Shares of Mastercard Inc (NYSE:MA) ended Thursday session in green amid volatile trading. The shares closed up +0.86 points or 0.85% at $102.12 with 3.39 million shares getting traded. Post opening the session at $101.57, the shares hit an intraday low of $101.51 and an intraday high of $102.23 and the price vacillated in this range throughout the day. The company has a market cap of $112.96 billion and the numbers of outstanding shares have been calculated to be 1.08 billion shares.
Mastercard Inc (MA) on Sept. 20, 2016 announced that augmented reality (AR) startup IMG is the first company from China to join its Start Path Global program — the company’s global effort to support innovative early-stage startups developing the next generation of commerce and fintech solutions.
Start Path was established in early 2014 as a way for Mastercard to work directly with global startups building innovative solutions covering everything from blockchain to artificial intelligence and chatbots. Over the last two years, Start Path has worked with over 90 companies across 24 countries. Mastercard is currently running active pilots with or has directly invested in nearly 20 percent of the companies. The early-stage companies that comprise this new class hail from all corners of the globe and are varied in terms of their team size, level of funding, revenue, and sales pipeline.
“When the opportunity arose to be part of the Start Path program and collaborate with Mastercard we grabbed it with both hands,” said Zhu Yu Cong, CEO of IMG. “As a growing startup, Start Path presents us with an unparalleled opportunity to scale our business and realize the full potential of our innovations. As part of the program, we are also eager to start working with Mastercard and their partners to bring new technologies to market that will help mature the augmented reality industry and its various use cases.”
Dennis Chang, Division President, China, Mastercard said, “It’s very exciting to see such an innovative technology startup such as IMG taking part in the Start Path Global program. IMG represents a generation of dynamic entrepreneurs in the fintech space, which is growing at a tremendous rate in China and stands to make a substantial impact on China’s innovation-driven economy.”
Shares of Discover Financial Services (NYSE:DFS) ended Thursday session in green amid volatile trading. The shares closed up +0.36 points or 0.63% at $57.80 with 3.32 million shares getting traded. Post opening the session at $57.81, the shares hit an intraday low of $57.47 and an intraday high of $57.93 and the price vacillated in this range throughout the day. The company has a market cap of $23.53 billion and the numbers of outstanding shares have been calculated to be 403.63 million shares.
On September 22, 2016 The Discover it® Card, Discover it® Miles Card and Discover it® Secured Card were named to MONEY Magazine’s Best Credit Cards list for 2016-2017. This marks the third consecutive year that Discover card products have been selected for MONEY’s annual list.
The Discover it Card was recognized as the Best Cash Back Credit Card for Maximizers, and the Discover it Miles Card ranked as the Best Cash Back Credit Card in Year One. The Discover it Secured Credit Card, which launched earlier this year, was named the Best Secured Credit Card.
Discover offers a full suite of credit cards, including cash back, travel, credit-building and student cards, all with no annual fee1. Currently, all new Discover cardmembers automatically receive Cashback MatchTM – a dollar-for-dollar match of all cash back earned at the end of their first year as a cardmember.
“When you add up all the benefits of being a Discover cardmember—from flexible rewards to award-winning U.S.-based customer service—we love how our credit card portfolio stacks up against the industry, across all categories,” said Julie Loeger, Discover’s executive vice president and chief marketing officer. “We have always been committed to offering innovative credit card products that serve our cardmembers’ needs. Having three of our cards named to MONEY’s Best Credit Cards list speaks to that commitment.”