial-in number is 877-407-8033. Participants are encouraged to call in five minutes before the call begins (9:55 a.m. ET). The call will also be webcast from the Company’s website at investor.drhorton.com.
D.R. Horton, Inc. operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 79 markets in the United States under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, and Crown Communities. The company constructs single-family detached homes; and attached homes, such as town homes, duplexes, triplexes, and condominiums. It is also involved in the origination and sale of mortgages; and provision of title insurance policies, and examination and closing services.
Corenergy Infrastructure Trust Inc (NYSE:CORR), ended its Thursday’s trading session with 3.24% gain, and closed at $6.37.
Corenergy Infrastructure Trust Inc (CORR) declared that it intends to offer, subject to market and other conditions, 11.25 million shares of common stock in an underwritten public offering. CorEnergy also intends to allow the underwriters a 30-day option to purchase up to an additional 1.6875 million shares of the common stock, at the public offering price, less the underwriting discount.
Simultaneously, CorEnergy intends to offer $75 million of unsecured convertible senior notes. CorEnergy also intends to allow the underwriters a 30-day option to purchase up to an additional $11.25 million of unsecured convertible senior notes at the public offering price, less the underwriting discount.
CorEnergy Infrastructure Trust, Inc. is an open-ended equity trust launched and managed by Corridor InfraTrust Administration, LLC. The trust primarily owns midstream and downstream U.S. energy infrastructure assets subject to long-term triple net participating leases with energy companies.
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