you probably should have use ad mastercard in london.t would have been a little quicker. i think we have enough history and enough understanding, we view ourselves as a strong technology company that can enable that connection. david: regulations, we saw how dodd-frank will waf affect through the durbin amendment credit cards. are you worried about regulations keeping that process, slowing down the process of going cashless? >> you know we're actually encouraged. we work very closely with government and what's important that everybody understands the end benefit. governments look for inclusive environments they're looking for transparency and efficiency. david: not all governments are looking for transparency. some are quite the opposite. >> they want their economies to grow, put it that way. if they're not looking for transparency and don't want their economies to grow we'll not necessarily be working with them. david: report. >> three party relationship that really has to focus on the end benefits. liz: gary flood, mastercard worldwide

using and app, retailers can accept mastercard, visa, and american express payments with lower fees. the technology has been tested in the san francisco area and will go up against paypal. >>> the view is looking more political these days. the president and first lady will be on the show and so will mitt and ann romney. more details straight ahead. >>> and fall is a beautiful time of yore. where do you go for the best colors? there's an app for that. >>> it's not the best timing but we still need that rain. i'll tell you when it arrives, coming up. >>> traffic is really starting to slow down here in the west side of the beltway. we'll have more coming up on good morning maryland. okay, what'ya havin? i'll have the build your own burger with a... sunny-side up egg, jack cheese, jill. and, uh... make it a double. inspiration can come from anywhere. build your own burgers are now at denny's. >>> september 21st and thank you for joining us. starting out live talking to people waiting to get the iphone 5. first we check in on the weather to see how the weekend is shaping up. >>> looking g

fox saturday baseball presented by mastercard returns next week at 3:30 eastern, 12:30 pacific. -- captions by vitac -- www.vitac.com we can't wait to see you guys next saturday. please join us. for eddie and joey, i'm erin andrews, look forward to seeing you guys next saturday. >>> lots of college football action today. good evening, everyone. >> we're on a special time so we could bring you the football game. it's saturday night which means many are hitting a night on the town. the dunbar bridge doesn't reopen until tuesday, though. >>reporter: so far so good, and you can see the cluster of construction cranes and lights in the distance. we went in close to see the work going on right now. the first thing you notice is the concrete is gone, and there's a huge gap in the road bed. under the blue tent welders are working nonstop prepping the bridge for a seismic joint on the eastern end. the rebar is newly installed, and when the new joint made up of 16 steel plates is put into place it will help in earthquake safety. >> we've only used these on the main span of the new bay bridge project.

other is a co-branded, and that would be, say, a bp card or an exxon card that is also a visa or mastercardhat you can use at other stations- you can use anywhere, for that matter. but then they have restrictions on them in terms of how much you have to spend. on the exxon visa card, for example, you have to spend like $300 in non-fuel purchases before you get those gas rewards. so, you're better off just having a general- purpose card. > > these credit cards, jen, seemed to pop up all over the place when the gas prices started to go higher. will the cards become less popular as prices fall? > > i think some of these gas companies are really looking to see what it is their customers want from these cards. people who these cards could benefit are the people who go to the same gas station every week in the same town and they don't really vary from that. you can then get 10¢ off a gallon of gas. that might be worth it. but i see some of the gas companies pulling back on those kinds of co-branded cards, for example, because they're finding that their customers only want the gas-only cards, and

fox saturday baseball presented by mastercard returns next week at 3:30 eastern, 12:30 pacific. -- captions by vitac -- www.vitac.com we can't wait to see you guys next saturday. please join us. for eddie and joey, i'm erin andrews, look forward to seeing you guys next saturday.  >>> the republican national convention is over, now the campaigns are gathering coming momentum toward november. now that it is september, the push to the end will ramp up. steve brown has more from the campaign stop in florida. >> president obama launching a four-day tour to battleground states next week. his first stop, des moines, iowa. >> when governor romney had his chance to let you in on his secret, he did not offer a single new idea. just retread to the same old policies that have been taking it to the middle class for years. >> just two days after his acceptance speech, mitt romney is back in the sunshine state. his running mate joining him. before visiting florida, he campaigned in cincinnati, ohio. >> he is the person who will fix our economy and he is the guy who will send barack obama sending

