For Immediate Release
Chicago, IL – May 10, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include MasterCard Inc. (MA), Visa Inc. (V), American Express Co. (AXP), Barnes & Noble Inc. (BKS) and Intel Corp. (INTC).
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Here are highlights from Wednesday’s Analyst Blog:
MasterCard Rolls Out PayPass Wallet
Expanding its digital payments services, on Monday MasterCard Inc. (MA) announced the launch of PayPass Wallet Services. However, it will be functional starting third quarter 2012.
PayPass Wallet is the latest next generation digital payment service that will facilitate customers a quicker, secured and relaxed mode of payments for their purchases. The payments can either be made electronically in stores or through internet using devices such as smartphones, computers, laptops and tablets.
These services will be processed through the company’s global banks, merchants and partners. Moreover, this service can be accessed even by customers of different card processors such as Visa Inc. (V) and American Express Co. (AXP).
Accordingly, MasterCard will provide compact digital wallet services through its three-pronged module of PayPass Wallet Services, i.e. PayPass Acceptance Network for online or contactless payments, PayPass Wallet and PayPass API. Initially, MasterCard’s PayPass Wallet Services will be made available in the U.S., Canada, U.K. and Australia. Subsequently, the services will be accessed globally.
While American Airlines and Barnes & Noble Inc. (BKS) will be among the first merchant partners; Citibank, Fifth Third Bank, Grupo Banco Popular and Grupo BBVA are a part of the several financial institutions that are initializing the PayPass Wallet. Additionally, MasterCard has successfully tapped many technology partners such as Intel Corp. (INTC), Sage Pay, SIA and Vantiv. We believe the collaborated initiative is expected to be a valued advancement in the rapidly growing eCommerce arena.
Furthermore, MasterCard’s PayPass Wallet appears to be a viable growth opportunity for MasterCard given the recent developments in telecommunications. For instance, the latest technology that functions on near field communication (:NFC) process. The consumers can now make secure payments and transfer funds through the NFC-enabled smartphones.
Going forward, the company should be able to enhance its product portfolio that offers an efficient delivery of a unique deployment of digital wallet services, thereby aligning itself with the demands of the market.
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