Wednesday, October 6, 2010

Credit Card Companies Battle for Technology

As Visa has acquired Cybersource (including it's well know payment gateway subsidiary, it has it's competition scrambling to catch up to buy up technology in the credit card payment industry. Rival MasterCard purchased payment services company DataCash Group for $520 million in August to expand its online commerce business. MasterCard has also created MasterCard Marketplace: a discount web site for card members in conjunction with e-commerce company NextJump. DiscoverCard already has a site for discounts as well.

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