Mastercard Is Taking On the World and Winning
The Mastercard (NYSE: MA) logo is pretty ubiquitous in the United States. It adorns credit cards, debit cards, store windows, websites, and credit card processing machines. That speaks to the size and success of the company's business. If you are thinking of buying, or you already own, Mastercard, however, there's another facet to its business that is even more exciting.Essentially, Mastercard securely connects buyers and sellers. The payment processor is a giant in the financials sector, but it is really more of a financial technology company. Indeed, the company doesn't actually issue any credit cards, it just agrees to process the transactions for cards that are adorned with its logo. What is going on in the background is fairly complex, but all consumers care about is that the transaction is successfully completed and fraud is minimized.Image source: Getty Images.Continue reading
The Mastercard (NYSE: MA) logo is pretty ubiquitous in the United States. It adorns credit cards, debit cards, store windows, websites, and credit card processing machines. That speaks to the size and success of the company's business. If you are thinking of buying, or you already own, Mastercard, however, there's another facet to its business that is even more exciting.
Essentially, Mastercard securely connects buyers and sellers. The payment processor is a giant in the financials sector, but it is really more of a financial technology company. Indeed, the company doesn't actually issue any credit cards, it just agrees to process the transactions for cards that are adorned with its logo. What is going on in the background is fairly complex, but all consumers care about is that the transaction is successfully completed and fraud is minimized.
Image source: Getty Images.
