How nonpayments became big business at Visa and Mastercard

Mastercard's recent value-added services include the Mastercard Mid-Market Accelerator, a suite of small and medium-size business products that are designed for card issuers. The accelerator bundles Mastercard's digital-payments technology with the card brand's value-added products. In the most recent quarter, Mastercard's value-added net revenue was $3.4 billion, up 25% from the prior year and about 40% of the card brand's total revenue."We like the networks' VAS offerings because they allow the companies ...