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Earnings Outlook: Visa and Mastercard earnings: More than just payments at play

Visa Inc. and Mastercard Inc. process more than $15 trillion in payments annually, but they both want to do more.

The card networks are increasingly planning for a future beyond card payments, argues 451 Research analyst Jordan McKee, as they branch into ancillary services that make use of the troves of transaction data they have on hand and leverage their relationships with industry players.

“There’s a realization across the whole value chain that scraping off a few cents or basis points is a model that’s going to see pressure,” McKee told MarketWatch. Payments, he said, are a sort of commodity, and Visa and Mastercard see opportunities to serve businesses in new, related ways.

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