It is no secret that one of my favorite industries to invest in is the payments solutions space. Three of the strongest companies in the segment, American Express (AXP), MasterCard (MA) and Visa (V), are joining forces to establish a new global standard in payments security. The proposed token system would help to eliminate fraud and stands to strengthen the three credit card giants' already formidable positions at the forefront of the payments industry. Click here to read my take on the the big announcement!
Phil
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