• Does ACI Worldwide, Inc. (NASDAQ:ACIW) Create Value For Shareholders?
    Simply Wall St.

    Does ACI Worldwide, Inc. (NASDAQ:ACIW) Create Value For Shareholders?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • MasterCard (MA) Stock Moves -0.02%: What You Should Know
    Zacks

    MasterCard (MA) Stock Moves -0.02%: What You Should Know

    MasterCard (MA) closed the most recent trading day at $276.34, moving -0.02% from the previous trading session.

  • Square (SQ) Gains As Market Dips: What You Should Know
    Zacks

    Square (SQ) Gains As Market Dips: What You Should Know

    Square (SQ) closed the most recent trading day at $58.32, moving +0.92% from the previous trading session.

  • Jack Dorsey's Square Is Testing a New Free Stock-Trading Service
    Bloomberg

    Jack Dorsey's Square Is Testing a New Free Stock-Trading Service

    (Bloomberg) -- Jack Dorsey’s Square Inc. already lets customers buy and sell Bitcoin on its popular Cash App. Soon, it may let them buy and sell stocks. Square is testing out a new Cash App feature that would enable users to make free stock trades, according to a video outlining the product’s features seen by Bloomberg. While the exact date of its launch is yet to be determined, employees began testing the new feature in recent weeks, according to a person familiar with the company who asked not to be identified discussing private matters.A spokesman for Square declined to comment.The free stock trading feature would position Square as a direct competitor to fintech startup Robinhood Markets Inc., which has gained millions of customers by offering no-fee trading, and most recently garnered a valuation of $7.6 billion. Robinhood has since expanded into other offerings such as options trading and margin trading, which would not be offered in Square’s initial product, the person said. Eventually, Square’s new service and others like it could pose a challenge to more established online brokers, like E*Trade Financial Corp.“We are seeing the cadence of free trading increase and I do think that’s something the broader industry can’t dismiss,” said Devin Ryan, an analyst with JMP Securities. “As a result, the pricing in those areas will continue to move lower.”Cash App and other peer to peer payment platforms are known for having a young customer base, similar to Robinhood. If Robinhood is any indication of the interest in free trading, Square could quickly gain a lot of traction. Prior to Robinhood's launch, it had a waitlist of 1 million people. Near the end of 2018, it said it had more than 6 million users, though it's unclear how many of them are active on the platform.Square’s Cash App started out by letting users send money to friends, and has since expanded into debit cards and Bitcoin trading. While Square doesn't consistently give updates on how many people are using Cash App, the company said it had more than 15 million monthly active users as of last December. Though there isn’t an immediate path to profitability for most free financial products, the race to add more users to platforms like Cash App has been fierce, with other businesses like PayPal Holdings Inc.’s Venmo also seeing big growth.Right now, fintech companies offering such products largely make money on the interchange fees when customers use their debit cards or on fees they charge for transferring funds to banks instantly. In its most recent letter to shareholders, Square said that revenue from Cash App was $135 million for the quarter, excluding Bitcoin. In a note published earlier this month, KeyBanc analyst Josh Beck said revenue from Cash App could reach $2 billion over the next three years. (Updates with analyst quote in fifth paragraph.)To contact the author of this story: Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editor responsible for this story: Anne VanderMey at avandermey@bloomberg.net, Mark MilianTom GilesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Dividend Growth ETFs for Long Term Investors
    Zacks

    Dividend Growth ETFs for Long Term Investors

    Dividend growth ETFs hold companies with solid balance sheets and rising earnings.

  • The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical
    Zacks

    The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical

    The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical

  • Visa Closes Verifi Buyout to Deal With Chargeback Issues
    Zacks

    Visa Closes Verifi Buyout to Deal With Chargeback Issues

    With the buyout of Verifi, Visa (V) intends to reduce chargeback to lessen fraud and risks involved in payments via cards.

