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☆ Cramer says investors should stick with 'best of breed' retail stocks
▼ + stars: | 2023-09-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Monday said in the face of traditional retail's "unrelenting crunch," investors should look into retailers that are able to perform well in the face of continued inflation. "I wish I could tell you to buy the beaten down retailers, but the one thing I know is that buying best of breed is the way to go, and at this stage in the retail world, there are only three best of breed general merchants, and they are Walmart, Costco and Amazon," Cramer said. To Cramer, retailers and suppliers are in a fight about who eats the cost of inflation. He added that at Walmart, sometimes the generic offering is right next to the branded offering, with seemingly little difference between the two except that one has a lower price. Price pressure and convenience are driving consumers to Amazon, especially its Prime service, Cramer added.

Persons: CNBC's Jim Cramer, Cramer, Price Organizations: Walmart, Costco, Walgreens Locations: U.S

☆ Strong retail sales in the face of stubborn inflation bodes well for two of our consumer stocks
▼ + stars: | 2023-09-16 | by ( Paulina Likos | ) www.cnbc.com time to read: +8 min

This week's government economic data revealed pockets of durable consumer spending despite sticky inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. Since Amazon is the largest e-commerce retailer, the government data suggests Amazon sales in the third quarter should be positive sequentially. Case for Costco Strong August retail sales numbers also bode well for Costco which essentially sells most items listed in the government's dataset. According to Jim, Costco has been doing so well because "the consumer seems very intrigued by bargains," as they've dealt with high inflation for over a year. For August, Costco said U.S. sales rose 2.8% from a year ago, slightly edging out the year-over-year, inflation-adjusted 2.5% gain in U.S. retail sales overall, reported by the Commerce Department.

Persons: we're, Morgan Stanley, Amazon's, Jim Cramer, bode, Jim, Jefferies, Costco's Kirkland, Jim Cramer's, Robert Nickelsberg Organizations: Texas, Costco, Amazon, Deal, Management, Commerce Department, Jefferies, Telsey Advisory, CNBC, Costco Wholesale, Getty Locations: U.S, Colchester , Vermont

Here are the big questions about the move, which led to a slide in shares of Chinese EV makers on Thursday:WHY EXPORT TO EUROPE AND HOW MUCH HAS IT GROWN? That is mainly due to Beijing's decade-old industry promotion policy of incentives and subsidies that enabled China to become the world's biggest EV market and control the global EV supply chain, including raw materials. The single largest exporter is Tesla, accounting for 40% of China's EV exports between January and April, U.S. thinktank the Center for Strategic and International Studies says. Chinese state subsidies for electric and hybrid vehicles totalled $57 billion between 2016 and 2022, consultants AlixPartners have estimated. It paid out nearly $15 billion to encourage EV purchases through 2021, China Merchants Bank International has estimated.

Persons: Annegret, Bill Russo, EVs, BYD, AlixPartners, Brenda Goh, Ellen Zhang, Miyoung Kim, Clarence Fernandez Organizations: REUTERS, Rights, European Commission, EV, EU, Volkswagen, Renault, BMW, WHO, Center for Strategic, International Studies, Volvo, SAIC's, MG, HK, China Merchants Bank International, Thomson Locations: Berlin, Germany, China, Shanghai, Europe, United States, CHINA, Netherlands, Denmark

☆ HyperJar, a British fintech that offers digital wallets to users, just raised $24 million in funding with this 15-slide pitch deck
▼ + stars: | 2023-09-14 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

HyperJar, a fintech startup that offers digital wallets and B2B spending tech, has raised $24 million in funding. Founded in 2016, HyperJar is best known for its digital wallets and spending tech via its app, where users can track their finances, put money into savings pots, and earn rewards. "For the first time, we can really proactively market and grow our B2C offering which is HyperJar but also we have a very successful platform which can be made much more successful," Rob Rooney, HyperJar CEO, told Insider in an interview. "The critical part is building out that and our operating system which is an enterprise version for B2B purposes." The startup's funding comes from Susquehanna Private Equity Investments and the Healthcare of Ontario Pension Plan.

