Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – McDonald’s Europe will replace its cashiers with touch screen terminals and swipe cards at 7,700 outlets across the continent. The move seeks to improve service and ensure the fast flow of diners amid difficult economic times. McDonald’s Europe President Steve Easterbrook estimated that the [...]
Kris Alingod – AHN News Contributor Trollhattan, Sweden (AHN) – Saab owner Spyker Cars on Tuesday announced that it had secured an investment from a little known Chinese company, allowing it to resume production at its Saab plant. The Dutch automaker will receive euros 120 million ($222 million) from the Hawtai Motor Group in return [...]
ProPublica Staff United States (ProPublica) – by Marian Wang The banking industry has been busy fighting to defeat or delay a proposal that would cap the interchange fees they collect from merchants when customers pay with debit cards. As we’ve noted, they’ve lobbied extensively, and some banks have warned that they’ll end free checking, end [...]
A provision within the financial reform bill that would regulate debit card transaction fees could be postponed by a year or two following fierce objections from banks. Specifically, banks large and small are objecting to a Fed proposal to limit what are known as interchange fees — the fees they collect from merchants every time [...]
Corine Gatti – AHN Sports Contributor Birmingham, England, United Kingdom (AHN Sports) – U.S. midfielder Michael Bradley will be going to the English Premier League, according to reports. Bradley will complete his season with Aston Villa, who received the player on loan from Borussia Moenchengladbach, which has struggled this season. The transaction hushes speculation that [...]
Vittorio Hernandez – AHN News D.C., Washington, United States (AHN) – News of a Federal Reserve plan, unveiled Thursday, to cut fees collected by credit card companies caused the value of Visa and MasterCard shares to plummet by over 6 percent. Visa’s stocks plunged by 6.1 percent or $4.66 to $72.28 and MasterCard’s shares charged [...]
An individual’s financial transaction create his reputation in the market and if he has multiple bad debts to his name or is facing bankruptcy, then his credit score is sure to take a beating, marking him as a high risk category for all financial lenders in the market. When such an individual is faced with [...]
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