10:37 AM
MasterCard-Powered Banks?
There has been some speculation MasterCard might expand into information technology services - taking it farther away from its financial services roots.
MasterCard IPO Strategy Seen Priceless in Bailing Credit-Card Brand Out of Legal Trouble (AP)
My bet is that they start offering full-service bank operations outsourcing. With their warchest from the IPO, they could buy one or more of the major core systems vendors and lock up some real business.
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