Visa And MasterCard Tread Cautiously Through A Changing Landscape Jun 05
- ID: 2041530
- June 2005
- Standard & Poors
Since their official inception in the late 1960s, Visa International Service Assn. (A/Negative/A-1) and MasterCard International (A-/Negative/A-2), together with their thousands of member banks, have established formidable global franchises marked by very strong global market share positions, and globally established and recognized brands. Both companies operate in more than 150 countries and can be found in about 80% of all cardholders' wallets. No other network providers are currently better positioned to reap the benefits of a global personal consumption expenditures (PCE) market, estimated at about US$24 trillion that will see further shifts from cash and check-based transactions toward one or the other form of plastic. With their massive infrastructure of payment networks, Visa and MasterCard will continue to play a...
Companies mentioned in this report are:
- American Express Co.
- Citibank N.A.
- JPMorgan Chase & Co.
- Discover Bank
- MBNA Corp.
- Visa International Service Assn.
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