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31 Results from /payments, "Morgan Stanley"

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Morgan Stanley wins ruling in $800m Discover case

Morgan Stanley has won a ruling in its lawsuit against Discover Financial Services that could see the card company forced to hand over hundreds of millions of dollars to its former owner.

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Three more banks join CLS/Icap FX joint venture

Bank of America, Credit Suisse and Morgan Stanley have joined four other founder banks in supporting the CLS/Icap joint venture to provide trade aggregation services in the over-the-counter FX market.

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Morgan Stanley ops manager cops a plea in $2.5 million fraud case

A former operations manager responsible for payments processing at Morgan Stanley's institutional securities business is to plead guilty to stealing $2.5 million from the US investment bank over a seven-year period.

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Revolution Money raises $42m

Revolution Money, an online interchange-free payments platform, has raised $42 million in funding from a group including a Goldman Sachs affiliate and existing investors Citi and Morgan Stanley.

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Discover alleges Morgan Stanley had secret talks with Visa and MasterCard

In a lawsuit filed against Morgan Stanley, card scheme Discover claims that its former parent engaged in secret talks with its rivals, jeopardising its antitrust case against Visa and Mastercard and forcing it to agree to a lower $2.75 billion settlement than it might otherwise have been able to claim.

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Discover and Morgan Stanley in dispute over settlement agreement

After reaching a $2.75 billion settlement with Visa and MasterCard, Discover Financial Services says it is in "dispute" with Morgan Stanley over the proportion of the money it should hand over to its former owner.

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Banks collaborate on corporate loan marketplace

Bank of America, Credit Suisse and Morgan Stanley have come together to develop a new online hub for buy and sell-side institutions participating in the corporate bank loan market

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Discover writes off $422m on Goldfish

Discover Financial Services is to write down the value of its Goldfish credit card business in the UK by up to $422 million due to the "very challenging" consumer credit environment in Britain.

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EC fines Visa EUR10.2m for Morgan Stanley exclusion

The European Commission has fined Visa EUR10.2 million for refusing to let Morgan Stanley access its credit card payment network in the UK.

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Citi providing real-time cash reporting to Morgan Stanley

Citi Global Transaction Services is to switch on SwiftNet real-time cash reporting for Morgan Stanley's broker dealer unit following successful pilot testing of the system.

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Sainsbury's partners Morgan Stanley for supplier payment system

UK supermarket chain Sainsbury's has teamed with US bank Morgan Stanley to implement a new payment system designed to make it easier and quicker for smaller suppliers to access account information and receive payments.

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Visa and Morgan Stanley settle antitrust dispute

Visa and Morgan Stanley have settled an antitrust dispute which broke out in 2000 when Visa denied the US bank access to its card network in Europe.