MoneyGram International saw its stock price increase by 6.54 percent over five days of trading last week, apparently pleasing investors with news that it would expand its direct-to-account and cash-to-account services to 30 additional countries.
Two major prepaid issuers — Green Dot and NetSpend Holdings — also enjoyed strong stock gains, despite a lack of major corporate announcements. Green Dot stock saw a 7.22 percent gain, the largest in payments for last week, while NetSpend stock appreciated by 4.99 percent.
Visa stock also went up, by 5.53 percent, in a week where the Dow Jones lost about one percent of its value.
About the Bank Payment Indices
| |
Acquirer/
Processor |
Network |
POS Equipment/
Software |
Bank Payment |
Remittance |
Prepaid Issuer |
All Payments |
| Closing |
120.84 |
164.90 |
111.06 |
98.71 |
89.46 |
51.73 |
121.18 |
| Weekly Gain (#) |
-0.19 |
4.38 |
2.86 |
0.18 |
2.90 |
2.97 |
1.53 |
| Weekly Gain (%) |
-0.16% |
2.73% |
2.64% |
0.18% |
3.34% |
6.08% |
1.28% |
