Tag Archives: vntv

PayPal At The Heart Of Facebook, Starbucks Mobile Payment Offerings

Loading the player… LAS VEGAS — PayPal ( PYPL ) is at the heart of many notable companies’ mobile offerings, with its Braintree being leveraged for Facebook ( FB ) Messenger’s in-app Uber requests and its Paydiant platform being used to power mobile payments in the Starbucks ( SBUX ) app. PayPal’s global head of product and engineering, Bill Ready, explained during a keynote speech at the TRANSACT 16 conference in Las Vegas Wednesday how the company is working with those partners and others to help consumers make seamless transactions. Ready did not reveal a product directly rivaling Apple ( AAPL ) Pay or Alphabet’s ( GOOGL ) Android Pay, but indicated new offerings are in the pipeline. Meanwhile, Square’s ( SQ ) capital and HR head, Jacqueline Reses, discussed the card-reader maker’s expansion of its business loan program. Right now the loans are only available to Square-using merchants, but she said that one day the loans will be available to merchants that are using payment processors other than Square. Other notable companies at the conference include Visa ( V ), MasterCard ( MA ), Vantiv ( VNTV ) and Samsung.

This Payment Processor Stock Is Testing Critical Support

Loading the player… Global Payments ( GPN ) is testing critical support in the stock market today . The move comes one month ahead of the payment processor’s next quarterly report, which is expected to show earnings growth of 19% and a sales decline of 24%. Shares are testing support at the 50-day and 200-day lines, falling 2.2% to breach those levels in intraday trade. Global Payments’ volume was tracking lighter than average. The two lines are converging, which is a bearish sign. Global Payments’ performance over the past few months has lagged, with the stock coming as much as 31% below its December high. Shares are now about 20% below a consolidation buy point. Elsewhere in the payments space, Square ( SQ ) will issue its quarterly results after the close on Wednesday. Analysts expect to see a per-share loss of 13 cents. Revenue is projected to jump 37%. Square is working on an IPO base with a 14.88 buy point. The stock is currently trading 21% below the pivot, down 5.7% Tuesday afternoon. PayPal ( PYPL ), which is on the IBD 50 list of leading stocks, is also working on an IPO base. PayPal shares are trading 9% below a potential buy point, down 1.5% in afternoon trade. Fellow IBD 50 member Vantiv ( VNTV ) is hovering under a 53.56 cup buy point, which it attempted to break out of late last month. Vantiv’s stock fell 3.1% Tuesday, and is 5% below its recent high. Visa ( V ) dropped below its converging 50-day and 200-day lines on Monday, while MasterCard ( MA ) dropped below its downward-sloping 50-day line on Monday. Visa and Mastercard fell 1.6% and 1.5%, respectively, Tuesday afternoon.