Persons: HyperJar, Rob Rooney, Rooney Organizations: North America, Susquehanna Private Equity Investments, Healthcare, Ontario Locations: Europe, North

☆ Retailers are losing $100 billion a year from return fraud, bots and coupon stacking, study says
▼ + stars: | 2023-09-14 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

This type of "friendly fraud" might feel harmless and seem like a small drop in the bucket for powerful corporations. But taken together with more nefarious forms of fraud, it's costing retailers more than $100 billion per year, according to Riskified , which published a new study on the problem on Thursday. Riskified uses artificial intelligence and automation to fight fraud and boost revenue at major retailers including Wayfair , Peloton , Revolve and Canada Goose . For the study, it surveyed over 300 global companies with more than $500 million in total annual revenue. The firm found retail policy abuses, such as return fraud and using fake email addresses for promo codes, is rising for some retailers.

Persons: Robert, there's, they've, Eido Gal, Gal Organizations: Hulu, CNBC Locations: Long, , New York

☆ TikTok's new app store signals its goal to be an e-commerce platform that relies less on established players like Shopify
▼ + stars: | 2023-09-13 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

TikTok Shop, the social media app's e-commerce platform, officially came out of beta in the US on Tuesday. TikTok Shop is meant to be an end-to-end shopping destination, with in-feed and live video shopping, a dedicated shop tab in the TikTok app, an affiliate marketing program, and in-app checkout. TikTok's app store filters apps according to a seller's current e-commerce platform, including Shopify, WooCommerce, BigCommerce, Magento, Salesforce Commerce Cloud, and Amazon. Being on TikTok's app store also helps third-party software providers get discovered by sellers who might want to use their products. "We love an app store because the app store is saying: this is a trustworthy provider," Hallock said.

Persons: TikTok, Rick Watson, Watson, Anne Hallock, Hallock Organizations: Shop, RMW Commerce Consulting, Partners, TikTok Locations: Salesforce

☆ Amazon rolls out generative AI tool to help sellers write product listings
▼ + stars: | 2023-09-13 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon on Wednesday debuted an artificial intelligence tool for sellers that helps them generate copy for their product pages. The tool prompts sellers to enter a few keywords or sentences describing their product. It then spits out a range of content a seller can use to build their listing, such as product titles, bullet points and descriptions. The feature was announced this week at Amazon Accelerate, a conference held annually in Seattle for the company's third-party sellers. Amazon also recently started using AI to summarize reviews left by customers on some products.

Persons: Sellers, Mary Beth Westmoreland, chatbot Bard, Andy Jassy Organizations: Amazon, Wednesday, Google, Amazon Web Services Locations: Melville , New York, Seattle

☆ China 2023 GDP growth forecast cut to 5.0%, 4.5% in 2024 - Reuters poll
▼ + stars: | 2023-09-12 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

"The primary culprit is the property sector. This source of growth has now evaporated and won't be coming back," said Julian Evans-Pritchard, head of China economics at Capital Economics in Singapore. The Sept. 4-11 Reuters poll of 76 analysts, based in and outside mainland China, predicted the economy would grow 5.0% this year, lower than 5.5% forecast in a July survey. While recent data showed signs of improvement in the economy, some economists said more policy support was needed for the ailing property sector. A strong majority of economists who answered an additional question said the risks to their 2023 and 2024 GDP growth forecasts were skewed to the downside.

Persons: Julian Evans, Pritchard, Bingnan Ye, Teeuwe Mevissen, Vivek Mishra, Devayani, Anant Chandak, Veronica Khongwir, Jing Wang, Kevin Yao, Ross Finley, Sam Holmes Organizations: Capital Economics, China Merchants Bank, People's Bank of, Rabobank, Thomson Locations: BENGALURU, China, Singapore, Beijing, Hong Kong, People's Bank of China, Netherlands, Bengaluru, Shanghai

☆ TikTok launches online shopping in the US
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

U.S. flag and TikTok logo are seen in this illustration taken, June 2, 2023. TikTok is bringing online shopping through a series of features on its main app and is hoping to replicate the success of Asian platforms Shein and PDD Holdings' (PDD.O) Temu. New features include a shop tab, where businesses can display their products with logistics and payments solutions powered by TikTok. The social media firm said it also integrated its shopping service with various third-party platforms like Shopify (SHOP.TO), Salesforce (CRM.N), and Zendesk, among others. Reporting by Yuvraj Malik in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, TikTok, ByteDance, Yuvraj Malik, Dhanya Ann Thoppil Organizations: REUTERS, PDD Holdings, Thomson Locations: United States, U.S, Thailand, Vietnam, Malaysia, Philippines, Singapore, United Kingdom, Bengaluru