  • 4 Top-Ranked S&P 500 Stocks to Buy Now
    Zacks

    4 Top-Ranked S&P 500 Stocks to Buy Now

    The upward march of indices this week may be attributed to a confluence of events

  • Western Union to Expand in Canada With Paramount Commerce
    Zacks

    Western Union to Expand in Canada With Paramount Commerce

    Western Union (WU) ties up with Paramount Commerce to enable online account-funded money transfers.

  • GBP/USD, USD/CAD, USD/MXN – North American Session Daily Forecast
    FX Empire

    GBP/USD, USD/CAD, USD/MXN – North American Session Daily Forecast

    British pound surges, while limited movement for Canadian dollar and Mexican peso. All eyes are on U.S. retail sales, which could shake up the currency markets

  • FX Empire

    Brexit and U.S Retail Sales Put the GBP and the USD in Focus

    It’s risk-on through the Asian session as the markets respond to the ECB move. On the day ahead, the focus will be on Brexit and U.S retail sales figures.

  • Thomson Reuters StreetEvents

    Edited Transcript of FLT earnings conference call or presentation 6-Aug-19 9:00pm GMT

    Q2 2019 Fleetcor Technologies Inc Earnings Call

  • Buffett's Best & Worst Performing Stocks Thus Far in 2019
    Zacks

    Buffett's Best & Worst Performing Stocks Thus Far in 2019

    So far this year, here are the winners and losers of Oracle of Omaha's favored companies.

  • Investing.com

    Mastercard Rises 3%

    Investing.com - Mastercard (NYSE:MA) rose by 3.12% to trade at $278.38 by 10:20 (14:20 GMT) on Thursday on the NYSE exchange.

  • Zacks

    Mastercard Ties Up With R3 to Ease Cross-Border Payments

    Mastercard (MA) partners R3 to launch a blockchain-enabled cross-border payments solution that will facilitate better services to customers.

  • The future of shopping will be by text: Iris Nova CEO
    Yahoo Finance

    The future of shopping will be by text: Iris Nova CEO

    Buying stuff exclusively by text will be the next big thing for consumers, according to Iris Nova CEO Zak Normandin.

  • 6 Reasons Why You Should Invest in FTI Consulting (FCN) Now
    Zacks

    6 Reasons Why You Should Invest in FTI Consulting (FCN) Now

    FTI Consulting's (FCN) international operations should help expand its geographic footprint and boost top-line growth.

  • FX Empire

    As Tensions Ease Between the U.S and China, it’s all Eyes on the ECB

    Tensions between the U.S and China ease, supporting risk ahead of the heavily anticipated ECB monetary policy decision later today.

  • What in the WORLD is going on?
    Zacks

    What in the WORLD is going on?

    John Blank joins us to discuss possible solutions for the current trade war and what we can expect moving forward in the current environment.

  • Accenture (ACN) Completes Acquisition of Pragsis Bidoop
    Zacks

    Accenture (ACN) Completes Acquisition of Pragsis Bidoop

    The acquisition is expected to strengthen Accenture's (ACN) capabilities in relation to artificial intelligence, big data and advanced analytics.

  • Reasons to Hold Xerox (XRX) Stock in Your Portfolio Now
    Zacks

    Reasons to Hold Xerox (XRX) Stock in Your Portfolio Now

    The recently completed reorganization under a new holding company should help Xerox (XRX) attain greater strategic, operational and financial flexibility.

  • FX Empire

    A light Economic Calendar Leaves Brexit and the ECB in Focus

    The Aussie Dollar takes another hit this morning. With stats on the lighter side on the day ahead, the focus will remain on Brexit and monetary policy.

  • Fintech Stocks To Add To Your Portfolio Of The Future
    Zacks

    Fintech Stocks To Add To Your Portfolio Of The Future

    It is time to put some money into the future of our economy.

  • Here's Why You Should Hold Automatic Data Processing Stock
    Zacks

    Here's Why You Should Hold Automatic Data Processing Stock

    Automatic Data Processing's (ADP) acquisition strategy, to strengthen its position in the global human capital management (HCM) market, bodes well.