Shares of U.S. Bancorp (NYSE:USB) ended Monday session in red amid volatile trading. The shares closed down -0.49 points or -1.14% at $42.47 with 8.53 million shares getting traded. Post opening the session at $42.69, the shares hit an intraday low of $42.40 and an intraday high of $42.78 and the price vacillated in this range throughout the day. The company has a market cap of $72.34 billion and the numbers of outstanding shares have been calculated to be 1.72 billion shares.
On September 19, 2016 U.S. Bank (USB), the fifth-largest commercial bank in the United States, announced the launch of the U.S. Bank Possibility Index, a measure of where Americans are thriving and what is holding them back from realizing their personal satisfaction across work, home and play.
“Americans spend the majority of their time in three main areas of life – work, home and at play,” said Gareth Gaston, Executive Vice President of Omnichannel Banking at U.S. Bank. “Knowing this, we wanted to better understand how well they are achieving their goals in these three areas – where are they thriving, where are they falling short and what is holding them back. By better understanding the key opportunities and challenges facing Americans, we can develop the right tools and resources to help individuals and families along the way.”
Americans scored an overall 65 out of a possible 100 in the inaugural U.S. Bank Possibility Index, indicating a slightly positive outlook on their ability to achieve their goals. More than 21 percent, however, are struggling with their overall life satisfaction. There does appear to be a silver lining, as 65 percent of Americans said they are optimistic about changes in the coming year.
Shares of Visa Inc (NYSE:V) ended Monday session in red amid volatile trading. The shares closed down -0.74 points or -0.90% at $81.81 with 8.49 million shares getting traded. Post opening the session at $82.15, the shares hit an intraday low of $81.68 and an intraday high of $82.26 and the price vacillated in this range throughout the day. The company has a market cap of $191.24 billion and the numbers of outstanding shares have been calculated to be 1.89 billion shares.
On September 15, 2016 DCB Bank, a new-generation private sector bank in India, has announced the launch of mVisa. The mobile based payment solution will make payments at retail outlets much easier: Customers of any mVisa issuing bank can make digital payments at mVisa enabled retail outlets simply by scanning a unique QR code on their smartphones. To implement mVisa, the DCB Bank has partnered with GI Technology, a Chennai-based digital payment company. As a Wirecard AG subsidiary company, GI Technology is one of India’s and South East Asia’s leading electronic payment companies that provides retailers with the acceptance of mVisa payments and withdrawls at their POS within this collaboration.
Praveen Kutty, Head of Retail & SME Banking, DCB Bank is confident that the mobile-first approach of mVisa is a pioneer in digital payments. “We are convinced that our collaboration with Visa and GI Technology will accelerate set-up of infrastructure for retail outlets to accept digital payments.”
Ramu Annamalia Ramsamy, Managing Director of Wirecard’s GI Technology, says: “We have been on the forefront of India’s very dynamic and early-stage e-commerce and digital payments market for many years. We appreciate this prosperous cooperation and are looking forward for many more to come.”
“India is undergoing a digital revolution with a clear shift in customer preference to move away from cash payments and mobile phones are a key enabler in this transition”, said T.R. Ramachandran, Group Country Manager, India and South Asia, at Visa. “I am positive this partnership will be instrumental in accelerating the adoption of digital payments.”