Mastercard (NYSE: MA) shares barely budged on Wednesday.
Chart Courtesy of StockCharts.com
There may be a new dynamic in the works, as credit card companies
are beginning to derive larger portions of their activity,
revenues and earnings from online transactions.
According to recent data, Visa's latest figures show double digit growth in its
online transaction volume. The problem, and perhaps the reason for shares of
the credit card companies to be languishing is that a large number of online
transactions are being made through alternative conduits such as PayPal, which
is expanding its reach into the offline world via cell phones.
As that mode of exchange increases, it may lead to more business being lost by
the credit card companies. What's interesting is that Mastercard was the worst
performer in the group on Tuesday. That suggests that there may be something
company specific that may emerge as another separate issue in the future.
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