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Mastercard Gets Miami Commuters Tapping on Public Transit

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Tap-and-go transit payments is creating an inflection point for contactless payments in the United States

MIAMI–(BUSINESS WIRE)–Mastercard today announced its partnership with transportation solutions provider Cubic Transportation Systems, and Miami-Dade County Department of Transportation and Public Works (DTPW) to enable tap-and-go payments at Miami’s Metrorail stations. This service is expected to expand to the Metrobus service later this year, and will benefit millions of travelers who typically use the public transit system in the city.

“My administration has been clearly focused on incorporating innovative technologies to make public transportation both hassle-free and appealing,” said Miami-Dade County Mayor Carlos A. Gimenez. “The launch of contactless payment for our transit riders marks a great step forward for Miami-Dade County.”

In addition to partnering with DTPW to upgrade its ticketing technology, Mastercard is working with the agency to evaluate how transit tap-and-go payments can facilitate seamless integration with ride share services. The goal of this partnership is to optimize connections to and from train stations and bus stops.

“We strive to make it easier to use transit. Now, you can tap your phone or card and go! Tapping to pay with a contactless-enabled bank card or digital wallet meets the high consumer expectations in today’s age of convenience,” said DTPW Director Alice N. Bravo, P.E.

The launch of contactless payments in Miami builds off the work Mastercard is doing to transform transit ticketing in more than 20 U.S. cities.

“Transit is serving as an important catalyst to drive the use of contactless payments in the U.S.,” said Linda Kirkpatrick, executive vice president, U.S. Merchants and Acceptance, Mastercard. “When commuters use contactless payments for transit, there’s a halo effect on nearby contactless-enabled merchants, especially coffee shops, grocery stores and pharmacies. Mastercard’s long-standing support and investment in transit solutions makes it uniquely positioned to drive this transformation.”

According to Mastercard, contactless payments momentum in the U.S. is reaching a tipping point. Sixty percent of US Mastercard volume occurs at contactless-enabled merchants. In New York City, where the MTA enabled contactless payments in the subway, the company has seen contactless volume grow at a record pace. Consumers are now leveraging contactless more for their everyday purchases, completely transforming the speed and efficiency of the payment experience.

About Mastercard:

Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

Contacts

Mastercard Communications:

Chaiti Sen

Email: chaiti.sen@mastercard.com

Tel: 914.263.6542

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KARYOPHARM 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against Karyopharm Therapeutics Inc. – KPTI

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NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until September 23, 2019 to file lead plaintiff applications in a securities class action lawsuit against Karyopharm Therapeutics Inc. (NasdaqGS: KPTI). Investor losses must relate to purchases of the Company’s shares between March 2, 2017 and February 22, 2019 or issued in connection with its April 2017 or May 2018 public offering. This action is pending in the United States District Court for the District of Massachusetts.

What You May Do

If you purchased shares of Karyopharm and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-kpti/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 23, 2019.

About the Lawsuit

On February 22, 2019, the Federal Drug Administration (“FDA”) reported serious concerns with the Company’s drug, selinexor. Specifically, the FDA concluded that, contrary to the Company’s prior assurances, “[t]reatment with selinexor is associated with significant toxicity” with “limited efficacy.” On this news, the price of Karyopharm’s shares plummeted.

The case is Allegheny County Employees’ Retirement System v. Karyopharm Therapeutics Inc., 1:19-cv-11597.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com
1-877-515-1850

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Business Wire

EAGLE BANCORP 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against Eagle Bancorp, Inc. – EGBN

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NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until September 23, 2019 to file lead plaintiff applications in a securities class action lawsuit against Eagle Bancorp, Inc. (NasdaqCM: EGBN). Investor losses must relate to purchases of the Company’s securities between March 2, 2015 and July 17, 2019. This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased securities of Eagle Bancorp and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqcm-egbn/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by September 23, 2019.

About the Lawsuit

On July 17, 2019, the Company disclosed an increasing level of legal expenses resulting from ongoing internal and government investigations of “the Company’s identification, classification and disclosure of related party transactions; the retirement of certain former officers and directors; and the relationship of the Company and certain of its former officers and directors with a local public official.” On this news, the price of Eagle Bancorp’s shares plummeted.

The case is Stein v. Eagle Bancorp, Inc., 19-cv-06873.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com
1-877-515-1850

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Business Wire

DISNEY INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of The Walt Disney Company – DIS

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NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into The Walt Disney Company (NYSE: DIS).

In August 2019, news media sources reported that a former Walt Disney Co. senior financial analyst had filed a series of whistleblower tips with the Securities and Exchange Commission against the Company alleging that its employees had utilized a variety of schemes to systematically overstate revenue by billions of dollars, including 2008-09 revenue possibly being overstated by up to $6 billion. The former employee also charged that Company executives were unresponsive to her attempts to report the issues and that she was ultimately fired soon after she contacted the SEC regarding the matter in August 2017.

KSF’s investigation is focusing on whether Disney’s officers and/or directors breached their fiduciary duties to Disney’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Disney shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-dis/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contacts

Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner

lewis.kahn@ksfcounsel.com
1-877-515-1850

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