MasterCard and Intel Jump into Mobile Payment Technology

MasterCard (NYSE:MA) and Intel (NASDAQ:INTC) announced a multi-year tie-up to address optimization of payment technologies for Internet shopping.

The two giants will work together to enhance a slew of new payment options including ‘Identity Protection Technology’ by Intel and ‘PayPass’ by MasterCard (NYSE:MA). The former is a two-stage identity authentication system that marries a password with a hardware token that produces a temporary six-digit number.

George Thangadurai, general manager of Intel’s (NASDAQ:INTC) Client Services division, said “our goal is to enable users of Ultrabook devices and future generations of Intel-based PCs to enjoy the convenience of e-commerce while making online payments safer from malware and hackers with the advanced security capabilities of Intel Identity Protection Technology.”

The rapidly growing e-commerce and mobile payment sectors are also attracting the attention of other banking and internet giants such as Google (NASDAQ:GOOG), Visa (NYSE:V) and American Express (NYSE:AXP). Last week, AmEx said they will invest $100 million in start-ups that would revolutionize the use of plastic cards on the internet and on mobile devices.

Here’s how these stocks are trading:

  • Mastercard Incorporated (NYSE:MA): The shares recently traded at $371.05, up $0.9, or 0.24%. Its market capitalization is $47.09 billion. They have traded in a 52-week range of $215.00 to $373.20. Volume today was 226,822 shares versus a 3-month average volume of 1,422,170 shares. The company’s trailing P/E is 20.85, while trailing earnings are $17.80 per share. The company pays a dividend of $0.60 per share for a dividend yield of 0.20%. About the company: MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks. Get the most recent company news and stock data here >>
  • Intel Corporation (NASDAQ:INTC): The shares recently traded at $24.72, down $0.13, or 0.52%. Its market capitalization is $125.87 billion. They have traded in a 52-week range of $19.16 to $25.20. Volume today was 10,279,482 shares versus a 3-month average volume of 63,379,800 shares. The company’s trailing P/E is 10.71, while trailing earnings are $2.31 per share. The company pays a dividend of $0.84 per share for a dividend yield of 3.40%. About the company: Intel Corporation designs, manufactures, and sells computer components and related products. The Company’s major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products. Get the most recent company news and stock data here >>
  • Google Inc. (NASDAQ:GOOG): The shares recently traded at $615.01, up $6.66, or 1.09%. Its market capitalization is $199.19 billion. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,204,207 shares versus a 3-month average volume of 3,471,860 shares. The company’s trailing P/E is 20.96, while trailing earnings are $29.34 per share. About the company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches. Get the most recent company news and stock data here >>
  • Visa, Inc. (NYSE:V): The shares recently traded at $94.59, down $0.57, or 0.6%. Its market capitalization is $64.94 billion. They have traded in a 52-week range of $66.50 to $95.87. Volume today was 509,779 shares versus a 3-month average volume of 5,346,500 shares. The company’s trailing P/E is 17.79, while trailing earnings are $5.32 per share. The company pays a dividend of $0.88 per share for a dividend yield of 0.90%. About the company: Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities. Get the most recent company news and stock data here >>
  • American Express Company (NYSE:AXP): The shares recently traded at $49.73, down $0.64, or 1.27%. Its market capitalization is $57.76 billion. They have traded in a 52-week range of $41.25 to $53.80. Volume today was 690,145 shares versus a 3-month average volume of 9,111,510 shares. The company’s trailing P/E is 12.46, while trailing earnings are $3.99 per share. The company pays a dividend of $0.72 per share for a dividend yield of 1.40%. About the company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world. Get the most recent company news and stock data here >>

Investing Insights: Verizon and American Express Race Forward with Mobile Payments Venture.