Tuesday, 18 May 2010 visa and mastercard shares continue to hit the market this pressure due to concerns on credit and debit card company may experience disruption in the U.S. Senate amendment on the financial regulatory laws.
On thursday amandements were outlined that the companies are in spotlight on tuesday Saunders (Visa Chairman and Chief Executive) said that the Senate’s amandements could give the authority to regulate fees per swipe and allow merchants to set minimum purchase amounts for using a card, also address minimums for credit cards.
Concerns arise on investors who had hoped the changes and only want to deal with the debit side of the business.
According to Cowen & Co. analyst Moshe Katri for today the companie’s stocks are likely to be unclear because we cannot see clearly yet what is the target of the amandement.
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