Does MasterCard's New Deal Make It a Buy Today?
Shares of credit card titan MasterCard have remained steady today after the company announced it has struck a deal with warehouse retailer Sam's Club. Sam's Club will use MasterCard's in-card chip technology, called EMV, in its credit cards to make it harder for criminals to steal consumer's identities.
According to Motley Fool analyst Simon Erickson, Sam's Club is taking this step because, frankly, nobody wants to be the next Target, which saw information for over 40 million of its customers get stolen late last year. Using chip technology is the next step to prevent that from happening again, and Sam's Club is one of the first major retailers to take this step.
But is that reason enough for investors to jump into MasterCard? Simon thinks this is a good step, but it's only an incremental win. Consumers spend over $15 trillion a year in retail these days, and everybody wants a piece of that -- including criminals. Retailers will need a way to keep their consumers safe. Companies like MasterCard and Visa will be the beneficiaries of this trend.
Your credit card may soon be completely worthless
The plastic in your wallet is about to go the way of the typewriter, the VCR, and the 8-track tape player. When it does, a handful of investors could stand to get very rich. You can join them -- but you must act now. An eye-opening new presentation reveals the full story on why your credit card is about to be worthless -- and highlights one little-known company sitting at the epicenter of an earth-shaking movement that could hand early investors the kind of profits we haven't seen since the dot-com days. Click here to watch this stunning video.
The article Does MasterCard's New Deal Make It a Buy Today? originally appeared on Fool.com.Mark Reeth has no position in any stocks mentioned. Simon Erickson has no position in any stocks mentioned. The Motley Fool recommends MasterCard and Visa. The Motley Fool owns shares of MasterCard and Visa. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.