5 Credit Card Stocks Set To Spring Higher

At first glance, the explosion of credit in China last month is good news for the world’s second-largest economy, which has been struggling to recover from the impact of the European debt crisis and a downturn in the U.S.   New loans and other forms of financing jumped to 2.54 trillion yuan in January, more than double the previous year’s 955.9 billion yuan, and well ahead of December’s 1.63 trillion yuan, government data released this month shows.  

(frankieleon)

This Sunday marks the first day that consumers could start paying an extra fee just for using their credit card to make purchases. But don't panic: It's unlikely to kick in right away, especially at the biggest retailers.

Heartland Payment Systems (HPY) Q1 2013 Earnings Call April 30, 2013 8:30 am ET Executives Maria Rueda - Chief Financial Officer and Principal Accounting Officer Robert O. Carr - Executive Chairman and Chief Executive Officer Robert H. B. Baldwin - Vice Chairman Analysts Tien-Tsin T. Huang - JP Morgan Chase & Co, Research Division

Heartland Payment Systems (HPY) Q4 2012 Earnings Call February 07, 2013 8:30 am ET Executives Maria Rueda - Chief Financial Officer Robert O. Carr - Executive Chairman and Chief Executive Officer Robert H. B. Baldwin - Vice Chairman Analysts David J. Koning - Robert W. Baird & Co. Incorporated, Research Division Timothy W. Willi - Wells Fargo Securities, LLC, Research Division

OTTAWA — The federal Opposition on Monday called on the Harper government to stop credit card companies from charging businesses higher fees for using premium cards. The call came as a federal competition tribunal prepared to rule on whether Visa and MasterCard are engaging in anti-competitive behaviour. Small business groups hope the tribunal will recommend that Ottawa forbid the major credit card companies from forcing retailers to accept cards that carry higher payment processing fees.

By Robert Broens: Digital River (DRIV) announced on Monday that it will acquire LML Payment Systems in a deal valuing the company at $3.45 per share, for a total deal value of $103 million. Shares of Digital River hardly moved on news of the deal. Shares of LML Payment jumped some 82% to $3.40 after news. The Deal

By Insider Monkey: Credit Suisse Research Analyst Moshe Orenbuch published a report titled “U.S. Credit Card - Charging Ahead in 2012; Competition Rising; Networks Better Positioned - Favor Visa” on Dec 19, 2011. The report isn't publicly available but we are going to summarize the important points. Orenbuch analyzed U.S.-based credit card companies and their current operating dynamics.