☆ Amazon is launching new supply chain services that will expand its logistics and fulfillment business beyond its marketplace
▼ + stars: | 2023-09-12 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

Amazon announced new supply-chain services Tuesday that expand its fulfillment and logistics operations for sales outside of Amazon.com. Amazon has spent billions on its global fulfillment operations, Fulfillment by Amazon, or FBA. "A seller doesn't want to have two sets of supply-chain services, one that's for Amazon and one that's for someone else. For example, it offers multi-channel fulfillment, which enables sellers to use Amazon's services to fulfill customers' orders even if the sale took place off of Amazon. Mehta said that he expects Buy with Prime to "naturally benefit" from Amazon's continued investment in supply chain tools.

Persons: Dharmesh Mehta, They've, Mehta, " Mehta Organizations: Amazon, Shoppers Locations: mstone@insider.com

Currently, TikTok spokesperson Laura Perez said more than 200,000 sellers have registered for TikTok Shop. ByteDance, the Beijing company that owns TikTok, already runs a thriving social media marketplace on Douyin, its twin video app for the Chinese market. “No social app has really been able to master e-commerce in the U.S.,” said Jasmine Enberg, a social media analyst at Insider Intelligence. Critics have levied accusations that the social media giant could be a tool for China’s government to surveil Americans. The company said TikTok shop will offer a secure checkout process and that all of its U.S. user data is stored and managed by servers maintained by the software giant Oracle.

Persons: —, TikTok, Laura Perez, TikTok’s, Perez, hasn't, “, ”, Jasmine Enberg, “ TikTok, Enberg, OtterBox Organizations: TikTok, Meta, Intelligence, Insider Intelligence, Amazon, U.S, Oracle Locations: U.S, Beijing, Asia, China

☆ Birkenstock warns in IPO filing that knock-offs on Facebook are a top risk
▼ + stars: | 2023-09-12 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Birkenstock, the iconic sandal maker founded in 1774, filed its paperwork for an initial public offering on Tuesday, and warned investors of the risks posed by counterfeit brands that use social media to promote their products. "In the past, third parties have established websites to target users on Facebook or other social media platforms with 'look alike' websites intended to trick users into believing that they were purchasing Birkenstock products at a steep discount," the filing said. "Should counterfeit products be successfully sold on e-commerce platforms managed by third parties, our brands and reputation could be damaged." Seven years ago, Birkenstock publicly quit Amazon in the U.S. due to an eruption of counterfeit and unauthorized sales on the site. The company also said at the time that it would no longer allow authorized Birkenstock merchants to sell on Amazon.

Persons: Birkenstock Organizations: New York Stock Exchange, Facebook, Amazon Locations: Germany, London, U.S

"I used to love buying branded clothes," said teacher Zhang as she sifted through a pile of garments priced between 15 and 50 yuan ($2-$7). With wages and pensions hardly budging and the job market highly uncertain as more than one in five young Chinese remain unemployed, households' confidence and spending power are low in the barely growing economy. The real estate sector, one of the pillars of the economy, is struggling with massive debt. "One of my customers is a rich woman who used to go to Japan for shopping, but now she comes to my store," said Wang. ($1 = 7.3179 Chinese yuan renminbi)Additional reporting by Winni Zhou in Shanghai; editing by Marius Zaharia and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Amy Zhang, Zhang, Becky Liu, Gucci, Kering, Lu, Yunshan, I've, Wang, Winni Zhou, Marius Zaharia Organizations: Standard Chartered, Thomson Locations: BEIJING, HONG KONG, China, LVMH, Japan, Shanghai

☆ Cramer: These things could soon break the bulls' way, plus 4 stocks to buy
▼ + stars: | 2023-09-10 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

