We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Mastercard (MA) & Marqeta Join Forces on Quick Supplier Payments
Read MoreHide Full Article
Mastercard Incorporated’s (MA - Free Report) virtual card solution, Track Instant Pay, recently landed its first processor in the United States, Marqeta, Inc. (MQ - Free Report) . Marqeta, a global card issuing platform, integrated the virtual card solution to facilitate instant payment of supplier invoices.
The technology, using machine learning as well as straight-through processing, is expected to help Marqeta’s clients in the domestic market to authorize a payment immediately after receiving invoices. The move is expected to significantly reduce the time taken for manual approvals.
The virtual card solution can increase savings by reducing expenses related to costly check processing fees. The deal strengthens Mastercard and Marqeta’s partnership. The Track Instant Pay belongs to MA’s suite of business-to-business products. The new deal is expected to increase volumes in MA’s vast network.
The move indicates growing demand for digitizing business payments. Mastercard, with its ripe portfolio of technology products and payment solutions, stands well poised to capture a significant portion of the market.
Mastercard’s products take advantage of data and automation to reduce payments fraud risks, costs and time consumption while boosting approval rates and efficiency. It resorts to partnerships for bolstering its capabilities and global presence.
Price Movements
Shares of Mastercard have improved 1.5% in the past year against the industry’s 17.4% fall.
Based in Henderson, NV, PaySign offers prepaid card products and processing services. The Zacks Consensus Estimate for PAYS’ 2022 earnings indicates a 340% year-over-year surge.
Morehead, KY-based AppHarvest works as an applied agricultural technology firm. The Zacks Consensus Estimate for APPH’s 2022 bottom line indicates a 13.9% year-over-year improvement.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Mastercard (MA) & Marqeta Join Forces on Quick Supplier Payments
Mastercard Incorporated’s (MA - Free Report) virtual card solution, Track Instant Pay, recently landed its first processor in the United States, Marqeta, Inc. (MQ - Free Report) . Marqeta, a global card issuing platform, integrated the virtual card solution to facilitate instant payment of supplier invoices.
The technology, using machine learning as well as straight-through processing, is expected to help Marqeta’s clients in the domestic market to authorize a payment immediately after receiving invoices. The move is expected to significantly reduce the time taken for manual approvals.
The virtual card solution can increase savings by reducing expenses related to costly check processing fees. The deal strengthens Mastercard and Marqeta’s partnership. The Track Instant Pay belongs to MA’s suite of business-to-business products. The new deal is expected to increase volumes in MA’s vast network.
The move indicates growing demand for digitizing business payments. Mastercard, with its ripe portfolio of technology products and payment solutions, stands well poised to capture a significant portion of the market.
Mastercard’s products take advantage of data and automation to reduce payments fraud risks, costs and time consumption while boosting approval rates and efficiency. It resorts to partnerships for bolstering its capabilities and global presence.
Price Movements
Shares of Mastercard have improved 1.5% in the past year against the industry’s 17.4% fall.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Mastercard currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Business Services space are PaySign, Inc. (PAYS - Free Report) and AppHarvest, Inc. , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Based in Henderson, NV, PaySign offers prepaid card products and processing services. The Zacks Consensus Estimate for PAYS’ 2022 earnings indicates a 340% year-over-year surge.
Morehead, KY-based AppHarvest works as an applied agricultural technology firm. The Zacks Consensus Estimate for APPH’s 2022 bottom line indicates a 13.9% year-over-year improvement.