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MasterCard (MA) Kills Signatures, is it a Good Investment? - Market Mad House
MasterCard’s actions doom signatures because there were 618 million MasterCard (MA) credit cards worldwide in 2nd Quarter 2018. In addition, there are 218 MasterCard credit cards in the United States, Statista estimates. The lack of signatures shows MasterCard (NYSE: MA) has one of the world’s largest and most advanced payments platforms. For example MasterCard claims its payment network serves 2010 countries. Unfortunately, I was not able to learn how transactions a second MasterCard’s network process. On the other hand, Visa (NYSE: V) claims to process 24,000 transactions a second. Therefore, it is safe to assume that MasterCard processes around 24,000 transactions a second. I make this conclusion because MasterCard and Visa presumably uses technology with similar capabilities.