Evercore ISI This afternoon, the European Banking Authority (EBA) released the final draft of Regulatory Technical Standards (RTS) for Strong Customer Authentication (SCA) and bank application program interfaces (APIs). SCA, a critical aspect of PSD2 or revised Payments Systems Directive, adds steps to the e-commerce checkout process with the goal of increasing security. Investor concerns on SCA have been that these additional steps to complete an e-commerce payment transaction could represent a potential headwind to Mastercard and Visa’s European e-commerce transaction volumes beginning in late 2018.
Visa and Mastercard have been solid big-stock investments in recent years, thanks to their dominant payment networks and the fact that they don’t face the risks of loaning money to consumers. It’s a profitable and fairly stable business that rarely disappoints in terms of financial results – the kind of business that investors have learned to love. One veteran payments analyst says PayPal can join the ranks of Mastercard and Visa, in terms of predictable earnings and reliable stock returns.
- Business Wire•yesterday
Mastercard announced today plans to integrate Masterpass into Gulf Oil’s new mobile payment application, Gulf Pay. The new offering, powered by P97’s PetroZone® mobile commerce platform, will enable Gulf customers to find the nearest Gulf gas station and utilize mobile payment technology to complete fast, simple, and secure payments at the pump and in stores.
MA : Summary for Mastercard Incorporated - Yahoo Finance
Mastercard Incorporated (MA)
NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
|Bid||110.70 x 400|
|Ask||111.10 x 100|
|Day's Range||110.20 - 111.00|
|52 Week Range||85.93 - 111.07|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||30.08|
|Dividend & Yield||0.88 (0.79%)|
|1y Target Est||N/A|