fox saturday baseball presented by mastercard returns next week at 3:30 eastern, 12:30 pacific. -- captions by vitac -- www.vitac.com we can't wait to see you guys next saturday. please join us. for eddie and joey, i'm erin andrews, look forward to seeing you guys next saturday. óóóóóóóóóóóó practice crash airborne car carthe green flag. why the forced to make a last minute change to thee póóóóóóóóóóóóóóóóóóó óóóóóóóóóóóóóóóóóóóó óóóóóóóóóóóó fox45 authenticates the world's largest crab cake. cake."i think its really huge &pand i'd love to have ittall." all." the record setting mass off maryland blue and old bay that set a guiness world record. óóóóóóóóóóóóóóóóóóóó óóóóóóóóóóóó plus what do you do with 60 million dollars in texas? the new football cathedraa that college teams aren't allowed to play in. óóóóóóóóóóóóóóóóóóóó 3 &pgood evening, i'm karen parks jeff abell is off tonight. the baltimore grand prix has a brief history full of stops and starts both on and off the afternoon, race orggnizers hope to buuld the race's reputation into a truly international event. eveet. myranda stephenn

cut often looks like it's upwards of 10%. >> all payment schemes ultimately have to pay visa or mastercard and interchange. that interchange rate is anywhere between 1.5% and 3% perhaps for some american express cards. so there's not a lot of margin for payment processors. we're not a patient processor. we don't charge for traditional retail. we provide the technology and the i.t. support to make these transactions run. but i agree with you, these guys that are competing for transaction processing rates, it seems to be a chase to zero. and that will be very dangerous. >> and people perhaps kofrnt focus on the advertising piece. and this was quite interesting when we talked last time around. we were looking at the systems you have for example in london cabs and new york cabs and whether it's the tv display ads, those are also verifone -- that's part of your company. is it going to be a bigger part going forward? >> it will be a gigantic part. right now we're live in 35 thourk ca,000 cabs around the world. that and he going to 100,000. and we're moving to the gas pump. that's another place w

and mastercard is one company offering consumers a whole host of new ways to pay. i caught up with mastercard's president of strategic alliances. >> the big retailers, people like tesco, metro, saks fifth avenue, these are organizations that really get this and are really investing very heavily in the space. i think in terms of some of the smault e smaller retailers, there are so many of them availing of themselves in a way to technology that they've never been able to do in the past. when you think about the likes of groupon and many such organizations who really have come out of nowhere to be a profound player in the retail space. >> they may be getting new ways to pay, but are consumers still spending? i also brought up with phillip green who owns brands like top shop and asked him where he is seeing growth today. >> growth overseas over the next sort of two to five will be significantly bigger. a, because we're pretty mature in the uk. and we're not in any other market. so just logically. i expect us to grow, america, we're in an interesting moment. we just sta

anybody can purchase with a visa or mastercard, but what will i get if i use my amex card? >> you're going to get special opportunities and special items only available to american cardmembers. the reason we're doing this is because our customers are already in the space, they're doing e-commerce, accessing fashion this way. 70% of the customers of american express 70% more likely to buy on a tablet than those who are not cardmembers. liz: the shift to buying online is pronounced, study recently done that shows they're doing mobile payments. exponential, doubled obviously as people get more used to this, it is the way of the future. clearly you want to capitalize on that. >> we see it all coming together, a seamless process. people will look at something in the magazine, so the content, be inspired by it and we are here to serve that. liz: not sure there's a way to dovetail with going on, but there is that experience getting back and reading the bible, bazaar, cove tougher to adverti, isn't it? >> it is tougher. publishing is a challenge right now. fashion isn't though. loo

and pay-pal is more like visa and mastercard. let's go to patrick in connecticut. >> boo-yah, jim, thanks for taking my call. my top five holdings are intel, google, chipotle, gt advanced technologies. gtat. and gill yang giantss. >> i'm going to say point blank, i'm going to give you why this is not a diversified port folio. it's got too much high risk in terms of stocks. chipot chipotle. basic knowledges -- only intel with a 4% yield is not speck. and gill yad is a highly up and down crazy stock, that said, okay, you have an internet company, you've got a tech company, you've got a tech company that's very, very similar. keep intell. you have a buy owe tech company and you have a food company. i need to see some diversified industrials. something like a ge in there would really help. and then i think we'll be in good shape. but please, cut the risk profile because a down 100 day, that portfolio is going to be down 5%. let's go to jim bow in michigan. >> thanks for taking my call. my five stocks are apple, aapl, intuitive surgic

