MasterCard Embraces Emerging Markets, New Technology

MasterCard MA helped fuel the transition from cash to credit and debit cards. Now the payment processor is expanding into electronic payments using mobile phones and other devices while seeking new business in developing countries, CEO Ajay Banga recently told IBD. He said MasterCard must become more nimble and innovative to fend off rising competition. In addition to traditional rivals such as Visa V, nonfinancial companies such as Target Continue reading at Investor's Business Daily here