Report
Jim Sinegal
EUR 101.80 For Business Accounts Only

Mastercard's Vocalink Acquisition Opens New Markets

Mastercard’s strategy has involved M&A activity over the past 12 months. Its acquisition of Vocalink has provided it access to an additional network, and we believe the deal opens the door to growth in new markets. A large percentage of payment volume (government-to-consumer and business-to-business, for example) moves over bank-to-bank rails. Rather than attempt to move that volume to cards, Mastercard chose to acquire the rival technology directly. We think this decision fits well with Mas...
Underlying
MASTERCARD INCORPORATED

Mastercard is a technology company in the global payments industry. The company's solutions enabling consumers to use electronic forms of payment instead of cash and checks. The company provides a range of payment solutions and services using its brands, including Mastercard?, Maestro? and Cirrus?. The company is a multi-rail network that provides customers one partner to turn to for their domestic and cross-border payment needs. The company has additional payment capabilities that include automated clearing house transactions. The company also provides offerings such as cyber and intelligence products, information and analytics services, consulting, loyalty and reward programs and processing.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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