Mastercard Incorporated (MA - Free Report) recently entered into a collaboration with Diebold Nixdorf, Incorporated (DBD) for delivering industry-defining, managed solution for banking as well as retail sectors.
The tie-up would combine Mastercard's efficiency in providing state-of-the-art processing services and an extensive global network capability on the back-end with Diebold Nixdorf's proficiency in omni-channel innovation and consumer transactions on the front-end.
With this partnership, Mastercard is expecting to offer a bevy of next-generation digital products to enhance global scalability for financial institutions and retailers. It will allow customers to experience a richer and wider set of highly sophisticated Mastercard services, designed with the purpose of driving smarter investment decisions.
Diebold Nixdorf AllConnect Services infrastructure’s comprehensive and single-window solution would be available in Asia Pacific for the banking clients initially, followed by retail clients in the region. Diebold Nixdorf’s existing customers would be rapidly adopting better technologies, which in turn, will significantly decrease the costs to upgrade legacy solutions along with providing operational excellence.
This development can be attributed to the current partnership, earlier announced in June. The existing collaboration involves paving the way for new ATM innovation through mobile experience, which will benefit customers with better speed, security and transparency to cash withdrawals.
Shares of this Zacks Rank #3 (Hold) company have soared nearly 64%, outperforming its industry’s growth of around 37% in the past year.
Another company consistently investing in the mobile technology space is Visa Inc. (V - Free Report) .
Stocks to Consider
Investors interested in the Financial Transaction industry might check out a couple of better-ranked stocks like WEX Inc. (WEX - Free Report) and Green Dot Corporation (GDOT - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
WEX offers corporate card payment solutions in North and South America, the Asia Pacific as well as Europe. It managed to pull off an average trailing four-quarter positive earnings surprise of 2.56%.
Green Dot and its subsidiaries operate as a pro-consumer bank holding company, providing personal banking for the masses. The company came up with an average four-quarter beat of 21.37%.
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