there but the rewards cards are going to go away because of the antitrust settlement with visa and mastercarder interchange fees. is there a threat to the business model because of this? >> there is, especially if you look at what happened with debit card rewards. once the interchange fee got caught on democrats back on october 1, those that occur towards almost went away entirely. but i don't think that that will happen on credit cards. there are too many people that use a credit card just for the rewards for the issuers know that. i think that they would feel that they would lose too much business if they cut the credit card work entirely. >> as you look back to how these cards were, you have any advice for those shopping for a car? the best records for you on credit cards -- look at the mathematical max on the rewards based on the terms and conditions. then pick the one that is right for you. a rewards card is only did he pay off the balance each and every month on time. >> thank you for coming on tonight. it's great to see you are. >> thank you, gerri. gerri: we will be right back to our

it is inexpensive for certain, especially versus visa and mastercard. but keep in mind the real story here might be the company's team-up with ebay's paypal unit. that's why my charitable trust owns paypal. there are so many new rival credit card systems you hear about, always being pushed by venture capital, always get great press. i'm very jealous. but the one storming the barricades is ebay. i continue to believe that paypal is worth all of ebay's stock price and the rest to gigantic online merchant and fulfillment center comes for free, stock sold at 50. the next time you get burned on one of the big industrial names, get scalded by a tech or bio shortfall, ponder this. i almost said christian ponder. but i didn't take him this week. i wonder what would have happened if you had listened to one of the multiple times i told you to own mccormick, mkc, the spice company, which also comes on thursday. parsley, sage, rosemary and profit. the big rap against mccormick has always been it's been too expensive. guess what? you get what you pay for. up more th

my charitable trust, we think it is visa, it is mastercard, and it is paypal. and we don't really care about that the online auction market business. paypal is the thing. and that, ladies and gentlemen, is the conclusion of the "lightning round"! [ buzzer ] >> the "lightning round" is sponsored by td ameritrade. ♪ >> hey, i'm cramer! it's important to visualize what bernanke is doing, hence this ridiculous celebrity getup. and these grills represent the stages of frustration of the fed chief. what he needs to do now is light a fire under this economy. initially he used some very deep lighter fluid. now this is water, right? didn't start the fire. uncle ben now realizes you can't start a fire without a spark. he is throwing gasoline on the fire. no, i'm not going to drink it. that encourages bad behavior. oh ho! tasty! >> and now jim cramer explains the pending fiscal cliff. >> the fiscal cliff, the fiscal cliff, the fiscal cliff is coming! >> this has been jim cramer explains the pending fiscal cliff. >> how do they have their hands when they go? now that fashi

groupon payments will charge 15 cents per credit card swipe, plus fees of 1.8% for mastercard, vee ka and discover. and 3% for american express. this compares to square's flat 2.75% flat, per swipe fee. this sent groupon's shares soaring, the stock higher on anticipation that groupon will benefit from transaction fees but, perhaps more important, from data about how consumers spend money. groupon shares are still down more than 70% since its november ipo as the company struggles with with slowing growth. groupon says it will be able to process payments overnight compared to the two to three-day processing time of some of its rival services. and mason does say that the company is committed to maintaining lower fees. so the question is whether groupon will be able to lure merchants away from rival services. we will be sitting down with groupon's ceo andrew mason in an exclusive interview coming up on "power lunch." we're sure to address all of those issues. >> look forward to it very much in about 33 minutes from now is that live interview. >>> there is another big tech story out there

deal with discover financial and that opens the door and that takes more share versus visa, versus mastercard and others in the industry and at 16 times estimates the expectations are not nearly the same. >> he has been talking about that at least a month now. >> thank you forgetting that in. >> hit the biggest pops and drops in midday trading. pop and family dollar higher by two. >> discount store sales consistently on the rise. family dollar, i don't like the chart technically if i want to buy the space i would probably by dollar general. >> coca-cola. >> the stock has actually lagged the other consumer staples sectors and with commodity costs coming down and the euro going up i think earnings might surprise to the upside. this is one we're looking to get back in. >> a drop in salesforce.com. >> take a little hit and i think it really based upon ibm and the in roads this he have made in the cloud space and amazon and salesforce are under pressure here and ibm's acquisitions continue to get in the space and in their face. >> a drop of 5%, deutsche bank. >> no surprise there, down 5% when you

