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Payment networks take a small fee on each transaction they route between merchants and banks, without taking on the lending risk themselves. It is a toll-road model that scales with consumer spending and the long shift from cash to digital payments.
| # | Company | Price | Day | Market cap | P/E | Health | |
|---|---|---|---|---|---|---|---|
| 1 | AXP American Express American Express both issues its cards and runs the network behind them, so it earns merchant discount fees, annual card fees, and interest on balances. | $350.58 | +1.11% | $239.2B | 22.8× | 4/7 | Open → |
| 2 | V Visa Visa operates the payment network that routes card transactions between merchants' and cardholders' banks, taking a small fee on each of more than 200 billion transactions a year. | $348.97 | +0.22% | $163.8B | — | 5/7 | Open → |
| 3 | MA Mastercard Every time a Mastercard-branded card is swiped, Mastercard collects network and processing fees from the banks involved; the lending stays on the issuers' books. | $526.74 | +0.68% | $64.5B | 31.9× | 7/7 | Open → |
Company groupings are curated; figures are real — market caps and prices from EOD market data, health from SEC XBRL filings, and the smart-money activity from Form 4 and STOCK Act disclosures. Educational only, not financial advice.