If you don’t know a soul that is bullish — and I mean flat-out positive — you may need some new friends. I say I am a naked opportunist and I feel naked and alone right now in saying we might have a bunch of things that could break the bulls' way. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: —, We’ve, sotto, Shawn Fain, Leon Trotsky, Fain, Lululemon, LULU, Robert Bradway, Amgen, Lina Khan, Khan, Trump, Estee Lauder, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Federal Reserve, Softbank's Arm Holdings, United Auto Workers, UAW, Federal Trade, Activision Blizzard, Horizon Therapeutics, FTC, Apple, GE HealthCare, Disney, Bausch Health, Honeywell, Jim Cramer's Charitable, CNBC, NYSE Locations: Russian, U.S, Wells

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

☆ I bought meals from Chipotle, Chick-fil-A, and McDonald's in-store and online. I was shocked by menu markups as high as 38% for the delivered food.
▼ + stars: | 2023-09-09 | by ( Nancy Luna | ) www.businessinsider.com time to read: +11 min

At a McDonald's in Orange, California, Insider found that a Quarter Pounder with Cheese meal cost $10.19. DoorDash said it encourages restaurants to "maintain delivery menu prices that more closely reflect in-store menu prices." "There is a premium associated with the delivery channel," Chipotle told Insider, adding that its delivery prices are about 30% above in-store and order-ahead menu prices. ChipotleInsider food correspondent Nancy Luna found delivery prices about 30% higher at Chipotle compared to in-store prices. "This is one reason – among many – why DoorDash encourages restaurant partners to maintain delivery menu prices that more closely reflect in-store menu prices."

Persons: DoorDash, Chipotle, Uber, Nancy Luna, queso blanco, Shouldn't, It's, McDonald's, Ashwin Kamlani, Kamlani Organizations: Service, Chipotle, Chapman University in, Wall Street Locations: Wall, Silicon, Chipotle, Orange , California, Chapman, Chapman University in Orange, queso, McDelivery, That's

☆ Outage at Payments-Platform Square Puts Merchants in a Bind
▼ + stars: | 2023-09-08 | by ( Angel Au-Yeung | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/entrepreneurship/outage-at-payments-platform-square-puts-merchants-in-a-bind-edfa35f

Persons: Dow Jones

☆ Flexport had an executive exodus days before Dave Clark's surprise departure as three ex-Deliverr leaders left
▼ + stars: | 2023-09-08 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

The exodus came before former CEO Dave Clark announced his departure on Wednesday. Flexport was experiencing an exodus of executives before former CEO Dave Clark announced his sudden resignation on Wednesday. Clark, who was Amazon's worldwide consumer CEO before joining Flexport last September, announced his departure on X, formerly known as Twitter, on Wednesday. In his post, Clark cited the desire of Flexport founder and former CEO Ryan Petersen to return to his role leading the company. During a company town hall on Thursday, Flexport executives told employees that cost-cutting measures were on the way , possibly including job cuts, multiple sources said.

Persons: Flexport, Dave Clark, — Artur Rivilis, Flynn Fishman, Stephanie New —, Rivilis, Fishman, Slack, Shopify, Clark, Ryan Petersen, Freightwaves, Petersen, Tobi Lütke Organizations: Flexport, Shopify Logistics Locations: Deliverr, ,, Flexport, San Francisco , Los Angeles, Dallas, New York, Amazon, mstone@insider.com

Goldman Sachs is bullish on e-commerce in China, naming it as one of its "most preferred" areas within China's internet sector. Top picks The analysts named Chinese e-commerce shares among the bank's top buy-rated stocks, two of which are on Goldman's conviction buy list of assets it expects will outperform the market. Goldman gave a target price of $138 for Alibaba's U.S.-listed shares, and 134 Hong Kong dollars ($17.09) for its Hong Kong-listed shares. Goldman Sachs gave Pinduoduo a target price of $129, following expectations of a sizeable profit in the longer term. The bank gave Tencent a target price of 431 Hong Kong dollars, accounting for a potential upside of around 32%.

Persons: Goldman Sachs, Goldman, —, — CNBC's Michael Bloom Organizations: Alibaba's U.S, Hong, Baidu Locations: China, Hong Kong

☆ Walmart is making an unusual move to deter theft by building a mini police station inside one of its stores
▼ + stars: | 2023-09-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

An arson-damaged Atlanta Walmart store is slated to include a mini police station when it reopens in 2024. Walmart is tapping City of Atlanta funds to keep the store operating amid a rise in retail crime. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. More than 20 other Walmart locations in the US have shuttered this year so far, typically due to underperformance. Approximately one in four dollars spent at US grocery stores are spent at Walmart, according to retail data service Numerator.