you and i both know if mark zuckerberg had not maxed out his mastercard, facebook wouldn't exist.ave to have some ability of young people to spend money, in elssence to create a lifestyle. >> you both make great points. we appreciate your time. see you soon. >>> you've seen the replays of last night's controversial finish of the green bay/seahawks game. we'lltalk wi talk with a man wh stranger to the bargaining table. >>> also, where to move your money before tomorrow's opening bell. back in a moment. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwab. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. maki

i still think mastercard and visa, regardless of the environment will work. it is a sea change in the way people spend money. >> brian kelly, they're throwing everything out today because of burberry. justified or not? >> yeah, i think so. i actually think you have to ask yourself is this a structural issue? i think the era of conspicuous consumption in china is over. you're not going to get those growth rates that you used to get. i agree with guy on michael kors. you're talking about a young company that has a lot of growth ahead of it in terms of stores. so that's a separate issue that you really can't lock in. but tiffany, coach, all of those justified to be down. >> murphy, is it justified? cramer had a great riff this morning on "squawk on the street" on this. you talk about the pricing of burberry products. they're expensive as heck. fashion mix is questionable. is this a burberry story or i do need to worry about tiffany and coach because of what burberry said? >> i think the market is telling you that you can have winners. you look at lulu lemon. the

by 2015 mastercard and visa have announced that the u.s. is going to chip and pin, emv. more complexity to the point of sale. i'm very confident of our competitive position and our pricing power in the market. >> you have said in the past, doug, that you hope that the mix of hardware to software will reach 50/50 by 2015. how do you get there. do you need to do an acquisition to beef up the software side of the business? >> no. we stated that goal a few years ago when we were 10% services. now we're 30%, and we're right on the trajectory to get to 50% by the end of 2015. retailers no longer can just deal with a piece of hardware. they need a total solution, a payment as a service, and as emv comes into the u.s., you're going to see more and more adoption. we announced our first payment as a services deals last quarter, more this quarter, more in australia, more in northern you're. i'm very confident of the outlook. >> doug, you outlined a lot of metric surrounding your earnings in terms of it being record levels. the stock, again, hate to bring it up, but the stock is not

discover up nearly 7% today as well as some other credit card companies like mastercard, visa, americanng out obviously showing some strength for the company. back to you. ashley: one of charles payne's ones to watch. tracy: manufacturing hitting the skids, we clos weekly jobless fs are the lowest levels in two months. are things getting better or worse? next. ashley: student loan debt of paving credit card debt. but first, a look at how the dollar is moving right now. look at how the current is doing, the euro, the pound, the canadian dollar all slightly higher. >> 21 minutes past the hour, this is your fox news minute. sources have confirmed to fox news the obama administration knew in 24 hours the attack in libya that killed the ambassador and three other americans was an act of terror. conflict with previous claims by administration officials that the attack was simply spontaneous. united nations is warning the number of refugees fleeing syria could more than double by the end of this year 700,000. nearly 300,000 have fled into neighboring countries since the conflict began 18 month

you picked mastercard 20%. good job. we like that. thanks.s: mickey mouse taking advantage of superlow interest rates and setting it on paris and oil tumbling for the third day. we head to the chicago pits to find out way but let's look at how metals are preparing today. we asked over 3,000 doctors to review 5-hour energy and what they said is amazing. over 73 percent who reviewed 5-hour energy said they would recommend a low calorie energy supplement to their healthy patients who use energy supplements. seventy-three percent. 5-hour energy has four calories and it's used over nine million times a week. is 5-hour energy right for you? ask your doctor. we already asked 3,000. cheryl: time to make money with charles payne. he has an ecommerce stock for your portfolio. charles: it is not high risk idea. i want to make that crystal clear. if you just splits, usually 18,000 share. now it is $10 a share. it has traded ten times average daily volume and oracle in july bought a company that is calm social markup language. every one wants to get into

