Square Has Already Won Mobile Payments. Here's Who Stands to Benefithttp://www.fool.com/investing/general/2013/12/23/square-has-already-won-mobile-payments-heres-who-s.aspx Jay Jenkins
December 23, 2013
Brandon Workman of Business Insider Intelligence thinks that Square and, more generally, card reader technology, has already won the fight for mobile payment dominance.
But alas for Foolish investors, Square is a private company (for now). Where does that leave an investor to turn?
Opportunities abound in every corner of the payment processing universe
Then there are the payment processing networks that facilitate the transactions between consumer and vendor -- the giants being Visa (NYSE: V) and MasterCard (NYSE: MA). These companies maintain the vast systems that communicate with the consumer's bank or credit card company and securely transfer funds into the vendor's account. Of course, Visa and MasterCard don't provide this service for free. They act as toll collectors and collect a fee on each