Persons: Andre Dickens, Doug McMillon, —, — Dickens Organizations: Atlanta Walmart, Walmart, Service, Atlanta Police Department, Merchants Association, MLK, Clark University Locations: Atlanta, Wall, Silicon, Vine City

☆ Stripe rival Adyen secures banking license in the UK
▼ + stars: | 2023-09-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Dutch payments giant Adyen on Thursday said it won approval for a banking license in the U.K., marking a deeper push from the company into the banking sector. Adyen already has a license in the Netherlands as an acquiring bank. Adyen's U.K. merchants can already offer customers bank accounts, virtual or physical cards, and cash flow and expense management. "The U.K. is a key market for Adyen and we're excited to cement our position here with this banking authorisation," said Mariëtte Swart, Adyen's chief legal and compliance officer. A competitor to U.S. payments giant Stripe, Adyen is one of Europe's largest technology firms, with a market capitalization of 23.4 billion euros ($25 billion).

Persons: Adyen, Mariëtte Swart, Revolut Organizations: Bank of England, Regulators Locations: Netherlands, Amsterdam

☆ Amazon used 6 friendly 'tenets' to woo its rival Shopify into a partnership such as 'better together,' leaked document shows
▼ + stars: | 2023-09-06 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Amazon and Shopify launched a new Buy with Prime app for Shopify last week. This was true for its partnership with Shopify, a company that Amazon views as a major ecommerce rival. The Amazon "Prime bar" shoppers expect from Amazon.com is maintained on Shopify. We believe we can build a "better together" shopper and merchant experience with Shopify. We lean in to the key differentiators each company has to offer (e.g., Prime, MCF, Amazon App, Shop App) to "grow the pie."

Persons: Shopify, Jeff Bezos Organizations: Shopify, Amazon, Prime, Amazon.com Locations: Santos

The companies now have six months to start complying with the Digital Markets Act's requirements, which are spurring changes in how Big Tech companies operate. “So that’s the endgame.”For example, under the DMA tech companies can't stop consumers from connecting with businesses outside their platforms. That means Telegram or Signal users could exchange texts or video files with WhatsApp users. That means Meta can't mix together a user's data from Facebook, Instagram and WhatsApp services without clear consent. Google noted that it's already doing this and said it would remind European users of their choices.

Persons: Thierry Breton, who's, ”, Alexandre de Streel, ” de Streel, it's Organizations: Apple, Microsoft, Google, Meta, Big Tech, Digital Services, EU, Digital, University of Namur, Epic, Spotify, Facebook Locations: Europe, Brussels, EU

☆ Mastercard denies report of plans to raise credit card fees
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

Credit card is seen in front of displayed Master Card logo in this illustration taken, July 15, 2021. The Wall Street Journal, citing sources and documents it had viewed, reported last week that fee increases were scheduled to start in October and April at Mastercard and rival Visa (V.N). "Mastercard is not raising interchange rates in the U.S. this fall and has no plans to do so," the company said. It is also not raising network fees in the U.S. required for the processing of Mastercard transactions this fall, the firm added. "We stand by our reporting," the Wall Street Journal said in a statement to Reuters.

Persons: Dado Ruvic, Manya Saini, Maju Samuel, Devika Organizations: REUTERS, Mastercard, Street, Visa, Reuters, Street Journal, Thomson Locations: U.S, Bengaluru

☆ Mastercard denies report it plans to raise credit card fees
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

Credit card is seen in front of displayed Master Card logo in this illustration taken, July 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 5 (Reuters) - Mastercard (MA.N) on Tuesday denied a media report that this fall the payments processing giant is planning to increase credit card fees, which many merchants pay when they accept customers' credit cards. "Mastercard is not raising interchange rates in the U.S. this fall and has no plans to do so," the company said. It added that its also not raising network fees in the United States required for the processing of Mastercard transactions this fall. The world's largest payments processor added that despite strong growth in the use of its cards, overall interchange fees on Visa transactions have been flat for the past decade.

Persons: Dado Ruvic, Dow Jones, Manya Saini, Maju Samuel Organizations: REUTERS, Mastercard, Street, Visa, Thomson Locations: U.S, United States, Bengaluru

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