they are also talking about mastercard dropping their revenue growth now of 11% to 14% as opposed to%. the forecast they provided earlier. the company did give a little positive information. trulia still priced to open high er. back to you. >> remember how he would say, big numbers, prove it. >> it's opened. 22.31 is where it is right now. >> the power of trulia is media stocks. we called it, yes, indeed, real estate porn. >> who doesn't like to look at the listings? >> because we never stopped being aspirational. >> no, exactly. >> it's america! >> it's our baby. you can always include square feet. >>> let's go back to mary to check on trulia. >> let's go back to mary and do that. mary, are you there by the post? guess not. you can never, ever look dumb. it is not possible. >>> you are going to be speaking on our somehow. zulo has a deal with yahoo!. i really wonder if it needs a deal with a portal to maintain. >> that's interesting, we'll ask. >>> thank you, jim. let's pay attention to updating how the credit markets and treasury markets are adjusting after qe3. if you look at a 24

now a food stamp cart is like your mastercard or visa card that. is wrong. and it's killing.e of the oldest nation states in the world and it will kill us here, too, if we don't reverse it. >> brian: i had no problem, one of the few people had no problems with the remarks and the timing of the remarks after what happened in benghazi. we didn't know how many were dead. but it seems like america agrees with me because the polling came out and niece a dead heat in -- he's in a dead heat in the gallup poll. >> i think you're right. that's the other side of the equation that when money drains, power drains. when you're broke, you lose control of your destiny. and the guys lighten up and running up the al-qaeda flag on burning u.s. embassy compound understand they have nothing to fear. this guy, mitt romney from the coverage in american newspapers, you would think he was already president, that he's somehow responsible for this and responsible for that. no, the guy is responsible is the fellow sitting in the white house. he's the president. american embassies are ablaze. nearly 50

it branded with visa or mastercard or discover a or american express logos. they can have direct deposit and you can use those instead of. of. host: you can have your check direct and positive to these prepaid accounts. guest: that's correct. and there are lots of fees. but they tend to be small and they're less than traditional banks. we did focus groups to look at what people are using prepaid cards. this started because we looked at a survey of checking account holders. 11% were using prepaid cards. so we did focus groups to talk to folks using prepaid cards. what we found, which was interesting, was their fear of the overdraft fees, the $35 fee that you're about all the time, that is what is driving them to use a prepaid card. they would rather be nickeled and dined with a $2 fee here and a $3 fee here rather than pay the $35 overdraft feet. host: did you find and the nickel-and-diming added up to more than the $35 overdraft? guest: not necessarily. it depends on how you use the account. we modeled three types of consumers. if you are a savvy consumer, so

ants apps to a touch a swiper and it will charge 15 cents per swipe plus fees and one point for mastercardnd discover. square charges merchants a flat 2.75% rate per swipe. groupon is targeting restaurants, salons and spas, businesses too small to pay the small fees that amex charges and too big to rely on square's doggel. it hopes to lure businesses by processing payments overnight instead of the days that most credit card companies take. plus businesses get analytics on their transactions, while groupon gets details on how consumers shop. let's take a look at how groupon sales are today and they're down over 80% since the company's ipo last november. big question is when whether there payment stream can turn things around. >> i'm just north of san francisco and it's one of groupon's mergeant partners and this is someone that was testing the system. he'll be joining us here into the very crowded payment space and his overall strategy to turn groupon around. melissa, back over to you. >> let me clear they're giving the devices for business, but they're charging -- presumably, since groupon

dfs is very cheap versus mastercard and visa.ormally we never want to recommend a stock based on take over basis but look. it is -- >> you have wells fargo though. would you then be less keen on wells fargo if they make this big acquisition into credit cards? >> i think wells fargo is doing exceedingly well. they have the magic touch right here. i really think as warren buffet knows, they own 30% of the mortgage market. we had a housing boom, at least the boomlet. wells is just in the cat bird's seat. >> interesting headlines. this out of the uk telegraph which always you have to consider but where the department of justice might be saying that bp had willful, gross negligence, misconduct. which could multiply their damages into the tens of billions of dollars. >> the nightmare never ends. obviously the justice department can put any company out of business. the justice department, look, you get the wrong -- they'll have to leave the gold. who the heck knows? i read that and said there are so many buys. why would anyone insist on