Strong Week For Payments As Network, Prepaid Stocks Soar

After two consecutive weeks of decline, the payments industry rebounded in a big way this week, seeing an overall 3.10 percent gain as well as growth within each subset of the industry.

The prepaid industry was our biggest winner this week, increasing 7.85 percent. NetSpend Holdings Inc. reached $10.75 after a 9.36 percent gain – good for the third-highest individual gain in our index – while Green Dot enjoyed a 5.07 percent jump to $12.85.

The four major U.S. networks all had strong weeks as well, with the networks industry as a whole increasing by 4.09 percent. MasterCard led the way with a 5.34 percent increase to $475.27 a share, with Visa following close behind at a gain of 4.45 percent to a share price of $140.26. Despite news that they will have to pay $112.5 million (http://www.pymnts.com/regulations/cfpb/american-express-to-pay-112-5-million-in-fines-restitutions) in fees and restitutions, American Express saw a 3.35 increase to $58.56. Discover had the “worst” week among networks, increasing to $40.39 a share for a gain of 1.92 percent.

Amidst news of its renewed partnership with Walmart, MoneyGram International Inc. was this week’s biggest winner, seeing a 16.93 percent increase to $17.47 a share, rebounding from what had been a very rough month. VeriFone Systems also had an exceptionally strong week, rising to $31.37 for a 12.64 percent gain and being given a “buy” rating by CitiGroup.

The acquirer/processor industry saw the smallest amount of growth at one percent, with Global Payments, Inc. and Total System Services Inc. experiencing strong weeks but Heartland Payments Systems Inc. ringing in as our biggest loser, falling -7.70 percent to $29.24.

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Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. The September 2019 Mobile Order-Ahead Tracker, serves as a monthly framework for the space. It provides coverage of the most recent news and trends as well as a provider directory that highlights key players across the mobile order-ahead ecosystem.

 

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